E to E Transportation Infrastructure came to market through an SME IPO that opened on 26 December 2025 and closed on 30 December 2025, and the shares listed on 2 January 2026 on NSE SME. The price band was ₹164 to ₹174 per share and one lot was 800 shares, so the minimum application was ₹1,39,200. The issue size was ₹84.22 crore. The whole issue was fresh shares, so the money raised went to the company.
MUFG Intime India Pvt.Ltd was the registrar to the issue, and Hem Securities Ltd was the lead manager.
As of 30 December 2025.
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Founded in 2010, E To E Transportation Infrastructure Limited is a company that is ISO 9001:2015 certified, dealing with various aspects of system integration and engineering services related to railways. Service Offerings: Signaling and Telecommunications (S&T) Services, Overhead Electrification (OHE), Track Projects and System Integration, and Private Sidings and Engineering Design and Research Centre (EDRC). It provides end-to-end rail engineering services that encompass design, procurement, installation, and testing.
It serves the main line, urban transit, and private siding markets.The firm has experience in signaling and telecommunication systems, electrification work on tracks, and turnkey projects related to railway infrastructure. It has been doing this work for zonal railways, public sector units that come under the Indian Railways umbrella, corporates with private siding systems, as well as emerging companies for infrastructure developments in India and a few international destinations.
Its key projects include the design and supply of CBTC systems for Hyderabad and Nagpur Metro, modernization of signaling and telecom systems for Vizag Steel Plant and NUPPL Power Plant, modernization of electronic interlocking systems for the Hosur-Salem section, extension of sidings to include connectivity to DFCC for the Gujarat Pipavav Port, and platform screen door systems for Mumbai Metro Line 3 and Phase 1 of the Chennai Metro.
As of Sep 30, 2025, the order book of the firm consisted of 50 on-going contracts worth ₹40,110.37 lakhs. The total number of employees employed by the company, as on Nov 30, 2025, is 353,
As described in the offer document.
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Zephyr Mantra LLC, Ventureast ETOE LLP, Sourajit Mukherjee, Vinay Kunjuri Panduranga Rao. Promoter holding 45.19% before the issue and 32.51% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
E to E Transportation Infrastructure IPO was a ₹84.22 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹164–₹174 per share with a lot size of 800 shares; the minimum retail application was 1,600 shares (₹2,78,400). The IPO was open from December 26 to December 30, 2025 and was subscribed 526.63x. Shares listed on NSE SME on January 2, 2026 at ₹330.60, a 90.0% premium to the issue price of ₹174. MUFG Intime India Pvt.
Ltd. is the registrar. Hem Securities Ltd. is the book running lead manager.
The price band of E to E Transportation Infrastructure IPO is ₹164 to ₹174 per share.
The lot size of E to E Transportation Infrastructure IPO is 800 shares.
The minimum investment for E to E Transportation Infrastructure IPO is approximately ₹2,78,400 based on the upper price band.
The allotment date of E to E Transportation Infrastructure IPO is Dec 31, 2025.
E to E Transportation Infrastructure IPO's final recorded GMP before listing was ₹135 per share (a 78% premium over the ₹174 upper price band). The shares listed at ₹330.6. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check E to E Transportation Infrastructure IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the E to E Transportation Infrastructure IPO allotment status on Rupix for quick and easy access.
₹164 to ₹174 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 800 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,39,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,39,200, for one lot of 800 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 26 December 2025 and closed on 30 December 2025.
The basis of allotment was published on 31 December 2025 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 2 January 2026 on NSE SME.
The issue size was ₹84.22 crore. The fresh issue was 48,40,000 shares (aggregating up to ₹84.22 crore).