Bharat PET Files DRHP with SEBI for ₹760 Crore Public Offer Bharat PET Ltd, an integrated packaging solutions provider, has submitted its draft red herring prospectus (DRHP) to the Securities and Exchange Board of India (SEBI) to raise ₹760 crore through an initial public offering (IPO). The proposed share sale includes a fresh issue of ₹120 crore and an offer-for-sale (OFS) component of ₹640 crore. The OFS will involve the sale of stakes by promoters Deepak Gupta, Rahul Gupta, Ankur Gupta, Stuti Gupta, Sonu Gupta, Mitali Gupta, Ruchi Gupta, and Santosh Devi Gupta. The funds raised will be allocated to debt repayment, machinery and equipment procurement, and general corporate purposes. According to the DRHP, the company anticipates benefits from the equity listing, including enhanced visibility, improved brand image, and creating a public market for its shares in India. Established in 1998, Bharat PET specializes in manufacturing packaging solutions such as PET bottles, jars, multi-layer co-extruded bottles, caps, closures, preforms, and tin containers. The company primarily targets the agrochemical industry, holding an estimated 11% market share in India’s agrochemical packaging sector. As of September 2025, it operated over 500 moulds and served more than 1,500 customers across industries. Key clients include Dhanuka Agritech Ltd, Tata Consumer Products Ltd, PI Industries Ltd, Safex Chemicals India Ltd, and India Pesticides Ltd. Bharat PET’s manufacturing facilities are located in Delhi, Ankleshwar, Jammu, and Sonipat, with a total installed capacity of 18,110.53 MTPA as of September 2025. In the financial year 2024-25, the company reported revenue from operations of ₹411.82 crore and a profit after tax of ₹50.99 crore.#sebi #bharat_pet #deepak_gupta #rahul_gupta #ankur_gupta
