Bharat PET IPO: Top 5 Things You Should Know

Mumbai | 27 March 2026

Bharat PET Limited has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India for a ₹760 crore initial public offering. Promoter shareholders account for ₹640 crore of the total issue size through an offer for sale, with the company raising ₹120 crore via a fresh equity issue. The equity shares are proposed to be listed on BSE and NSE.

What is the Bharat PET IPO?

The ₹760 crore offering consists of a fresh equity issue of ₹120 crore and an Offer For Sale (OFS) of ₹640 crore by promoter selling shareholders, at a face value of ₹10 per share. The total issue comprises 12,00,06,400 equity shares. Pre-issue promoter holding stands at 77.76%.

Equirus Capital Private Limited and Ambit Private Limited are the book running lead managers. Kfin Technologies Limited is the registrar for the issue. IPO dates, price band, and IPO lot size are yet to be announced.

How will Bharat PET use the IPO proceeds?

The ₹120 crore fresh issue proceeds are allocated across three uses: repayment of borrowings amounting to ₹50 crore, capital expenditure on machinery and equipment of ₹35.87 crore, and the remainder for general corporate purposes. The ₹640 crore OFS proceeds go directly to the promoter selling shareholders.

What does Bharat PET do?

Founded in 1998, Bharat PET manufactures rigid packaging products including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers. These products serve industries including agrochemicals, food and beverages, pharmaceuticals, paints, industrial chemicals, and liquor.

The company holds approximately 11% market share in India’s agrochemical packaging segment, according to a CARE report. It operates four manufacturing facilities in Delhi, Sonipat, Ankleshwar, and Jammu, with a combined installed capacity of 18,110.53 MTPA and a workforce of 346 employees as of 28 February 2026.

How strong is customer retention?

Bharat PET serves more than 1,500 customers across sectors. Repeat customers account for approximately 91% of revenue. Its client base includes Tata Consumer Products, PI Industries, Dhanuka Agritech, and India Pesticides. The company has developed over 500 moulds and delivers them within 48 hours through in-house rapid prototyping capabilities.

What do the financials show?

In FY25, Bharat PET reported total income of ₹334.10 crore, EBITDA of ₹64.31 crore, an EBITDA margin of 19.32%, and profit after tax of ₹36.77 crore, reflecting a PAT margin of 11.00%. Investors should read the full DRHP, including financial statements, liabilities, and risk factors, before making any investment decision.

Outlook

The DRHP is currently under SEBI review. IPO dates, price band, and lot size will be confirmed following SEBI observations. A pre-IPO placement of up to ₹24 crore, if executed, may reduce the fresh issue size accordingly.

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