E to E Transportation IPO Opens Today: Price Band Set at ₹164.00 to ₹174.00 Per Share 

Mumbai 26 December 2025: E to E Transportation IPO Opened for Subscription today, 26 December 2025 and closes on 26 December 2025. The IPO is a book build issue of ₹84.22 crores and is entirely a fresh issue of 0.48 crore shares without offer for sale component 

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.  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. 

Price Band Set at ₹164.00 to ₹174.00 Per Share; Lot Size 800 Shares 

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 opened for subscription on December 26, 2025, and will close on December 30, 2025. The allotment for the E to E Transportation Infrastructure IPO is expected to be finalized on December 31, 2025. E to E Transportation Infrastructure IPO will list on NSE SME with a tentative listing date fixed as January 2, 2026. 

E to E Transportation Infrastructure IPO price band is set at ₹164.00 to ₹174.00 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹2,78,400.00 (1,600 shares) (based on upper price). The minimum lot size investment for 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.  

Utilisation of Proceeds 

The Company proposes to utilise the net proceeds from the issue towards meet working capital requirements ₹70.00 crore and meet general corporate expenses. 

Key Financials and Performance Metric 

E to E Transportation Infrastructure Ltd. witnessed 47% revenue growth and 36% rise in PAT between FY24 and FY25.  Revenue from operations increased to ₹253.82 crore from ₹172.50 crore, while PAT rose to ₹139.9 9 crores from ₹102.6 8 crore. Total assets increased to ͏₹295.44 crore from ₹200.8 9 crore. 

The return on equity was 15.72% and return on capital employed 15.69% as of March 31, 20͏25. Return on net worth stood a͏t 12.39%, the PAT margin was 5.73%, and the EBITDA margin was 10.59%. The debt-͏to-equ­ity ratio stood at 0.57 and the price-to-book value was 1.86, indicating the levels of leverage and value within the compa­ny’͏s as t͏h͏e d͏a͏te financial situation. 

Subscription Status as of Day 1 

The E to E Transportation Infrastructure IPO was subscribed 7.35 times as of 5:34 pm on 26 December 2025 (Day 1). The retail individual investor portion was subscribed 9.74 times, while the non-institutional investor segment saw 8.54 times subscription and the qualified institutional buyer category was subscribed 2.25 times. Against 32,18,400 shares offered, bids were received for 2,36,40,800 shares through 11,135 applications. Retail investors placed 9,802 applications, bidding for 1,56,83,200 shares against 16,09,600 shares available. 

References 

• https://www.nseindia.com/market-data/issue-information?symbol=E2ERAIL&series=SME&type=Active 
• https://www.nseindia.com/market-data/issue-information?symbol=E2ERAIL&series=SME&type=Active 

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