Bharat PET Limited has received approval from SEBI for its proposed initial public offering (IPO) to raise ₹760 crore. According to reports from LiveMint, the offering comprises a fresh issue of ₹120 crore and an offer for sale (OFS) of ₹640 crore, involving selling shareholders. The selling shareholders in the OFS include promoter selling shareholders Deepak Gupta, Ankur Gupta, Rahul Gupta, Sonu Gupta, Stuti Gupta, Ruchi Gupta, Mitali Gupta and Santosh Devi Gupta.
As reported by LiveMint, the company proposes to use the net proceeds from the fresh issue towards the repayment or prepayment of borrowings, amounting to ₹50 crore; funding capital expenditure towards the purchase of machinery and equipment amounting to ₹35.8 crore; and general corporate purposes. Additionally, in consultation with the book-running lead managers, the company may consider a pre-IPO placement of specified securities aggregating up to ₹24 crore, as permitted under applicable law.
According to the exchange filing, Bharat PET Limited, incorporated in 1998, is engaged in manufacturing a diversified SKU portfolio of rigid packaging products across multiple container formats and sizes, including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers. The company serves a diversified customer base of over 1,500 customers across industries, with marquee clients including Tata Consumer Products Limited, Dhanuka Agritech Limited, PI Industries Limited, India Pesticides Limited and Safex Chemicals India Limited. As per the DRHP, the company competes with listed peers such as Mold-Tek Packaging, Shaily Engineering Plastics and Time Technoplast.
As reported by LiveMint, the company posted revenue of ₹411.82 crore in fiscal 2025 and ₹274.90 crore for the six months ended September 30, 2025. Profitability remained strong, with pro forma EBITDA of ₹87.93 crore in Fiscal 2025 and ₹71.37 crore in the six-month period, translating into EBITDA margins of 21.35% and 25.96%, respectively. Pro forma profit after tax stood at ₹50.99 crore in fiscal 2025 and ₹48.12 crore in the latest six-month period, with PAT margins improving to 16.90%.
According to the exchange filing, the company operates four manufacturing facilities with a pro forma installed capacity of 33,401 MTPA and recorded a total sales volume of 19,891 MTPA in Fiscal 2025, underscoring its scale and ability to cater to growing demand across end-use industries. Equirus Capital Private Limited and Ambit Private Limited are the book-running lead managers to the issue.
