Axiom Gas Engineering Share Price

Axiom Gas Engineering Limited is in the arena of green energy engineering solutions, headquartered in Hyderabad, India. Company has emerged as a trusted provider of installation, distribution, marketing, and support services in the petroleum engineering sector. It specializes in Auto LPG solutions, to both retail and industrial sectors with a commitment to quality, innovation, and environmental sustainability. The core business and fastest-growing division is the sales of Auto LPG from its own Auto LPG Dispensing Stations (ALDS) network and storage infrastructure across Telangana, Karnataka, and Maharashtra. Axiom Gas Engineering Limited was incorporated as 'Axiom Gas Engineering Private Limited' on August 24, 2007, as a Private Company, dated August 24, 2007. Thereafter, the status was converted from a Private Limited to Public Limited and the name of the Company was changed to 'Axiom Gas Engineering Limited' vide certified Incorporation dated July 16, 2024 by the Registrar of Companies, Central Processing Center. The Company took the initiative in engineering activities for Reliance Industries Limited, focusing on Auto LPG statutory tank testing post-certification in 2010. It installed the first Auto LPG Dispensing Station (ALDS) for Leader Gas & Petrochem Limited; followed by the second installation of Auto LPG dispensing station installation for BPCL, Hyderabad, through URJA Power Pvt Ltd. The Company was started by Promoter Mr. Alpeshkumar Naginbhai Patel and was joined by Mr. Sadique Abdul Kadar Banani in 2012. In 2015, Company introduced 1 additional ALDS in Chandrayangutta Hyderabad, Telangana. It acquired an LPG Storage and Bottling Plant with a total capacity of 91.22 MT, inclusive of blending facilities, in Shivoor Bangla, Aurangabad, Maharashtra in 2022. It commenced supply to the Aurangabad ALDS from the Aurangabad Storage Plant in 2023. Company has demonstrated remarkable growth since the establishment of its first Auto LPG Dispensing Station (ALDS) in Telangana in 2014. As on June 30, 2024 Company had 18 Auto LPG Dispensing Stations in the states of Telangana, Maharashtra and Karnataka. The Company is planning an IPO of upto 1,03,00,000 Equity Shares comprising a fresh issue of 93,00,000 equity shares and 10,00,000 Equity Shares through offer for sale.