Marathon Nextgen Realty is trading at RS. 660.60, up by 8.60 points or 1.32% from its previous close of RS. 652.00 on the BSE.
The stock opened at RS. 653.00 and has touched an intraday high of RS. 667.15 and a low of RS. 651.75. So far, 32,610 shares have been traded on the counter.
The BSE group 'B' stock with a face value of RS. 5 has recorded a 52-week high of RS. 736.40 on September 23, 2024, and a 52-week low of RS. 352.05 on March 11, 2025. In the past week, the stock's high and low stood at RS. 668.25 and RS. 633.95, respectively. The company's current market capitalization is RS. 3385.63 crore.
Promoters hold 73.63% of the company, while Institutions and Non-Institutions hold 4.70% and 21.67%, respectively.
Marathon Nextgen Realty (MNRL) has successfully completed a Qualified Institutions Placement (QIP), raising RS. 900 crore (approximately $105 million). The funds will be used as growth capital to expand the company’s development pipeline and invest in high-potential projects across the Mumbai Metropolitan Region. The capital infusion is expected to strengthen the company's financials, reducing its net debt-to-equity ratio from the current 0.46.
The QIP involved the issuance of 1,62,12,406 equity shares at RS. 555.13 per share (face value RS. 5 each) and closed on June 30, 2025. The offering saw strong interest from top institutional investors including Quant Mutual Fund, Kotak Alternate Asset Managers, and Samco Mutual Fund. Post-issue, the Foreign Institutional Investor (FII) stake rose to 9.9%, while Domestic Institutional Investor (DII) holding increased to 16.66%.
Marathon Nextgen Realty continues to focus on residential and commercial development projects.