The company made the announcement after trading hours on Monday, 8 December 2014.

Meanwhile, the BSE Sensex was down 279.45 points, or 0.99%, to 27,839.95.

On BSE, so far 6,604 shares were traded in the counter, compared with an average volume of 17,797 shares in the past one quarter.

The stock hit a high of Rs 383 and a low of Rs 372.65 so far during the day. The stock hit a record high of Rs 408.40 on 19 November 2014. The stock hit a 52-week low of Rs 74 on 17 December 2013.

The stock had outperformed the market over the past one month till 8 December 2014, rising 5.41% compared with 0.9% rise in the Sensex. The scrip had also outperformed the market in past one quarter, jumping 39.2% as against Sensex's 2.93% rise.

The small-cap firm has an equity capital of Rs 17.51 crore. Face value per share is Rs 10.

MBL Infrastructures said that the qualified institutional placement (QIP) Committee of the company at its meeting held on 8 December 2014, has approved the closure of the QIP on 8 December 2014. The QIP Committee also approved issue price of Rs 365.18 per share, which is at a discount of Rs 19.22 per share, to the floor price of Rs 384.40 per share, for the equity shares to be allotted to eligible qualified institutional buyers in the QIP; and approved and adopted the Placement Document (PD) dated 8 December 2014, in connection with the QIP.

MBL Infrastructures' consolidated net profit jumped 154.6% to Rs 21.97 crore on 15% rise in total income to Rs 352.03 crore in Q2 Septemeber 2014 over Q2 September 2013.

MBL Infrastructures is engaged in execution of civil engineering projects with specialisation in roads & highways. The company posseses a rich experience in road building and maintenance. The company has an integrated business model for EPC and BOT projects.