CMS INDUSLAW has advised Bharat PET Limited on its proposed IPO of up to INR 760 crore. Economic Laws Practice has acted as the legal counsel to the book running lead managers on this transaction.
Equirus Capital Private Limited and Ambit Private Limited are the BRLMs to the issue.
The transaction comprises a fresh issue of INR 120 crore and an offer sale up to INR 640 crore by certain existing shareholders.
The company plans to utilise the proceeds from the fresh issue towards repayment of borrowings amounting to INR 50 crore, capital expenditure of INR 35.8 crore for machinery and equipment, and general corporate purposes.
Bharat PET Limited filed its draft red herring prospectus with the Securities and Exchange Board of India on March 25, 2026.
CMS INDUSLAW team consisted of partner Mathew Thomas, senior associates Shambhavi Kumar, Aman Bahl and associates Tanvi Ginodia, Aishwarya Agarwal,and Soumya Sinha.
ELP’s transaction team was led by partners Geeta Dhania and Prashaant Vikram Rajput, with support from associates Shreeya Srungarapu, Devika Radha, Arpita Pattnaik, Shefali Jain and Vidyansh Chandra
