Bharat Pet IPO

Bharat Pet IPO is a book-built issue worth ₹760.00 crore. The IPO consists of a fresh issue of shares worth ₹120.00 crore and an offer for sale (OFS) of shares worth ₹640.00 crore.

Equirus Capital Limited and Ambit Private Limited are the book-running lead managers to the issue, while KFin Technologies Limited is the registrar. The equity shares are proposed to be listed on BSE and NSE. The IPO dates, price band and lot size are yet to be announced. For detailed information on the company's financials, business operations and associated risks, investors are advised to refer to the Bharat Pet IPO DRHP.

About Bharat Pet Limited

Bharat PET Limited was incorporated as a public limited company on January 23, 1998, under the Companies Act, 1956 and commenced operations on February 20, 1998. The company is headquartered in New Delhi and is promoted by Deepak Gupta, Ankur Gupta and Rahul Gupta.

The company is engaged in the manufacturing of rigid plastic and metal packaging products, catering to a diverse range of industries including agrochemicals, food and beverages, pharmaceuticals, paints and industrial chemicals, and Indian Made Foreign Liquor (IMFL). Its product portfolio includes PET bottles and jars, multi-layer co-extrusion (Co-Ex) bottles, PET preforms, tin containers, caps and closures.

Bharat PET operates 4 manufacturing facilities located in Sonipat (Haryana), Delhi, Ankleshwar (Gujarat) and Jammu through its subsidiary, BPL Lifescience Private Limited. As of September 30, 2025, the company had an installed manufacturing capacity of 39,262.75 MTPA and offered over 4,263 SKUs supported by more than 500 moulds.

The company has built longstanding relationships with several marquee customers, including Tata Consumer Products Limited, Daawat Foods Limited, Dhanuka Agritech Limited, PI Industries Limited and India Pesticides Limited. Agrochemicals constitute its largest end-user segment, contributing a significant share of revenue.

Bharat PET’s growth strategy focuses on expanding manufacturing capacity, increasing its product portfolio, strengthening its customer base, enhancing operational efficiency, and expanding its geographical footprint across India. The company also leverages in-house mould design and tooling capabilities to provide customised packaging solutions and improve turnaround times for customers.

Industry Outlook

• India’s rigid plastic packaging industry continues to benefit from rising demand across agrochemicals, food and beverages, pharmaceuticals, paints and industrial chemicals, supported by increasing consumption and industrial growth.
• The packaging industry is witnessing a structural shift from the unorganised sector towards organised manufacturers, creating opportunities for established players with strong manufacturing capabilities and compliance standards.
• Demand for PET bottles, jars and specialised packaging solutions is increasing due to their lightweight nature, cost efficiency, durability and ease of transportation compared with alternative packaging materials.
• Growing premiumisation across consumer products is driving demand for high-quality and customised packaging formats, including multi-layer co-extrusion bottles and specialised containers.
• Technology adoption, automation, lightweight packaging solutions and manufacturing efficiencies are emerging as key competitive differentiators within the Indian packaging sector.
• The industry is witnessing increased focus on sustainability, recycling initiatives and regulatory compliance related to plastic waste management, encouraging innovation in packaging solutions.
• Growth in agrochemicals, food processing, pharmaceuticals and IMFL industries is expected to support long-term demand for rigid plastic and metal packaging products across India.

Bharat Pet IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by the company.
• Funding capital expenditure towards the purchase of machinery and equipment for existing manufacturing facilities.
• Strengthening manufacturing capabilities through capacity expansion initiatives.
• Supporting the introduction of new SKUs and expanding the company’s packaging product portfolio.
• Enhancing operational efficiency through investment in modern manufacturing infrastructure and equipment.
• Supporting future business growth and market expansion initiatives.
• Meeting general corporate purposes and strategic business requirements.

Financial Performance of Bharat Pet Limited

Faith Industries Limited Peer Details Comparison

Strengths and Opportunities of Bharat Pet IPO

1. Diversified product portfolio comprising PET bottles and jars, Co-Ex bottles, PET preforms, tin containers, caps and closures.
2. Strong presence in the agrochemical packaging segment, where the company enjoys a meaningful market position.
3. Long-standing relationships with several marquee customers across multiple industries.
4. Extensive manufacturing footprint with 4 strategically located production facilities across India.
5. Large SKU portfolio supported by over 500 moulds and in-house tooling capabilities.
6. Strong financial performance with improving profitability, supported by healthy EBITDA margins and return ratios.
7. Ability to provide customised packaging solutions and rapid mould development for customers.
8. Expansion through acquisitions, including BPL Lifescience, which has strengthened manufacturing capabilities and market reach.
9. Capacity expansion plans and increasing focus on operational efficiency provide opportunities for future growth.

Risks and Threats of Bharat Pet IPO

1. Significant dependence on the agrochemical industry, which contributes a major share of the company’s revenue.
2. Dependence on a limited group of suppliers for key raw materials such as PET resin, EVOH, HDPE and tin plates.
3. Absence of long-term supply agreements exposes the company to raw material price volatility and supply disruptions.
4. A significant portion of revenue is derived from repeat orders and major customers, creating customer concentration risk.
5. High working capital requirements and substantial trade receivables may impact liquidity and cash flows.
6. Dependence on third-party logistics providers for transportation and delivery of products.
7. Increasing environmental regulations relating to plastic packaging and waste management may increase compliance costs.
8. Manufacturing operations are exposed to risks such as machinery breakdowns, power disruptions, labour issues and facility shutdowns.
9. The IPO includes a relatively large Offer for Sale component, meaning a major portion of the issue proceeds will go to existing shareholders rather than directly to the company.

Bharat Pet IPO Reservation

Bharat Pet IPO Promoter Holding

The promoters of the company are Deepak Gupta, Ankur Gupta and Rahul Gupta.

Bharat Pet IPO Prospectus

• Bharat Pet IPO DRHP

Bharat Pet IPO Registrar and Lead Managers

Bharat Pet IPO Lead Managers

• Equirus Capital Limited
• Ambit Private Limited

Registrar for Bharat Pet IPO

KFin Technologies Limited

• Contact Number: 040-79615565
• Email Address: ipo@ambit.co

Bharat Pet IPO Registrar

How To Apply for Bharat Pet IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Bharat Pet IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Bharat Pet IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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Contact Details of Bharat Pet IPO

Registered Office: Plot No. I-12, Second Floor, DSIDC Industrial Complex, Rohtak Road Nangloi, New Delhi, New Delhi, 110041.

Phone: 011 4700 3321

E-mail: cs@bpl.net.in