| The initial public offer (IPO) of E to E Transportation Infrastructure received bids for 1,69,85,46,400 shares as against 34,62,400 shares on offer. The issue was subscribed 490.56 times.
The issue opened for bidding on 26 December 2025 and it closed on 30 December 2025. The price band of the IPO was fixed between Rs 164 to Rs 174 per equity share. The equity shares will list on NSE’s SME platform.
Qualified Institutional Buyers (QIBs) bid for 21,72,11,200 shares, Non-Institutional Investors (NIIs) for 60,19,48,000 shares, Retail Individual Investors (RIIs) placed bids for 87,93,87,200 shares.
The IPO comprised fresh issue of 48,40,000 equity shares. The promoter and promoter shareholding diluted to 32.51% from 45.19% Pre-IPO.
The company intends to utilize the net proceeds to fund working capital requirement of the company and for general corporate purposes.
Ahead of the IPO, E to E Transportation Infrastructure on 24 December 2025, raised Rs 23.97 crore from anchor investors. The board allotted 13.77 lakh shares at Rs 174 per share to 15 anchor investors.
E to E Transportation Infrastructure provides end-to-end engineering and system integration solutions for the railway sector. Its services include signaling and telecommunications, overhead electrification, track projects, private sidings, and research and design through its EDRC. The company has executed projects for Indian Railways, metro systems, private sidings, and industrial clients, including CBTC signaling for Hyderabad and Nagpur Metro, electronic interlocking upgrades for Hosur–Salem, and platform screen doors for Mumbai and Chennai Metro. It delivers integrated, reliable, and innovative rail infrastructure solutions across India and select international markets. As of 30 November 2025, the company had a total of 353 employees.
The company recorded revenue from operations of Rs 110.99 crore and net loss of Rs 7.49 crore for the period ended 30 September 2025.
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