Axiom Gas Engineering IPO

No current grey market premium reading is being quoted for the Axiom Gas Engineering Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

Readings are collected about once an hour from third-party grey-market reporters while the issue is open, and each reading is timestamped. The history table shows one row per day, with the number of readings behind it.

As of 24 Sept, 6:31 pm the Axiom Gas Engineering Limited IPO is subscribed 1.37× overall: QIB 1.1×, non-institutional 0.99× and retail 1.86×. Figures are the exchange's consolidated demand across NSE and BSE.

The retail portion is subscribed 1.86× as of 24 Sept, 6:31 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

Overall subscription at the end of each bidding day — day 1 (18 September 2026): 0.58×, day 2 (19 September 2026): 0.58×, day 3 (20 September 2026): 0.58×, day 4 (21 September 2026): 0.86×, day 5 (22 September 2026): 1.37×, day 6 (23 September 2026): 1.37×, day 7 (24 September 2026): 1.37× — from the exchange feed. The day-wise table on this page breaks each day into QIB, non-institutional and retail.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the Axiom Gas Engineering Limited IPO is expected to be finalised on 23 September 2026, the trading day after the issue closes on 22 September 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 24 September 2026 and the shares list on 25 September 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Kfin Technologies Ltd. — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Axiom Gas Engineering Limited IPO is Kfin Technologies Ltd.. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Axiom Gas Engineering Limited IPO opens on 18 September 2026 and closes on 22 September 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 25 September 2026 on NSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 18 September 2026 and 22 September 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹54); a UPI mandate must be approved by 5:00 pm on the closing day.

22 September 2026 is the last day of bidding. Allotment is then expected on 23 September 2026, refunds and demat credit on 24 September 2026, and listing on 25 September 2026 — tentative until confirmed.

The Axiom Gas Engineering Limited IPO price band is ₹54 to ₹54 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 4000 shares, so a single application at the ₹54 cut-off costs ₹2,16,000. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

₹2,16,000 — one lot of 4000 shares at ₹54. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Axiom Gas Engineering Limited is an SME issue listing on NSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is SKI Capital Services Ltd.

The issue size is ₹50.75 crore, of which ₹49.81 crore is a fresh issue.

The offer document for the Axiom Gas Engineering Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company has integrated operations across cultivation, harvesting, distillation, and processing. The company has access to a large cultivation cluster with on-site distillation. The company utilizes a sustainable, zero-waste operating model with by-product utilization. The page lists all 7 as disclosed.

The company's inability to collect trade receivables from customers in a timely manner could adversely affect its business, results of operations, cash flows, and financial condition. The company has previously compounded a non-compliance under the Companies Act, 2013, which may have regulatory and reputational implications. A significant portion of the company's purchases has been undertaken from a related party, and any adverse developments affecting such related party or the relationship with them may adversely affect its business operations and financial condition. The page lists all 7 disclosed risk factors.

The Axiom Gas Engineering Limited shares are scheduled to list on 25 September 2026 on NSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Axiom Gas Engineering Limited listed at ₹54.75, a gain of 1.4% on the ₹54 issue price.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.