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

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.