Promoter Group was allocated 9,30,000 shares: 2:1 bonus share, 2:1 stock split with 4,000 per cent multibagger returns; scrip hit upper circuit on March 20

The stock gave multibagger returns of 290 per cent in just 1 year whereas BSE Small-Cap Index is up by 56 per cent.

Mufin Green Finance Ltd issued 9,30,000 (Nine Lakh Thirty Thousand) equity shares with a face value of Rs 1 each through a preferential allotment. This issuance was done to convert previously issued warrants. The warrants had an issue price of Rs 63.30 each and upon conversion, investors needed to pay the remaining balance amount, also known as the "Warrant Exercise Price," which totalled Rs 4,41,51,750. Following this conversion, the pre-issue equity holding of the promoter group (Hindon Mercantile Limited) increased from 54.17 per cent (8,73,11,152 shares) to 54.43 per cent (8,82,41,152 shares) of the total outstanding shares.

The board of directors of Mufin Green Finance Ltd. approved raising up to USD 5 million by issuing foreign-currency bonds (bonds denominated in a currency other than the company's home currency) under India's External Commercial Borrowings (ECB) program, which allows companies to access foreign capital. This is subject to regulatory approval and will involve a private placement, where the bonds are sold to a select group of investors.

About Mufin Green Finance Ltd

Mufin Green Finance, an investment firm offering services like advisory, asset management, and financial planning, boasts a market cap of Rs 2,676.39 crore and an impressive 140 per cent CAGR profit growth over five years. While the planned acquisition of a controlling stake in LKP Finance is currently awaiting regulatory approval, Mufin Green Finance has established itself as a strong player in the investment landscape.

The company announced stellar Quarterly Results (Q3FY24) which caused the sudden rise in the stock price. The net sales increased by 155 per cent to Rs 27.18 crore, the operating profit (EBITDA) increased by 334 per cent to Rs 19.66 crore and the net profit increased by 98.7 per cent to Rs 4.55 crore in Q3FY24 compared to Q3FY23. The company reported net sales of Rs 65.74 crore and net profit of Rs 12 crore in 9MFY24.

Earlier, the company incorporated a new subsidiary named Mufin Green Infra Limited. This new company, with an authorized capital of Rs 15 lakh, is wholly owned by Mufin Green Finance Ltd. (with a 65 per cent initial cash investment) and is specifically established to venture into the field of EV infrastructure services and allied activities. This includes setting up electric vehicle charging stations, power and energy generating stations, and the civil work associated with building and maintaining these structures. As a recently incorporated entity, Mufin Green Infra Limited does not have a financial history or turnover yet.

Today, shares of Mufin Green Finance Ltd were locked in a 5 per cent upper circuit to Rs 144.05 per share from its previous closing of Rs 186.55. The stock’s 52-week high of Rs 273.10 while its 52-week low is Rs 34.19 per share. The stock gave multibagger returns of 290 per cent in just 1 year whereas BSE Small-Cap Index is up by 56 per cent.

From Rs 3.49 per share to Rs 144.05 per share, the stock gave multibagger returns of over 4,000 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.