Now Reading: Bharat PET gets SEBI nod for Rs 760 crore IPO
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Bharat PET gets SEBI nod for Rs 760 crore IPO
Bharat PET Limited, an integrated packaging solutions provider, has received approval from the Securities and Exchange Board of India for its initial public offering. The company plans to raise Rs 760 crore…
Bharat PET Limited, an integrated packaging solutions provider, has received approval from the Securities and Exchange Board of India for its initial public offering. The company plans to raise Rs 760 crore through a combination of a fresh issue of equity shares worth up to Rs 120 crore and an offer for sale aggregating up to Rs 640 crore.
The OFS involves promoter selling shareholders including Deepak Gupta, Ankur Gupta, Rahul Gupta and others. Proceeds from the fresh issue will be used for repayment of borrowings worth Rs 50 crore, capital expenditure on machinery of Rs 35.8 crore, and general corporate purposes. The company may also consider a pre-IPO placement of up to Rs 24 crore.
Bharat PET reported revenue of Rs 411.82 crore in fiscal 2025 and profit after tax of Rs 50.99 crore. Its EBITDA margin stood at 21.35% for the full year. Equirus Capital and Ambit Private are the book-running lead managers for the issue.
Indian Opinion Analysis
The IPO market for packaging companies has seen strong investor interest, with peers like Mold-Tek Trading at price-to-earnings multiples above 30. Bharat PET's Rs 760 crore offering is dominated by an OFS, meaning most proceeds will go to selling shareholders rather than the company. The fresh issue portion of Rs 120 crore is modest and earmarked largely for debt repayment. Investors will watch whether the company's improving PAT margins of nearly 17% can sustain competition from larger listed rivals. The final issue price and valuation will be set after book-building.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
