MBL Infrastructure settled at Rs 205.75 on BSE, a 14.30% premium over the initial public offer price of Rs 180. The stock debuted at Rs 190 on the BSE, a 5.55% premium over initial public offer price. The stock hit a high of Rs 218 and a low of Rs 190.

The counter clocked volume of 52.99 lakh shares on the BSE

MBL's initial public offer (IPO) closed on 1 December 2009, with total bids for 95.77 lakh shares as against 48.6 lakh shares on offer.

The current market price of Rs 205.75, discounts the the company's year ended March 2009, consolidated EPS of Rs 15.70, by a PE multiple of 13.10

The company had fixed the issue price at the top end of the Rs 165 to Rs 180 per share price band.

Out of the total issue size of 57 lakh shares, 8.4 lakh shares were allotted to anchor investors, which includes 4.2 lakh shares allotted to Reliance Capital Trustee Company's Reliance Infrastructure Fund and 4.2 lakh shares were allotted to The GMO Emerging Illiquid Mauritius Fund at Rs 182 per share.

MBL Infrastructures is engaged in the business of construction and maintenance of roads and highways, industrial infrastructure projects and other civil engineering projects for various government bodies and other clients. It is also engaged in steel trading and waste management at major steel plants.

The company intends to use the issue proceeds to meet capital expenditure on procurement of construction equipments, funding working capital requirements and meeting general corporate requirements.

As per company's consolidated result, net profit rose 76.2% to Rs 27.4 crore on 74.72% rise in sales to Rs 513.64 crore in the year ended March 2009 over the year ended March 2008.