Axiom Gas Engineering IPO Subscription Status Day 2: Issue Subscribed 0.85 Times

Authored By HDFC SKY | Published at: Sep 21, 2026 06:18 PM IST

Axiom Gas Engineering IPO Day 2 subscription status showed Retail at 1.03x, NII at 0.68x and QIB at 0.80x as of September 21, 2026.

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Mumbai, September 21: Axiom Gas Engineering IPO saw another day of bidding on September 21, 2026, with the issue now entering its final day. The IPO opened on September 18 and will close on September 22. The bookbuilding issue comprises 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. Each lot contains 2,000 shares, and retail investors need to apply for at least two lots. At the upper end of the price band, a minimum retail application therefore amounts to ₹2,16,000.

Axiom Gas Engineering IPO Day 2 Subscription Status

At 5:25 PM on September 21, the Axiom Gas Engineering IPO had received an overall subscription of 0.85 times. Retail investors had bid for 1.03 times the shares reserved for the category, taking the retail portion past the one-time mark. The NII category was subscribed 0.68 times, while the QIB portion recorded 0.80 times subscription, excluding the shares allotted to anchor investors.

Subscription Category	Shares Offered	Shares Bid For	Subscription
QIB (Ex Anchor)	7,14,000	5,72,000	0.80x
NII/HNI	35,68,000	24,10,000	0.68x
Retail	35,68,000	36,80,000	1.03x
Total Public Categories	78,50,000	66,62,000	0.85x

The subscription data was recorded at 5:25:00 PM on September 21, 2026.

Category-wise Axiom Gas Engineering IPO Subscription Status

The NII segment received bids for 24.10 lakh shares against 35.68 lakh shares on offer. Within the category, the bNII portion was subscribed 0.72 times, while the sNII portion stood at 0.59 times.

The Retail category saw bids for 36.80 lakh shares against 35.68 lakh shares reserved for the segment.

Category	Shares Offered/Reserved	Shares Bid For	Subscription
Anchor	10,70,400	10,70,400	1.00x
QIB (Ex Anchor)	7,14,000	5,72,000	0.80x
NII/HNI	35,68,000	24,10,000	0.68x
bNII (>₹10L)	23,78,000	17,12,000	0.72x
sNII (<₹10L)	11,90,000	6,98,000	0.59x
Retail	35,68,000	36,80,000	1.03x
Total Public Categories	78,50,000	66,62,000	0.85x

The anchor allocation is reported separately and does not form part of the public subscription calculation. The QIB multiple also excludes the anchor portion.

Axiom Gas Engineering Day-Wise Subscription Summary

On the opening day, the IPO was subscribed 0.62 times overall. The cumulative subscription stood at 0.85 times on Day 2. Retail participation moved from 0.64 times on Day 1 to 1.03 times on Day 2.

Date	QIB (Ex Anchor)	NII	bNII (>₹10L)	sNII (<₹10L)	Retail	Total
September 18, 2026 (Day 1)	0.80x	0.55x	0.58x	0.50x	0.64x	0.62x
September 21, 2026 (Day 2)	0.80x	0.68x	0.72x	0.59x	1.03x	0.85x

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 subscription window opened on September 18, 2026, and is scheduled to close on September 22, 2026. The price band is ₹51 to ₹54 per share, with a lot size of 2,000 shares. Retail investors need to apply for a minimum of two lots, or 4,000 shares. At the upper price band, the minimum application amount is ₹2,16,000.

The issue is proposed to list on the NSE SME platform, with September 25, 2026, as the tentative listing date. 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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