Upcoming IPO, March 26 -- Bharat PET Limited has filed its draft red herring prospectus (DRHP) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

The company's public offering at a face value of Rs.10 per equity share totals Rs.760 crore and includes a fresh equity share issue amounting to Rs.120 crore by the company, along with an offer for sale (OFS) of equity shares reaching Rs.640 crore by the promoter selling shareholders - Deepak Gupta, Ankur Gupta, Rahul Gupta, Sonu Gupta, Stuti Gupta, Ruchi Gupta, Mitali Gupta, and Santosh Devi Gupta.

In coordination with the Book Running Lead Managers (BRLM), the company might also explore a pre-IPO placement of specified secu...