As of December 2025, 72.44% is owned by Indian Promoters and 27.57% by Public.

Top four Promoters holding highest number of shares of IFGL Refractories company are Bajoria Financial Services Private Limited (485.27 lakhs shares / 67.32%), Shishir Kumar Bajoria (29.63 lakhs shares / 4.11%), S K Bajoria Huf (Shishir Kumar Bajoria) (6.30 lakhs shares / 0.87%) and Smita Bajoria (0.89 lakhs shares / 0.12%).