E To E Transportation Limited Link 
Allotment
The E to E Transportation Infrastructure IPO will open for subscription on December 26, 2025, and will close on December 30, 2025. This IPO is a book-built issue, and the company plans to raise around ₹84.22 crore through a fresh issue of shares. Each share has a face value of ₹10.
The price band for the IPO is fixed between ₹164 and ₹174 per share. The issue allocation is divided as 35% for retail investors, 50% for QIBs, and 15% for HNIs. The shares are expected to be listed on the NSE on January 2, 2026, while the allotment is likely to be finalized on December 31, 2025.
In terms of financial performance, the company posted a revenue of ₹253.82 crore in FY2025, compared to ₹172.50 crore in FY2024. Net profit also increased to ₹13.99 crore in 2025, up from ₹10.26 crore in the previous year. Based on this steady growth, the IPO may be suitable for investors with a long-term investment view.
₹174
0%
Open
₹174
HIgh - Low
₹174
Previous Close
₹174
Total Traded Value
0
52 Weeks High
₹174
52 Weeks Low
₹174
Updates On
Dec 25, 2025
IPO. Open
Dec 26, 2026
IPO. Close
Dec 30, 2026
IPO. Price
₹174.00
IPO Market price
₹300.28 Cr
IPO Details
| IPO Date | 2 Jan |
| IPO Listing Date | 2 Jan |
| IPO Face Value | ₹10.00 per share |
| IPO Price Range | ₹174.00 |
| IPO Issue Size | 48,40,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Book Building IPO |
| IPO Listing | NSE SME Platform |
| hare Holding Pre Issue | 1,24,17,570 shares |
IPO Timeline
| IPO Open Date | 26 Dec |
| IPO Close Date | 30 Dec |
| IPO Allotment (Tentative) | 31 Dec |
| Refunds | 1 Jan |
| Credit to Demat Account | 1 Jan |
| IPO Listing Date | 2 Jan |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 9,19,200 Shares |
| NII (HNI) Shares Offered | 6,89,600 Shares |
| Retail Shares Offered | 16,09,600 Shares |
IPO Lot Size
Investors can bid for a minimum of 1,600 shares, with additional shares in multiples of 800.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1600 | ₹2,78,400 |
| Retail (Max) | 2 | 1600 | ₹2,78,400 |
| S-HNI (Min) | 3 | 2,400 | ₹4,17,600 |
| S-HNI (Max) | 7 | 5,600 | ₹9,74,400 |
| B-HNI (Min) | 8 | 6,400 | ₹11,13,600 |
E To E Transportation Infrastructure Limited was established in 2010 and is a well-known company in the railway engineering and system integration space. The company provides a wide range of services such as signaling and telecom systems, overhead electrification, track-related projects, private railway sidings, and engineering design and research solutions.
The company handles the entire project lifecycle, starting from planning and procurement to execution, testing, and commissioning. Over the years, it has successfully delivered projects for Indian Railways, government-owned enterprises, private infrastructure players, and industrial clients across India. As of July 31, 2025, the company has a workforce of around 425 employees.
Some of the company’s major projects include the installation of platform screen doors for Mumbai Metro Line 3 and Chennai Metro Phase 1, implementation of CBTC signaling systems for Hyderabad and Nagpur Metro, and signaling upgrades for Vizag Steel Plant and NUPPL Power Plant. The company has also completed electronic interlocking upgrades on the Hosur–Salem rail route and carried out siding expansion work at Gujarat Pipavav Port, including connectivity with the Dedicated Freight Corridor (DFC).
Company Financials (Consolidated)
| Assets | ₹310.84 | ₹295.44 | ₹200.89 |
| Total Income | 112.78 | 253.82 | 172.50 |
| Profit After Tax | -7.49 | 13.99 | 10.26 |
| EBITDA | -3.88 | 26.57 | 18.34 |
| NET Worth | 108.70 | 116.05 | 66.86 |
| Reserves and Surplus | 96.28 | 115.68 | 66.67 |
| Total Borrowing | 113.51 | 66.18 | 61.18 |
Key Performance Indicator (KPI)
| ROE | 15.72% |
| ROCE | 15.69% |
| Debt/Equity | 0.57 |
| RoNW | 12.39% |
| PAT Margin | 5.73% |
| EBITDA Margin | 10.59% |
| Price to Book Value | 1.86 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | 70 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
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/
Detail Registrar
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: etoetransportation.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
The IPO is a 100% book-built issue worth about ₹84.22 crore, comprising entirely a fresh issue of 48.40 lakh equity shares with no offer-for-sale component.
The IPO will open for subscription on December 26, 2025, and close on December 30, 2025, with the allotment expected to be finalized on December 31, 2025.
The price band is fixed at ₹164–₹174 per share. Investors must apply for a minimum of 1,600 shares, with bids allowed in multiples of 800 shares.
Retail investors must invest at least ₹2,78,400 for 1,600 shares, while HNI investors need a minimum investment of ₹4,17,600 for 2,400 shares.
The shares are proposed to be listed on the NSE SME platform, with the tentative listing date scheduled for January 2, 2026.
The IPO proceeds will be used to meet the company’s working capital requirements and to support general corporate purposes, strengthening operational and financial flexibility.
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