Marathon Nextgen Realty Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 30, 2025.
MARATHON · price
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Marathon Nextgen Realty has closed its Qualified Institutions Placement (QIP) issue period on June 30, 2025. The company will allot 1,62,12,406 equity shares (face value ₹5) to eligible qualified institutional buyers at a price of ₹555.13 per share, raising approximately ₹900 crore. This issue price includes a premium of ₹550.13 over the face value and is set at a 5% discount of ₹29.21 on the floor price of ₹584.34 per share, as permitted under SEBI ICDR Regulations. The QIP was opened on June 23, 2025, and the placement document has been finalized and filed with the exchanges.
The QIP is a dilution event — existing shareholders will see their stake reduced as 1.62 crore new shares are issued. However, the ₹900 crore capital raise is at a modest 5% discount to the floor price, which is at the maximum allowed and may exert short-term pressure on the stock price. The fresh capital could fund business expansion or reduce debt, which would be a long-term positive.