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Axiom Gas Engineering IPO Subscription Status Day 3: Issue Subscribed 1.39 Times
Authored By HDFC SKY | Published at: Sep 22, 2026 05:39 PM IST
Axiom Gas Engineering IPO Day 3 subscription stood at 1.39x as of 5:14:59 PM on September 22, 2026, with retail at 1.86x, QIB at 1.10x and NII at 0.98x.
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Mumbai, September 22: Axiom Gas Engineering IPO opened for subscription on September 18, 2026, and will close on September 22, 2026. The book-built public issue comprises a fresh issue of 93,98,800 shares aggregating up to ₹50.75 crore. The price band is fixed at ₹51 to ₹54 per share, while the lot size is 2,000 shares.
Axiom Gas Engineering IPO Day 3 Subscription Status
The Day 3 subscription data was recorded at 5:14:59 PM on September 22, 2026. The overall public issue subscription and category-wise figures are shown below.
| Category | Subscription |
| QIB (Ex Anchor) | 1.10x |
| NII | 0.98x |
| Individual Investors | 1.86x |
| Total | 1.39x |
The anchor investor and market maker portions are excluded from the total public subscription calculation.
Category-wise Axiom Gas Engineering IPO Subscription Status
The issue has a total size of 93,98,800 shares, including 4,78,000 shares reserved for the market maker. The QIB allocation includes an anchor investor portion of 10,70,400 shares, while the QIB portion excluding anchor investors comprises 7,14,000 shares.
| Investor Category | Shares Offered | Shares Bid For | Total Amount (₹ Cr) | Subscription |
| Anchor | 10,70,400 | 10,70,400 | 5.780 | 1.00x |
| Market Maker | 4,78,000 | 4,78,000 | 2.581 | 1.00x |
| QIB (Ex Anchor) | 7,14,000 | 7,82,000 | 4.223 | 1.10x |
| NII | 35,68,000 | 35,08,000 | 18.943 | 0.98x |
| NII (> ₹10L) | 23,78,000 | 24,18,000 | 13.057 | 1.02x |
| NII (< ₹10L) | 11,90,000 | 10,90,000 | 5.886 | 0.92x |
| Individual Investors | 35,68,000 | 66,24,000 | 35.770 | 1.86x |
| Total Public Issue | 78,50,000 | 1,09,14,000 | 58.936 | 1.39x |
The subscription table excludes the anchor investor and market maker portions from the total public issue calculation. The issue had received 1,799 applications at the time of the Day 3 update.
Axiom Gas Engineering Day-Wise Subscription Summary
The issue entered its final day of bidding on September 22, 2026. The latest subscription data was recorded at 5:14:59 PM.
| 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 | 0.62x |
| September 21, 2026 (Day 2) | 0.80x | 0.68x | 0.72x | 0.59x | 1.04x | 0.85x |
| September 22, 2026 (Day 3) | 1.10x | 0.98x | 1.02x | 0.92x | 1.86x | 1.39x |
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 IPO
Axiom Gas Engineering is raising ₹50.75 crore through a fresh issue of 93,98,800 equity shares. The issue is entirely a fresh capital offering. The book-built IPO has a price band of ₹51 to ₹54 per share and a face value of ₹5 per share. The lot size is 2,000 shares. The minimum application for individual investors is two lots, comprising 4,000 shares, requiring ₹2,16,000 at the upper end of the price band. The company operates in the gas engineering segment. The IPO comprises 89,20,800 shares offered to the public after excluding 4,78,000 shares reserved for the market maker. The public issue allocation comprises QIB, NII and retail investor categories. The IPO is scheduled to list on the NSE SME platform on 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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