Mufin Green Finance Secures Rs 324 Crore in Equity Fund Raising

Mufin Green Finance Raises Rs 324 Crore through Preferential Issue

Key Highlights:

• Rs 324 crore raised through the issuance of equity shares and warrants on a preferential basis for cash consideration.
• 2,49,30,765 fully paid-up equity shares allotted at an issue price of Rs 98 per share (including a premium of Rs 97).
• 76,53,061 warrants issued at Rs 98 each, convertible into equity shares in the future.

Investor Participation:

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• Institutional investors, high-net-worth individuals (non-promoters), and promoter entities participated in the preferential issue.
• Promoter group, Hindon Mercantile, subscribed to the warrants.
• Notable investors include SageOne, Sandeep Kapadia, DS group, and MMG family office.

Impact on Balance Sheet:

• Post-allotment, the company's paid-up equity share capital increased from Rs 17.32 crore to Rs 19.82 crore.
• The capital infusion enhances lending capacity and supports accelerated growth in focus areas, including insurance premium financing, salary advance to government employees, and other tech-first financing solutions.

Growth Prospects:

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• The company expects quarter-on-quarter profit after tax to double in the coming periods, driven by higher disbursements, improved operational efficiency, and favorable market trends in sustainable lending.
• The fresh capital will fuel expansion plans and position the company to capitalize on growing demand for its products.