Axiom Gas Engineering IPO Subscription Status Day 1: Issue Subscribed 0.61 Times

Authored By HDFC SKY | Published at: Sep 18, 2026 05:52 PM IST

Axiom Gas Engineering IPO Day 1 subscription stood at 0.61 times, with Retail at 0.64x, NII at 0.55x and QIB at 0.80x as of September 18, 2026.

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Mumbai, September 18: Axiom Gas Engineering IPO opened for subscription on September 18, 2026, and will close on September 22, 2026. The bookbuilding issue is entirely a fresh issue of 93.98 lakh shares aggregating up to ₹50.75 crore. The price band has been fixed at ₹51 to ₹54 per share. The lot size is 2,000 shares. Individual investors are required to apply for a minimum of two lots, or 4,000 shares, amounting to ₹2,16,000 at the upper price band.

Axiom Gas Engineering IPO Day 1 Subscription Status

Axiom Gas Engineering IPO was subscribed 0.61 times by 5:30 PM on September 18, 2026, according to the subscription data available on Day 1.

Subscription Category	Subscription
Total	0.61x
Retail	0.64x
NII/HNI	0.55x
QIB (Ex Anchor)	0.80x
Anchor Investor	1.00x

The issue received bids for 48,24,000 shares against 78,50,000 shares offered for subscription, excluding the anchor portion.

Category-wise Axiom Gas Engineering IPO Subscription Status

Category	Shares Offered	Shares Bid For	Subscription
Anchor Investor	10,70,400	10,70,400	1.00x
QIB (Ex Anchor)	7,14,000	5,72,000	0.80x
NII/HNI	35,68,000	19,64,000	0.55x
bNII (>₹10L)	23,78,000	13,70,000	0.58x
sNII (<₹10L)	11,90,000	5,94,000	0.50x
Individual Investors	35,68,000	22,88,000	0.64x
Total	78,50,000	48,24,000	0.61x

The subscription figures are calculated using the upper price of the issue price range. The anchor investor and market maker portions are not included in the total number of shares offered for subscription. The market maker portion is also excluded from NII/HNI.

Axiom Gas Engineering Day-wise Subscription Summary

The available subscription data covers Day 1 of the issue.

Date	QIB (Ex Anchor)	NII	NII (>₹10L)	NII (<₹10L)	Individual Investors	Total
September 18, 2026 (Day 1)	0.80x	0.55x	0.58x	0.50x	0.64x	0.61x

Axiom Gas Engineering IPO Timeline

IPO Milestone	Date
Issue Open Date	September 18, 2026
Issue Close Date	September 22, 2026
Basis of Allotment Date	September 23, 2026
Initiation of Refunds	September 24, 2026
Credit of Shares	September 24, 2026
Listing Date	September 25, 2026

Brief Overview Of The Axiom Gas Engineering IPO

Axiom Gas Engineering IPO is a ₹50.75 crore bookbuilding issue comprising a fresh issue of 93.98 lakh shares. The IPO opened for subscription on September 18, 2026, and will close on September 22, 2026.

The price band is ₹51 to ₹54 per share, with a lot size of 2,000 shares. The minimum retail application is two lots, or 4,000 shares, amounting to ₹2,16,000 at the upper price band. The minimum HNI application is three lots, or 6,000 shares, amounting to ₹3,24,000.

The IPO is scheduled to list on the NSE SME platform, with the tentative listing date set for September 25, 2026. SKI Capital Services Ltd. is the book running lead manager, while Kfin Technologies Ltd. is the registrar to the issue. Sunflower Broking Pvt. Ltd. is the market maker.

Source:

https://www.nseindia.com/market-data/issue-information?symbol=AXIOMGAS&series=SME&type=Active

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