E to E Transportation Infrastructure NSE SME

E to E Transportation SME IPO

Listed

NSE SMEOpens 26 December 2025Closes 30 December 2025

E To E Transportation Infrastructure Limited, established in 2010, is an ISO 9001:2015 certified system integrator and engineering solutions provider for the railway sector. The company specializes in Signaling and…

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Live GMPSubscriptionAllotment
Price band
₹164 - ₹174
Issue size
₹79.97 Cr
Lot size
800 shares
Type
NSE SME
GMP
₹162 (+93.1%)
Est. listing
₹336
Est. profit / app
₹2,59,200
Retail quota
33.26%

Key ratios

As per RHP / filings
Face value
₹10
EPS
11.27
P/E ratio
15.44
RoNW
12.39%
ROE
15.72%
Debt / Equity
0.57
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Timeline

  1. IPO Opens

    26 Dec 2025

  2. IPO Closes

    30 Dec 2025

  3. Allotment

    31 Dec 2025

  4. Listing

    2 Jan 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date26 December 2025
IPO Close Date30 December 2025
Allotment Date31 December 2025
Listing Date2 January 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,78,400
SHNI (Min)
3₹4,17,600
SHNI (Max)
7₹9,74,400
BHNIAbove ₹10,00,000
8₹11,13,600

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)47.45%
NII (Non-Institutional Investor)14.25%
SHNI (Small Non-Institutional Investor)4.74%
BHNI (Big Non-Institutional Investor)9.50%
Retail33.26%
Market Maker5.04%
Total100.00%

IPO Objectives

  • To meet working capital requirements (₹70.00 Cr).
  • General Corporate Purposes.

Strengths

  • The company possesses End-to-End Project Execution capabilities, managing activities from design to commissioning, which ensures superior control and operational efficiency.
  • It has a Diversified Order Book with over ₹400 Crores in unexecuted contracts, providing clear revenue visibility for the next 18-24 months.
  • The business employs an Asset-Light Model by utilizing subcontractors for machinery, allowing for significant operational flexibility and lower capital lock-in.
  • The company operates in a Specialized Niche, with expertise in complex signaling (CBTC) and Metro rail infrastructure, which are high-growth segments in India's infrastructure push.
  • It is led by Experienced Leadership and a skilled technical workforce with established, long-term relationships across Indian Railways and various Metro agencies.

Weaknesses

  • The company reported an H1 FY26 Loss of ₹7.49 Cr, which raises significant concerns regarding margin sustainability and recent operational performance.
  • Projects are subject to Execution and Regulatory Delays, as railway and urban transit works are prone to site-clearance issues that can disrupt cash flows.
  • The business is Working Capital Intensive, with ₹70 Cr of the IPO proceeds required specifically to bridge the gap in upfront capital needs.
  • There is high Customer Concentration and reliance on government contracts, where payment cycles are often extended and subject to bureaucratic processes.
  • The company has faced Negative Operating Cash Flows in previous years, primarily due to high levels of inventory and slow receivables collection.
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Financial Performance

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets (₹ Cr.)310.84295.44200.89145.16
Revenue (₹ Cr.)112.78253.82172.5135.7
PAT (₹ Cr.)-7.4913.9910.268.15
Net Worth (₹ Cr.)108.7116.0566.8657.15

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
E to E Transportation1.8615.4415.72%108.7
Texmaco Rail & Engineering1.9227.347.37%2,830
KEC International3.4528.5312.11%5,347

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB2.25x6.32x236.3x
NII8.56x181.85x872.09x
S-HNI9.89x149.28x562.86x
B-HNI7.89x198.11x1,026.44x
RII9.89x169.58x544.28x
Total7.42x125.58x526.56x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB9,19,20021,72,11,2003,779.47
NII6,89,60060,13,94,40010,464.26
Small NII2,29,60012,92,32,8002,248.65
Big NII4,60,00047,21,61,6008,215.61
RII16,09,60087,60,70,40015,243.62
Total32,18,4001,69,46,76,00029,487.36
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Company Details

  • E to E Transportation Infrastructure Ltd.
  • 10th Floor, Sattva Galleria, Survey Nos. 19/2 and 20/1, Bellary Road, Byatarayanapura, Bangalore North, Bangalore-560092, Karnataka
  • +91-22-4918 6270
  • srilakshmi.surendran@etoerail.com
  • https://etoerail.com/

Registrar Details

Frequently Asked Questions

What is the business focus of E to E Transportation Infrastructure?
E to E Transportation is a specialized rail engineering and system integrator. It provides end-to-end solutions for signaling, telecommunication, track electrification, and Metro rail infrastructure across India.
When does the E to E Transportation IPO open and close?
The IPO opened on December 26, 2025, and is scheduled to close on December 30, 2025.
What is the IPO price band and minimum retail investment?
The price band is fixed at ₹164 to ₹174 per share. A retail investor needs to apply for a minimum of 2 lots (1,600 shares), costing ₹2,78,400.
What is the current Grey Market Premium (GMP) for the IPO?
As of December 28, 2025, the GMP is approximately ₹145, suggesting an estimated listing price of ₹319 (a potential listing gain of ~83%).
How was the subscription status after Day 1?
The IPO saw a strong response, getting subscribed 7.42 times on the first day, with the retail and NII portions leading the demand at nearly 10x each.
Where will the shares be listed and what is the allotment date?
The shares will list on the NSE SME platform. Allotment is expected on December 31, 2025, with a tentative listing date of January 2, 2026.

E to E Transportation SME IPO News & Updates

Follow the latest updates for E to E Transportation SME IPO, including grey market moves and allotment news.

E to E Transportation SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

E to E Transportation SME IPO Details

Issue size, price, financials, and company info

E to E Transportation SME IPO GMP

Live grey market premium and listing estimate

E to E Transportation SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

E to E Transportation SME IPO Allotment

Allotment date, chances, and check by PAN

E to E Transportation SME IPO Review

SWOT, strengths, risks, and IPO review

E to E Transportation SME IPO FAQ

Common questions on dates, GMP, and allotment

E to E Transportation SME IPO Registrar

Registrar website and how to check allotment

E to E Transportation SME IPO Timeline

Open, close, allotment, and listing dates

E to E Transportation SME IPO News

Updates, blogs, and latest IPO news

Sources

We match E to E Transportation SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Pvt.Ltd.Official site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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