Bharat PET IPO: Company Files DRHP with SEBI to Raise ₹760 Crore

Bharat PET Limited, a company specializing in integrated packaging solutions, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to launch an initial public offering (IPO) worth ₹760 crore.

The proposed IPO consists of a fresh issue of equity shares worth ₹120 crore along with an offer for sale (OFS) of ₹640 crore by existing promoters. Additionally, the company may consider raising up to ₹24 crore through a pre-IPO placement, which would reduce the size of the fresh issue accordingly.

Fund Utilisation

Bharat PET plans to use the proceeds from the fresh issue for multiple purposes, including:

• Repayment of borrowings (₹50 crore)
• Capital expenditure on machinery and equipment (₹35.8 crore)
• General corporate purposes

Business Overview

Founded in 1998, Bharat PET manufactures a wide range of rigid packaging products such as PET bottles, jars, preforms, caps, closures, and tin containers. The company primarily caters to the agrochemical sector but also serves industries like food, beverages, pharmaceuticals, and chemicals.

It operates multiple manufacturing facilities across India and has built a strong client base, including well-known companies in the agrochemical and consumer sectors.

Financial Performance

For FY2025, the company reported revenue of over ₹400 crore and a net profit of around ₹50 crore, reflecting steady growth in operations and demand for packaging solutions.