Mufin Green Finance Limited has informed the Exchange regarding allotment of 2302 securities pursuant to Non Convertible Securities at its meeting held on August 21, 2025
MUFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mufin Green Finance has allotted 2,302 secured, unlisted, redeemable Non-Convertible Debentures (NCDs) on a private placement basis, raising Rs. 23.02 crore in total (face value Rs. 1,00,000 per NCD, issued at par). Two institutional investors participated: DWM SDGs Credit Fund and Cardano Impact Financial Inclusion Fund (I) (with ACTIAM as legal owner). The NCDs carry a coupon of 12.80% per annum, paid quarterly, and have a 3-year maturity falling due on 24th August 2028. The issue is secured by hypothecation of the company's receivables and book debts and is fully subscribed. The NCDs will not be listed on any stock exchange.
The company has raised Rs. 23.02 crore of growth capital, but at a high borrowing cost of 12.80%, which could pressure net interest margins. Since the NCDs are unlisted and small in size relative to the business, there is no direct stock price impact, though the high yield signals that lenders are pricing in meaningful credit risk.