Bharat PET Limited has received approval from the Securities and Exchange Board of India (SEBI) to raise ₹760 crore through its initial public offering (IPO), according to livemint.com. The offering comprises a fresh issue of ₹120 crore and an offer for sale (OFS) of ₹640 crore by selling shareholders. The company is an integrated packaging solutions provider specializing in rigid packaging products.
The IPO proceeds will be used to repay debt and fund capital expenditures, the company confirmed in its filing. The fresh issue of ₹120 crore aims to strengthen the company’s financial position, while the ₹640 crore OFS allows existing shareholders to monetize part of their holdings. Bharat PET’s portfolio includes multiple container formats and sizes, catering to diverse packaging needs.
This IPO adds to the growing list of packaging sector companies seeking public market funding amid rising demand for sustainable and innovative packaging solutions. Comparable recent deals in the packaging space have attracted investor interest due to the sector’s resilience and growth potential. Bharat PET’s move to raise capital through both fresh issuance and OFS reflects a balanced approach to expansion and shareholder liquidity.
The SEBI approval marks a key milestone for Bharat PET’s public market debut. The company is expected to finalize the IPO dates and price band shortly, with the subscription process anticipated to begin in the near term, as per the filing details shared on livemint.com.