The initial public offering (IPO) of E to E Transportation Infrastructure Ltd continued its strong momentum on Monday, December 29, the second day of bidding.
The IPO, worth ₹84.22 crore, is priced between ₹164 and ₹174 per share.
By 5:40 pm, the IPO was subscribed 123.77 times, with bids for 39,83,49,600 shares against 32,18,400 shares on offer.
Retail investors contributed to a 166.21x subscription
Non-Institutional Investors (NII) saw a 181.29x subscription
Qualified Institutional Buyers (QIBs) subscribed 6.32x
Grey Market Shows Huge Premium
Market observers report that unlisted shares of E to E Transportation Infrastructure are trading at ₹319 each in the grey market.
This is an 83.33% premium over the issue price of ₹174, indicating strong demand and a likely profitable listing.
The IPO is set to list on January 2, 2026, on the NSE SME platform. Grey market premiums (GMP) are based on market sentiment and can change daily, reflecting investors’ willingness to pay more than the issue price.
IPO Details and Investment Requirements
This IPO is a book-built issue with 0.48 crore fresh shares on offer.
It opened for subscription on December 26, 2025, and will close on December 30, 2025, with allotment expected on December 31, 2025.
Lot size: 800 shares
Retail investors: Minimum 2 lots (1,600 shares) = ₹2.78 lakh at the upper price band
HNI investors: Minimum 3 lots (2,400 shares) = ₹4.18 lakh
Hem Securities Ltd is the book-running lead manager, MUFG Intime India Pvt Ltd is the registrar, and Hem Finlease Pvt Ltd is the market maker.
About E to E Transportation Infrastructure
Founded in 2010, E to E Transportation Infrastructure is an ISO 9001:2015-certified company offering system integration and engineering solutions for the railway sector.
The company reported a 47% increase in revenue and a 36% rise in profit after tax in FY25 compared with the previous year, showing strong growth and robust financial performance.
