5 days ago
Bharat PET Gets SEBI Approval for ₹760 Crore IPO
Bharat PET makes different kinds of plastic and metal packaging.
It has received permission to launch an IPO, which lets people buy shares in the company.
The IPO could raise up to ₹760 crore.
Some money will come from new shares issued by Bharat PET.
The rest will come from shares sold by existing promoter shareholders.
Bharat PET plans to use some new-issue money to repay loans.
It also plans to buy machinery and use some funds for general business needs.
The company serves more than 1,500 customers and has four manufacturing plants.
Bharat PET has received SEBI approval for a proposed ₹760 crore initial public offering.
The issue includes a fresh share sale of up to ₹120 crore and an offer for sale of up to ₹640 crore.
The company may also consider a pre-IPO placement of up to ₹24 crore.
Fresh-issue proceeds will fund debt repayment, machinery purchases and general corporate purposes.
Bharat PET reported fiscal 2025 revenue of ₹411.82 crore and operates four manufacturing facilities.
- Who
- Bharat PET Limited, its promoter selling shareholders and prospective public investors.
- What
- Bharat PET received approval for a proposed ₹760 crore IPO comprising a fresh issue and an offer for sale.
- Where
- When
- The approval was reported in the company’s exchange filing; the article does not provide a specific approval date.
- Why
- The fresh-issue proceeds are intended for borrowings repayment or prepayment, machinery and equipment purchases, and general corporate purposes.
Key facts
- Proposed IPO size
- Up to ₹760 crore
- Fresh issue
- Up to ₹120 crore
- Offer for sale
- Up to ₹640 crore
- Possible pre-IPO placement
- Up to ₹24 crore
- Fiscal 2025 revenue
- ₹411.82 crore
- Manufacturing facilities
- Four
- Installed capacity
- 33,401 MTPA on a pro forma basis
Sources
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