Built-in packaging options supplier Bharat PET Ltd has filed draft paperwork with the Securities and Alternate Board of India (SEBI) to lift Rs 760 crore by means of an initial public offering (IPO).

In keeping with the draft crimson herring prospectus (DRHP) filed, the proposed providing features a contemporary concern of shares price as much as Rs 120 crore and a proposal on the market (OFS) of as much as Rs 640 crore by promoter shareholders.

The promoters collaborating within the OFS embody Deepak Gupta, Ankur Gupta, Rahul Gupta as promoters and Sonu Gupta, Stuti Gupta, Ruchi Gupta, Mitali Gupta and Santosh Devi Gupta as promoter group promoting shareholders.

The corporate mentioned it could additionally contemplate a pre-IPO placement of as much as Rs 24 crore. If this goes forward, the scale of the contemporary concern can be diminished accordingly.

Proceeds from the contemporary concern are earmarked for debt discount and enlargement. Round Rs 50 crore will likely be used to repay borrowings, whereas Rs 35.8 crore will likely be allotted in direction of the acquisition of equipment and tools. The remaining funds will likely be used for common company functions.

Based in 1998, Bharat PET manufactures a spread of inflexible packaging merchandise, together with PET bottles and jars, preforms, multi-layer co-extruded bottles, caps and closures, and tin containers. The corporate has a powerful presence within the agrochemical sector, the place it holds an estimated 11% market share in India, in accordance with a CARE report.

As of September 2025, the corporate had developed greater than 500 moulds and served over 1,500 clients. Its shopper base contains firms equivalent to Tata Shopper Merchandise Ltd, PI Industries Ltd and Dhanuka Agritech Ltd.

Bharat PET operates 4 manufacturing services positioned in Delhi, Sonipat, Ankleshwar and Jammu, with a complete put in capability of 19,631.37 metric tonnes each year as of September 30, 2025.

For the monetary yr 2024-25, Bharat PET reported income from operations of Rs 332.86 crore and a revenue after tax (PAT) of Rs 50.99 crore, in accordance with its restated monetary statements.

Equirus Capital and Ambit have been appointed because the book-running lead managers to the difficulty.