IPO Details

About Company

Axiom Gas Engineering Ltd., incorporated in 2005, is a prominent player in the gas engineering sector, specializing in the design, installation, and maintenance of gas pipeline systems and related infrastructure. The company operates under the umbrella of the Axiom Group, which is known for its diversified interests across various engineering services. Axiom Gas Engineering boasts a comprehensive product portfolio that includes gas distribution networks, pressure regulating stations, and metering solutions, catering to both industrial and residential clients. With manufacturing facilities located in key industrial hubs across India, the company is well-equipped to meet growing demand. Its geographic presence spans multiple states, ensuring a robust distribution network that facilitates timely service delivery. For the fiscal year ending March 2023, Axiom Gas Engineering reported a total income of INR 150 crores, with a net profit of INR 25 crores, reflecting an EBITDA margin of 20%. The company's Return on Capital Employed (ROCE) stands at 15%, while Return on Equity (ROE) is noted at 12%. The Debt-Equity ratio is a manageable 0.5, indicating a balanced capital structure. The objectives of the IPO include funding expansion initiatives, enhancing manufacturing capacities, and addressing existing debt obligations. Post-issue, the market capitalization is projected to reach INR 1,000 crores, with an expected Earnings Per Share (EPS) of INR 10 and a Price-to-Earnings (P/E) ratio of 15. Investor sentiment appears cautiously optimistic, driven by the company's solid fundamentals and growth prospects in the expanding gas infrastructure sector.