Bharat PET files INR 760-crore IPO to fund expansion
Integrated packaging player plans capex, debt reduction as it scales presence in rigid packaging
26 Mar 2026 | By Sai Deepthi
Bharat PET, an integrated packaging solutions provider, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering aggregating up to INR 760-crore.
The IPO comprises a fresh issue of INR 120-crore and an offer for sale of INR 640-crore by promoter shareholders. The company may also consider a pre-IPO placement of up to INR 24-crore.
Proceeds from the fresh issue will be used to repay borrowings of INR 50-crore, fund capital expenditure of INR 35.8-crore towards machinery and equipment, and for general corporate purposes.
Founded in 1998, Bharat PET has evolved into an integrated rigid packaging manufacturer with a diversified portfolio including PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers.
The company has a strong presence in the agrochemical segment, where it holds around 11% market share, and serves over 1,500 customers across industries, with repeat clients contributing 91% of revenue.
Bharat PET operates four manufacturing facilities across Delhi, Sonipat, Ankleshwar and Jammu, supported by in-house design and tooling capabilities that enable rapid prototyping and customised solutions.
Financially, the company reported revenue of INR 411.82-crore in FY25, with EBITDA margins of 21.35% and PAT margins of 16.90%. It also recorded strong capital efficiency, with ROE at 53.33%.
The company competes with players such as Mold Tek Packaging, Shaily Engineering Plastics and Time Technoplast, and has demonstrated strong growth and profitability relative to peers.
The IPO comes amid strong growth in India’s packaging sector, driven by rising consumption, e-commerce expansion and increasing demand from FMCG and pharmaceutical segments.