New Delhi, April 3 -- Punjab Carbonic Limited, an integrated carbon capture & utilisation and industrial gas solutions company, has filed its Draft Red Herring Prospectus dated March 31, 2026, with the Securities and Exchange Board of India, BSE Limited, and National Stock Exchange of India Limited on March 31.

The proposed initial public offering will comprise up to 95,00,000 equity shares of face value of Rs.10 each, consisting of a fresh issue of up to 60,00,000 equity shares and an offer for sale of up to 35,00,000 equity shares.

The company proposes to use the issue proceeds towards the setting up of two CO₂ recovery units at Nellore, Andhra Pradesh, and Peddapuram, Andhra Pradesh, with installed capacities of 120 MTPD and 90...