Bharat Pet Files Draft Papers for ₹760-Crore Initial Public Offering

Bharat Pet Files Draft IPO Document with SEBI to Raise Up to Rs 760 Crore

Key Highlights:

• Bharat Pet, a New Delhi-based packaging solutions provider, has filed a draft document with Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO) worth up to Rs 760 crore.
• The company plans to raise Rs 120 crore through a fresh issue of shares, while its promoters will sell shares worth Rs 640 crore in an offer-for-sale (OFS).

Company Overview:

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• Bharat Pet operates four manufacturing facilities in Delhi, Haryana, Gujarat, and Jammu, catering to various industries including agrochemical, food and beverages, pharmaceutical, paint, and industrial chemical and liquor.
• The company serves prominent customers such as Tata Consumer Products, Daawat Foods, and Dhanuka Agritech, among others.

IPO Details:

• Equirus Capital and Ambit have been appointed as the book running lead managers for the Bharat Pet IPO.
• The company may consider raising up to Rs 24 crore in a pre-IPO round, which is a part of the fresh issue component.
• The proceeds from the fresh issue will be used for repayment of borrowings (Rs 50 crore), purchase of machinery and equipment (Rs 35.8 crore), and general corporate purposes.

Financial Performance:

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• Bharat Pet recorded a profit of Rs 36.7 crore in the year ended March 2025, registering a 30.6% growth over the previous year.
• The company's revenue from operations increased by 27% to Rs 332.9 crore in the same period, compared to Rs 262.1 crore in the previous year.
• For the six months period ended September 2025, the company's profit was Rs 33.3 crore on revenue of Rs 226.8 crore.