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Open
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Close
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Allotment
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Listing
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Issue Size
71,84,000 shares (agg. up to ₹[.] Cr)
Listing Date
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✦ AI Insight
Restated Financials (₹ Cr.)
| 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 |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards setting up an advanced recycling and re-refining plant for waste and used lubricating oils | 21.98 |
| 2 | To meet the Working Capital requirements of the Company. | 37.50 |
| 3 | General Corporate Purposes | |
| Total | 59.48 |
About Fine Refiners IPO
Incorporated in May 2005, Fine Refiners Limited handles the procurement, processing, trading, and import of various petroleum products, including Fuel oil, Base Oil, Diesel, Lubricants, recycled oil, and more. These oils are waste products from industries and commercial entities using lubricants. The company is ISO 9001:2015 and ISO 14001:2015 certified and has necessary approvals from the Gujarat Pollution Control Board (GPCB). The company's core business activities include: Procurement of used and waste oils from dealers, collection agents, marine vessels, and industries generating waste lubricating oil. Recycling and refining of waste oils with efficient technology. Refining used lubricating oils to produce base oil. Refining of crude petroleum. Production of recycled fuel oil, re-refined base oil, industrial fuel oil, aromatic heavies, bottom fuel oil, and crude oil. Trading of various oils and fuels, including light diesel oil, slop oil, fuel oil, furnace oil, SN 60, process oil, heavy fuel oil, light hydrocarbon purge, poly iso propylene benzene, recycled oil, lubricant oil, crude benzole, mineral oil, mixed hydrocarbon oil (kgs), divyol 75, etc. As on February 26, 2026, the
Contact Details
Fine Refiners Ltd. AddressOffice No. 105, First FloorAangi, Arcade, Opp. Jawahar GroundAtabhai Road,Bhavnagar, Gujarat, 3640010278-2221193info@finerefiners.comVisit Website