2:1 Bonus Shares, 1:2 Stock Split: Multibagger NBFC Stock Locked In 5% Upper Circuit

Small cap company operating in the NBFC sector, Mufin Green Finance shares today were locked in 5.00% upper circuit to end the day at Rs 120.90 apiece. Mufin Green shares offered shareholders attractive returns in last few days. In last 3-months, Mufin Green shares offered multibagger returns of 119%. Mufin Green stock surged 1178% in last 2-years.

Earlier this month on December 8, 2023, Board of Directors at Mufin Green considered and approved the terms and conditions for issuance of Rs 1750 crore unlisted, secured, senior, redeemable, taxable, transferable, non-convertible debentures with face value of INR 100,000 (Indian Rupees One Lakh) each and an aggregate face value of INR 17,50,00,000 (Indian Rupees Seventeen Crore and Fifty Lakh) ("Debentures") on a private placement basis.
Mufin Green stock on April 13, 2023 traded ex-split in the ratio of 1:2. Board of Mufin Green Finance fixed April 15, 2023 as the record date for sub-division/split of equity shares. It also declared 2:1 bonus shares and traded ex-bonus on July 7, 2023. Check details below:

Mufin Green Finance Stock Performance & Return: 52-week high price of Mufin Green is Rs 136.60 per share and 52-week low price is Rs 34.19 per share, respectively. The company has a market capitalisation of Rs 1825.53 crore. Mufin Green stock witnessed a rally of 187% in last 6-months, soared 187% in last 1-year, jumped 1178% in last 2-years, and offered gain of 3563% in last 3-years. Mufin Green shares hit upper circuit on December 8 and December 11, respectively.

Mufin Green Financials: The small cap NBFC company declared its standalone net profit for the quarter ended September 2023 at Rs 4 crore as compared to the net profit of Rs 2.02 crore announced in the corresponding quarter of last fiscal. Its total revenue soared to Rs 21.13 crore for the September quarter from Rs 6.59 crore declared in the similar quarter of last years. The company's expenses declared at Rs 15.76 crore.

Mufin Green's Bonus Issue: Mufin Green Finance gave 1 bonus since July 7, 2023. The last Bonus that Mufin Green Finance declared was in the ratio 2:1 with ex-date of July 7, 2023, according to Trendlyne.

Mufin Green's Stock Split: As per the BSE filing of the company, "Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company has passed the necessary Resolution through Circulation on March 29, 2023, inter-alia, approved and fixed the "Record Date" on Saturday, April 15, 2023 for the purpose of ascertaining the name of shareholders entitled for Sub-division/Split of every 1 (one) Equity Share of the Company having face value of Rs. 2/- (Rupees Two) each fully paid up into 2 (two) Equity Shares of face value of Rs. 1/- (Rupees One) each."

About: Mufin Green Finance is a pioneer in climate financing solutions in India. It is contributing to the EV ecosystem of the country by providing loans for income generation through Electric Vehicles, Electric Charging Infrastructure, and Swappable Batteries. It has disbursed more than INR 300 crores till date towards electric vehicles. This has not only impacted the carbon footprint, but has also resulted in financial inclusivity, more income generation, and women empowerment, according to its official website.

Disclaimer:

The stock just highlights the fundraising plan and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.