Marathon Nextgen Realty Raises ₹900 Crore via QIP to Bolster Growth, Cut Debt
By Shishta Dutta | Updated at: Oct 13, 2025 05:36 PM IST
Mumbai, July 4, 2025 – Marathon Nextgen Realty Ltd (NSE: MARATHON, BSE: 503101) has successfully raised ₹900 crore through a Qualified Institutions Placement (QIP), significantly expanding its institutional investor base and reinforcing its financial position for future growth.
The QIP, concluded on June 30, 2025, involved the issuance of 1,62,12,406 equity shares at a price of ₹555.13 per share (face value ₹5). The issue witnessed robust demand from marquee investors such as Quant Mutual Fund, Kotak Alternate Asset Managers, Samco Mutual Fund, Morgan Stanley Asia, and Nomura Singapore Ltd.
Shares of Marathon Nextgen’s stock were trading at ₹661.65, up 1.32% as of 2:38 PM.
Key QIP Details
| Particulars | Value |
|---|---|
| Total Fund Raised | ₹900 crore |
| Price per Share | ₹555.13 |
| Total Shares Issued | 1,62,12,406 |
| Face Value | ₹5 |
| QIP Closure Date | June 30, 2025 |
Allocation of Proceeds
| Purpose | Allocation (₹ crore) | Share (%) |
|---|---|---|
| Debt Reduction | 340 | 38% |
| Land Acquisition & Development | 300 | 33% |
| Funding Ongoing Projects | 160 | 18% |
| General Corporate Purposes | 100 | 11% |
Post-QIP, FII holding rose to 9.9% and DII holding increased to 16.66%, signaling a stronger institutional investor presence in the company.
Management Commentary
Chetan Shah, CMD of Marathon Nextgen Realty, stated:
“This successful capital raise of ₹900 crore represents a decisive vote of confidence from marquee institutional investors in our strategic vision and execution capabilities. With a strengthened balance sheet and robust pipeline, MNRL is well-positioned to capitalize on the sector’s momentum.”
Shah further added that the recently approved amalgamation scheme consolidating promoter group entities is expeced to lead to a more efficient operating structure, enhancing governance and strategic execution.
Strategic Outlook
The infusion is set to lower the company’s net debt-to-equity ratio and support expansion throughout the Mumbai Metropolitan Region. It will also help fast-track project launches, secure key land parcels, and enhance operational efficiency through ongoing corporate restructuring.
About the Company
Marathon Nextgen Realty Ltd, part of the 53-year-old Marathon Group, is a prominent Mumbai-based real estate developer with a diversified portfolio including affordable housing, townships, luxury residences, and commercial spaces. The company is listed on BSE and NSE and operates across key MMR locations such as Lower Parel, Byculla, Mulund, and Panvel.
REF: https://nsearchives.nseindia.com/corporate/MARATHON_04072025114323_PRESSRELEASE.pdf
Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com
Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations
