Axiom Gas Expands in Hyderabad, Launches IPO for Nationwide Growth

• Axiom Gas Engineering Limited secures PESO license for a new Auto LPG dispensing station on Shastripuram Road, Hyderabad, addressing growing fuel needs in the southern region.
• The company is pursuing an IPO on NSE Emerge, offering 9,492,000 new equity shares at a face value of 5 rupees each, with preliminary approval received.
• IPO funds will be strategically used: 27 crore rupees for new infrastructure, 7 crore rupees for debt reduction, and the remainder for corporate needs and issue expenses.
• Operating under the 'PrimeFuel' brand, Axiom Gas has 21 stations across Telangana, Maharashtra, and Karnataka, with plans to open 12 new outlets.
• The company's retail model, direct sales, and experienced promoters Alpeshkumar Naginbhai Patel and Sadiq Abdul Qader Banani (48+ years combined experience) drive its success.