FIIs bought 6,40,117 shares: Multibagger stock below Rs 100 in green on allotment of 12,00,000 equity shares on conversion of warrants
From Rs 13.09 per share to Rs 77.55 per share, the stock gave multibagger returns of 492 per cent in just 3 years and a whopping 3,243 per cent in 5 years.
On Wednesday, shares of Mufin Green Finance Ltd gained 0.7 per cent to Rs 77.55 per share from its previous closing of Rs 77.02 per share. The stock's 52-week high stands at Rs 141.60 per share and its 52-week low is Rs 63.66 per share.
Mufin Green Finance's Committee of Directors, in a meeting held on June 3, 2025, approved the conversion of 1.2 million convertible warrants into 12,00,000 equity shares, each with a face value of Re 1. This preferential allotment followed the receipt of Rs 4.95 crore from allottees, representing 75 per cent of the issue price of Rs 41.25 per warrant, aligning with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. As a result, the company's issued and paid-up capital has increased to Rs 16,46,90,172, comprising 164,690,172 equity shares of Re 1 each. These newly allotted equity shares will have equal standing with the company's existing equity shares. This issuance is a preferential allotment of equity shares resulting from the conversion of warrants, with a total of 12,00,000 equity shares issued at an issue price of Rs 55 each upon receipt of the remaining balance amount.
About the Company
Mufin Green Finance tackles social and environmental issues in India by providing financial solutions, like electric vehicle loans, to underserved communities. This focus on financial inclusion and sustainability goes hand-in-hand with their strong financial performance, boasting a market cap of over Rs 1,200 crore and a remarkable 180 per cent three-year compounded annual growth rate in profits.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
According to Quarterly Results, the net sales increased by 54 per cent to Rs 49.61 crore and net profit decreased by 15 per cent to Rs 3.44 crore in Q4FY25 compared to Q4FY24. Looking at its annual results, the net sales increased by 86 per cent to Rs 182.38 crore and net profit increased by 20 per cent to Rs 19.24 crore in FY25 compared to FY24.
In March 2025, FIIs bought 6,40,117 shares and increased their stake to 1.25 per cent compared to December 2024. From Rs 13.09 per share to Rs 77.55 per share, the stock gave multibagger returns of 492 per cent in just 3 years and a whopping 3,243 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.