E to E Transportation Infrastructure made a stellar debut on the NSE SME platform on January 2, 2026, listing at ₹330.60 per share, a remarkable 90% premium over its IPO issue price of ₹174. This impressive listing marks the first for 2026 and highlights strong investor confidence in the railway infrastructure company.
The IPO, which opened for subscription on December 26, 2025, and closed on December 30, 2025, was met with extraordinary demand, being oversubscribed by 526.56 times. The retail portion of the IPO was particularly popular, being subscribed 544.28 times. The Non-Institutional Investors (NII) category was booked 872.09 times, while the Qualified Institutional Buyers (QIBs) segment received 236.30 times bids. This overwhelming response underscores the robust investor appetite for the company's stock.
The IPO consisted of a fresh issue of 48,40,000 equity shares, with no offer-for-sale component, aggregating to ₹84.22 crore. The IPO price band was fixed between ₹164 and ₹174 per equity share. A significant portion of the shares was reserved for different investor categories, with 47.45% allocated to QIBs, 14.25% to NIIs, and 33.26% to Retail Individual Investors (RIIs). Anchor investors were allocated 28.46% of the total issue size.
E to E Transportation Infrastructure, incorporated in 2010, is an ISO 9001:2015 certified company specializing in system integration and engineering solutions for the railway sector. The company's service portfolio includes signalling and telecommunications systems, overhead electrification, track projects, system integration, private sidings, and services through its Engineering Design and Research Centre. The company provides end-to-end railway engineering solutions covering design, procurement, installation, and testing across mainline railways, urban transit systems, and private siding projects.
The company has a proven track record of executing projects for zonal railways, public sector undertakings under Indian Railways, private corporates with dedicated rail sidings, and infrastructure development companies. As of September 30, 2025, E to E Transportation Infrastructure held a healthy order book exceeding ₹40 lakh. For the fiscal year ending March 31, 2025, the company reported operating revenue of ₹251 crore and a net profit after tax of ₹14.37 crore.
The company plans to utilize the fresh issue proceeds for general corporate purposes and to meet its working capital requirements. The management believes that the listing will enhance the company's corporate image and brand visibility and that the company will receive benefits from the listing of its equity shares on the NSE SME platform.
Hem Securities Limited acted as the book running lead manager for the IPO, while MUFG Intime India Private Limited was the registrar to the issue. The allotment for the IPO was finalized on December 31, 2025. A lot consisted of 800 shares, with the minimum application size for an individual investor being two lots or 1,600 shares. Individual investors who received the E to E Transportation Infrastructure IPO allotment made ₹5,28,960 per lot.
While the Grey Market Premium (GMP) can be an indicator of potential listing gains, it is considered less reliable than subscription numbers. The overwhelming subscription figures for the E to E Transportation Infrastructure IPO signaled strong investor interest, which translated into the impressive listing premium.
