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Axiom Gas Engineering SME IPO Review

Axiom Gas Engineering SME IPO has been reviewed by 1 analyst, and the overall consensus is Strong Apply — carrying a score of 100. Out of the 1 analysts who have covered this IPO, 1 recommend subscribing — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹51-54 per share, with a minimum application size of 2000 shares (minimum investment of approximately ₹108,000 at the upper band). Subscription ran from 18 Sep 2026 to 22 Sep 2026. The issue size is ₹51 crore, entirely a fresh issue. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
100/ 100
Strong Apply 1 of 1 recommend subscribing
How analysts voted
Apply 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Axiom Gas Engineering grew revenue steadily from ₹74.54 crore in FY24 to ₹100.78 crore in FY26, with profit rising from ₹5.74 crore to ₹9.45 crore and PAT margin improving from 7.70 to 9.38 percent. The note also cites positive free cash flow in all three years. Coverage is thin at a single note, which said subscribe.

Listing gains

The note values the issue at about 20.19 times post-issue earnings and 4.21 times book at the ₹54 upper band, describing that as reasonable, against 14.84 times on pre-issue earnings. With a single source and no peer spread published against it, there is a limited basis for a listing view.

Short-term strategy

Growth has been steady rather than dramatic, with revenue up about 12 percent in FY26 and profit up 22 percent. Borrowings edged down to ₹16.06 crore while net worth rose to ₹33.28 crore, so leverage is modest for an issuer of this size. Free cash flow has stayed positive.

Long-term strategy

The note's case is consistency: three years of rising revenue, widening margins and positive free cash flow, which is not common for a small engineering contractor. With only one analyst covering the issue and no peer comparison published, the long-term view rests on that record continuing rather than on any valuation argument.

How this is written: an AI-assisted summary of the 1 analyst report listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Analyst Verdict Report
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Frequently asked

Should I apply for Axiom Gas Engineering SME IPO?

The analyst consensus for Axiom Gas Engineering SME IPO tracked on this page is Strong Apply, with a score of 100/100. Out of 1 analyst who have reviewed this IPO, 1 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 100 mean for Axiom Gas Engineering SME IPO?

The score of 100 is an aggregate of all analyst ratings tracked for Axiom Gas Engineering SME IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Axiom Gas Engineering SME IPO?

Axiom Gas Engineering SME IPO listed on September 25, 2026 at ₹54.75, against the issue price of ₹54 — a gain of +1.39% (₹0.75 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Axiom Gas Engineering SME IPO?

Axiom Gas Engineering SME IPO was priced at ₹51-54 per share. The minimum lot size is 2000 shares, making the minimum investment approximately ₹108,000 at the upper end of the price band. Subscription ran from 18 Sep 2026 to 22 Sep 2026.

Explore Axiom Gas Engineering SME IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Axiom Gas Engineering SME IPO review

A verdict is an opinion, not a guarantee.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
100 / 100
Listed at
₹54.75
Full IPO details