The E to E Transportation IPO opening date is December 26, 2025, and the IPO will close on December 30, 2025. The E to E Transportation Infrastructure IPO is a book-build issue. The company will raise approximately ₹84.22 crore through the IPO, which includes a fresh issue of ₹84.22 crore and an offer for sale of ₹10 face value [.] equity shares.
The price band for the E to E Transportation Infrastructure IPO is ₹164 to ₹174 per share. The retail quota is 35%, QIB 50%, and HNI 15%. The E to E Transportation Infrastructure IPO will be listed on the NSE on January 2, 2026. The allotment date for the E to E Transportation Infrastructure IPO is December 31, 2025.
The company reported revenue of ₹253.82 crore in 2025, compared to ₹172.50 crore in 2024. The company reported a profit of ₹13.99 crore in 2025, compared to a profit of ₹10.26 crore in 2024. According to financials, IPO investors should apply for the IPO for the long term.

E to E Transportation Infrastructure IPO Details
| IPO Open Date | December 26, 2025 |
| IPO Close Date | December 30, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹164 to ₹174 Per Share |
| Issue Size | Approx ₹84.22 Crores |
| Fresh Issue | Approx ₹84.22 Crores |
| Issue Type | Book Build Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | ![]() |
| RHP Draft Prospectus | ![]() |
About E to E Transportation Infrastructure IPO
E To E Transportation Infrastructure Limited, founded in 2010, is one of the leading companies that offers engineering and system integration solutions for the railway sector. Its services include Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects and System Integration, Private Sidings, and Engineering Design and Research Centre (EDRC).
From design and procurement to installation and testing, the company provides complete rail engineering services. Over the years, the company has worked with Indian Railways, public sector units, private sidings, and infrastructure companies in India. Moreover, the company includes a total of 425 employees as of July 31, 2025.
Its key project includes:
- Platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1.
- CBTC signaling for Hyderabad and Nagpur Metro
- Signaling upgrades for Vizag Steel Plant and NUPPL Power Plant
- Electronic interlocking upgrades on the Hosur–Salem route
- Siding expansion at Gujarat Pipavav Port with DFCC connectivity
This company primarily works on signaling and safety for railways and metros.
Kavach System: This company is working on India's indigenous technology to prevent trains from colliding with each other.
Metro Projects: It has made significant contributions to major metro projects like Mumbai, Nagpur, and Hyderabad.
Digital System: This company provides engineering and design to make railways automated and safe.
2. E to E Transportation Infrastructure IPO Important Dates
IPO Opening Date: December 26, 2025
IPO Closing Date: December 30, 2025
Allotment: December 31, 2025
Listing: January 2, 2026
3. E to E Transportation Infrastructure Price & Investment
Share Price: ₹164 to ₹174 per share.
Lot size: 800 shares (Investment required for one lot is ₹1,39,200).
4. E to E Transportation Infrastructure Company's Profit
The company's financial position appears to be very strong: 2022 profit: ₹1.8 crore 2023 profit: ₹4.6 crore 2024 profit: ₹16.6 crore (Profit has increased manifold in 3 years!)
5. Frequently Asked Questions (FAQs)
Question: Is it worth investing in this? Answer: A lot of government money is being invested in the railway sector, which will benefit this company. However, this is an SME IPO, so there is a slightly higher risk. Question: How much profit can be made on listing? Answer: According to estimates, if the market is good, a listing gain of 35% to 40% can be made.
E to E Transportation Infrastructure IPO Market Lot
The E to E Transportation IPO minimum market lot is 1,600 shares with ₹2,78,400 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,600 | ₹2,78,400 |
| Retail Maximum | 2 | 1,600 | ₹2,78,400 |
| S-HNI Minimum | 3 | 2,400 | ₹4,17,600 |
| S-HNI Maximum | 7 | 5,600 | ₹9,74,400 |
| B-HNI Minimum | 8 | 6,400 | ₹11,13,600 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 13,77,600 Shares | 28.46% |
| QIB (Ex. Anchor) | 9,19,200 Shares | 18.99% |
| NII Shares Offered | 6,89,600 Shares | 14.25% |
| Retail Shares Offered | 16,09,600 Shares | 33.26% |
E to E Transportation Infrastructure IPO Anchor Investors
| Anchor Bidding Date | December 24, 2025 |
| Anchor Investors List | ![]() |
| Shares Offered | 13,77,600 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | January 30, 2026 |
| lock-in period end date 50% shares (90 Days) | March 31, 2026 |
E to E Transportation Infrastructure IPO Dates
The E to E Transportation Infrastructure IPO date is December 26 and the close date is December 30. The E to E Transportation Infrastructure IPO allotment will be finalized on December 31 and the IPO listing on January 2.
| IPO Open Date: | December 26, 2025 |
| IPO Close Date: | December 30, 2025 |
| Basis of Allotment: | December 31, 2025 |
| Refunds: | January 1, 2026 |
| Credit to Demat Account: | January 1, 2026 |
| IPO Listing Date: | January 2, 2026 |
| IPO Bidding Cut-off Time: | December 30, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Zephyr Mantra LLC and Ventureast ETOE LLP and Sourajit Mukherjee.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,24,17,570 | 45.19% |
| Promoter Holding Post Issue | 1,72,57,570 | 32.51% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| To meet working capital requirements | ₹70.00 |
| General Corporate Purpose | ₹- |
E to E Transportation Infrastructure IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹135.70 | ₹125.13 | ₹8.15 | ₹145.16 |
| 2024 | ₹172.50 | ₹158.41 | ₹10.26 | ₹200.89 |
| 2025 | ₹253.82 | ₹235.33 | ₹13.99 | ₹295.44 |
| September 2025 | ₹112.78 | ₹122.95 | ₹7.49 | ₹310.84 |
E to E Transportation Infrastructure IPO Valuation – FY2025
Check E to E Transportation Infrastructure IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 15.72% |
| ROCE: | 15.69% |
| EBITDA Margin: | 10.59% |
| PAT Margin: | 5.73% |
| Debt to equity ratio: | 0.57 |
| Earning Per Share (EPS): | ₹11.58 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 12.39% |
| Net Asset Value (NAV): | ₹93.47 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Texmaco Rail & Engineering Ltd. | 6.24 | 22.21 | 8.90% | 70.02 | 5,106.57 Cr. |
| KEC International Ltd. | 21.8 | 39.50 | 10.67% | 200.88 | 21,846.70 Cr. |
| Ircon international Limited | 7.73 | 21.59 | 11.50% | 67.26 | 10,759.58 Cr. |
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IPO Lead Managers aka Merchant Bankers
- Hem Securities Ltd.
Company Address
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/
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
