Upcoming IPO: Bharat PET files DRHP with SEBI for ₹760 crore public offer

Bharat PET IPO: Bharat PET Ltd, an integrated packaging solutions provider, has filed its draft red herring prospectus (DRHP) with markets regulator Securities and Exchange Board of India to raise ₹760 crore via an initial public offering (IPO).

According to the preliminary papers, the proposed initial share sale will be a mix of a fresh issue of shares worth ₹120 crore and an offer for sale (OFS) component of ₹640 crore.

Under the OFS, promoters Deepak Gupta, Rahul Gupta, Ankur Gupta, Stuti Gupta, Sonu Gupta, Mitali Gupta, Ruchi Gupta and Santosh Devi Gupta will sell their stake.

Money raised to the tune of ₹40 will be used for debt repayment, ₹35.8 crore for buying machinery and equipment and general corporate purposes.

"Our company expects to receive the benefits of listing of equity shares on the stock exchanges, including enhancing our visibility and our brand image among our existing and potential customers and creating a public market for our equity shares in India," the DRHP said.

Incorporated in 1998, Bharat PET is a packaging company that manufactures packaging solutions like PET bottles & jars, multi-layer co-extruded bottles, caps & closures, preforms and tin containers.

It majorly focuses on the agrochemical industry as a key growth sector and has an estimated 11% market share in the Indian agrochemical packaging business.

As of September 2025, the company had more than 500 moulds and served over 1,500 customers across industries. Its key clients include Dhanuka Agritech Ltd, Tata Consumer Products Ltd, PI Industries Ltd, Safex Chemicals India Ltd and India Pesticides Ltd, among others.

The company operates four manufacturing units located in Delhi, Ankleshwar, Jammu and Sonipat. It has a total installed capacity of 18,110.53 MTPA as of September 2025.

Bharat PET recorded a revenue from operations of ₹411.82 crore and profit after tax of ₹50.99 crore in the financial year 2024-25.

Equirus Capital and Ambit are the issue's bookrunning lead managers, while KFin Technologies is the registrar.