Bookbuilding IPO | ₹84 Cr | Listed at NSE SME | Fri, Dec 26, 2025 - Tue, Dec 30, 2025
E to E Transportation Infrastructure IPO is a book build issue of ₹84.22 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹84.22 crore.
E to E Transportation Infrastructure IPO bidding started from Dec 26, 2025 and ended on Dec 30, 2025. The allotment for E to E Transportation Infrastructure IPO was finalized on Dec 31, 2025. The shares got listed on NSE SME on Jan 2, 2026.
E to E Transportation Infrastructure IPO price band is set at ₹174 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,78,400 (1,600 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (2,400 shares), amounting to ₹4,17,600.
Hem Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Hem Finlease Pvt.Ltd..
Refer to E to E Transportation Infrastructure IPO RHP for detailed Information.
IPO Open
Fri, Dec 26, 2025
IPO Close
Tue, Dec 30, 2025
Issue Price
₹174 per share
Market Cap (Pre-IPO)
₹300.28 Cr
| IPO Date | 26 to 30 Dec, 2025 |
| Listed on | Fri, Jan 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹164 to ₹174 |
| Issue Price | ₹174 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 48,40,000 shares (agg. up to ₹84 Cr) |
| Reserved for Market Maker | 2,44,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 45,96,000 shares (agg. up to ₹80 Cr) |
| Net Offered to Public | 45,96,000 shares (agg. up to ₹80 Cr) |
| Share Holding Pre Issue | 1,24,17,570 shares |
| Share Holding Post Issue | 1,72,57,570 shares |
| NSE Symbol | E2ERAIL |
| ISIN | INE1CEJ01017 |
E to E Transportation Infrastructure IPO comprises a total issue size of 48,40,000 shares. The net offer to the public is 45,96,000 shares, after excluding 2,44,000 shares allotted on a firm basis. Of the Net offer 22,96,800 (49.97%) are allocated to QIB, 6,89,600 (15.00%) allocated to NII 16,09,600 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 22,96,800 | 49.97% | 47.45% |
| − Anchor Investor Shares Offered | 13,77,600 | 28.46% | |
| − QIB (Ex. Anchor) Shares Offered | 9,19,200 | 18.99% | |
| NII (HNI) Shares Offered | 6,89,600 | 15.00% | 14.25% |
| − bNII > ₹10L | 4,59,200 | 9.49% | |
| − sNII < ₹10L | 2,30,400 | 4.76% | |
| Retail Shares Offered | 16,09,600 | 35.02% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,44,000 | 5.04% | |
| Total Shares Offered | 48,40,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples of 800 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,600 | ₹2,78,400 |
| Individual investors (Retail) (Max) | 2 | 1,600 | ₹2,78,400 |
| S-HNI (Min) | 3 | 2,400 | ₹4,17,600 |
| S-HNI (Max) | 7 | 5,600 | ₹9,74,400 |
| B-HNI (Min) | 8 | 6,400 | ₹11,13,600 |
E to E Transportation Infrastructure IPO raises ₹23.97 crore from anchor investors. E to E Transportation Infrastructure IPO Anchor bid date is December 24, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 24, 2025 |
| Shares Offered | 13,77,600 |
| Anchor Portion (₹ Cr.) | 23.97 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 30, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 31, 2026 |
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.
Service Offerings: Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects and System Integration, Private Sidings and Engineering Design and Research Centre (EDRC). The company operates across mainline, urban transit, and private siding segments, offering end-to-end rail engineering services including design, procurement, installation, and testing.
The company’s expertise spans signaling and telecommunication systems, track electrification, and turnkey railway infrastructure projects involving civil and track components. Over the years, it has executed projects for zonal railways, public sector undertakings under Indian Railways, corporate entities with private rail sidings, and infrastructure development companies in India and select international markets.
Its major projects include CBTC signaling for Hyderabad and Nagpur Metro, signaling and telecommunication modernisation for Vizag Steel Plant and NUPPL Power Plant, electronic interlocking system upgrades for Hosur–Salem, siding expansion for Gujarat Pipavav Port with DFCC connectivity, and platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1.
As of Sep 30, 2025, the company’s order book comprised 50 ongoing contracts valued at ₹40,110.37 lakhs.
As of Nov 30, 2025 the company has 353 full time employees.
Competitive Strengths
E to E Transportation Infrastructure Ltd.'s revenue increased by 47% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 310.84 | 295.44 | 200.89 | 145.16 |
| Total Income | 112.78 | 253.82 | 172.50 | 135.70 |
| Profit After Tax | -7.49 | 13.99 | 10.26 | 8.15 |
| EBITDA | -3.88 | 26.57 | 18.34 | 13.28 |
| NET Worth | 108.70 | 116.05 | 66.86 | 57.15 |
| Reserves and Surplus | 96.28 | 115.68 | 66.67 | 56.95 |
| Total Borrowing | 113.51 | 66.18 | 61.18 | 43.11 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 70.00 |
| 2 | General Corporate Purpose | 4.13 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 15.72% |
| ROCE | 15.69% |
| Debt/Equity | 0.57 |
| RoNW | 12.39% |
| PAT Margin | 5.73% |
| EBITDA Margin | 10.59% |
| Price to Book Value | 1.86 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 11.27 | -ve |
| P/E (x) | 15.44 | -ve |
| Promoter Holding | 45.19% | 32.51% |
| Market Cap | ₹300.28 Cr. |
The E to E Transportation Infrastructure IPO is subscribed 526.56 times on December 30, 2025 6:19:58 PM (Day 3). The public issue subscribed 544.28 times in the individual investors category, 236.30 times in the QIB category, and 872.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 236.30 | 9,19,200 | 21,72,11,200 | 195 |
| NII* | 872.09 | 6,89,600 | 60,13,94,400 | 1,17,692 |
| bNII (bids above ₹10L) | 1,026.44 | 4,60,000 | 47,21,61,600 | |
| sNII (bids below ₹10L) | 562.86 | 2,29,600 | 12,92,32,800 | |
| Individual Investor | 544.28 | 16,09,600 | 87,60,70,400 | 5,47,544 |
| Total | 526.56 | 32,18,400 | 1,69,46,76,000 | 6,65,431 |
Total Application : 6,65,431
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 4.47 |
| 2 | Fees Payable to Registrar to the Issue | 0.08 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.13 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.44 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.01 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.28 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Uploading fees and Miscellaneous Expenses) | 4.67 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹174.00 |
| Open | ₹330.60 |
| Low | ₹314.20 |
| High | ₹347.10 |
| Last Trade | ₹327.80 |
Lead Manager Reports
E to E Transportation Infrastructure IPO is a SME IPO of 48,40,000 equity shares of the face value of ₹10 aggregating up to ₹84 Crores. The issue is priced at ₹174 per share. The minimum order quantity is 800.
The IPO opens on Fri, Dec 26, 2025, and closes on Tue, Dec 30, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in E to E Transportation Infrastructure IPO using UPI as a payment gateway. Zerodha customers can apply in E to E Transportation Infrastructure IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in E to E Transportation Infrastructure IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
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 lot size is 800, and the minimum amount required for application is ₹2,78,400, with 2 lots being the minimum application size.
You can apply in E to E Transportation Infrastructure IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for E to E Transportation Infrastructure IPO will be done on Wednesday, December 31, 2025, and the allotted shares will be credited to your demat account by Thu, Jan 1, 2026. Check the E to E Transportation Infrastructure IPO allotment status.
The E to E Transportation Infrastructure IPO listing date is on Fri, Jan 2, 2026.
