The E to E Transportation Infrastructure IPO has started, and early grey‑market activity suggests a strong start for the listing.
Key Subscription Details
The company is issuing 48.4 lakh fresh equity shares to raise about ₹84.22 crore. The price band is set between ₹164 and ₹174 per share, with most calculations using the higher end.
- Retail investors: Minimum of 2 lots (1,600 shares) – roughly ₹2.78 lakh.
- Non‑institutional investors: Minimum of 3 lots (2,400 shares) – about ₹4.17 lakh.
- Subscription window: Opens on Friday and closes on December 30.
- Allotment date: Expected on December 31.
- Listing date: January 2 on the NSE SME platform.
Grey Market Signals
In the unofficial grey market, the shares are trading at a premium of roughly ₹130 over the issue price. This points to a possible listing price near ₹300 if the sentiment stays strong. A 75% grey‑market premium usually indicates high speculative interest, though it can change quickly as the listing approaches.
Institutional Interest
Before the public opening, anchor investors have already contributed ₹23.97 crore for 13.77 lakh shares. Half of these shares are locked for 30 days, and the other half for 90 days, which helps keep supply tight in the early trading days.
What the Company Does
E to E Transportation Infrastructure is a system integrator that provides engineering solutions for the railway sector. Its services cover signaling, telecommunications, overhead electrification, track projects, private sidings and overall system integration. Major clients include Indian Railways, metro rail corporations and private infrastructure firms.
- Notable projects: CBTC signaling for Hyderabad and Nagpur Metro, platform screen doors for Mumbai Metro Line 3 and Chennai Metro Phase 1, signaling upgrades for Vizag Steel Plant.
- Order book as of September 30, 2025: about ₹401 crore across 50 ongoing contracts.
Financial Snapshot
The company has shown solid growth recently, with revenue up 47% and profit after tax up 36% from FY24 to FY25. However, the first half of FY26 reported a loss, a point analysts say investors should watch.
Use of IPO Proceeds
Most of the money raised will go toward working capital needs (approximately ₹70 crore). The remaining funds will be used for general corporate purposes, supporting the cash‑intensive nature of railway engineering projects.
Why It Matters for Retail Investors
If the grey‑market premium holds, early investors could see a sizable jump when the stock lists. The lock‑up periods for anchor investors also mean limited supply in the initial days, which can help sustain price momentum.
Remember, this is just an overview, not a recommendation. Do your own research and consider your risk tolerance before investing.