Punjab Carbonic IPO, Open Date, Issue Size, Price Band and DRHP Filed

Punjab Carbonic Limited, a company engaged in carbon dioxide and related industrial gas solutions, has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its upcoming Initial Public Offering (IPO). The Punjab Carbonic IPO has attracted attention among investors tracking upcoming SME IPOs in India, particularly in the industrial gases and specialty chemicals segment.

The company operates in a sector linked to ethanol, carbon capture utilization (CCU), and industrial gas supply, making the Punjab Carbonic IPO relevant in the evolving industrial ecosystem.

Punjab Carbonic IPO Details in Brief

Punjab Carbonic IPO Date

Current Status: DRHP Filed with SEBI

Punjab Carbonic Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on March 31, 2026, initiating the IPO process.

Expected Timeline: The IPO is expected within 4–6 months after SEBI approval. The company proposes to list its equity shares on BSE and NSE.

Key Dates to Watch

Punjab Carbonic IPO Size

As per the DRHP, the Punjab Carbonic IPO size consists of a combination of Fresh Issue and Offer for Sale (OFS):

• Fresh Issue: Up to 60,00,000 equity shares of face value ₹10 each
• Offer for Sale (OFS): Up to 35,00,000 equity shares
• Total Offer Size: Up to 95,00,000 equity shares

Punjab Carbonic IPO Price Band

Price Band: To be announced

The Punjab Carbonic IPO price band and minimum bid lot will be disclosed in the Red Herring Prospectus (RHP). The issue will follow a 100% book-building process, with pricing determined based on investor demand.

About Punjab Carbonic IPO

Punjab Carbonic Limited is an Indian carbon dioxide recovery and industrial gas company, incorporated in 1992. It focuses on the manufacturing, recovery, supply, and distribution of high-purity liquid CO2, dry ice, and CO2 recovery plant solutions for industries that need consistent gas quality and dependable delivery.

The company’s work combines production, engineering, logistics, and quality control, with operations built around sustainable use of industrial emissions and cleaner gas processing. Punjab Carbonic Limited says its products serve sectors such as food processing, beverages, pharmaceuticals, chemicals, airline catering, and energy, and it also supports CO2 recovery unit installation and project execution. Its official site notes a nationwide supply network, company-owned tanker fleet, and high-purity output designed to meet strict industry standards.

Business Highlights:

• Sector: Industrial Gases / Carbon Dioxide

• Core Business: Carbon dioxide production and related applications

• Industry Linkage: Ethanol and carbon capture utilization (CCU)

Punjab Carbonic IPO Objectives

As per the DRHP, the net proceeds from the Punjab Carbonic IPO are proposed to be utilized for:

• Purchase of plant and machinery
• Capital expenditure requirements
• General corporate purposes

Punjab Carbonic Consolidated Financials

(Amount in ₹ Cr)

(Detailed financial statements are available in the Financial Information section starting on page 325 of the DRHP.)

Conclusion

The Punjab Carbonic IPO represents a development in the SME IPO segment in India, particularly within the industrial gases and carbon-related applications space.

The company’s operations in carbon dioxide and industrial gas solutions place it within sectors linked to manufacturing and environmental technologies. Investors may evaluate factors such as financial performance, industry demand, and execution capability once further details are disclosed.

As SEBI’s review progresses, more clarity on the Punjab Carbonic IPO date, price band, and valuation is expected.

For investors tracking SME IPOs in India, industrial gas company IPOs, and upcoming IPOs in 2026, the Punjab Carbonic IPO remains among the IPOs to watch.

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