Marathon Nextgen Realty Limited has informed the Exchange regarding Outcome of Committee Meeting held on Jun 23, 2025.
MARATHON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.6 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Marathon Nextgen Realty's Operations Committee, at its meeting on June 23, 2025, approved the opening of a Qualified Institutions Placement (QIP) of equity shares with a face value of ₹5 each. The floor price has been fixed at ₹584.34 per share, based on the SEBI ICDR pricing formula, with June 23, 2025 set as the Relevant Date. The Board had earlier approved the QIP on November 11, 2024, and shareholders gave their consent through a special resolution on December 14, 2024. The company may, at its discretion, offer a discount of up to 5% on the floor price. The trading window for insiders was already closed from June 16, 2025, until 48 hours after the final issue price is determined.
This QIP will result in dilution for existing shareholders, and the final issue price (likely at a discount to current market levels) could put short-term pressure on the stock. However, the capital raised may support the company's growth plans and strengthen its balance sheet.