Navin Fluorine opens ₹750-crore QIP at floor price of ₹4,798.28 per share
Published on 07/07/2025 08:36 PM
Navin Fluorine opens ₹750-crore QIP at floor price of ₹4,798.28 per shareThe floor price for the issue has been set at ₹4,798.28 per equity share, in line with SEBI’s ICDR Regulations.
Shares of Navin Fluorine International Ltd ended at ₹4,910.20, down by ₹22, or 0.45%, on the BSE.By Jomy Jos Pullokaran July 7, 2025, 8:36:06 PM IST (Published)2 Min ReadFlurochemicals maker, Navin Fluorine International Ltd, on Monday, July 7, announced the launch of its qualified institutions placement (QIP) to raise up to ₹750 crore by issuing equity shares with a face value of ₹2 each.
The move follows board approval on June 29, 2024, and a special resolution passed by shareholders at the company’s annual general meeting on August 1, 2024. The board, in its meeting held on July 7, approved the opening of the QIP issue and adopted the preliminary placement document along with the application form.
Also Read: Navin Fluorine shares get their third bullish call in three days after Avendus Spark says 'buy'
The floor price for the issue has been set at ₹4,798.28 per equity share, in line with SEBI’s ICDR Regulations. The company has also fixed July 7, 2025, as the ‘relevant date’ for the QIP under Regulation 171(b) of the SEBI ICDR Regulations. It may offer a discount of up to 5% on the floor price, depending on investor demand and in consultation with the book-running lead manager.
Consequently, the company has amended the notice of its 27th AGM to delete the earlier item regarding raising funds through the issuance of equity or other instruments up to ₹750 crore.
Shares of Navin Fluorine International Ltd ended at ₹4,910.20, down by ₹22.00, or 0.45%, on the BSE.
Also Read: Navin Fluorine shares can rise another 17% despite recent run-up on rising capex monetisationContinue Reading(Edited by : Shoma Bhattacharjee)Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsNavin Fluorine Internationalshare market today