| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹84.22 Cr |
| Reserved for Market Maker | ₹4.25 Cr |
| Net Issue Size | ₹84.22 Cr |
| Fresh Issue | ₹79.97 Cr |
| Face Value | βΉ10 Per Equity Share |
| Price Band | βΉ164.00-174.00 per share |
| NSE Code | E2ERAIL |
| Registrar | MUFG Intime India Pvt.Ltd. |
| Lead Managers | Hem Securities Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares Β· Multiples of 800 shares
Incorporated in 2010, E To E Transportation Infrastructure Limited is an ISO 9001:2015 certified company engaged in providing system integration and engineering solutions for the railway sector.
Service Offerings: Signaling and Telecommunications (S&T), Overhead Electrification (OHE), Track Projects and System Integration, Private Sidings and Engineering Design and Research Centre (EDRC). The company operates across mainline, urban transit, and private siding segments, offering end-to-end rail engineering services including design, procurement, installation, and testing.
The companyβs expertise spans signaling and telecommunication systems, track electrification, and turnkey railway infrastructure projects involving civil and track components. Over the years, it has executed projects for zonal railways, public sector undertakings under Indian Railways, corporate entities with private rail sidings, and infrastructure development companies in India and select international markets.
Its major projects include CBTC signaling for Hyderabad and Nagpur Metro, signaling and telecommunication modernisation for Vizag Steel Plant and NUPPL Power Plant, electronic interlocking system upgrades for HosurβSalem, siding expansion for Gujarat Pipavav Port with DFCC connectivity, and platform screen door installations for Mumbai Metro Line 3 and Chennai Metro Phase 1.
As of Sep 30, 2025, the companyβs order book comprised 50 ongoing contracts valued at βΉ40,110.37 lakhs.
As of Nov 30, 2025 the company has 353 full time employees.
Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (βΉ Cr.) |
|---|---|---|
| 1 | To meet working capital requirements | 70.00 |
| 2 | General Corporate Purpose | 4.13 |
| Period Ended | 30 Sep 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 310.84 | 295.44 | 200.89 | 145.16 |
| Total Income | 112.78 | 253.82 | 172.50 | 135.70 |
| Profit After Tax | -7.49 | 13.99 | 10.26 | 8.15 |
| EBITDA | -3.88 | 26.57 | 18.34 | 13.28 |
| NET Worth | 108.70 | 116.05 | 66.86 | 57.15 |
| Reserves and Surplus | 96.28 | 115.68 | 66.67 | 56.95 |
| Total Borrowing | 113.51 | 66.18 | 61.18 | 43.11 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 15.72% |
| ROCE | 15.69% |
| Debt / Equity | 0.57% |
| RoNW | 12.39% |
| PAT Margin | 5.73% |
| EBITDA Margin | 10.59% |
| Price to Book Value | 1.86 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (βΉ) | 11.27 | -ve |
| P/E (x) | 15.44 | -ve |
| Promoter Holding | 45.19% | 32.51% |
| Market Cap | βΉ300.28 Cr. | |