Marathon Nextgen Realty raises Rs. 900 Crore through Qualified Institutions Placement

Marathon Nextgen Realty Ltd (BSE: 503101, NSE: MARATHON) ("MNRL"), one of Mumbai's leading real estate development companies, has successfully completed a Qualified Institutions Placement (QIP), raising Rs. 900 crore (US$ 105 million).

The QIP proceeds will primarily be used as growth capital, enabling the company to expand its development pipeline and invest in high-potential opportunities across the Mumbai Metropolitan Region. This capital infusion will further strengthen the company's financial foundation with its net debt-to-equity ratio expected to reduce further from the current 0.46 following the planned debt reduction.

The QIP was executed through the issuance of 1,62,12,406 equity shares at ₹555.13 per share (face value ₹5 each). The offering, which closed on June 30, 2025, attracted strong participation from leading institutional investors including Quant Mutual Fund, Kotak Alternate Asset Managers, and Samco Mutual Fund, among others.

This QIP has significantly enhanced MNRL's institutional investor base, with Foreign Institutional Investor (FII) holding increasing to 9.9% and Domestic Institutional Investor (DII) holding rising to 16.66% postissue.

Mr. Chetan Shah, CMD of MNRL, said, "This successful capital raise of Rs. 900 crore represents a decisive vote of confidence from marquee institutional investors in our strategic vision and execution capabilities. The Indian real estate sector is witnessing unprecedented momentum creating substantial opportunities for well-positioned players like MNRL. Our demonstrated track record of delivering projects on time, coupled with our strategic land bank and robust project pipeline, positions us exceptionally well to capitalize on this sector upswing.

Additionally, our recently approved amalgamation scheme-bringing promoter group entities and their assets under the MNRL-will consolidate our land bank, projects and inventory, creating an efficient operating structure with better corporate governance. We are at a strategic inflection point, equipped with the right capital, a robust asset base, and a clear long-term vision to drive the next phase of MNRL's evolution."

Shares of Marathon Nextgen Realty Limited was last trading in BSE at Rs. 652.00 as compared to the previous close of Rs. 663.50. The total number of shares traded during the day was 27121 in over 1131 trades.

The stock hit an intraday high of Rs. 665.70 and intraday low of 639.10. The net turnover during the day was Rs. 17628881.00.

Source : Equity Bulls

Keywords

MarathonNextgenRealty INE182D01020 FundRaising QIP