E to E Transportation IPO Date, Review, Price, Allotment Details
Posted on: 19 Dec 2025
The E to E Transportation Infrastructure IPO will open on December 26, 2025, and close on December 30, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹84.22 crores, entirely via a fresh issue. The IPO also includes an offer for sale of equity shares with a face value of ₹10 each.
The IPO price band is set between ₹164 and ₹174 per share. The allocation comprises 35% for retail investors, 50% for QIBs, and 15% for HNIs. The allotment is expected on December 31, 2025, with the listing on NSE scheduled for January 2, 2026.
Financially, the company posted revenue of ₹253.82 crores in 2025, up from ₹172.50 crores in 2024, and profit of ₹13.99 crores in 2025, up from ₹10.26 crores in 2024. Based on these figures, the IPO appears suitable for long-term investors.
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
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
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 will open on December 26, 2025, and close on December 30, 2025. The allotment is expected to be finalized on December 31, with the listing on NSE scheduled for January 2, 2026.
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 E to E Transportation Infrastructure are Zephyr Mantra LLC, 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 was established in 2010 and is a prominent provider of engineering and system integration solutions for the railway sector. The company delivers a wide range of services, including Signaling and Telecommunications (S&T), Overhead Electrification (OHE), track works and system integration, private sidings, and services through its Engineering Design and Research Centre (EDRC).
The company offers end-to-end rail engineering solutions, covering design, procurement, installation, and testing. Over the years, it has executed projects for Indian Railways, public sector undertakings, private sidings, and major infrastructure companies across India. As of July 31, 2025, the organization employs approximately 425 professionals.
Some of its notable projects include platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1, CBTC-based signaling systems for Hyderabad and Nagpur Metro, signaling modernization for Vizag Steel Plant and NUPPL Power Plant, electronic interlocking upgrades on the Hosur–Salem rail section, and siding expansion at Gujarat Pipavav Port integrated 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
E to E Transportation Infrastructure IPO Valuation – FY2025
Check E to E Transportation Infrastructure IPO valuations detail like Earnings Per Share (EPS), Price/Earnings 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/Earnings 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: srilakshmi.surendran@etoerail.com Website: https://etoerail.com/
