PUNJAB CARBONIC LIMITED Files DRHP With SEBI, NSE and BSE.

The Company’s Objects of the Offer comprises of (i) 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 (“Proposed CRUs”); (ii) Funding capital expenditure requirements of our Company towards purchase of CO2 transportation tankers to strengthen existing logistic infrastructure for CO2 vertical; (iii) Investment in our 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 (“Proposed Expansion”); (iv) Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company; and (v) General Corporate Purposes. 

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager (“BRLM”) to the Offer & KFin Technologies Limited as the Registrar to the Offer.

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