Punjab Carbonic Ltd. IPO Details
Punjab Carbonic was incorporated on December 28, 1992. The company is an integrated carbon capture and utilisation (CCU) and industrial gas solutions provider, engaged in manufacturing and supplying liquid CO2 and dry ice while supporting a circular carbon economy. With a diversified presence across industries and ethanol production through its subsidiary, it combines CO2 recovery infrastructure with large-scale capacity and pan-India operations
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 9.5 M | - | - | ₹0 | DRHP DOC |
Punjab Carbonic issue details
Punjab Carbonic has 9.5 M shares on offer
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Punjab Carbonic IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Punjab Carbonic NUMBER OF SHARES ON OFFER
Punjab Carbonic FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| H1FY26 | 279.4 | 18.6 | 35.7 | 20.6 | 13.3% |
| FY25 | 488.2 | 23.4 | 31.9 | 13.7 | 9.9% |
| FY24 | 136.5 | 7.2 | 15.2 | -129.0 | 12.7% |
| FY23 | 110.4 | 7.4 | -5.7 | -8.2 | 11.8% |
Punjab Carbonic INFORMATION ON IPO ISSUE
About Punjab Carbonic
Punjab Carbonic was incorporated on December 28, 1992. The company is an integrated carbon capture and utilisation (CCU) and industrial gas solutions provider, engaged in manufacturing and supplying liquid CO2 and dry ice while supporting a circular carbon economy. With a diversified presence across industries and ethanol production through its subsidiary, it combines CO2 recovery infrastructure with large-scale capacity and pan-India operations
Object of the Issue
- 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
- Funding capital expenditure requirements of the company towards purchase of CO2 transportation tankers to strengthen existing logistic infrastructure for CO2 vertical
- Investment in their 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
- Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company
- General corporate purposes
Punjab Carbonic - PROMOTERS
| Name |
|---|
| Davinder Singh Kohli |
| Amrit Paul Singh Kohli |
| Jatinder Kaur Kohli |
| Inder Pal Kaur Kohli |
Punjab Carbonic - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Davinder Singh Kohli | Chairman & Managing Director |
| Amrit Paul Singh Kohli | Joint Managing Director |
| Inder Pal Kaur Kohli | Non-Executive Director |
| Jatinder Kaur Kohli | Non-Executive Director |
| Arun Kumar | Independent Director |
| Brish Bhan Goyal | Independent Director |
| Girish Kumar Chadha | Independent Director |
| Pankaj Bhalla | Independent Director |
Punjab Carbonic Book Running Lead Manager
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Punjab Carbonic Registrar to the Offer
KFin Technologies Limited
punjabcarbonic.ipo@kfintech.com
Punjab Carbonic Strengths
Integrated operating model
Carbon capture technologies enable a circular economy by converting CO2 emissions into valuable products for industrial and commercial use. The company’s integrated model spans CO2 recovery, processing, logistics, and turnkey plant solutions, enabling clients to reduce emissions, improve efficiency, and adopt sustainable practices globally
Engineering & technical capabilities
The company provides turnkey project engineering services for CO2 recovery units, covering design, supply, installation, and commissioning. Its growing revenues from this segment reflect strong technical capabilities and increasing demand for end-to-end solutions
Diverse customer base
The company serves a diversified customer base across industries such as F&B, automotive, chemicals, healthcare, and aviation. Its CO2 products are used in essential applications including beverage carbonation, welding, fertilizers, and industrial processes
Punjab Carbonic Risks
Expansion delay risks
The company’s capital-intensive operations require significant funding for infrastructure, equipment, and expansion initiatives. Any inability to secure adequate financing may adversely impact its growth, operations, and financial performance
Depend on essential utilities
The company’s operations depend on uninterrupted supply of utilities such as electricity, fuel, and water, and any disruption or cost increase may impact performance. Dependence on third-party facilities for these utilities further limits control and may adversely affect operations and financial condition
Regulatory risks
The company must adhere to stringent quality standards for its products, and any failure to meet these may result in order cancellations and loss of customers. Compliance with regulatory and customer-specific requirements is critical to maintaining product quality, repeat business, and operational credibility
IPO FAQs
The promoters of the company are Davinder Singh Kohli, Amrit Paul Singh Kohli, Jatinder Kaur Kohli and Inder Pal Kaur Kohli.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.