Axiom Gas Engineering IPO Set for Late January Debut, Aims ₹45 Crore

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AuthorRiya Kapoor|Published at:
Axiom Gas Engineering IPO Set for Late January Debut, Aims ₹45 Crore
Overview

Hyderabad-based Axiom Gas Engineering will launch its ₹40-45 crore Initial Public Offering (IPO) in the final week of January 2026. The Auto LPG distributor has secured in-principle approval from NSE Emerge. Proceeds will fund capital expenditure and debt reduction.

Axiom Gas Engineering Prepares for IPO

Axiom Gas Engineering, a key player in the Auto Liquefied Petroleum Gas (Auto LPG) sector, is set to launch its Initial Public Offer (IPO) in the last week of January 2026. The Hyderabad-based company aims to raise between ₹40 crore and ₹45 crore through the offering.

IPO Details

The proposed IPO will comprise a fresh issuance of up to 94,92,000 equity shares, each with a face value of ₹5, via the book-building route. MS Banani, Promoter of Axiom Gas Engineering, confirmed the timeline. Funds raised will be strategically allocated, with approximately ₹27 crore earmarked for capital expenditure and ₹7 crore designated for the prepayment or repayment of outstanding borrowings.

Company Operations and Approval

Operating under the brand 'PrimeFuel', Axiom Gas Engineering manages a network of 11 Auto LPG dispensing stations in Telangana, eight in Maharashtra, and two in Karnataka. The company has received in-principle approval from NSE Emerge for its public offering. SKI Capital Services Ltd. is acting as the sole Book Running Lead Manager, with KFIN Technologies Ltd. serving as the Registrar for the issue.

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