Punjab Carbonic Limited
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Punjab Carbonic Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 95,00,000 Shares. The offering comprises a fresh issue component of 60,00,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the NSE, BSE exchange.
Punjab Carbonic Limited, established in 1992, is a company that works in carbon capture and industrial gas solutions, mainly producing and supplying liquid CO₂ and dry ice. It captures CO₂ from fermentation processes and converts it into high-quality products that meet international standards, helping promote a circular carbon economy. The company also designs, installs, and operates CO₂ recovery units in distilleries, along with its subsidiary Punjab Fusion Private Limited. As of March 2025, it has a production capacity of 259,200 metric tonnes per year and runs 17 recovery units across India, supported by a strong distribution network and its own fleet of CO₂ tankers. It serves many industries such as food and beverages, chemicals, healthcare, and aviation, with operations across more than 23 states and even exports to countries like Sri Lanka, Nepal, Zambia, and Morocco. Additionally, through its subsidiary Pancarbo Greenfuels Private Limited, it has entered the ethanol business, and as of September 2025, the company has 273 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
💡 Read our detailed guide: What is IPO Grey Market Premium (GMP) & How It Works?
- Sustainable CCU Business Model : Converts waste CO₂ into useful products, supporting circular economy and ESG trends.
- Pan-India Presence & Diversified Clients : Wide geographic reach with multiple industries reduces customer concentration risk.
- Integrated Operations & Infrastructure : Own CRUs, logistics fleet, and recovery systems ensure operational efficiency and control.
- Dependence on Source Industries : CO₂ recovery relies on distilleries and fermentation units for raw input supply.
- Capital Intensive Expansion : Setting up CRUs, logistics, and ethanol plants requires significant investment.
- Regulatory & Environmental Risks : Operations subject to environmental norms and industrial regulations.
- Davinder Singh Kohli
- Amrit Paul Singh Kohli
- Jatinder Kaur Kohli
- Inder Pal Kaur Kohli
Punjab Carbonic Limited
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