E to E Transportation Infrastructure Ltd’s ₹84.22 crore public issue closed on December 30, with overwhelming demand across all investor categories. The rail engineering and system integration company’s IPO was oversubscribed 490 times, with non-institutional investors leading at 871.67 times, followed by retail investors at 544 times and qualified institutional buyers at 236.30 times.
The issue, priced between ₹164-₹174 per share with a lot size of 800 shares, saw bidding from December 26-30, 2025. Allotment is scheduled for December 31, with listing on NSE SME planned for January 2, 2026. The fresh issue proceeds will fund working capital requirements and general corporate purposes.
The ISO 9001:2015 certified company, incorporated in 2010, operates as a system integrator for railway signalling and telecommunication systems. It provides end-to-end solutions across mainline railways, metro projects, and private sidings, including work on Kavach 4.0, India’s automatic train protection system.
For the year ended March 31, 2025, the company reported revenue of ₹250.80 crore, up 47 per cent year-on-year, and net profit of ₹14.37 crore. As of September 30, 2025, its order book stood at ₹401.10 crore.
The promoter group includes Sourajit Mukherjee and Vinay Rao, associated with Ventureast, and Zephyr Mantra, a US-based fund. Other investors include Mukul Mahavir Agarwal, Ashwini Agarwal, and Himanshu Modi.