GNI Infrastructure, Atomberg Technologies Among Four Companies to Receive SEBI Nod for IPOs

Four companies, GNI Infrastructure, Atomberg Technologies, Punjab Carbonic and Ratnadeep Retail, have received approval from the Securities and Exchange Board of India (SEBI) to proceed with their proposed initial public offerings (IPOs). SEBI issued its observation letters to Ratnadeep Retail on October 27, Punjab Carbonic on October 29, and GNI Infrastructure and Atomberg Technologies on October 30, 2026.

The companies operate across different sectors, including road infrastructure, consumer appliances, carbon capture and industrial gas solutions, and organised food and grocery retail, respectively.

GNI Infrastructure IPO - Issue Details

• Issue Type: Book-Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to 3.04 crore equity shares
• Fresh Issue: Up to 2.10 crore equity shares
• Offer for Sale (OFS): Up to 93.88 lakh equity shares
• Face Value: ₹10 per share
• Listing: BSE, NSE
• Book Building Lead Managers: SMC Capitals Limited, Marwadi Chandarana Intermediaries Brokers Private Limited
• Registrar: KFin Technologies Limited

Utilisation of GNI Infrastructure IPO Proceeds

The Company proposes to utilise the net proceeds from the Fresh Issue towards the following purposes:

• Funding of working capital requirements 
• General corporate purposes.

About GNI Infrastructure Limited

Established in 1980, GNI Infrastructure Limited has over four decades of experience in road infrastructure projects across Maharashtra. Its core activities include the construction, widening, upgradation, repair and maintenance of roads and highways, primarily through EPC and item-rate contracts.

The company has also diversified into solid waste management through biomining of legacy waste. Additionally, it undertakes projects under the Hybrid Annuity Model (HAM) through its subsidiary, MCGN Roadways LLP, and project-specific joint ventures.

Key Financial Information

Atomberg Technologies IPO - Issue Details

• Issue Type: Book-Built Issue (Fresh Issue + OFS)
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹450.00 crore
• Offer for Sale (OFS): Up to 7.65 crore equity shares
• Face Value: ₹10 per equity share
• Listing: BSE, NSE
• Book Running Lead Managers: ICICI Securities Limited, Avendus Capital Private Limited, IIFL Capital Services Limited
• Registrar: MUFG Intime India Private Limited

Utilisation of Atomberg Technologies Limited IPO Proceeds

The Company proposes to utilise the net proceeds from the Fresh Issue towards the following purposes:

• Repayment / prepayment, in full or in part, of certain borrowings availed by the company 
• Brand awareness and performance marketing activities
• Investment in research and development
• General corporate purposes.

Check out newly Listed IPOs on BSE and NSE.

About Atomberg Technologies Limited

Atomberg Technologies Limited founded in 2012 at IIT Bombay, is an R&D-led consumer technology brand focused on developing premium appliances through proprietary engineering and product innovation. Its product portfolio leverages in-house BLDC motor and electronics technology, with a focus on energy efficiency, smart features and improved consumer experience.

As of March 31, 2026, the company had 254 engineers, accounting for 25.32% of its permanent workforce, and spent ₹867.89 million on R&D during FY26, representing 6.71% of its revenue. According to the Redseer Report, it held a 46.08% share of India's premium fans segment by sales value in FY26 and recorded the lowest failure rate for its next-generation BLDC ceiling fans among scaled consumer appliance companies.

Key Financial Highlights 

Punjab Carbonic IPO - Issue Details

• Issue Type:  Book-Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to 95.00 lakh equity shares
• Fresh Issue: Up to 60.00 lakh equity shares
• Offer for Sale (OFS): Up to 35.00 lakh equity shares
• Face Value: ₹10 per equity share
• Listing: BSE, NSE
• Book Running Lead Managers: Beeline Capital Advisors Private Limited
• Registrar: KFin Technologies Limited

Utilisation of Punjab Carbonic Limited IPO Proceeds

The Company proposes to utilise the net proceeds from the Fresh Issue towards the following purposes:

• 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”)
• Funding capital expenditure requirements of the company towards purchase of CO2 transportation tankers to strengthen existing logistic infrastructure for CO2 vertical.
• Investment in its 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”)
• Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by the company
• General corporate purposes.

Check out newly Listed IPOs on BSE and NSE.

About Punjab Carbonic Limited

Incorporated in 1992, Punjab Carbonic Limited is an integrated carbon capture and utilisation (CCU) and industrial gas solutions provider with over three decades of operating experience. It manufactures, recovers, supplies and distributes liquid CO₂ and dry ice, and designs and sets up CO₂ recovery units in distilleries. With an installed capacity of 259,200 metric tonnes annually as of March 31, 2025, it serves industries such as food and beverages, automobiles, chemicals, healthcare and pharmaceuticals across India. It has also entered fuel-grade ethanol manufacturing through its subsidiary, Pancarbo Greenfuels Private Limited.

The company operates 17 CO₂ recovery units across India, including nine under the Build-Own-Operate model and eight under an asset-light model. Its operations are supported by a fleet of 55 self-owned CO₂ transportation tankers, strengthening its distribution network.

Key Financial Highlights 

Ratnadeep Retail IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: To be announced
• Fresh Issue: Up to ₹400.00 crore
• Offer for Sale (OFS): Up to 1.49 crore equity shares
• Face Value: ₹1 per equity share
• Listing: BSE, NSE
• Book Building Lead Managers: Axis Capital Limited, Motilal Oswal Investment Advisors Limited, DAM Capital Advisors Limited
• Registrar: KFin Technologies Limited

About Ratnadeep Retail Limited

Incorporated in 2019, Ratnadeep Retail Limited is an organised retail chain focused on food, grocery and fashion, with a presence across Andhra Pradesh, Telangana and Karnataka. Its product portfolio includes over 30,000 SKUs across fresh produce, staples, FMCG, general merchandise and apparel. As of March 31, 2026, it operated 190 stores across 20 cities under the Ratnadeep and National Mart formats, with a combined retail area of 1.21 million sq. ft.

The company also operates RD Click, an online ordering and home delivery platform serving eight cities in South India. Its integrated sourcing, supply chain and retail operations, along with its established regional presence, support its position in the organised food and grocery retail market.

Key Financial Information

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here.