Bharat PET files for Rs 760-cr IPO with Sebi, targets agrochemical packaging

• Bharat PET Ltd, an integrated packaging solutions provider, has filed draft papers with Sebi for a Rs 760 crore IPO.
• The IPO comprises a fresh issue of equity shares worth Rs 120 crore and an Offer For Sale (OFS) of Rs 640 crore by promoters.
• Proceeds from the fresh issue will be used for debt repayment (Rs 50 crore), machinery purchase (Rs 35.8 crore), and general corporate purposes.
• Bharat PET manufactures rigid packaging products, including PET bottles, jars, and caps, primarily serving the agrochemical industry.
• The company reported a revenue of Rs 411.82 crore and a PAT of Rs 50.99 crore in FY25, with an 11% market share in India's agrochemical packaging segment.