-1774509946019_m.webp)
IPO in 2026: Bharat PET Ltd, an Integrated packaging solutions provider, has taken a step toward going public, filing draft papers with the markets regulator, Sebi, to raise Rs 760 crore through an initial public offering (IPO). According to the draft red herring prospectus (DRHP) filed on Wednesday, the proposed initial share sale is a combination of fresh issue of up to Rs. 120 crore of consolidated equity shares and an offer for sale (OFS) of up to Rs. 640 crore by the promoters.
The company may also consider a pre-IPO placement of up to Rs. 24 crore of consolidated securities, which is likely to reduce the size of the fresh issue.
Use of funds
The funds raised through the fresh issue will be used for repayment of debt, Rs. 35.8 crore for purchase of machinery and equipment, and some part for general corporate purposes.
About Bharat PET
Established in 1998, Bharat PET is engaged in manufacturing a wide 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 serves the agrochemical industry. Furthermore, the company holds a market share of around 11 per cent in the agrochemical packaging sector in India, according to a CARE report.
As of September 30, 2025, the company had over 500 moulds and served over 1,500 customers from various industries, including Tata Consumer Products Limited, Dhanuka Agritech Limited, PI Industries Limited, India Pesticides Limited, and Safex Chemicals India Limited.
Bharat PET operates four manufacturing plants at Delhi, Shonipat, Ankleshwar and Jammu. As of September 30, 2025, its total installed capacity was 18,110.53 MTPA.
On the financial side, the company has generated revenue from operations of Rs. 411.82 crore in FY2025 and profit after tax (PAT) of Rs. 50.99 crores in the same period.
Equirus Capital and Ambit are the lead managers running the book for the offering.