Ramky Infrastructure, the flagship company of the Ramky Group, is coming out with a public issue of equity shares. The issue will open on 21 September 2010 and will close on 23 September 2010. The company has fixed a price band of Rs 405-468 a share for the IPO.

The infrastructure firm plans to raise up to Rs 530 crore through the offer. It will issue fresh shares for up to Rs 350 crore and the balance Rs 180 crore through an offer for sale.

Ramky Infrastructure is an integrated construction and infrastructure development and management company in India. It has serviced a diverse range of construction and infrastructure projects in sectors as varied as water and waste water, transportation, irrigation, industrial parks (including SEZs), power transmission and distribution, residential, commercial and retail property.

Proceeds from the sale of fresh issue will be used for investment in capital equipments, working capital requirements and repayment of loans.