Mumbai-based real estate developer Marathon Nextgen Realty Ltd has launched a ₹900 crore Qualified Institutional Placement (QIP) to strengthen its balance sheet and fuel future expansion. The move, announced on June 24, 2025, is aimed at repaying debt, acquiring land parcels, and investing in subsidiaries to support long-term growth.
Key Details of the Fundraise
- Floor Price: ₹584.34 per equity share
- Indicative Issue Price: ₹555.12 per share (approx. 12% discount to previous close)
- Equity Dilution: 31.66%
- Promoter Holding (as of March 2025): 73.63%
- Retail Shareholding: 8%
Fund Utilization Breakdown
According to sources familiar with the matter, the ₹900 crore will be allocated as follows:
- ₹340 crore for debt repayment
- ₹300 crore for land acquisition
- ₹160 crore for investment in subsidiaries
- Remaining funds for general corporate purposes
Market Response and Strategic Outlook
Shares of Marathon Nextgen surged 6.65% in the previous session, closing at ₹629.80 apiece. The stock has gained over 28% in the past month, reflecting investor optimism around the company’s growth trajectory and capital restructuring plans.
The QIP is expected to enhance financial flexibility, reduce interest burden, and position the company to capitalize on new development opportunities in India’s booming real estate sector.
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