Marathon Nextgen Realty Opens QIP at ₹584.34 Floor Price for Institutional Buyers in Line with SEBI ICDR Norms
By Shishta Dutta | Updated at: Sep 30, 2025 12:48 PM IST
24 June – Marathon Nextgen Realty Limited (BSE: 503101, NSE: MARATHON) has initiated its Qualified Institutions Placement (QIP) of equity shares at a floor price of ₹584.34 per share, following board and shareholder approvals secured in late 2024. The move is aimed at raising institutional capital under SEBI’s ICDR Regulations.
QIP Details and Pricing Framework
The company’s Operations Committee, during its June 23, 2025, meeting, formally approved and launched the QIP issue of equity shares with a face value of ₹5 each to eligible Qualified Institutional Buyers (QIBs). The preliminary placement document and application forms were also adopted on the same day.
Key Pricing Details:
| Particulars | Details |
|---|---|
| Floor Price (as per Reg. 176) | ₹584.34 per equity share |
| Relevant Date | June 23, 2025 |
| Regulatory Provision | SEBI ICDR Reg. 176(1) |
| Discount Permissible | Up to 5% at Company’s discretion |
This QIP is being carried out under Chapter VI of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, read with relevant sections of the Companies Act, 2013 and associated rules.
Insider Trading Window Closure
In compliance with its internal Code of Conduct for Insider Trading and Corporate Disclosure Practices, the trading window for all specified persons was closed starting June 16, 2025, and will remain shut for 48 hours post-finalisation of the issue price.
Marathon Nextgen Realty Limited Stock Performance
Shares of Marathon Nextgen Realty Limited are currently trading at ₹641 at 10:53 AM IST on June 24, 2025. This is a 1.55% gain from the previous close. Marathon Nextgen Realty Limited shares have gained 10.3% over the last year, 6.76% year-to-date, and 30.60% in the previous month.
About Marathon Nextgen Realty Limited
Marathon Nextgen Realty Limited is a Mumbai-based real estate developer listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The company has a diverse project portfolio ranging from affordable housing to commercial complexes across key growth corridors in the Mumbai Metropolitan Region.
REF: https://nsearchives.nseindia.com/corporate/MARATHON_23062025220633_Outcome.pdf
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