Bharat PET files ₹760-crore IPO with SEBI. The integrated packaging solutions provider plans a fresh equity issue of ₹120 crore and promoter offer for sale of ₹640 crore. The company, incorporated in 1998, dominates India's agrochemical packaging segment with approximately 11% market share. In FY25, Bharat PET generated ₹411.82 crore in revenue and ₹50.99 crore in profit after tax. Operating four manufacturing facilities across Delhi, Sonipat, Ankleshwar, and Jammu with 18,110.53 MTPA installed capacity, the company serves over 1,500 customers including major clients like Tata Consumer Products and Dhanuka Agritech. Fresh issue proceeds will fund debt repayment of ₹50 crore and machinery purchases of ₹35.8 crore. Equirus Capital and Ambit are managing the offering, marking significant growth for the rigid packaging manufacturer in India's expanding consumer goods sector.
