3,500 per cent multibagger returns: This electric vehicle (EV) loan provider company allots non-convertible debentures worth Rs 24,84,00,000 to 2 investors!

The stock gave multibagger returns of 225 per cent in just 1 year whereas BSE Small-Cap Index is up by 60 per cent.

Today, shares of Mufin Green Finance Ltd gained 4.75 per cent to Rs 135.70 per share from its previous closing of Rs 129.55. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 35 per share. The stock gave multibagger returns of 225 per cent in just 1 year whereas BSE Small-Cap Index is up by 60 per cent.

The company has issued and allotted 2,484 non-convertible debentures with a face value of Rs 1,00,000 each, raising a total of Rs 24,84,00,000 through a private placement. These rated, secured, senior, taxable, and transferable debentures will mature on May 15, 2027, with an initial redemption payment on May 15, 2025. They offer a fixed interest rate of 10.90 per cent per annum paid semi-annually, and are backed by a hypothecation of the company's book debts. The entire issue was subscribed to by two investors, AAV Sarl and Masala Investment Sarl, and the debentures are not listed on any stock exchange.

Mufin Green Finance is a company that provides financial solutions to underserved communities in India. They focus on climate financing solutions, such as loans for electric vehicles. Their mission is to create financial opportunities and a more sustainable planet. Mufin Green Finance, an investment firm offering advisory, asset management, and financial planning services, boasts a market cap of over Rs 1,900 crore and an impressive 240 per cent CAGR profit growth over 3 years.

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The company's performance in the first nine months of fiscal year 2024 (9MFY24) has been significantly stronger than its performance in the entirety of fiscal year 2023 (FY23). Net sales have grown by Rs 30.67 crore, representing an increase of nearly 87 per cent (from Rs 35.16 crore to Rs 65.83 crore). Net profit has also seen a substantial rise of Rs 3.88 crore, reflecting a growth of almost 48 per cent (from Rs 8.12 crore to Rs 12 crore). These figures point towards a positive trend for the company in the current fiscal year.

From Rs 3.77 per share to Rs 135.70 per share, the stock gave multibagger returns of 3,500 per cent in just 3 years. In the past three years, the company has implemented three corporate actions: a final dividend of Rs 0.2 per share on September 2, 2022, a 2:1 stock split on April 13, 2023, and a 2:1 bonus share issuance on July 02, 2023. These actions have increased the number of outstanding shares and potentially impacted the company's stock price and financial ratios.

Disclaimer: The article is for informational purposes only and not investment advice.