On July 8, 2025, Navin Fluorine shares soared ~3%, reaching a day high of ₹5,045.60 at 09:35 AM, after opening at ₹4,900.00 on BSE. The gain in Navin Fluorine shares follows the capital raising plan through Qualified Institutions Placement (QIP), which was opened on Monday, July 7. The company aims to raise up to ₹750 crore through the issuance of equity shares, each with a face value of ₹2.
This move comes on the heels of a board resolution passed on June 29, 2024, and shareholder approval obtained via a special resolution during the Annual General Meeting (AGM) held on August 1, 2024. At its July 7 meeting, the Board gave the green light to open the QIP and approved the preliminary placement document and application form.
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The floor price for the QIP has been set at ₹4,798.28 per share, in accordance with SEBI’s Issue of Capital and Disclosure Requirements (ICDR) Regulations. Additionally, the company has designated July 7, 2025, as the "relevant date" under Regulation 171(b) of the SEBI ICDR framework. Depending on market conditions and investor response, a discount of up to 5% on the floor price may be offered, in consultation with the book-running lead manager.
As a result of this QIP launch, Navin Fluorine has amended the notice of its 27th Annual General Meeting to remove the earlier proposal related to fund-raising through equity or other instruments up to ₹750 crore—since that objective is now being addressed through the current QIP.
Navin Fluorine has entered into a strategic partnership with Chemours to expand its presence in the high-growth, niche segment of advanced materials. This collaboration marks Navin Fluorine’s foray into the data center cooling market through the adoption of Chemours’ Opteon™ two-phase immersion cooling fluid—an innovative solution designed to meet the demanding thermal management needs driven by AI and next-generation semiconductor technologies.
As part of this initiative, Navin Fluorine will establish a dedicated manufacturing facility in Surat, Gujarat, with an estimated capital expenditure of $14 million, including a $5 million investment from Chemours. The facility is targeted to be operational by Q1 FY27 (April to June 2026). As the market scales and adoption increases, both companies plan to explore opportunities to expand capacity further and cater to the growing global demand for advanced cooling solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 8, 2025, 9:59 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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