Punjab Carbonic IPO Details
Punjab Carbonic IPO Summary

Punjab Carbonic IPO DRHP (Draft Red Herring Prospectus) has been Filed With SEBI.
Punjab Carbonic IPO total issue size comprises 95,00,000 shares . This includes a fresh issue of 60,00,000 shares . Offer for Sale consists of 35,00,000 shares . Pre-issue shareholding stands at 2,29,60,740, which will increase to 2,89,60,740 post-issue.
Punjab Carbonic IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Punjab Carbonic IPO Details
Punjab Carbonic IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
Punjab Carbonic IPO Reservation
Promoter Holding
Documents
Punjab Carbonic IPO Valuations
Punjab Carbonic Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 315.69 | 312.75 | 287.44 | 145.15 |
| Total Income | 281.62 | 490.30 | 137.91 | 111.44 |
| Profit After Tax | 26.19 | 26.21 | 6.35 | 7.28 |
| EBITDA | 37.25 | 48.23 | 17.36 | 12.97 |
| Total Borrowing | 156.59 | 168.98 | 161.06 | 77.41 |
| Amount in ₹ Crore | ||||
About Punjab Carbonic IPO
Punjab Carbonic Limited, incorporated in 1992, is an integrated carbon capture and utilisation (CCU) and industrial gas solutions company engaged in the manufacturing, recovery, supply, and distribution of liquid carbon dioxide (CO2) and dry ice.
The company focuses on converting fermentation-based CO2 emissions into high-purity products that comply with International Society for Beverage Technologists (ISBT) standards, thereby supporting a circular carbon economy. It also undertakes the design, installation, and operation of CO2 recovery units (CRUs) within distilleries, including through its subsidiary Punjab Fusion Private Limited.
As of March 31, 2025, the company had an installed capacity of 259,200 metric tonnes per annum and operated 17 CO2 recovery units across India under both build-own-operate and asset-light models. These operations are supported by a pan-India infrastructure network and a self-owned fleet of CO2 transportation tankers.
Punjab Carbonic Limited serves a diverse range of industries including food and beverages, chemicals, fertilizers, automobiles, healthcare, and aviation. The company has a widespread presence across North, South, West, and Central India, covering over 23 states and union territories. It has also expanded its footprint internationally, supplying products to countries such as Sri Lanka, Nepal, Zambia, and Morocco.
Additionally, through its subsidiary Pancarbo Greenfuels Private Limited, the company has entered the ethanol manufacturing segment, producing and supplying fuel-grade ethanol.
As of September 30, 2025, Punjab Carbonic Limited had a total workforce of 273 employees.
Strength Of Punjab Carbonic IPO
Risk Of Punjab Carbonic IPO
Objectives Punjab Carbonic IPO
1. Setting up of two CO2 recovery units (“CRUs”) at Nellore, Andhra Pradesh and Peddapuram, Andhra Pradesh, having installed capacity of 120 MTPD and 90 MTPD, respectively (“Proposed CRUs”)
2. Funding capital expenditure requirements of the Company towards purchase of CO2 transportation tankers to strengthen existing logistic infrastructure for CO2 vertical
3. Investment in the Material subsidiary, Pancarbo Greenfuels Private Limited (“PGPL”), for financing the capital expenditure requirement towards expansion of its existing Ethanol Distillery located at Village Lehri, Punjab by increasing its ethanol manufacturing capacity by 35 KLPD
4. Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the Company
5. General Corporate Purposes
6. Total
Company Contact Details
Khasra No. 112//4/2/1, Village Lehri, Talwandi Sabo, Bathinda
Bhatinda, Punjab , 151302
Phone: 9878290354
Email: cs@punjabcarbonic.com
Website: https://www.punjabcarbonic.com/
Registrar Contact Details
Punjab Carbonic FAQs
The Punjab Carbonic IPO is a MAINBOARD public issue comprising 9500000 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.
The IPO opens for subscription on TBA, and closes on TBA.
Kfin Technologies Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at TBA.

