Marathon Nextgen Realty Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 01, 2025.
MARATHON · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.9 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Marathon Nextgen Realty has completed its QIP issue, allotting 1.62 crore equity shares to eligible institutional buyers at ₹555.13 per share, aggregating to roughly ₹900 crores. The issue price includes a premium of ₹550.13 over the face value of ₹5 and was priced at a 5% discount (₹29.21) to the floor price of ₹584.34 as required by SEBI rules. The issue opened on June 23, 2025 and closed on June 30, 2025. As a result, the company's paid-up equity capital has risen from ₹25.60 crores to ₹33.71 crores, a dilution of about 31.7% for existing shareholders. Notable allottees include Quant Mutual Fund (39.44%), Maybank Securities (14.44%), Zeta Global Funds (9.56%), Buoyant Opportunities Strategy (9.11%), and SageOne Flagship Growth (7.22%).
Existing shareholders face meaningful dilution of around 32%, but the ₹900 crore raise strengthens the company's balance sheet for growth. Strong participation from marquee investors like Quant Mutual Fund signals institutional confidence in the real estate story, which may support the stock sentiment despite short-term dilution pressure.