New Delhi, March 26 Bharat PET Ltd, a provider of integrated packaging solutions, has filed its draft papers with the markets regulator, Sebi, to raise ₹760 crore through an initial public offering (IPO).
The proposed IPO includes a fresh issuance of equity shares worth up to ₹120 crore and an offer for sale (OFS) of shares worth up to ₹640 crore by promoters, according to the Draft Red Herring Prospectus (DRHP) filed on Wednesday.
The company may also consider a pre-IPO placement of securities worth up to ₹24 crore. If undertaken, the size of the fresh issue will be adjusted accordingly.
The proceeds from the fresh issue, amounting to ₹50 crore, will be used for debt repayment, ₹35.8 crore for the purchase of machinery and equipment, and a portion will be used for general corporate purposes.
Incorporated in 1998, Bharat PET manufactures a diversified range of rigid packaging products, including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers.
The company primarily caters to the agrochemical industry and has an estimated market share of around 11% in India's agrochemical packaging segment, according to a CARE report.
As of September 30, 2025, the company has over 500 moulds and serves more than 1,500 customers across various industries. Its key clients include Tata Consumer Products Ltd, Dhanuka Agritech Ltd, PI Industries Ltd, India Pesticides Ltd, and Safex Chemicals India Ltd, among others.
Bharat PET operates four manufacturing facilities located in Delhi, Sonipat, Ankleshwar, and Jammu, with a total installed capacity of 18,110.53 MTPA as of September 30, 2025.
In terms of financials, the company reported revenue from operations of ₹411.82 crore in FY25 and a profit after tax (PAT) of ₹50.99 crore during the same period.
Equirus Capital and Ambit are the book running lead managers for the IPO.