E to E Transportation Infrastructure IPO
Open SmeCurrent GMP
₹162 (+93.10%)
Price Band
₹ 164 – 174
Lot Size
800
Issue Size
₹84.22 Cr
Minimum Investment
₹278400 (1600 Shares)
Listing Date
02 January 2026
Subscription
527.76x
About the Company
Incorporated in 2010, E To E Transportation Infrastructure Limited is an ISO 9001:2015 certified company engaged in providing system integration and engineering solutions for the railway sector.
The company offers a comprehensive range of services, including Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects and System Integration, Private Sidings, and operates an Engineering Design and Research Centre (EDRC). It serves the mainline, urban transit, and private siding segments, delivering end-to-end rail engineering solutions covering design, procurement, installation, and testing.
E To E Transportation Infrastructure Limited’s expertise encompasses signaling and telecommunication systems, track electrification, and turnkey railway infrastructure projects involving both civil and track components. Over the years, the company has executed projects for zonal railways, public sector undertakings under Indian Railways, corporate entities with private rail sidings, and infrastructure developers in India as well as select international markets.
Notable projects include:
- CBTC signaling for Hyderabad Metro and Nagpur Metro
- Signaling and telecommunication modernization for Vizag Steel Plant and NUPPL Power Plant
- Electronic interlocking system upgrades for Hosur–Salem section
- Siding expansion for Gujarat Pipavav Port with DFCC connectivity
- Platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1
As of June 30, 2025, the company’s order book comprised 49 ongoing contracts valued at ₹43,964.38 lakh.
As of July 31, 2025, E To E Transportation Infrastructure Limited employed 425 full-time personnel.
Promoters
- Zephyr Mantra LLC
- Ventureast ETOE LLP
- Sourajit Mukherjee
- Vinay Kunjuri Panduranga Rao
Promoters Holding
Holding Pre Issue
45.19%
Holding Post Issue
32.51%
Objects of the Issue
The Company E to E Transportation Infrastructure IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To fund Working capital requirement of the company
- General Corporate Purpose
Address / Contact Info
E to E Transportation Infrastructure Ltd.
10th Floor, Sattva Galleria
Survey, Nos. 19/2 and 20/1,
Bellary Road, Byatarayanapura, Bangalore North
Bangalore Urban, Karnataka, 560092
Email: srilakshmi.surendran@etoerail.com
Website: https://etoerail.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 26 December 2025
IPO Close Date
Tuesday, 30 December 2025
Basis of Allotment
Wednesday, 31 December 2025
Initiation of Refunds
Thursday, 01 January 2026
Credit of Shares to Demat
Thursday, 01 January 2026
Listing Date
Friday, 02 January 2026 — NSE & BSE
Important Dates
Open Date
26 December 2025
Close Date
30 December 2025
Basis Of Allotment
31 December 2025
Listing Date
02 January 2026
Financial Performance (₹ in Crores)
| Particular | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 310.84 | 295.44 | 200.89 | 145.16 |
| Revenue | 112.78 | 253.82 | 172.5 | 135.7 |
| Profit After Tax | -7.49 | 13.99 | 10.26 | 8.15 |
| Net Worth | 108.7 | 116.05 | 66.86 | 57.15 |
| Reserve & Surplus | 96.28 | 115.68 | 66.67 | 56.95 |
| Total Borrowings | 113.51 | 66.18 | 61.18 | 43.11 |
EPS Pre
11.27%
EPS Post
0.00%
P/E Pre
15.44
P/E (Post Issue)
0.00x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 15.72 | 15.67 | 14.59 |
| ROCE % | 15.69 | 15.68 | 14.21 |
| Debt / Equity | 0.57 | 0.91 | 0.75 |
| RoNW % | 12.39 | 14.53 | 13.6 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 5.73 | 5.71 | 5.77 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 919200 | 28.56 | 0 |
| Non-Institutional | 689600 | 21.43 | 0 |
| BNII | 459200 | 14.27 | 0 |
| SNII | 230400 | 7.16 | 0 |
| Retail Investors | 1609600 | 50.01 | 0 |
| Total | 3218400 | 100 | 0 |
Subscription Status ( Tue, 30 Dec 25 01:45 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 919200 | 217211200 | 236.3x |
| Non-Institutional | 689600 | 601948000 | 872.89x |
| BNII | 459200 | 472405600 | 1028.76x |
| SNII | 230400 | 129542400 | 562.25x |
| Retail Investors | 1609600 | 879387200 | 546.34x |
| Total | 3218400 | 1698546400 | 527.76x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| E to E Transportation Infrastructure Ltd | 10 | 0.00 | 11.58 | 11.58 | 12.39 | 93.47 |
| Texmaco Rail & Engineering Ltd. | 1 | 16.78 | 6.24 | 6.21 | 8.90 | 70.02 |
| KEC International Ltd. | 2 | 32.37 | 21.80 | 21.80 | 10.67 | 200.88 |
| Ircon international Ltd | 2 | 19.83 | 7.73 | 7.73 | 11.50 | 67.26 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | 278,400.00 |
| Retail (Max) | 2 | 1,600 | 278,400.00 |
| S-HNI (Min) | 3 | 2,400 | 417,600.00 |
| S-HNI (Max) | 7 | 5,600 | 974,400.00 |
| B-HNI (Min) | 8 | 6,400 | 1,113,600.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- Hem Securities Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
E to E Transportation Infrastructure IPO is a Book-building IPO worth ₹84.22 crores. The price band is ₹164 to 174 per share. The IPO opens on Fri, Dec 26, 2025 and closes on Tue, Dec 30, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The E to E Transportation Infrastructure IPO opens on Fri, Dec 26, 2025 and closes on Tue, Dec 30, 2025
E to E Transportation Infrastructure IPO Price Band is ₹164 to 174.
E to E Transportation Infrastructure IPO lot size is 800, and the minimum amount required for application is ₹278400.
The minimum investment for E to E Transportation Infrastructure IPO is approximately ₹278400 based on the upper price band.
To apply for the E to E Transportation Infrastructure IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Dec 30, 2025. After submission, funds are blocked until the basis of allotment of E to E Transportation Infrastructure IPO is finalised.
E to E Transportation Infrastructure IPO issue size is ₹84.22 crores.
E to E Transportation Infrastructure IPO allotment date is Sat, Jun 27, 2026.
The registrar for E to E Transportation Infrastructure IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to E to E Transportation Infrastructure IPO through their official website or helpline.
The E to E Transportation Infrastructure IPO GMP (Grey Market Premium) is ₹162 as of Fri, Jan 2, 2026. Based on the upper price band of ₹174 per share, the estimated E to E Transportation Infrastructure IPO listing price is ₹336, indicating a potential listing gain of approximately 31% over the issue price.