Shares of Mufin Green Finance Limited were trading at ₹106.50 on the NSE at 12:40 pm on Wednesday, up just ₹0.03 (0.03%) from the previous close of ₹106.47, according to reports from The Hindu BusinessLine. The stock opened at ₹108.00, touched a high of ₹108.73 and a low of ₹106.08 in intraday trade. Buy orders accounted for 74.46% of the order book against 25.54% on the sell side, with traded volume of 1.28 lakh shares valued at ₹1.38 crore so far in the session.
The company on March 4 allotted 2,49,30,765 equity shares and 76,53,061 warrants at ₹98 per share on a preferential basis, as reported by The Hindu BusinessLine. The issue attracted over 130 allottees spanning institutional funds, HNIs and the promoter group. The largest non-promoter allotment went to MMG Advisors LLP (25.58 lakh shares), followed by Sandeep Kapadia (16.37 lakh) and SageOne Flagship Growth OE Fund (15.35 lakh). Promoter entity Hindon Mercantile Limited subscribed to all 76.53 lakh warrants, though its post-issue diluted stake dips to 46.59% from 50.94% pre-issue.
Post-allotment, paid-up equity capital rose from ₹17.32 crore to ₹19.82 crore, according to The Hindu BusinessLine. The warrants carry an 18-month conversion window; unexercised warrants will lapse and amounts paid will be forfeited. Managing Director Kapil Garg stated that the capital will fund expansion and projected quarter-on-quarter PAT to double in coming periods, driven by higher disbursements and operational efficiency.
The stock's 52-week range stands at ₹63.11–₹126.34, and is down about 10.35% year-to-date, as reported by The Hindu BusinessLine. The total market cap is approximately ₹1,843 crore with a P/E of 96.13. The company is a New Delhi-based NBFC that operates in the financial services sector.
