Supreme Infrastructure managed to get listed on National Stock Exchange at Rs 187 with a gain of nearly Rs 80. The infrastructure development company offered shares at Rs 108. The stock touched a high of Rs 224 and a low of Rs 170. The stock offered a return of 74%.
Till 1.30 pm, 3,624,910 shares were traded on NSE. The company offered 347.5 million shares within a price band of Rs 95 to Rs 108. The Initial Public Offer was over-subscribed by 53 times.
The company raised money from Stock Markets to finance its expansion plans. The company will soon add more capacity to its RMC plants. The company also plans to enter real estate market in coming quarters.