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E2ERAIL · NSE · Rail Engineering
E to E Transportation Infrastructure IPO listed on 02 Jan 2026 on NSE at ₹330.60, a gain of 90.00% over the issue price of ₹174.00. The IPO was subscribed 527.76x overall.
E to E Transportation Infrastructure IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 26 Dec 2025 |
| IPO Close Date | 30 Dec 2025 |
| Basis of Allotment | 31 Dec 2025 |
| Initiation of Refunds | 01 Jan 2026 |
| Credit of Shares to Demat | 01 Jan 2026 |
| Listing Date | 02 Jan 2026 |
Listing day gain
+90%
Listed at ₹330.6 (issue ₹174)
Issue
₹174
Listing
₹330.6
Current
₹327.8
+88.39% vs issue
Day range
₹314.2 – ₹347.1
Issue Size
4,840,000 shares
(aggregating up to ₹84.22 Cr)
Issue Price
₹164 – ₹174
Face Value
₹10/share
Market Lot
800 shares
Retail Min Investment
₹278,400
Listing At
NSE
Sale Type
fresh issue
Fresh Issue
[.]
Offer for Sale
[.]
Reserved for Market Maker
244,000 shares
(aggregating up to ₹4.25 Cr)
Issue Type
book building
Open Date
26 Dec
Close Date
30 Dec
Allotment
31 Dec
Listing
02 Jan
Last updated: 9 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 02 Jan 2026 Latest | ₹174 | ₹162 | ₹336 | ₹162 |
93.1%
|
12:00 PM |
| 01 Jan 2026 | ₹174 | ₹161 | ₹335 | ₹161 |
92.53%
|
12:00 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 30 Dec 2025
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 236.3x | 195 |
| NII | 872.89x | 117,821 |
| bNII (bids above ₹10L) | 562.25x | 48,894 |
| sNII (bids below ₹10L) | 440.84x | 38,300 |
| Individual Investors | 546.34x | 549,617 |
| Total | 527.76x | 754,827 |
Showing the latest subscription snapshot.
View full subscription historyZephyr Mantra LLC, Ventureast ETOE LLP, Sourajit Mukherjee and Vinay Kunjuri Panduranga Rao are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,600 | ₹278,400 |
| Retail (Max) | 2 | 1,600 | ₹278,400 |
| S-HNI (Min) | 3 | 2,400 | ₹417,600 |
| S-HNI (Max) | 7 | 5,600 | ₹974,400 |
| B-HNI (Min) | 8 | 6,400 | ₹1,113,600 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 244,000 (5.04%) |
| NII (HNI) Shares Offered | 689,600 (14.25%) |
|
•
bNII > ₹10L
|
459,200 (9.49%) |
|
•
sNII < ₹10L
|
230,400 (4.76%) |
| Retail Shares Offered | 1,609,600 (33.26%) |
| QIB Shares Offered | 919,200 (47.45%) |
| Total Shares Offered | 3,462,400 (100.00%) |
E TO E Transportation Infrastructure Limited is an ISO 9001:2015 certified system integrator providing end-to-end rail engineering solutions for mainline railways, urban transit (metros), and private sidings, including design, procurement, installation, testing, commissioning, and maintenance of signaling, telecommunication, overhead electrification (OHE), and composite projects. The company operates an asset-light model, outsourcing non-core activities while focusing on core expertise.
Company Growth: Achieved a revenue CAGR of 36.51% and PAT CAGR of 36.01% from FY2023 to FY2025, with revenue growing from ₹13,458.16 lakhs in FY2023 to ₹25,080.90 lakhs in FY2025; expanded from first metro orders in 2013 to revenue exceeding ₹250 crore in FY2025, with an order book of ₹40,110.37 lakhs as of September 2025.
Key Strengths: Strong reliance on government clients (e.g., 47.88%-73.70% revenue from Indian Railways entities), expertise in advanced technologies like CBTC signaling and Kavach (Automatic Train Protection System), pan-India operations across states like Tamil Nadu and Telangana, R&D through Engineering Design and Research Center (EDRC), and recent manufacturing subsidiary under "Make in India" initiative for self-reliance in railway products.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 135.7 | 172.5 | 253.82 |
| Profit After Tax (PAT) | 8.15 | 10.26 | 13.99 |
| EBITDA | 13.28 | 18.34 | 26.57 |
| Total Assets | 145.16 | 200.89 | 295.44 |
| Net Worth | 57.15 | 66.86 | 116.05 |
| Reserves & Surplus | 56.95 | 66.67 | 115.68 |
| Total Borrowing | 43.11 | 61.18 | 66.18 |
Revenue & Profit Trend
The basis of allotment for E to E Transportation Infrastructure IPO was finalised on 31 Dec 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The E to E Transportation Infrastructure IPO is expected to open in Dec 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for E to E Transportation Infrastructure IPO is ₹164.00 - ₹174.00 per share.
As per market sources, E to E Transportation Infrastructure IPO GMP is currently ₹162.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for E to E Transportation Infrastructure IPO stands at 527.76x overall.
The listing date for E to E Transportation Infrastructure IPO is 02 Jan 2026.
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