| Category | Sub (×) | Offered | Bid For |
|---|---|---|---|
| QIB | — | Not more than 50% of the Offer | — |
| NII / HNI (Total) | — | Not less than 15% of the Offer | — |
| Retail Investors | — | Not less than 35% of the Offer | — |
| Market Maker * | 1× | — | — |
| Total ** | — | — | — |
| Metric | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 281.62 | 490.30 | 137.91 |
| PAT | 26.19 | 26.21 | 6.35 |
| EBITDA | 37.25 | 48.23 | 17.36 |
| Net Worth | — | — | — |
| Total Assets | 315.69 | 312.75 | 287.44 |
| Reserves | — | — | — |
| Borrowings | 156.59 | 168.98 | 161.06 |
Incorporated in 1992, Punjab Carbonic Limited 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 converts fermentation-based CO₂ emissions into high-purity products meeting International Society for Beverage Technologists (ISBT) standards, supporting a circular carbon economy. It also undertakes the design, installation, and operation of CO₂ recovery units (CRUs) within distilleries, along with its subsidiary Punjab Fusion Private Limited.
As of March 31, 2025, the company has an installed capacity of 259,200 metric tonnes per annum and operates 17 CRUs 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.
The company serves a wide range of industries including food & beverages, chemicals, fertilizers, automobiles, healthcare, and aviation, with presence across North, South, West, and Central India, covering over 23 states and union territories. It has also supplied products in international markets such as Sri Lanka, Nepal, Zambia, and Morocco.
Additionally, through its subsidiary Pancarbo Greenfuels Private Limited, the company has entered ethanol manufacturing, producing and supplying fuel-grade ethanol.
As of September 30, 2025, the company had 273 employees.