Axiom Gas Engineering IPO Subscription Status
Final figures at close of bidding: 25 Sept 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 1.1x |
| NII | 0.98x |
| sNII (₹2L–₹10L) | 0.92x |
| bNII (above ₹10L) | 1.02x |
| Retail (RII) | 1.86x |
| Total | 1.39x |
Bidding day 5
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.8x | 0.5x | 0.58x | 0.64x | 0.62x |
| Day 2 | 0.8x | 0.5x | 0.58x | 0.64x | 0.62x |
| Day 3 | 0.8x | 0.5x | 0.58x | 0.64x | 0.62x |
| Day 4 | 0.8x | 0.59x | 0.72x | 1.04x | 0.85x |
| Day 5 | 1.1x | 0.92x | 1.02x | 1.86x | 1.39x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
The Axiom Gas Engineering book was built over 5 days: overall subscription stood at 0.62× at the close of day 1, read 0.62× at the end of day 2, read 0.62× at the end of day 3, read 0.85× at the end of day 4, and finished at 1.39× on day 5. On the final day it was retail investors driving the book, at 1.86× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 5, when the overall multiple moved from 0.85× to 1.39×.
Category detail
Qualified institutional buyers took their portion to 1.1×. Non-institutional investors came in at 0.98×, split 0.92× in the small-NII bucket (bids under ₹10 lakh) and 1.02× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 1.86× the shares reserved for them. That puts retail investors at the top of the book at 1.86× and non-institutional investors (NII) at the bottom at 0.98×.
What the multiple means for allotment
With retail subscription at 1.86×, applications in that category exceeded the shares available to it by a factor of about 1.86. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 2000 shares — ₹1,08,000 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Axiom Gas Engineering IPO open and close?
- The Axiom Gas Engineering IPO opens on 18 Sept 2026 and closes on 22 Sept 2026.
- How many times was the Axiom Gas Engineering IPO subscribed?
- The Axiom Gas Engineering IPO was subscribed 1.39 times in total across all investor categories.
- What is the reservation split in the Axiom Gas Engineering IPO?
- Of the total shares offered, retail investors get 40%, QIBs 8% (plus 12% anchor), non-institutional investors 40%.