Dip coating is a widely used technique in the industry for coating various products. This study presents findings from experiments and numerical simulations of the dip-coating process using a two-fluid layer system. This system holds practical significance for continuous dip-coating applications, such as galvanizing [10], or producing optical fibers with multiple layers of coating [5]. In this two-liquid system, the liquid in the upper layer (oil) is lighter and dense compared to the bottom liquid layer (water). A wire is drawn into the water layer from the oil layer at a constant velocity, and experimentally film thicknesses are measured from captured videos using image processing techniques. Numerical simulations are set up in the laminar regime with interface tracking done by the level set method in COMSOL Multiphysics. Experiment results are found to be in good agreement with the final film thickness from simulation results. Following five parameters, namely the velocity of the wire, the radius of the wire, the density difference and ratio of kinematic viscosity of liquids, and the height of the top liquid layer are explored for their impact in determining the coated oil film thickness and various regimes of film coating have been identified.