E To E Transportation Infrastructure IPO
E To E Transportation Infrastructure IPO
SME NSE SME Closed

Price Band

₹164 - ₹174

Total Issue

₹84 Cr

Bid Dates

26 Dec - 30 Dec

Subscription

527.69x

Listing Price

₹330.6 (90.00%)

Website RHP

Valuation

Market Cap

₹300.28 Cr

P/E Ratio

15.03x

P/B Ratio

1.86x

E To E Rail IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

E to E Transportation is an ISO 9001:2015 certified rail engineering solutions provider with over 15 years of experience, operating as a system integrator across mainline railways, urban transit systems and private sidings. The company offers end-to-end rail infrastructure services, including design, consultancy, procurement, installation, testing and operations & maintenance. Its solutions span railway signaling and telecommunication systems, track electrification, and turnkey projects involving civil and track components. E to E Transportation serves a diversified client base comprising Zonal Railways, PSUs under Indian Railways, large manufacturers, corporate entities with private rail sidings and infrastructure development companies, with presence in India and select international markets.

Lots & IPO Size

E To E Rail IPO Lot Size

Lot Information for E To E Rail IPO
Category Lots Shares Amount
Ind (Min) 2 1,600 ₹2,78,400
Ind (Max) 2 1,600 ₹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
Allocate Funds
Market Maker
2,44,000 Eq Shs
Employee
₹0.00
Shareholder
₹0.00

E To E Rail IPO Size

Total ₹84 Cr
Fresh Issue
₹84 Cr (0.48 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of Issue

  1. Working capital requirement of the company
  2. General Corporate Purposes

E To E Rail IPO Live Subscription

Updated as on 30-Dec-2025 19:00:29 hrs

Category Sub (x) Offered Bids Amount(Cr)
QIB 236.30x 9,19,200 21,72,11,200 3,779.47
NII 872.54x 6,89,600 60,17,04,000 10,469.65
bHNI 1,028.23x 4,59,200 47,21,61,600 8,215.61
sHNI 562.25x 2,30,400 12,95,42,400 2,254.04
Individual 546.34x 16,09,600 87,93,87,200 15,301.34
Total 527.69x 32,18,400 1,69,83,02,400 29,550.46

Subscription figures exclude Anchor investor and Market Maker portions. Data is sourced from NSE and BSE on an "AS IS" and "AS AVAILABLE" basis without any warranty.

Updated as on 30-Dec-2025 19:00:29 hrs

E To E Rail IPO Details Live GMP

GMP ₹156
Est. Price ₹330
Est. Gain 89.66%

E To E Rail IPO Peer Comparison

(Rs. in crores)

E To E Rail IPO Peer Comparison Table
Particulars E to E Rail Texmaco Rail KEC Intl Ircon Intl
Revenue 250.81 5,106.57 21,846.70 10,759.58
PAT 14.37 248.88 570.74 727.83
EPS (₹) 11.58 6.24 21.80 7.73
NAV (₹) 93.47 70.02 200.88 67.26
RONW 12.39% 8.90% 10.67% 11.50%
EBITDA 10.59% 9.15% 6.88% 7.85%
PAT Mrgn 5.73% 4.87% 2.61% 6.76%
PE Ratio 15.03 16.78 32.37 19.83

All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 16, 2025 for Peers

E To E Rail IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for E To E Rail IPO
Particulars Sep-25 Mar-25 Mar-24 Mar-23
Revenue 111.00 250.81 170.18 134.58
PAT -7.31 14.37 9.71 7.77
Net Worth 108.70 116.05 66.86 57.15
Borrowings 113.51 66.18 61.18 43.11
Assets 310.84 295.44 200.89 145.16
NAV (₹) 87.54 93.47 54.21 46.34
EPS (₹) -5.88 11.58 7.88 6.30

Key Performance Indicators (KPIs)

EBITDA

10.59%

PAT

5.73%

ROE

15.72%

ROCE

15.69%

Debt to Equity

0.57

All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.

Promoter Holding

Promoter

45.18%

Public

54.82%

Zephyr Mantra LLC 29.02%
Ventureast ETOE LLP 12.65%
Others 3.51%

Management

Sourajit Mukherjee
CEO
Suresh Maddali
CFO

Registrar & Lead Managers

Lead Managers (1)

Company Details

Name: E To E Transportation Infrastructure Limited

Address: 10th Floor, Sattva Galleria, Survey,
Nos. 19/2 and 20/1, Bellary Road,
Byatarayanapura, Bangalore North,
Bangalore-560092, Karnataka

Email: srilakshmi.surendran@etoerail.com

Website: https://etoerail.com/

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Frequently Asked Questions (FAQs)

What is E To E Rail IPO?
E To E Rail IPO is a SME IPO having an issue size of ₹84 Crs. E To E Rail IPO is priced at ₹164 - ₹174 per share. The issue opens on 26 Dec 25 and closes on 30 Dec 25.
When will E To E Rail IPO open?
E To E Rail IPO opens on 26 Dec 25 and closes on 30 Dec 25.
What is the GMP of E To E Rail IPO?
The estimated Grey Market Premium of E To E Rail IPO is ₹156 per share (89.66%).
What is the lot size of E To E Rail IPO?
The minimum lot size of E To E Rail IPO is 800 shares & the minimum application amount is Rs. 139200.
When is the allotment of E To E Rail IPO?
The allotment date of E To E Rail IPO is 31 Dec 25.
What is the listing date of E To E Rail IPO?
The listing date of E To E Rail IPO is 02 Jan 26.
What is the subscription of E To E Rail IPO?
E To E Rail IPO is subscribed 527.69 times.
What is the price band of E To E Rail IPO?
E To E Rail IPO is priced at ₹164 - ₹174 per share.
How to check allotment status of E To E Rail IPO?
Click the allotment link on E To E Rail IPO page of IPO360.
How to apply E To E Rail IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply E To E Rail IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply E To E Rail IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select E To E Rail IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date

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