E to E Transportation Infrastructure Limited operates in the railway infrastructure engineering segment, providing system integration and execution services across signalling and telecommunications, overhead electrification, track projects, private sidings, and related railway infrastructure works. The company undertakes end-to-end activities, including design, procurement, installation, testing, and commissioning, for mainline railways, urban transit systems, and private rail networks. Its operations are aligned with project-based contracts executed for public sector entities, infrastructure developers, and corporate clients.
Applicants who wish to participate in the E to E Transportation Infrastructure Limited IPO can apply through an authorised trading platform or by using the ASBA facility provided by their banking institution. The application process generally involves logging into the trading or banking application, navigating to the IPO section, selecting the E to E Transportation Infrastructure Limited IPO, and entering the required lot quantity within the specified price band. Applicants must authorise the payment mandate through UPI or bank authentication before the cut-off time on the issue closing date. After submission, the application moves through exchange-regulated verification and allotment procedures, which determine the final allocation status.
For more details, visit the E to E Transportation Infrastructure Limited IPO page.
E to E Transportation Infrastructure Limited IPO Details and Objectives
Details
| Information
|
IPO Date
| December 26, 2025 to December 30, 2025
|
Issue Size
| 48,40,000 shares (agg. up to ₹84 Cr)
|
Price Band
| ₹164 to ₹174 per share
|
Lot Size
| 800 shares
|
Listing At
| NSE, SME
|
Market Maker
| Hem Finlease Pvt. Ltd.
|
Purpose of the IPO
Timeline of E to E Transportation Infrastructure Limited IPO
Event
| Date
|
|---|
IPO Open Date
| Fri, Dec 26, 2025
|
IPO Close Date
| Tue, Dec 30, 2025
|
Tentative Allotment
| Wed, Dec 31, 2025
|
Initiation of Refunds
| Thu, Jan 1, 2026
|
Credit of Shares to Demat
| Thu, Jan 1, 2026
|
Tentative Listing Date
| Fri, Jan 2, 2026
|
Pricing & Lot Size of E to E Transportation Infrastructure Limited IPO
Price Band for the IPO
Minimum Lot Size and Application Details
Application
| Lots
| Shares
| Amount
|
Individual investors (Retail) (Min)
| 2
| 1,600
| ₹2,78,000
|
Individual investors (Retail) (Max)
| 2
| 1,600
| ₹2,78,000
|
S-HNI (Min)
| 3
| 2,400
| ₹4,17,000
|
S-HNI (Max)
| 7
| 5,600
| ₹9,74,000
|
B-HNI (Min)
| 8
| 6,400
| ₹11,13,000
|
E to E Transportation Infrastructure Limited IPO Application Process
The E to E Transportation Infrastructure Limited IPO application process can be completed online through your trading platform. Below is a step-by-step guide to applying for the IPO:
Step 1: Login to Your Trading Platform
Access your trading account using the broker's app or website.
Step 2: Navigate to the IPO Section
Go to the IPO section to view active IPO listings.
Step 3: Select the Open IPO and Click Apply
Locate E to E Transportation Infrastructure Limited IPO in the list of available IPOs and click the ‘Apply’ button.
Step 4: Enter the Quantity of Shares You Wish to Apply For
Specify the number of shares (lot size: 800 shares) within the price band of ₹164 to ₹174 per share.
Step 5: Provide Your UPI ID
Enter your UPI ID for payment authorisation and ensure sufficient funds in your bank account.
Step 6: Confirm the Application
Review your application details and confirm the UPI mandate before 5 PM on the last application day.
Step 7: Complete the Process and Wait for Allotment
Submit the application and monitor the allotment status to check if shares have been allocated to you.
Shares Offered in E to E Transportation Infrastructure IPO
The E to E Transportation Infrastructure IPO includes a structured allocation of equity shares across investor categories such as anchor investors, qualified institutional buyers, non-institutional investors, and retail investors. The distribution outlines the share allocation and relative proportion assigned to each category as part of the overall public issue.
Category
| Shares Offered
| Amount (Rs Cr)
| Size (%)
|
Market Maker
| 2,44,000
| 4.25%
| 5.04%
|
QIB
| 22,96,800
| 39.96
| 47.45%
|
- Anchor Investor
| 13,77,600
| 23.97
| 28.46%
|
- QIB (Ex Anchor)
| 9,19,200
| 15.99
| 18.99%
|
NII
| 6,89,600
| 12.00
| 14.25%
|
- bNII (bids above ₹10L)
| 4,59,200
| 7.99
| 9.49%
|
- sNII (bids below ₹10L)
| 2,30,400
| 4.01
| 4.76%
|
Retail
| 16,09,600
| 28.01
| 33.26%
|
Total
| 48,40,000
| 84.22
| 100%
|
Financial Health and Performance
Key Financial Metrics
Total Assets: Grew from ₹200.89 crore in FY24 to ₹310.84 crore as of Sept 2025.
Total income: Reached ₹112.78 crore in FY25, as compared to ₹172.50 crore in FY24.
Profit After Tax (PAT): Stood at ₹7.49 crore for Sept 2025 as compared to ₹10.26 crore in FY24.
Net Worth: Recorded at ₹108.70 crore in FY25 in comparison to ₹66.86 crore in FY24.
Reserves and surplus: Stood at ₹96.28 crore in FY25, as compared to ₹66.67 crore in FY24.
EBITDA: Stood at ₹-3.88 crore in Sept 2025 in comparison to ₹18.34 crore in FY24.
Recent Performance and Growth Prospects
E to E Transportation Infrastructure Limited has recorded growth in its total asset base in recent reporting periods, reflecting capital deployment and resources aligned with ongoing and awarded projects.
Variations in total income between financial years highlight the project-driven nature of the company’s operations, where revenue recognition is linked to execution milestones and contract progress.
The latest reported period reflects a change in profitability and operating earnings compared to the previous financial year, indicating the impact of execution timelines, cost structures, and project mix.
An increase in net worth and reserves suggests retention of capital within the business despite variability in operating results.
The company’s financial performance demonstrates characteristics typical of large-scale railway and infrastructure projects, where outcomes may differ across reporting periods.
Growth prospects remain linked to the execution of the existing order book, timely completion of projects, and continued demand for signalling, electrification, and system integration services.
Future performance is also influenced by infrastructure development activity within the railway and urban transit segments and the company’s ability to manage working capital and execution schedules effectively.
Investment Risks and Opportunities
Potential Risks of Investing in the IPO
E to E Transportation Infrastructure Limited operates in a project-based railway infrastructure segment where revenue and cash flows are influenced by tendering cycles, contract awards, and execution timelines.
The company’s financial performance may be affected by delays in project execution, changes in scope, cost overruns, or variations in working capital requirements associated with large infrastructure contracts.
Opportunities and Growth Potential
The company’s involvement in signalling, telecommunications, electrification, track projects, and system integration positions it to participate in ongoing railway and urban transit infrastructure development initiatives.
Continued focus on network expansion, electrification, and modernisation of railway systems may create opportunities aligned with the company’s engineering capabilities and end-to-end service offerings.
Key Performance Indicator (KPI)
KPI
| Values
|
| 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
|
E to E Transportation Infrastructure Limited IPO Registrar & Lead Managers
Registrar
| Lead Manager(s)
|
|---|
MUFG Intime India Pvt. Ltd.
| Hem Securities Ltd.
|
Company Address of E to E Transportation Infrastructure Limited
E to E Transportation Infrastructure Ltd. 10th Floor, Sattva Galleria Survey, Nos. 19/2 and 20/1, Bellary Road, Byatarayanapura, Bangalore North Bangalore Urban, Karnataka, 560092
Email: srilakshmi.surendran@etoerail.com
Website: https://etoerail.com/
Conclusion
E to E Transportation Infrastructure Limited operates within the railway infrastructure and system integration segment, providing engineering and execution services across signalling, electrification, track projects, and related activities. Its operations are aligned with project-based contracts involving public sector entities, infrastructure developers, and private siding operators. The IPO outlines stated objectives related to meeting working capital requirements and general corporate purposes, along with defined issue timelines and application details.
Applications for the E to E Transportation Infrastructure Limited IPO can be submitted through authorised trading platforms or via the ASBA facility offered by banking institutions. The application process involves selecting the IPO, entering the applicable lot quantity, authorising the payment mandate through UPI or bank authentication, and completing the submission within the specified timeframe. The application then proceeds through exchange-regulated verification and allotment procedures, which determine the final allocation outcome.
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