Punjab Carbonic Limited, Sadbhav Futuretech Limited, and Bvishal Oil and Energy Limited, have filed their Draft Red Herring Prospectuses (DRHPs) with the Securities and Exchange Board of India (SEBI) on March 31, 2026, indicating their plans to raise capital through initial public offerings (IPOs). These three companies operate across diverse sectors including industrial gases, infrastructure technology, and oil and energy.

While Punjab Carbonic is looking to raise funds to support capacity expansion and business growth, Sadbhav Futuretech aims to strengthen its technology-driven infrastructure offerings. Bvishal Oil and Energy, on the other hand, plans to utilise IPO proceeds to scale its operations in the energy and fuel distribution segment.

Punjab Carbonic IPO - Issue Details

As per the DRHP, Punjab Carbonic IPO will be a book-built issue comprising a mix of fresh issue and offer for sale (OFS).

Total Offer Size: Up to 95,00,000 Equity Shares
Fresh Issue: up to 60,00,000 Equity Shares
Offer for Sale (OFS): Up to 35,00,000 Equity Shares
Face Value: ₹10 per equity share
Proposed Listing: NSE and BSE
Book Running Lead Manager: Beeline Capital Advisors Private Limited
Registrar: KFin Technologies Limited

Utilisation of Offer Proceeds

The company proposes to utilise the net proceeds from the fresh issue towards:

Setting up new manufacturing facilities.
Expansion of production capacity.
Meeting working capital requirements.
General corporate purposes.

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About Punjab Carbonic Limited

Punjab Carbonic Limited is engaged in the production and supply of industrial gases, including carbon dioxide and related products, catering to industries such as beverages, food processing, and manufacturing. The company operates manufacturing facilities and distribution networks to serve a wide customer base across regions.

With increasing demand for industrial gases across sectors, the company is focused on expanding its capacity and strengthening its market presence. Financially, Punjab Carbonic has shown steady growth, supported by rising demand and operational scale.

Sadbhav Futuretech IPO - Issue Details

As per the DRHP, Sadbhav Futuretech IPO will be a book-built issue comprising a combination of fresh issue and offer for sale (OFS).

Fresh Issue: Upto 2.55 crore equity shares
Offer for Sale (OFS): up to ₹235 crore
Face Value: ₹2 per equity share
Proposed Listing: NSE and BSE
Book Running Lead Managers: Beeline Capital Advisors Private Limited
Registrar: Bigshare Services Private Limited

Utilisation of Offer Proceeds

The company proposes to utilise the net proceeds from the fresh issue towards:

Funding working capital requirements.
General corporate purposes.

About Sadbhav Futuretech Limited

Sadbhav Futuretech Limited operates in the infrastructure and technology space, focusing on digital and technology-led solutions for infrastructure development and project execution. The company leverages technology to enhance efficiency, monitoring, and execution across infrastructure projects.

It aims to capitalise on increasing adoption of technology in infrastructure and construction, positioning itself as a modern, tech-enabled player in the sector. The company has been expanding its capabilities and project portfolio in recent years.

Bvishal Oil and Energy IPO - Issue Details

As per the DRHP, Bvishal Oil and Energy IPO will be a book-built issue comprising a mix of fresh issue and offer for sale (OFS).

Total Issue Size: Upto 2.57 crore equity shares
Fresh Issue: Upto 1.8 crore equity shares
Offer for Sale (OFS): Upto 77.09 lakh equity shares
Face Value: ₹10 per equity share
Proposed Listing: NSE and BSE
Book Running Lead Managers: Unistone Capital Private Limited
Registrar: Bigshare Services Private Limited

Utilisation of Offer Proceeds

The company proposes to utilise the net proceeds from the fresh issue towards:

Funding the capital expenditure requirements for the acquisition of machinery and equipment to support the expansion and strengthening of the Company’s operational capabilities.
Funding the working capital requirements of the Company.
General corporate purposes.

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About Bvishal Oil and Energy Limited

Bvishal Oil and Energy Limited operates in the oil and energy sector, focusing on fuel distribution and related infrastructure services. The company caters to industrial and commercial clients, supporting energy requirements across sectors.

With increasing demand for energy and fuel distribution services, the company is focused on expanding its network and improving operational efficiency. Financially, it has demonstrated growth in scale, supported by rising demand and expansion initiatives.

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