Search IPOs
TBD · BSE · Petrochemicals
Fine Refiners IPO is scheduled to open soon . The SME IPO has a price band of TBA , with a minimum lot size of TBA . .
Fine Refiners IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | TBA |
| IPO Close Date | TBA |
| Basis of Allotment | TBA |
| Initiation of Refunds | TBA |
| Credit of Shares to Demat | TBA |
| Listing Date | TBA |
Issue Size
[.]
Issue Price
[.]
Face Value
₹10/share
Market Lot
[.]
Retail Min Investment
[.]
Listing At
BSE
Sale Type
both
Fresh Issue
5,389,000 shares
Offer for Sale
[.]
Reserved for Market Maker
360,000 shares
Issue Type
book building
Open Date
TBA
Close Date
TBA
Allotment
TBA
Listing
TBA
No snapshot available yet.
The company's promoters are Vasaya Amin Rajahusenbhai, Narjis A Vasaya and Vasaya Alimizan Aminbhai.
Used oil doesn't have to be waste and Fine Refiners Limited has built its entire business proving that point.
Incorporated in 2005 and based in Bhavnagar, Gujarat, Fine Refiners is a GPCB-approved and ISO 9001 & 14001 certified company operating in the waste oil recycling and petroleum re-refining space. The company collects used and waste oils from industries, marine vessels, dealers, and collection agents, then processes them into commercially viable products recycled fuel oil, re-refined base oil, industrial fuel oil, aromatic heavies, distillate oil, and more.
What makes Fine Refiners stand out is its environmental commitment backed by real infrastructure. The company holds a valid EPR Recycler Registration from the Central Pollution Control Board (CPCB) for an annual consented capacity of 1,800 MTA, and operates a refining facility with an installed capacity of 14.4 million litres per annum. Its products serve customers across chemicals, construction, steel, pharma, and petroleum sectors.
The numbers reflect a business hitting its stride. In FY25, total income grew to ₹126.86 crore up from ₹60.22 crore in FY23 while profit after tax jumped over four times in two years to ₹9.77 crore.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 60.22 | 96.12 | 67.75 |
| Profit After Tax (PAT) | 2.99 | 2.25 | 7.89 |
| EBITDA | 5.23 | 5.43 | 11.75 |
| Total Assets | 22.21 | 24.11 | 58.92 |
| Net Worth | 5.59 | 7.79 | 25.4 |
| Reserves & Surplus | 5.09 | 7.29 | 24.9 |
| Total Borrowing | 12.76 | 15.55 | 25.49 |
Revenue & Profit Trend
The allotment date for Fine Refiners IPO will be announced after the subscription closes. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Fine Refiners IPO dates are coming soon. The subscription dates will be announced officially by the company and updated here once finalized.
The price band for Fine Refiners IPO is yet to be announced.
As per market sources, Fine Refiners IPO GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Fine Refiners IPO is being updated. Check the latest subscription figures by category (Retail, QIB, NII) for real-time updates.
The listing date for Fine Refiners IPO is yet to be announced and will be updated once finalized.
No comments yet. Be the first to comment!
