E to E Transportation Infrastructure IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Dec 26 to Dec 30 2025
Price Band
₹164 - 174
Current GMP
₹330.6 (+90%)
Subscription
526.56 times
IPO Details
| IPO Date | 26 to 30 Dec, 2025 |
| Listing Date | 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 |
| 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 (agg. up to ₹ 4 Cr) Hem Finlease Pvt.Ltd. |
| 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 |
IPO Date
26 to 30 Dec, 2025
Listing Date
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
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 (agg. up to ₹ 4 Cr) Hem Finlease Pvt.Ltd.
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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 236.30 |
| Non-Institutional Buyers*** | 872.09 |
| bNII (bids above ₹10L) | 1,026.44 |
| sNII (bids below ₹10L) | 562.86 |
| Individual Investors | 544.28 |
| Total ** | 526.56 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
236.30
Non-Institutional Buyers***
872.09
bNII (bids above ₹10L)
1,026.44
sNII (bids below ₹10L)
562.86
Individual Investors
544.28
Total **
526.56
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Dec 2 6, 2025 (Day 1) | 2.25 | 8.56 | 7.89 | 9.89 | 9.89 | 7.42 |
| Dec 2 9, 2025 (Day 2) | 6.32 | 181.85 | 198.11 | 149.28 | 169.58 | 125.58 |
| Dec 3 0, 2025 (Day 3) | 236.30 | 872.09 | 1,026.44 | 562.86 | 544.28 | 526.56 |
DayDec 2
6, 2025 (Day 1)
QIB (Ex Anchor)2.25
NII*8.56
NII (> ₹10L)7.89
NII (< ₹10L)9.89
Individual Investors9.89
Total7.42
DayDec 2
9, 2025 (Day 2)
QIB (Ex Anchor)6.32
NII*181.85
NII (> ₹10L)198.11
NII (< ₹10L)149.28
Individual Investors169.58
Total125.58
DayDec 3
0, 2025 (Day 3)
QIB (Ex Anchor)236.30
NII*872.09
NII (> ₹10L)1,026.44
NII (< ₹10L)562.86
Individual Investors544.28
Total526.56
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 02-01-2026 | 174.00 | 162(93.10%) | 336 |
| 01-01-2026 | 174.00 | 162(93.10%) | 336 |
| 31-12-2025 | 174.00 | 145(83.33%) | 319 |
| 30-12-2025 | 174.00 | 145(83.33%) | 319 |
| 29-12-2025 | 174.00 | 143(82.18%) | 317 |
| 28-12-2025 | 174.00 | 145(83.33%) | 319 |
| 27-12-2025 | 174.00 | 145(83.33%) | 319 |
| 26-12-2025 | 174.00 | 145(83.33%) | 319 |
| 25-12-2025 | 174.00 | 130(74.71%) | 304 |
| 24-12-2025 | 174.00 | 130(74.71%) | 304 |
| 23-12-2025 | 174.00 | 125(71.84%) | 299 |
| 22-12-2025 | 174.00 | 100(57.47%) | 274 |
| 21-12-2025 | 174.00 | 75(43.10%) | 249 |
| 20-12-2025 | 174.00 | 75(43.10%) | 249 |
| 19-12-2025 | 174.00 | 65(37.36%) | 239 |
Date02-01-2026
Price174.00
GMP162(93.10%)
Estimate List Price336
Date01-01-2026
Price174.00
GMP162(93.10%)
Estimate List Price336
Date31-12-2025
Price174.00
GMP145(83.33%)
Estimate List Price319
Date30-12-2025
Price174.00
GMP145(83.33%)
Estimate List Price319
Date29-12-2025
Price174.00
GMP143(82.18%)
Estimate List Price317
Date28-12-2025
Price174.00
GMP145(83.33%)
Estimate List Price319
Date27-12-2025
Price174.00
GMP145(83.33%)
Estimate List Price319
Date26-12-2025
Price174.00
GMP145(83.33%)
Estimate List Price319
Date25-12-2025
Price174.00
GMP130(74.71%)
Estimate List Price304
Date24-12-2025
Price174.00
GMP130(74.71%)
Estimate List Price304
Date23-12-2025
Price174.00
GMP125(71.84%)
Estimate List Price299
Date22-12-2025
Price174.00
GMP100(57.47%)
Estimate List Price274
Date21-12-2025
Price174.00
GMP75(43.10%)
Estimate List Price249
Date20-12-2025
Price174.00
GMP75(43.10%)
Estimate List Price249
Date19-12-2025
Price174.00
GMP65(37.36%)
Estimate List Price239
IPO Important Dates
| IPO Open | Fri, Dec 26, 2025 |
| IPO Close | Tue, Dec 30, 2025 |
| Allotment | Wed, Dec 31, 2025 |
| Refund | Thu, Jan 1, 2026 |
| Credit of Shares | Thu, Jan 1, 2026 |
| Listing | Fri, Jan 2, 2026 |
IPO Open
Fri, Dec 26, 2025
IPO Close
Tue, Dec 30, 2025
Allotment
Wed, Dec 31, 2025
Refund
Thu, Jan 1, 2026
Credit of Shares
Thu, Jan 1, 2026
Listing
Fri, Jan 2, 2026
IPO Lot Size
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,600
Amount₹2,78,400
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,600
Amount₹2,78,400
ApplicationS-HNI (Min)
Lots3
Shares2,400
Amount₹4,17,600
ApplicationS-HNI (Max)
Lots7
Shares5,600
Amount₹9,74,400
ApplicationB-HNI (Min)
Lots8
Shares6,400
Amount₹11,13,600
Key Performance Indicator
| 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 |
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
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| E to E Transportation Infrastructure | 11.58 | 11.58 | 93.47 | 12.39 | ||
| Texmaco Rail & Engineering | 6.24 | 6.21 | 70.02 | 22.21 | 8.90 | 1.49 |
| KEC International | 21.80 | 21.80 | 200.88 | 39.50 | 10.67 | 3.52 |
| Ircon international | 7.73 | 7.73 | 67.26 | 21.59 | 11.50 | 2.28 |
Company NameE to E Transportation Infrastructure
EPS (Basic)11.58
EPS (Diluted)11.58
NAV (₹ per share)93.47
P/E (x)
RoNW (%)12.39
P/BV Ratio
Company NameTexmaco Rail & Engineering
EPS (Basic)6.24
EPS (Diluted)6.21
NAV (₹ per share)70.02
P/E (x)22.21
RoNW (%)8.90
P/BV Ratio1.49
Company NameKEC International
EPS (Basic)21.80
EPS (Diluted)21.80
NAV (₹ per share)200.88
P/E (x)39.50
RoNW (%)10.67
P/BV Ratio3.52
Company NameIrcon international
EPS (Basic)7.73
EPS (Diluted)7.73
NAV (₹ per share)67.26
P/E (x)21.59
RoNW (%)11.50
P/BV Ratio2.28
IPO Reservation
| Market Maker Shares Offered | 2,44,000 (5.04%) |
| QIB Shares Offered | 22,96,800 (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 (14.25%) |
| − bNII > ₹10L | 4,60,000 (9.50%) |
| − sNII < ₹10L | 2,29,600 (4.74%) |
| Retail Shares Offered | 16,09,600 (33.26%) |
| Total Shares Offered | 48,40,000 (100.00%) |
Market Maker Shares Offered
2,44,000 (5.04%)
QIB Shares Offered
22,96,800 (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 (14.25%)
− bNII > ₹10L
4,60,000 (9.50%)
− sNII < ₹10L
2,29,600 (4.74%)
Retail Shares Offered
16,09,600 (33.26%)
Total Shares Offered
48,40,000 (100.00%)
Information about 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.
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
Objectives of IPO
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
Disclaimer
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