E to E Transportation Infrastructure IPO is a book build issue of 48,40,000 shares [₹84.22 crore]. The issue is a combination of a fresh issue of 48,40,000 shares [₹84.22 crore].
The E to E Transportation Infrastructure IPO will open for subscription on December 26, 2025, and close on December 30, 2025. The price band for the IPO is fixed at ₹164 to ₹174 per share. The minimum application size is 2 lot [1,600 shares], requiring a retail investor to invest at least ₹2,78,400 [based on the upper price band].
E to E Transportation Infrastructure IPO Details
| Open Date | December 26, 2025 |
| Close Date | December 30, 2025 |
| Issue Type | Book Building Issue |
| Face Value | ₹10 Equity Share |
| Price Band | ₹164 – ₹174 Per Share |
| Listing On | NSE, SME |
| Issue Size | ₹84.22 Cr. [48,40,000 Shares] |
| Fresh Issue | ₹84.22 Cr. [48,40,000 Shares] |
| Offer For Sale | Not Applicable |
| Prospectus | DRHP | RHP | Anchor Investors |
E to E Transportation Infrastructure IPO Anchor Investors Details
| Anchor Bid Date | December 24, 2025 |
| Anchor Portion Size | ₹23.97 Cr. |
| Share Offered | 13,77,600 Shares |
| Anchor lock-in period end date for 50% shares [30 Days] | January 30, 2026 |
| Anchor lock-in period end date for remaining shares [90 Days] | March 31, 2026 |
E to E Transportation Infrastructure IPO Reservation
A total of 48,40,000 shares are on offer in the E to E Transportation Infrastructure IPO, of which 22,96,800 have been allotted to QIBs, 6,89,600 to NIIs, and 16,09,600 to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 47.45% | 22,96,800 |
| NII | 14.25% | 6,89,600 |
| RII | 33.26% | 16,09,600 |
| Market Maker | 5.04% | 2,44,000 |
| Total | 100.00% | 48,40,000 |
E to E Transportation Infrastructure IPO Market Lot
Retail investors can apply for the E to E Transportation Infrastructure IPO with a minimum and maximum of 2 lot of 1,600 shares for an application amount of ₹2,78,400.
| Application | Lot | Shares | Amount |
| Retail Minimum | 2 | 1,600 | ₹2,78,400 |
| Retail Maximum | 2 | 1,600 | ₹2,78,400 |
| S-HNI Minimum | 3 | 2,400 | ₹4,17,600 |
| S-HNI Maximum | 7 | 5,600 | ₹9,74,400 |
| B- HNI Minimum | 8 | 6,400 | ₹11,13,600 |
Key Performance Indicator
| KPI [March 31, 2025] | Value |
| Market Capitalisation | ₹300.28 Cr. |
| P/E Ratio | 15.44x |
| EPS | ₹11.27 |
| ROE | 15.72% |
| ROCE | 15.69% |
| RoNW | 12.39% |
| Dept/Equity | 0.57 |
| EBITDA Margin | 10.59% |
| PAT Margin | 5.73% |
| Net Assets Value | ₹93.47 |
| Price To Book Value | ₹1.86 |
E to E Transportation Infrastructure IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Texmaco Rail & Engineering | 22.21x | ₹6.24 | 8.90% | ₹70.02 |
| KEC International | 39.50x | ₹21.80 | 10.67% | ₹200.88 |
| Ircon international | 21.59x | ₹7.73 | 11.50% | ₹67.26 |
E to E Transportation Infrastructure IPO Dates
E to E Transportation Infrastructure IPO opening date is December 26, 2025, and the closing date is December 30, 2025. The IPO allotment will be finalized on December 31, 2025, and the IPO will be listed on January 02, 2026.
| Open Date | December 26, 2025 |
| Close Date | December 30, 2025 |
| Allotment Date | December 31, 2025 |
| Refund Date | January 01, 2026 |
| Share Credit Date | January 01, 2026 |
| Listing Date | January 02, 2026 |
E to E Transportation Infrastructure Company Financial Report [Restated]
E to E Transportation Infrastructure Limited income grew by 47.00% and profit after tax grew by 36.00% between the financial years ending March 31, 2025 and March 31, 2024.
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| September 2025 | ₹310.84 Cr. | ₹112.78 Cr. | ₹122.05 Cr. | ₹108.70 Cr. | ₹-7.49 Cr. | ₹-3.88 Cr. | ₹96.28 Cr. | ₹113.51 Cr. |
| March 2025 | ₹295.44 Cr. | ₹253.82 Cr. | ₹235.33 Cr. | ₹116.05 Cr. | ₹13.99 Cr. | ₹26.57 Cr. | ₹115.68 Cr. | ₹66.18 Cr. |
| March 2024 | ₹200.89 Cr. | ₹172.50 Cr. | ₹158.41 Cr. | ₹66.86 Cr. | ₹10.26 Cr. | ₹18.34 Cr. | ₹66.67 Cr. | ₹61.18 Cr. |
| March 2023 | ₹145.16 Cr. | ₹135.70 Cr. | ₹125.13 Cr. | ₹57.15 Cr. | ₹8.15 Cr. | ₹13.28 Cr. | ₹56.95 Cr. | ₹43.11 Cr. |
Company Promoters
- Zephyr Mantra LLC
- Ventureast ETOE LLP
- Sourajit Mukherjee
- Vinay Kunjuri Panduranga Rao
| Holding Pre Issue | 45.19% | 1,24,17,570 Shares |
| Holding Post Issue | 32.51% | 1,72,57,570 Shares |
E to E Transportation Infrastructure IPO Lead Managers
- Hem Securities Limited
E to E Transportation Infrastructure IPO Registrar
MUFG Intime India Private Limited
Phone: +91-22-4918 6270
Email: etoetransportation.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/
Note: Check E to E Transportation Infrastructure IPO Allotment Status Visit IPO Investors Allotment Page And Search Your Registrar IPO Allotment Status Link. Click Here…
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 specifically for the railway sector. The company focuses on delivering high-quality and reliable infrastructure solutions aligned with industry standards.
The company offers a comprehensive range of services, including Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects, System Integration, Private Sidings, and services through its Engineering Design and Research Centre (EDRC). It operates across mainline railways, urban transit systems, and private sidings, providing end-to-end rail engineering solutions covering design, procurement, installation, and testing.
E To E Transportation Infrastructure Limited has strong expertise in signaling and telecommunication systems, railway electrification, and turnkey railway infrastructure projects involving both civil and track components. This technical capability enables the company to handle complex and large-scale railway projects efficiently.
Over the years, the company has successfully executed projects for zonal railways and public sector undertakings under Indian Railways, as well as for corporate clients with private rail sidings. It has also worked with infrastructure development companies in India and select international markets, demonstrating its wide operational reach.
The company’s notable projects include CBTC signaling systems for Hyderabad and Nagpur Metro, signaling and telecommunication modernization for Vizag Steel Plant and NUPPL Power Plant, electronic interlocking system upgrades on the Hosur–Salem section, 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 September 30, 2025, the company had a strong order book consisting of 50 ongoing contracts with an aggregate value of ₹40,110.37 lakhs, reflecting healthy business visibility and growth potential.
As of November 30, 2025, E To E Transportation Infrastructure Limited employed 353 full-time professionals, forming a skilled workforce that supports efficient project execution and operational excellence.
The key strengths of the company include its capability to handle different stages of project execution, a strong and diversified order book, an experienced board and competent managerial team, a well-trained workforce, diverse project categories supported by an asset-light business model, and an established financial track record.
Objects Of The Issue
- To meet working capital requirements (₹70.00 Cr.)
- General Corporate Purpose
Company Address
E to E Transportation Infrastructure Limited
10th Floor, Sattva Galleria, Survey,
Nos. 19/2 and 20/1, Bellary Road,
Byatarayanapura, Bangalore North,
Bangalore-560092, Karnataka
E-mail: srilakshmi.surendran@etoerail.com
Website: https://etoerail.com/
E to E Transportation Infrastructure IPO FAQs
What is E to E Transportation Infrastructure IPO?
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 ₹84.22 Crores. The IPO issue priced at ₹164 to ₹174 per share.
What are the open and close dates of the E to E Transportation Infrastructure IPO?
The IPO will open on December 26, 2025 and will close on December 30, 2025.
What is the price band for E to E Transportation Infrastructure IPO?
The price band for the IPO is fixed at ₹164 to ₹174 per share.
What is the issue size of the E to E Transportation Infrastructure IPO?
The total issue size of the IPO is ₹84.22 Cr., comprising both fresh issue and offer for sale (if applicable).
What is E to E Transportation Infrastructure IPO Minimum and Maximum Lot Size?
The minimum and bid is 2 Lot, 1,600 Shares with ₹2,78,400 amount for the IPO.
What is E to E Transportation Infrastructure IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the E to E Transportation Infrastructure IPO be finalized?
The the IPO allotment is expected to be finalized on December 31, 2025.
When will the shares of E to E Transportation Infrastructure IPO get listed?
The IPO shares are expected to be listed on the NSE and SME on January 02, 2026.
Is the E to E Transportation Infrastructure IPO a good investment?
Investment decisions depend on an individual’s financial goals and risk profile. It is advised to consult with a SEBI-registered financial advisor before making any investment decision.
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| E to E Transportation Infrastructure IPO GMP |
| E to E Transportation Infrastructure IPO Subscription |
| E to E Transportation Infrastructure IPO Allotment |
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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