Real estate construction company Capacit’e Infraprojects Ltd has fixed a price band of Rs 245–250 per share for its Rs 400-crore Initial Public Offering (IPO). The IPO will open on September 13 and closes on September 15.

The company proposes to utilise the net proceeds for funding working capital requirements, purchase of capital assets (system formwork) and general corporate purposes.

Axis Capital, IIFL Holdings and Vivro Financial Services are the book-running lead managers to the issue and Karvy Computershare Private is the registrar.

Following the IPO, Capacit'e Infraprojects proposes to list its shares on NSE and BSE.