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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Capital expenditure for retail dispensing station network
Construction and commissioning of new Auto LPG dispensing stations and facility upgrades.
Prepayment or repayment of borrowings
Full or partial prepayment of outstanding debt facilities to optimize capital structure.
General corporate purposes
Meeting routine administrative expenses, working capital support, and strategic growth initiatives.
(₹ in Crore)
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Axiom Gas Engineering Limited, established in 2007, operates in the downstream energy and alternative mobility fuel sector in India. The company specializes in the procurement, bulk handling, storage, distribution, and retail vending of Auto Liquefied Petroleum Gas (Auto LPG). Commercial operations are conducted under its proprietary brand identity, PRIMEFUEL, providing clean-burning transportation fuel solutions to commercial and passenger vehicle owners. The enterprise has developed a regional network of Auto LPG Dispensing Stations (ALDS) strategically positioned across major transit corridors and urban transportation centers in Gujarat, Maharashtra, Karnataka, and Telangana. Axiom Gas integrates its retail dispensing operations with specialized logistics capabilities, ensuring reliable supply continuity from primary fuel refiners to its end-point filling stations. The company maintains technical compliance and safety certifications required by the Petroleum and Explosives Safety Organization (PESO). Driven by expanding demand for cost-effective and low-emission alternative fuels in urban mobility, Axiom Gas is expanding its retail footprint and storage capacity. Proceeds from its public offering are directed toward expanding retail dispensing infrastructure, acquiring new operational sites, reducing debt obligations, and supporting corporate expansion requirements across key regional markets.
Axiom Gas Engineering Limited finalized an anchor allocation of 10,70,400 equity shares to institutional investors at an issue price of Rs 54 per share, raising Rs 5.78 crore prior to public bidding.
Source: RHP • Analysis provided for informational purposes
Last Updated: 24 September 2026, 1:30 PM
Integrated Fuel Supply Network
Operates an established end-to-end Auto LPG supply chain connecting refiner sourcing, bulk transport logistics, and retail station networks.
Established Regional Footprint
Strategic site locations across high-density transit corridors in western and southern Indian states provide market access in major commercial centers.
Safety and Quality Certifications
Maintains comprehensive approvals from the Petroleum and Explosives Safety Organization alongside ISO quality certifications for fuel handling facilities.
Primary Supplier Dependence
High reliance on a limited number of primary refinery suppliers for Auto LPG procurement exposes operations to supply chain disruptions.
Related Party Logistics Reliance
Transportation of bulk LPG relies significantly on related-party logistics providers, creating operational dependency on group entities.
Hazardous Material Handling Risks
Storing and dispensing pressurized flammable automotive fuels involves inherent operational, safety, environmental, and compliance risks.
Axiom Gas Engineering Limited
522 to 527, SWC Hub, 5th Floor, Opp. Rajnath Complex, Near Essar Petrol Pump, Bhayli, Vadodara - 391410, Gujarat, India
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