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Mumbai, Oct. 18 Supreme Infrastructure India Ltd made its debut on the NSE and BSE at a premium of 73.61 per cent and 75 per cent respectively compared with the offer price of Rs 108. On the NSE, it touched a high of Rs 220 and a low of Rs 165.15 before closing at Rs 166.10. It traded a total of 6,900,423 shares. Whereas on the BSE it traded at a high price of Rs 224 and a low of Rs 167.15 before closing at Rs 175.25. It traded a total of 4,728,152 shares.

Supreme Infrastructure India has listed its 1.38 crore shares at an issue price of Rs 108 each on bourses today. The initial public offering of the company was subscribed over 52 times.

The company had offered 34.75 lakh shares in the IPO in a price-band of Rs 95-108 per share. The proceeds will go into part-financing its expansion plans and to meet its long-term capital requirements. Supreme Infrastructure also plans to venture into the construction contracting activity in realty projects.

The company is engaged in construction of roads and highways. It has bagged the Kurla-Thane railway line expansion project, which is funded by the World Bank.

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