Bharat Pet Files Draft Papers for ₹760 Crore IPO with SEBI

Bharat Pet, a prominent provider of packaging solutions, has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI to raise approximately ₹760 crore through an Initial Public Offering (IPO). According to the filed documents, the public issue consists of a fresh issue of equity shares worth ₹120 crore and an Offer for Sale (OFS) component of ₹640 crore by existing promoters and shareholders.

IPO Structure and Promoter Participation

The Offer for Sale involves the offloading of shares by eight promoters, including Deepak Gupta, Ankur Gupta, and Rahul Gupta. On top of that, the company is exploring a pre-IPO placement to raise up to ₹24 crore. Should this placement materialize, the size of the fresh issue in the public offering will be reduced accordingly. Equirus Capital and Ambit have been appointed as the book-running lead managers to manage the issue.

Utilization of Issue Proceeds

The company intends to take advantage of the net proceeds from the fresh issue for strategic operational enhancements. Specifically, ₹50 crore has been earmarked for the repayment or prepayment of certain outstanding borrowings. 8 crore will be allocated toward the purchase of new machinery and equipment. The remaining funds are designated for general corporate purposes to support the company's long-term growth objectives.

Manufacturing Footprint and Product Range

Bharat Pet operates four manufacturing facilities located across Delhi, Haryana, Gujarat, and Jammu, while the company specializes in the production of PET bottles and jars, preforms, multi-layer co-extruded bottles, caps, closures, and tin containers. While it maintains a strong focus on the agrochemical sector, its packaging solutions cater to diverse industries including food and beverages, pharmaceuticals, paints, industrial chemicals, and the liquor industry.

Financial Performance and Growth Metrics

The company reported strong financial growth for the fiscal year 2025.2 crore in the previous fiscal year. 1 crore. 3 crore.

Client Portfolio and Market Competition

Bharat Pet serves a prestigious clientele that includes Tata Consumer Products, Daawat Foods, Dhanuka Agritech, PI Industries, and India Pesticides. In the listed space, the company faces competition from established players such as Mold-Tek Packaging, Shaily Engineering Plastics, and Time Technoplast. The company's diversified product offerings and strategic manufacturing locations remain key elements of its market positioning.