Fine Refiners Limited
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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 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.
- 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.
- 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.
- Vasaya Amin Rajahusenbhai
- Narjis A Vasaya
- Vasaya Alimizan Aminbhai
Fine Refiners Limited
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