Marathon Nextgen Realty Limited (MNRL), a leading Mumbai-based real estate developer, has successfully raised ₹900 crore through a Qualified Institutions Placement (QIP). The announcement, made on July 4, 2025, highlights strong investor confidence in the company’s growth strategy and execution capabilities.
Key Highlights of the QIP
- Funds Raised: ₹900 crore (US$ 105 million) through the issuance of 1.62 crore equity shares at ₹555.13 per share.
- Investor Participation: Overwhelming response from premier domestic and international institutional investors, including Quant Mutual Fund, Kotak Alternate Asset Managers, and Samco Mutual Fund.
- Post-QIP Holdings: Foreign Institutional Investors (FIIs) now hold 9.9%, while Domestic Institutional Investors (DIIs) hold 16.66%.
Strategic Use of Proceeds
The raised capital will be allocated to:
Strategic PriorityAllocation (₹ Crore)PercentageDebt Reduction34038%Land Acquisition & Development Rights30033%Funding Ongoing Projects16018%General Corporate Purposes10011%
This allocation aims to strengthen MNRL’s financial position, expand its development pipeline, and capitalize on high-potential opportunities in the Mumbai Metropolitan Region.
Leadership Insights
Mr. Chetan Shah, Chairman & Managing Director of MNRL, stated:“This successful capital raise reflects investor confidence in our strategic vision and execution capabilities. With a robust project pipeline and a consolidated land bank post-amalgamation, we are well-positioned to drive growth in India’s booming real estate sector.”
About Marathon Nextgen Realty
- Legacy: Over 53 years of shaping Mumbai’s skyline with 100+ completed projects.
- Portfolio: Includes townships, luxury residences, retail spaces, and corporate parks.
- Leadership: Technocrat-led team with strong in-house capabilities in design, engineering, and execution.
The successful QIP underscores MNRL’s strong market positioning and growth potential. With a clear strategy for capital deployment and a focus on reducing debt, the company is poised to leverage Mumbai’s real estate momentum effectively
