E to E Transportation Infrastructure IPO Details
| IPO Open Date | December 26, 2025 |
| IPO Close Date | December 30, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹164 to ₹174 Per Share |
| Issue Size | Approx ₹84.22 Crores |
| Fresh Issue | Approx ₹84.22 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
E to E Transportation Infrastructure IPO Review & Key Points
- Review:
E to E Transportation Infrastructure IPO Market Lot
The E to E Transportation IPO minimum market lot is 1,600 shares with ₹2,78,400 application amount.
| Application | Lot Size | 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 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 13,77,600 Shares | 28.46% |
| QIB (Ex. Anchor) | 9,19,200 Shares | 18.99% |
| NII Shares Offered | 6,89,600 Shares | 14.25% |
| Retail Shares Offered | 16,09,600 Shares | 33.26% |
E to E Transportation Infrastructure IPO Anchor Investors
| Anchor Bidding Date | December 24, 2025 |
| Anchor Investors List | |
| Shares Offered | 13,77,600 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 30, 2026 |
| lock-in period end date 50% shares (90 Days) | March 31, 2026 |
E to E Transportation Infrastructure IPO Dates
The E to E Transportation Infrastructure IPO date is December 26 and the close date is December 30. The E to E Transportation Infrastructure IPO allotment will be finalized on December 31 and the IPO listing on January 2.
| IPO Open Date: | December 26, 2025 |
| IPO Close Date: | December 30, 2025 |
| Basis of Allotment: | December 31, 2025 |
| Refunds: | January 1, 2026 |
| Credit to Demat Account: | January 1, 2026 |
| IPO Listing Date: | January 2, 2026 |
| IPO Bidding Cut-off Time: | December 30, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Zephyr Mantra LLC and Ventureast ETOE LLP and Sourajit Mukherjee.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,24,17,570 | 45.19% |
| Promoter Holding Post Issue | 1,72,57,570 | 32.51% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| To meet working capital requirements | ₹70.00 |
| General Corporate Purpose | ₹- |
About E to E Transportation Infrastructure IPO
E To E Transportation Infrastructure Limited, founded in 2010, is one of the leading companies that offers engineering and system integration solutions for the railway sector. Its services include Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects and System Integration, Private Sidings, and Engineering Design and Research Centre (EDRC).
From design and procurement to installation and testing, the company provides complete rail engineering services. Over the years, the company has worked with Indian Railways, public sector units, private sidings, and infrastructure companies in India. Moreover, the company includes a total of 425 employees as of July 31, 2025.
Its key project includes:
- Platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1.
- CBTC signaling for Hyderabad and Nagpur Metro
- Signaling upgrades for Vizag Steel Plant and NUPPL Power Plant
- Electronic interlocking upgrades on the Hosur–Salem route
- Siding expansion at Gujarat Pipavav Port with DFCC connectivity
E to E Transportation Infrastructure IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹135.70 | ₹125.13 | ₹8.15 | ₹145.16 |
| 2024 | ₹172.50 | ₹158.41 | ₹10.26 | ₹200.89 |
| 2025 | ₹253.82 | ₹235.33 | ₹13.99 | ₹295.44 |
| September 2025 | ₹112.78 | ₹122.95 | ₹7.49 | ₹310.84 |
E to E Transportation Infrastructure IPO Valuation – FY2025
Check E to E Transportation Infrastructure IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 15.72% |
| ROCE: | 15.69% |
| EBITDA Margin: | 10.59% |
| PAT Margin: | 5.73% |
| Debt to equity ratio: | 0.57 |
| Earning Per Share (EPS): | ₹11.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.39% |
| Net Asset Value (NAV): | ₹93.47 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Texmaco Rail & Engineering Ltd. | 6.24 | 22.21 | 8.90% | 70.02 | 5,106.57 Cr. |
| KEC International Ltd. | 21.8 | 39.50 | 10.67% | 200.88 | 21,846.70 Cr. |
| Ircon international Limited | 7.73 | 21.59 | 11.50% | 67.26 | 10,759.58 Cr. |
IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
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
Phone:
E-mail: [email protected]
Website: https://etoerail.com/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
E to E Transportation Infrastructure IPO FAQs
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Note: The E to E Transportation Infrastructure IPO price band and date are officially announced. The (E to E Transportation Infrastructure IPO grey market premium) will be added to the IPO GMP page as it will start).
