Mufin Green Finance Limited has informed the Exchange regarding allotment of 418 securities pursuant to Non Convertible Securities at its meeting held on August 18, 2025
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Mufin Green Finance has allotted 418 secured, unlisted, unrated, redeemable Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of ₹1,00,000, bringing the total issue size to ₹4.18 crore. The entire amount was subscribed by a single investor, Monega Multi-Sector Microfinance & Impact Loan Fund. The NCDs carry a coupon of 12.80% per annum, payable quarterly, and are secured by hypothecation of the company's receivables and book debts. The maturity date is 21 August 2028, giving a tenor of about 3 years.
The company has raised ₹4.18 crore in debt at a high borrowing cost of 12.80%, which is on the expensive side and suggests the firm is a small NBFC paying a premium for funding. The concentration of the entire issue with a single investor is a notable point for shareholders to watch.