Fine Refiners Limited IPO
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Fine Refiners Limited's is preparing to launch its Initial Public Offering (IPO) with a substantial issue size of 71,84,000 Shares. The offering comprises a fresh issue component of 53,89,000 Shares.
The price band for the IPO has been set at TBD, providing investors with a range to place their bids. The minimum investment lot consists of TBD, making it accessible to both retail and institutional investors.
The subscription window for this public offering opens on TBD and will conclude on TBD. Following the subscription period, the share allotment is scheduled for TBD, with the official listing expected to commence on TBD on the BSE exchange.
Fine Refiners IPO About Company
Fine Refiners Limited, incorporated in May 2005, is engaged in the procurement, processing, trading, and import of petroleum-based products such as fuel oil, base oil, diesel, lubricants, and recycled oils, mainly sourced as waste from industries and commercial users. The company collects used oils from dealers, agents, marine vessels, and industrial sources, and processes them using refining and recycling technologies to produce products like recycled fuel oil, re-refined base oil, industrial fuel oil, aromatic heavies, and crude oil. It also trades a wide range of oils and fuels including furnace oil, light diesel oil, process oil, and mixed hydrocarbons. The company is ISO 9001:2015 and ISO 14001:2015 certified and has approvals from the Gujarat Pollution Control Board, and as of February 26, 2026, it had 38 employees.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
Fine Refiners IPO Strength Factors
- Specialty Food Ingredients Business: The company operates in the specialty fats and food ingredients segment, catering to bakery, confectionery, and dairy industries.
- Diverse Product Portfolio: Offers a wide range of customized fat solutions, helping meet specific customer requirements.
- Strong Industry Presence: Established relationships with food manufacturers support repeat business and stable demand.
Fine Refiners IPO Risk Factors
- Dependence on Raw Material Prices: Fluctuations in edible oil and input costs may impact margins.
- Regulatory and Quality Compliance: Food industry requires strict adherence to safety and quality standards.
- Working Capital Intensive: Requires investment in inventory, production, and supply chain operations.
Fine Refiners IPO Lead Manager(s)
- Fintellectual Corporate Advisors Private Limited
Fine Refiners IPO Promoter(s)
- Vasaya Amin Rajahusenbhai
- Narjis A Vasaya
- Vasaya Alimizan Aminbhai
Fine Refiners IPO FAQs
Fine Refiners Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,-- times in QIB, and -- times in the HNI (10+) category byMarch 25, 2026 10:34:48 AM (Day 25).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Fine Refiners IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Fine Refiners IPO FAQs
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Fine Refiners Limited was listed on the stock exchange on . The IPO was subscribed 0x. The last GMP for Fine Refiners Limited IPO was ₹0, updated on March 25, 2026 10:34:48 AM (Day 25). As per the last GMP, the expected profit/loss for the IPO was ₹0.
The IPO allotment has not been confirmed yet. To check your status , Fine Refiners IPO Allotment Status Please Click Here.
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