MUMBAI:  MBL Infrastructure today listed at a premium of 5.56 % at Rs 190 on the Bombay Stock Exchange.

The scrip, which had an issue price of Rs 180, soared 21.11 % within minutes of listing to a high of Rs 218 in the morning trade.

On the National Stock Exchange, the stock listed with a gain of 2.78 % at Rs 185. It surged to a high of Rs 219.40,up 22 % over its issue price.

On the volume front over 50 lakh shares changed hands on both the exchanges.

MBL Infrastructure, which had raised over Rs 100 crore through initial share sale, today listed over 1.75 crore shares on the bourses.

The infrastructure developer, which entered the capital market with its IPO late last year, has fixed the issue price at Rs 180 per share -- the upper end of its price band.

The company intends to utilise the IPO proceeds to part finance capital equipment and working capital requirements.

MBL Infra is the fourth company to be listed on the stock exchanges this year. Last week, JSW Energy, realty developer Godrej Properties and media firm DB Corp witnessed decent listing on the bourses.

The stock was trading 13.39 % higher at Rs 204.10 on BSE, while at NSE the scrip was quoted at Rs 205.25, up by 14.03%, at 0930 hrs.