Promoters of Gujarat Fluorochemicals will sell 13 lakh shares in a fresh offering with a floor price of ₹3,500 per share, according to a term sheet seen by CNBC-TV18.
Details regarding the exact timeline of the share sale, whether the shares will be offered via a block deal or via open offer, and the expected proceeds from the deal are not known.
Gujarat Fluorochemicals, part of the INOXGFL group, is a leading Indian chemicals manufacturer specialising in fluoropolymers, fluoroelastomers and refrigerants.
The company supplies key materials for sectors such as pharmaceuticals, agrochemicals, batteries, EVs, and renewable energy, and is expanding into new-age chemistries to serve global demand. Its products are exported to over 75 countries, making it one of India’s largest players in fluorine-based specialty chemicals.
Gujarat Fluorochemicals’ shares have fallen 12.6% year-to-date, and ended Tuesday at ₹3,690.00 apiece on the NSE, giving it a total market capitalisation of about ₹40,534.65 crore.
