Navin Fluorine QIP share sale issue price INR4,680 per share

Navin Fluorine QIP share sale issue price INR4,680 per share

Navin Fluorine International (NFI) has set the issue price for its Qualified Institutional Placement (QIP) at INR 4,680 per share, according to a recent exchange filing. The company announced the launch of the QIP on July 8, 2025, with a target to raise up to Rs 750 crore. The QIP is being offered at a discount of up to 5 percent from the floor price of Rs 4,798.28 per share, as determined by the Securities and Exchange Board of India (SEBI) pricing formula [1].

The company's shares surged by over 3 percent on the day of the announcement, reaching a fresh 52-week high of Rs 5,054. The sharp rise in the share price can be attributed to the heavy trading volumes, with nearly 3.46 crore shares involved in active trade, more than double the 10-day average volume. Navin Fluorine's shares have gained nearly 15 percent in the past month, over 44 percent in the past six months, and over 54 percent so far in 2025 [1].

The QIP is expected to be placed with the stock exchanges, with the preliminary placement document already submitted. The company's market capitalization stands at Rs 25,045 crore as of July 2, 2025 [2].

Navin Fluorine International operates in the chemicals sector, with a focus on the production of specialty chemicals. The company has shown consistent growth in its stock price, reflecting investor confidence in its business prospects.

References:
[1] https://www.tradingview.com/news/moneycontrol:db26dc476094b:0-navin-fluorine-shares-hit-fresh-52-week-high-after-firm-launches-rs-750-crore-qip/
[2] https://www.moneycontrol.com/india/stockpricequote/chemicals/navinfluorineinternational/NFI