Bharat PET has filed draft papers with SEBI to raise ₹760 crore via IPO, comprising a ₹120 crore fresh issue and ₹640 crore offer for sale by promoters.

Packaging firm Bharat PET files DRHP with SEBI for ₹760 crore IPO

Bharat PET has filed draft papers with SEBI to raise ₹760 crore via IPO, comprising a ₹120 crore fresh issue and ₹640 crore offer for sale by promoters.

By CNBCTV18.com

Integrated packaging solutions provider Bharat PET Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise ₹760 crore through an initial public offering.

The proposed IPO comprises a fresh issue of equity shares worth up to ₹120 crore and an offer for sale (OFS) of up to ₹640 crore by promoters. The company may also consider a pre-IPO placement of up to ₹24 crore, which would reduce the size of the fresh issue.

Proceeds from the fresh issue will be used towards repayment of borrowings worth ₹50 crore and purchase of machinery and equipment amounting to ₹35.8 crore, with the remainder earmarked for general corporate purposes.

Incorporated in 1998, Bharat PET manufactures a range of rigid packaging products, including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers. The company primarily caters to the agrochemical industry and holds an estimated 11% market share in the segment, according to a CARE report.

As of September 30, 2025, Bharat PET had over 500 moulds and served more than 1,500 customers. It operates four manufacturing facilities across Delhi, Sonipat, Ankleshwar and Jammu, with a total installed capacity of 18,110.53 MTPA.

For FY25, the company reported revenue of ₹411.82 crore and a profit after tax of ₹50.99 crore. Equirus Capital and Ambit are the book-running lead managers to the issue.

(Edited by : Sheersh Kapoor )