Petro Carbon and Chemicals Ltd. has announced public offering of 6617600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 161.00 per share. The gross proceeds of the issue are expected to be Rs 11,316.10 lakhs.

The company's initial public offer (IPO) will open on 25 June 2024 and is expected to close on 27 June 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 162.00-171.00 per share.

The IPO includes a fresh Issue of 6617600 Equity Shares of the Company at an price of Rs 171.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 800 shares with bids in multiples of 800.

Petro Carbon and Chemicals Ltd. anticipates using the proceeds of the issue for .

GYR CAPITAL ADVISORS PRIVATE LIMITED as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.