PRICE HISTORY.
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Hindon Mercantile Limited operates a prepaid-payment-instrument business under a PPI permit. Its issuer annual-report page describes its Mufinpay product suite as including gift vouchers/cards, prepaid reloadable cards, a mobile-wallet application and personalised solutions. The offering is therefore organised around prepaid and stored-value payment products delivered in several formats: vouchers/cards for defined use, reloadable cards for repeated use and a mobile application for digital access. The disclosure positions the services within a digital-payment platform, while referring users to Mufinpay for the product offering. The company’s page does not provide customer counts, transaction volumes, revenue mix, geographical coverage, merchant network or a detailed product economics breakdown. Those details are not inferred here. This profile is confined to the PPI permit and the products expressly listed by the issuer.
About this company
Hindon Mercantile Limited is a Delhi-based Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India. Incorporated in 1985 and headquartered in New Delhi, the company operates a retail-focused lending platform that serves individuals, the MSME segment, and customers across semi-urban and underserved markets. Its product suite spans personal loans, business loans, loan against property, equipment and machinery finance, supply chain finance, two-wheeler financing, and education loans, positioning it as a diversified non-bank lender rather than a single-product financier. The company entered a new phase after 2019, when Kapil Garg acquired and reorganised it into a growth-oriented lending business. A defining feature of its current strategy is a strong tilt toward electric-vehicle and green-energy financing, pursued in part through its majority interest in Mufin Green Finance, a group entity focused on EV and clean-energy lending. This green-finance orientation differentiates Hindon Mercantile from conventional NBFCs and aligns it with the broader shift toward sustainable mobility and energy in India. On scale, Hindon Mercantile has reported steady expansion in its assets under management, growing from roughly ₹676 crore in FY24 to over ₹1,000 crore in FY25, reflecting an enlarging loan book and a widening footprint. The company has also been associated with strategic corporate moves, including a reported agreement in 2024 to acquire a significant minority stake in a listed financial-services entity, signalling ambitions beyond organic lending growth. Hindon Mercantile draws attention in the unlisted market because it combines a long-established NBFC licence with a modern, EV-and-green-finance growth narrative and a visible promoter-led transformation. Investors tracking the unlisted space often follow it for exposure to retail and green-mobility lending themes before any potential public-market event. As an unlisted public limited company, its shares are quoted on an indicative basis in the secondary unlisted market, and figures such as price, AUM, and capital structure can change over time and should be verified against the latest disclosures.
COMPANY REGISTRY · ON FILE
THE CREW · BOARD & MANAGEMENT
COMMON QUESTIONS.
Is Hindon Mercantile Limited listed on the stock exchange?+
No. As of 3 September 2026, Hindon Mercantile Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
What is the Hindon Mercantile Limited unlisted share price?+
As of 3 September 2026, the indicative unlisted share price of Hindon Mercantile Limited is ₹828 per share. This is an over-the-counter reference price, not a stock-exchange quote.
What indicative minimum amount is displayed for Hindon Mercantile Limited unlisted shares?+
The displayed unit count is 15 share(s); at the indicative price of about ₹828, the displayed amount is approximately ₹12,420. This is a display convention, not evidence of inventory, an order minimum or a quote.
Is trading in Hindon Mercantile Limited unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.