Upcoming IPO: Bharat PET Files DRHP with SEBI to Raise ₹760 Crore via Public Issue

Bharat PET Ltd, an integrated packaging solutions company, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India, aiming to raise ₹760 crore through an initial public offering (IPO). The IPO is being managed by Equirus Capital and Ambit, acting as the book-running lead managers.

Bharat PET IPO Structure

The proposed Bharat PET IPO structure includes a fresh issue of equity shares worth up to ₹120 crore, alongside an offer for sale (OFS) of up to ₹640 crore by existing promoters. Additionally, the company may opt for a pre-IPO placement of up to ₹24 crore, which would proportionately reduce the size of the fresh issue component.

Use of IPO Proceeds

The funds raised from the fresh issue are planned to be deployed primarily towards debt reduction, with ₹50 crore allocated for repayment of borrowings, and ₹35.8 crore earmarked for the acquisition of machinery and equipment. The remaining proceeds will be used for general corporate purposes.

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About Bharat PET Limited

Established in 1998, Bharat PET specializes in manufacturing rigid packaging solutions such as PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, as well as tin containers. Its core customer base lies within the agrochemical sector, where it commands an estimated market share of around 11%, according to a CARE report.

As of September 30, 2025, the company had a portfolio of over 500 moulds and catered to more than 1,500 clients. It operates four manufacturing units located in Delhi, Sonipat, Ankleshwar, and Jammu, with a combined installed capacity of 18,110.53 MTPA. For FY25, Bharat PET reported a revenue of ₹411.82 crore and a profit after tax of ₹50.99 crore. 

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