Mumbai-headquartered Excel Infoway is entering the capital market with its initial public offer of 5.7 crore equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process to finance its expansion plans.

The price band of the issue has been fixed at Rs 80-85 a share. The initial public offering (IPO) will open on July 14 and close on July 17, 2009.

The issue will constitute 26.93% of the fully diluted post issue paid-up capital of the company.

Excel Infoway, a business process outsourcing (BPO) and Customer contact centre and caters primarily to clients from telecommunication and financial sectors. The firm is registered member of NASSCOM.

The equity shares are proposed to be listed on Bombay Stock Exchange of India (BSE) and National Stock Exchange (NSE).