The company made announcement after market hours on Friday, 23 January 2015.

Meanwhile, the S&P BSE Sensex was up 46.09 points or 0.16% at 29,324.93.

On BSE, so far 3,728 shares were traded in the counter as against average daily volume of 12,203 shares in the past one quarter.

The stock hit a high of Rs 274 and a low of Rs 265.15 so far during the day. The stock had hit a record high of Rs 438.75 on 20 June 2014. The stock had hit a 52-week low of Rs 188.05 on 29 January 2014.

The stock had underperformed the market over the past one month till 23 January 2015, gaining 5.95% compared with Sensex's 6.44% rise. The scrip had also underperformed the market in past one quarter, falling 17.33% as against Sensex's 9.04% rise.

The small-cap company has equity capital of Rs 22.09 crore. Face value per share is Rs 10.

Supreme Infrastructure India said that the Investment committee of the company at its meeting held on 23 January 2015, decided to issue and allot 36.06 lakh equity shares of face value Rs 10 each to eligible qualified institutional buyers (QIBs) at a price of Rs 277.39 per equity share (including a premium of Rs 267.39 per equity share), aggregating approximately Rs 100.03 crore.

Shares will be alloted to QIBs at a premium of 2.18% over the ruling price.

Supreme Infrastructure India's net profit fell 70.5% to Rs 2.59 crore on 3.4% rise in total income to Rs 325.19 crore in Q2 September 2014 over Q2 September 2013.

The company has been formed to undertake engineering works of unrestricted value with most of the Government departments, public & private sector organisations.