Mumbai, Sept. 25 -- The stock was listed at Rs 54.75, a 1.39% premium to the IPO price. The scrip was down 1.19% from its listing price.

The stock hit a high of Rs 57 and a low of Rs 54. About 40.34 lakh shares changed hands on the NSE.

Axiom Gas Engineering's IPO was subscribed 1.36 times. The issue had a price band of Rs 51 to Rs 54 per share and was open for subscription from 18 September 2026 to 22 September 2026.

The IPO comprised a fresh issue of 83.28 lakh equity shares. The proceeds will be used to meet capital expenditure, working capital requirements and general corporate purposes.

The company had allocated 10.70 lakh equity shares to three anchor investors at Rs 54 per share.

Axiom Gas Engineering is engaged in the distrib...