Axiom Gas Engineering IPO Subscribed 1.39x on Day 3
Varda Khade
- 0 min read
Last Updated: 23rd September 2026 - 10:08 am
Axiom Gas Engineering IPO was subscribed 1.39 times by 5:06 PM on Day 3 (September 22, 2026). The public issue received bids for 1,09,14,000 shares against 78,50,000 shares available for subscription.
Among investor categories, the Individual portion witnessed the highest participation at 1.86 times, followed by the QIB portion at 1.10 times. The NII portion was subscribed 0.98 times.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Axiom Gas Engineering IPO
| Date | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Day 1 (September 18) | 0.80 | 0.55 | 0.64 | 0.62 |
| Day 2 (September 21) | 0.80 | 0.68 | 1.04 | 0.85 |
| Day 3 (September 22) | 1.10 | 0.98 | 1.86 | 1.39 |
Here are the subscription details for Axiom Gas Engineering IPO Day 3, as of 5:06 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total |
|---|---|---|---|---|
| Anchor | 1 | 10,70,400 | 10,70,400 | 5.780 |
| Market Maker | 1 | 4,78,000 | 4,78,000 | 2.581 |
| QIB | 1.10 | 7,14,000 | 7,82,000 | 4.223 |
| NII | 0.98 | 35,68,000 | 35,08,000 | 18.943 |
| Individual | 1.86 | 35,68,000 | 66,24,000 | 35.770 |
| Total | 1.39 | 78,50,000 |
1,09,14,000 |
58.936 |
Key Highlights – Day 3
- Overall subscription stood at 1.39x.
- Individual portion was subscribed 1.86x.
- QIB portion was subscribed 1.10x.
- NII portion was subscribed 0.98x.
- The IPO received bids for 1.09 crore shares against 78.50 lakh shares on offer.
Key Highlights – Day 2
- Overall subscription stood at 0.85x.
- Individual portion was subscribed 1.04x.
- QIB portion was subscribed 0.80x.
- NII portion was subscribed 0.68x.
Key Highlights – Day 1
- Overall subscription stood at 0.62x.
- QIB portion was subscribed 0.80x.
- Individual portion was subscribed 0.64x.
- NII portion was subscribed 0.55x.
About Axiom Gas Engineering
Axiom Gas Engineering Limited is primarily engaged in the distribution and retail sale of Auto Liquefied Petroleum Gas (Auto LPG). The company operates Auto LPG Dispensing Stations, procuring LPG from suppliers and managing its storage, transportation and retail dispensing to end consumers.
As of March 31, 2026, the company operated 22 Auto LPG Dispensing Stations across Telangana, Karnataka and Maharashtra, with its retail network operating under the PRIMEFUEL brand. Its activities also include gas and pipe engineering, turnkey LPG infrastructure, bottling and bulk installations, technical consultancy, equipment installation and maintenance.
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