E to E Transportation Infrastructure IPO
GMP, Subscription, Price, Dates & Financial Details
Engineering - Construction
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…
Open Date
Fri, 26 Dec 2025
Close Date
Tue, 30 Dec 2025
Price Band
₹ 164 – 174
Lot Size
800
Issue Size
₹ 84.22 Cr
Minimum Investment
₹ 278,400 (1600 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
E to E Transportation Infrastructure IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹84.22 Crore.
The E to E Transportation Infrastructure IPO remained open for subscription from December 26, 2025, to December 30, 2025. The basis of allotment was finalized on December 31, 2025, and the company's shares were listed on NSE SME Platform on January 02, 2026.
The company had fixed the price band at ₹164 to ₹174 per share, with a lot size of 800 shares. Retail investors were required to make a minimum investment of ₹278,400 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Hem Securities Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, E To E Transportation Infrastructure Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
E to E Transportation Infrastructure IPO Timeline (Tentative)
- IPO Open Date
- Fri, 26 Dec 25
- IPO Close Date
- Tue, 30 Dec 25
- Basis of Allotment
- Wed, 31 Dec 25
- Initiation of Refunds
- Thu, 01 Jan 26
- Credit of Shares to Demat
- Thu, 01 Jan 26
- Listing Date
- Fri, 02 Jan 26 — NSE & BSE
Open Date
26 December 2025
Close Date
30 December 2025
Basis Of Allotment
31 December 2025
Listing Date
02 January 2026
IPO Subscription
Check Live Subscription →The E to E Transportation Infrastructure IPO has received bids for 1,69,85,46,400 shares against 32,18,400 shares offered, resulting in an overall subscription of 527.76x. the NII category is subscribed 872.89x, Retail Investors 546.34x, and QIBs 236.3x. Within the NII category, BNII is subscribed 1,028.76x, while SNII is subscribed 562.25x.
QIB
236.3x
NII
872.89x
BNII
1028.76x
SNII
562.25x
RII
546.34x
Total
527.76x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,09,600 shares, representing 50.01% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,19,200 shares (28.56%), while Non-Institutional Investors (NIIs) receive 6,89,600 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 919,200 | 28.56% |
| Non-Institutional | 689,600 | 21.43% |
| BNII | 459,200 | 14.27% |
| SNII | 230,400 | 7.16% |
| Retail Investors | 1,609,600 | 50.01% |
| Total | 3,218,400 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
E To E Transportation Infrastructure Limited KPI Information
| 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 |
| Pat Margin % | 5.73 | 5.71 | 5.77 |
Peers Comparison
| 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 |
About E To E Transportation Infrastructure Limited
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.
E to E Transportation Infrastructure IPO 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%
E to E Transportation Infrastructure IPO Objective
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
E To E Transportation Infrastructure Limited Address / Contact Details
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
E to E Transportation Infrastructure IPO Lot Size
The E to E Transportation Infrastructure IPO has a lot size of 800 shares. Retail investors require a minimum investment of ₹2,78,400 by applying for 2 lot (1,600 shares). The maximum application allowed for the retail category is 2 lots (1,600 shares), requiring an investment of ₹2,78,400.
| 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 |
Issue Reservation
- QIB — 28.56%
- NII — 21.43%
- RII — 50.01%
E to E Transportation Infrastructure IPO Registrar
MUFG Intime India Private Limited
Check Allotment StatusBook Running Lead Managers
- Hem Securities Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the E to E Transportation Infrastructure IPO?
E to E Transportation Infrastructure IPO is a Book-building IPO with a total issue size of ₹84.22 crore. The E to E Transportation Infrastructure IPO price band is ₹164 to 174 per share. The E to E Transportation Infrastructure IPO subscription opens on Fri, Dec 26, 2025, and closes on Tue, Dec 30, 2025. The E to E Transportation Infrastructure IPO will be listed on the NSE. MUFG Intime India Private Limited is the registrar for the E to E Transportation Infrastructure IPO.
When will the E to E Transportation Infrastructure IPO open for subscription?
The E to E Transportation Infrastructure IPO opens on Fri, Dec 26, 2025 and closes on Tue, Dec 30, 2025
What is E to E Transportation Infrastructure IPO Price Band?
E to E Transportation Infrastructure IPO Price Band is ₹164 to 174 per share.
What is E to E Transportation Infrastructure IPO Lot Size?
E to E Transportation Infrastructure IPO lot size is 800 shares, Retail investors need a minimum investment of ₹278400 based on the upper price band
What is the minimum investment for E to E Transportation Infrastructure IPO?
The minimum investment for E to E Transportation Infrastructure IPO is ₹278400, based on one lot of 800 shares at the upper price band of ₹174 per share.
How to apply for E to E Transportation Infrastructure IPO?
Investors can apply for the E to E Transportation Infrastructure IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Dec 30, 2025. The application amount remains blocked until the E to E Transportation Infrastructure IPO allotment is finalized.
What is E to E Transportation Infrastructure IPO Issue Size?
E to E Transportation Infrastructure IPO issue size is ₹84.22 crores.
What is the E to E Transportation Infrastructure IPO Allotment Date?
E to E Transportation Infrastructure IPO allotment date is Wed, Dec 31, 2025.
Who is the E to E Transportation Infrastructure IPO Registrar?
The registrar for E to E Transportation Infrastructure IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check E to E Transportation Infrastructure IPO allotment status, refund processing, and other IPO-related information.
What is the E to E Transportation Infrastructure IPO GMP?
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 93.10% over the issue price.
Who is the E to E Transportation Infrastructure IPO Lead Manager?
The book-running lead managers (BRLMs) for the E to E Transportation Infrastructure IPO are Hem Securities Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the E to E Transportation Infrastructure IPO Red Herring Prospectus (RHP).