Fine Refiners Ltd - IPO

Fine Refiners Ltd IPO Details

Initial public offer of upto 71,84,000 equity shares of face value of Rs. 10/- each of Fine Refiners Limited (FRL or the company or the offer or ) at an offer price of Rs. [*] per equity share (including a share premium of Rs. [*] per equity share) for cash, aggregating upto Rs. [*] crores (public offer) comprising of a fresh issue upto 57,49,000 equity shares aggregating to Rs. [*]/- crores (the fresh issue) and an offer for sale of upto 14,35,000 equity shares by Narjis A Vasaya (the promoter selling shareholder), aggregating upto 14,35,000 equity shares by the promoter selling shareholder (offer for sale) aggregating upto Rs. [*]/- crores, out of which [*] equity shares of face value of Rs. 10/- each at an offer price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. [*] crores will be reserved for subscription by market maker to the offer (the market maker reservation portion). The offerless the market maker reservation portion i.e. net offer of [*] equity shares of face value of Rs. 10/- each at an offer price of Rs. [*]/- per equity share including a share premium of Rs.[*]/- per equity share aggregating to Rs. [*] crores is Herein after referred to as the net offer. The offer and the net offer will constitute [*]% and [*]%, respectively, of the post offer paid up equity share capital of the company.The price band and the minimum bid lot will be decided by the company.

Objective of issue

Capital Expenditure towards setting up an advanced recycling and re-refining plant for waste and used lubricating oils. Funding the working capital requirement of the Company.. General corporate purposes.

Fine Refiners Ltd Contact Details

Fine Refiners Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - info@finerefiners.com

Website - www.finerefiners.com