Bharat PET Files Draft Papers with SEBI for ₹760 Crore Initial Public Offering

Bharat PET Limited Files Draft Red Herring Prospectus for ₹760 Crore IPO

Key Highlights

• Bharat PET Limited has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO).
• The company's public offering at a face value of ₹10 per equity share totals ₹760 crore, including a fresh equity share issue of ₹120 crore and an offer for sale (OFS) of equity shares worth ₹640 crore by promoter selling shareholders.

IPO Details

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• The IPO includes a pre-IPO placement of specified securities totaling up to ₹24 crore, subject to applicable laws.
• Equirus Capital Private Limited and Ambit Private Limited serve as the Book Running Lead Managers (BRLM) for the offering.
• The net proceeds from the new issue will be used to:
  • Repay borrowings of ₹50 crore in whole or in part.
  • Finance capital expenditures for acquiring machinery and equipment totaling ₹35.8 crore.
  • Utilize for various corporate purposes.

Company Overview

• Bharat PET Limited was incorporated in 1998 and has evolved from a regional manufacturer into an integrated packaging solutions provider, guided by the late Subhash Gupta and Satya Narain Gupta.
• The company manufactures a diversified portfolio of rigid packaging products, including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers.
• Bharat PET Limited has a strong presence in the agrochemical segment, holding around 11% market share in India, according to a CARE report.

Financial Performance

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• As of September 30, 2025, the company provides a diverse array of packaging solutions customized to meet the various needs of customers, backed by integrated manufacturing and in-house design and tooling capabilities.
• Bharat PET Limited has achieved a revenue of ₹411.82 crore in FY25, boasting EBITDA margins of 21.35% and PAT margins of 16.90%, reflecting robust profitability and growth.
• The company has created over 500 moulds and caters to more than 1,500 clients, with repeat customers accounting for approximately 91% of revenue, indicating strong partnerships.