Bharat PET Limited Files DRHP with SEBI for ₹760 Crore IPO

Bharat PET Limited, an integrated packaging solutions provider, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), initiating the process for its proposed initial public offering (IPO). As per the DRHP filed on March 25, 2026, the Bharat PET IPO will be a book-building issue aggregating up to ₹760 crore, comprising a fresh issue of equity shares of up to ₹120 crore and an offer for sale (OFS) of shares up to ₹640 crore by promoter selling shareholders - Deepak Gupta, Ankur Gupta, Rahul Gupta, Sonu Gupta, Stuti Gupta, Ruchi Gupta, Mitali Gupta, and Santosh Devi Gupta.

Bharat PET Limited is engaged in the manufacturing of rigid packaging products, catering primarily to industries such as agrochemicals, with a diversified product portfolio.

Bharat PET IPO - Issue Details

• Issue Type: Book-built issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹760 crore
• Fresh Issue: Up to ₹120 crore
• Offer for Sale (OFS): Up to ₹640 crore by promoter selling shareholders
• Face Value: ₹10 per equity share 
• Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE. The price band and bid lot will be decided in consultation with the book-running lead managers.
• Book Running Lead Managers: Equirus Capital Private Limited and Ambit Private Limited
• Registrar: KFin Technologies Limited

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Utilisation of Offer Proceeds

The Company proposes to utilise the Net Proceeds from the fresh issue towards:

• Repayment or prepayment, in full or in part, of all or a portion of certain outstanding borrowings availed by the Company.
• Funding of capital expenditure towards purchase of machinery and equipment by the Company.
• General corporate purposes.

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About Bharat PET Limited

Bharat PET Limited is a Delhi-based packaging company incorporated in 1998, engaged in manufacturing a wide range of rigid packaging products. Its portfolio includes PET bottles and jars, preforms, caps and closures, multi-layer co-extruded bottles, and tin containers.

It caters to a diverse customer base of over 1,500 clients, including companies such as Tata Consumer Products, Dhanuka Agritech, PI Industries, and India Pesticides. Bharat PET operates four manufacturing facilities located in Delhi, Sonipat, Ankleshwar, and Jammu, with a total installed capacity of over 18,000 MTPA as of September 2025.

Financially, the company reported revenue from operations of ₹411.82 crore in FY2025, along with a profit after tax (PAT) of ₹50.99 crore, indicating healthy profitability and scale in its operations.

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