Fine Refiners IPO vs Gulf Lloyds IPO

Comparison between Fine Refiners IPO and Gulf Lloyds IPO.

IPO Details

Fine Refiners IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gulf Lloyds IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Fine Refiners IPO is up to ₹0.00 Cr whereas the issue size of the Gulf Lloyds IPO is up to ₹17.28 Cr. The final issue price of Fine Refiners IPO is and of Gulf Lloyds IPO is ₹100.00 per share.

 Fine Refiners IPOGulf Lloyds IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size53,89,000 shares17,28,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹17.28 Cr
OFS Issue Size14,35,000 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total68,24,000 shares17,28,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹17.28 Cr

IPO Timetable

Fine Refiners IPO opens on , while Gulf Lloyds IPO opens on Jul 20, 2026. The closing date of Fine Refiners IPO and Gulf Lloyds IPO is , and Jul 22, 2026, respectively.

Financials & KPIs

Fine Refiners IPO P/E ratio is , as compared to Gulf Lloyds IPO P/E ratio of 11.41.

 Fine Refiners IPOGulf Lloyds IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets58.9243.3924.1122.21
Total Income67.75126.8696.1260.22
Profit After Tax7.899.772.252.99
EBITDA11.7515.365.435.23
NET Worth25.4017.477.795.59
Reserves and Surplus24.9016.977.295.09
Total Borrowing25.4922.6515.5512.76
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 2026
Assets35.29
Total Income35.97
Profit After Tax4.30
EBITDA7.90
NET Worth13.48
Reserves and Surplus8.71
Total Borrowing15.68
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)93.799.94
Promoter Shareholding (Post-Issue)72.92
P/E Ratio11.41
Market Cap₹67.29 Cr.
ROE77.4137.49
ROCE37.5724.88
Debt/Equity1.301.15
EPS₹8.76
RoNW36.8131.92

Shares Offered

In the Fine Refiners IPO Retail Individual Investors (RII) are offered 0 shares while in Gulf Lloyds IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Fine Refiners IPO and 0 shares in Gulf Lloyds IPO.

 Fine Refiners IPOGulf Lloyds IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,60,000 shares91,200 shares
QIB0 shares0 shares
NII0 shares8,64,000 shares
RII0 shares8,64,000 shares
Employee0 shares0 shares
Others
Total0 shares17,28,000 shares

Bids Received (Subscription)

Fine Refiners IPO subscribed in total, whereas Gulf Lloyds IPO subscribed 8.28x.

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