The Shares of a specialty chemicals company focused on fluorochemicals and CRAMS were in focus during Tuesday’s session after it launched a Rs 750 crore QIP for general corporate purposes and others.
With a market capitalisation of Rs 24,549 crore, shares of Navin Fluorine International Ltd surged nearly 4% on Tuesday, hitting an intraday high of Rs 5,045.60 compared to the previous close of Rs 4,861.45.
Whats The News
According to the latest regulatory filing, the Board of Navin Fluorine International Limited has approved the launch of a Qualified Institutional Placement (QIP) on 7th July 2025 to raise up to Rs 750 crore from eligible qualified institutional buyers. The floor price for the issue has been set at Rs 4,798.28 per equity share, as per the pricing formula prescribed under SEBI ICDR Regulations.
The company may, at its discretion, offer a discount of up to 5% on the floor price. The final issue price will be determined in consultation with the Book Running Lead Manager appointed for the issue. The preliminary placement document and application form have also been approved and adopted as part of the QIP process.
About the Company
Navin Fluorine International Ltd (NFIL) is one of India’s leading manufacturers of specialty fluorochemicals and part of the Padmanabh Mafatlal Group. Established in 1967, the company operates large manufacturing facilities in Surat, Dahej, and Dewas, along with an R&D center in Surat called Navin Research Innovation Center (NRIC).
NFIL has four main business units: Refrigeration Gases, Inorganic Fluorides, Specialty Fluorides, and Contract Development and Manufacturing (CDMO). It produces over 60 fluorinated products, with more than 40% exported to markets like North America, Europe, and Asia Pacific.
The company serves global clients in life sciences, crop protection, petrochemicals, and specialty chemicals. NFIL is known for its strong capabilities in fluorine chemistry, high safety and quality standards, and a growing global presence.
Coming into financial highlights, the company’s revenue has increased from Rs. 2,065 crore in FY24 to Rs. 2,349 crore in FY25, which has increased by 13.75 percent. The net profit has also increased by 7 percent, from Rs. 270 crore in FY24 to Rs. 289 crore in FY25.The company maintained a Return on Capital Employed (ROCE) of 11.7% and a Return on Equity (ROE) of 11.5%.
Written By Rohan Pandey
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