Hyderabad-based Axiom Gas set for IPO this month

Hyderabad-based Axiom Gas Engineering Limited, engaged in the distribution and retailing of Auto LPG under its flagship brand PrimeFuel, has announced plans to launch its Initial Public Offering (IPO) later this month.

Hyderabad: Hyderabad-based Axiom Gas Engineering Limited, a company engaged in the distribution and retailing of Auto Liquefied Petroleum Gas (Auto LPG), is set to launch its Initial Public Offering (IPO) later this month.

Axiom Gas operates 11 auto LPG dispensing stations in Telangana, eight in Maharashtra and two in Karnataka under its flagship brand ‘PrimeFuel’.

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On the back of increased consumption of Auto LPG across the country, the company plans to launch its IPO this month to accelerate its expansion plans in Telangana and other States, a press release said.