Axiom Gas Engineering IPO Subscription Status
Axiom Gas Engineering IPO was subscribed 1.37 times when bidding closed on 22 Sep 2026: QIB 1.1x, NII 0.99x, Retail 1.86x.
The Axiom Gas Engineering IPO has been subscribed 1.37x times overall. Retail investors have shown interest with bids for 1.86x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.99x. Within NII, Big HNI (B-HNI) subscribed 1.07x and Small HNI (S-HNI) subscribed 0.81x. Qualified Institutional Buyers (QIBs) have subscribed 1.1x. Data last updated on 25 Sep, 06:30 PM.
The IPO subscription period has ended. The issue opened on 18 Sep, 2026 and closes on 22 Sep, 2026. The shares are expected to list on stock exchanges on 25 Sep, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 7,82,000 of 7,14,000 5 applications | 1.1x |
| NII | 39,86,000 of 40,46,000 132 applications | 0.99x |
bHNI — bid amount above ₹10 Lakh |
28,96,000 21 applications | 1.07 |
sHNI — bid amount ₹2–10 Lakh |
10,90,000 111 applications | 0.81 |
| Retail | 66,24,000 of 35,68,000 1,625 applications | 1.86x |
| TOTAL | 1,13,92,000 1,762 applications | 1.37x |
Axiom Gas Engineering IPO Basis of Allotment
Final Final figures published by the registrar, after technical rejections. Allotment price ₹54.
| Category | AppsApplications | GotAllottees | Odds |
|---|---|---|---|
| QIB 1.04x subscribed | 8 | 8 | AllAll allotted |
|
Ex. Anchor
Ex. Anchor
|
5 | 5 | AllAll allotted |
|
Anchor
Anchor Investors
|
3 | 3 | AllAll allotted |
| NII (HNI) 0.70x subscribed | 132 | 132 | AllAll allotted |
|
bNII >₹10L
bNII — above ₹10 Lakh
|
21 | 21 | AllAll allotted |
|
sNII <₹10L
sNII — below ₹10 Lakh
|
111 | 111 | AllAll allotted |
| Retail 2.38x subscribed | 1,625 | 1,143 | 2 out of 32 out of 3 |
| TOTAL 1.44x subscribed | 1,765 | 1,283 | 2 out of 32 out of 3 |
Axiom Gas Engineering IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 53.8% for a single lot.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
22 Sep 2026
Day 3 |
1.37x | ▼ | |
|
QIB1.1x
NII0.99x
Retail1.86x
|
|||
|
21 Sep 2026
Day 2 |
0.86x | ▼ | |
|
QIB0.8x
NII0.71x
Retail1.03x
|
|||
|
18 Sep 2026
Day 1 |
0.58x | ▼ | |
|
QIB0.8x
NII0.49x
Retail0.64x
|
|||
Axiom Gas Engineering SME IPO dates
From the bidding window to listing. Today is 25 October.
- Open 18 Sep 2026
- Close 22 Sep 2026
- Allotment 23 Sep 2026
- Refund/credit 24 Sep 2026
- Listing 25 Sep 2026
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Axiom Gas Engineering IPO?
As of IPO close date (22 Sep, 2026), the Axiom Gas Engineering IPO is subscribed 1.37x times. Retail category is 1.86x, and NII is 0.99x subscribed.
When is the allotment date for Axiom Gas Engineering IPO?
The allotment for Axiom Gas Engineering IPO is expected to be finalized on 23 September, 2026.
When will Axiom Gas Engineering IPO list on the stock market?
Axiom Gas Engineering is scheduled to list on BSE and NSE on 25 September, 2026.
What are the chances of getting allotment in Axiom Gas Engineering IPO?
The retail category is oversubscribed at 1.86x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 1.1x mean for Axiom Gas Engineering IPO?
Moderate — QIBs have subscribed 1.1x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.
How to check Axiom Gas Engineering IPO allotment status?
After the allotment date (23 Sep, 2026), you can check your Axiom Gas Engineering IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Axiom Gas Engineering SME IPO further
Track every stage of this IPO, from subscription to listing.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
