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 per cent) from the previous close of ₹106.47, after the New Delhi-based NBFC disclosed details of a completed ₹324 crore preferential equity fundraise. 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 per cent of the order book against 25.54 per cent 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. 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 per cent from 50.94 per cent pre-issue. Post-allotment, paid-up equity capital rose from ₹17.32 crore to ₹19.82 crore.
Managing Director Kapil Garg said 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 per cent year-to-date. The total market cap is approximately ₹1,843 crore with a P/E of 96.13. The warrants carry an 18-month conversion window; unexercised warrants will lapse and amounts paid will be forfeited.