Fine Refiners IPO Details
Fine Refiners IPO Summary
Fine Refiners IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.
Fine Refiners IPO total issue size comprises 71,84,000 shares . This includes a fresh issue of 57,49,000 shares . Offer for Sale consists of 14,35,000 shares . Pre-issue shareholding stands at 1,82,00,000, which will increase to 2,39,49,000 post-issue.
Fine Refiners IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Fine Refiners IPO Details
Fine Refiners IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| To be announced | |||
Fine Refiners IPO Reservation
Promoter Holding
Documents
Fine Refiners IPO Valuations
Fine Refiners Financial Information
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 58.92 | 43.39 | 24.11 | 22.21 |
| Total Income | 67.75 | 126.86 | 96.12 | 60.22 |
| Profit After Tax | 7.89 | 9.77 | 2.25 | 2.99 |
| EBITDA | 11.75 | 15.36 | 5.43 | 5.23 |
| NET Worth | 25.40 | 17.47 | 7.79 | 5.59 |
| Reserves and Surplus | 24.90 | 16.97 | 7.29 | 5.09 |
| Total Borrowing | 25.49 | 22.65 | 15.55 | 12.76 |
| Amount in ₹ Crore | ||||
About Fine Refiners IPO
Fine Refiners Limited, incorporated in May 2005, is engaged in the procurement, processing, trading, and import of various petroleum-based products. The company primarily deals in fuel oil, base oil, diesel, lubricants, recycled oil, and related products, with a focus on converting industrial waste oils into usable petroleum derivatives.
The company is certified under ISO 9001:2015 and ISO 14001:2015 standards and operates with the necessary approvals from the Gujarat Pollution Control Board (GPCB), reflecting its adherence to quality and environmental compliance norms.
Fine Refiners Limited’s core operations revolve around the collection and recycling of used and waste oils generated by industries, commercial establishments, marine vessels, and collection agents. The company utilizes efficient refining technologies to process waste lubricating oils into value-added products such as re-refined base oil and industrial fuel oil.
The company also undertakes refining of crude petroleum and produces a range of products, including recycled fuel oil, re-refined base oil, aromatic heavies, bottom fuel oil, and crude oil derivatives, catering to diverse industrial requirements.
In addition to its manufacturing activities, the company is actively involved in the trading of a wide range of petroleum products, including light diesel oil, slop oil, furnace oil, SN 60, process oil, heavy fuel oil, light hydrocarbon purge, poly iso propylene benzene, lubricant oil, crude benzole, mineral oil, mixed hydrocarbon oil, and other related products.
As of February 26, 2026, the company had a workforce of 38 employees across various departments supporting its operations.
Strength Of Fine Refiners IPO
Risk Of Fine Refiners IPO
Objectives Fine Refiners IPO
1. Capital Expenditure towards setting up an advanced recycling and re-refining plant for waste and used lubricating oils
2. To meet the Working Capital requirements of the Company.
3. General Corporate Purposes
4. Total
Company Contact Details
Office No. 105, First Floor Aangi, Arcade, Opp. Jawahar Ground Atabhai Road,
Bhavnagar, Gujarat , 364001
Phone: 0278-2221193
Email: info@finerefiners.com
Website: https://www.finerefiners.com/
Registrar Contact Details
Market Maker
Fine Refiners FAQs
The Fine Refiners IPO is a SME public issue comprising 7184000 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.
The IPO opens for subscription on TBA, and closes on TBA.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at TBA.
Quick Links
Comments
