e2E Rail IPO Description – E To E Transportation Infrastructure (e2E Rail) is an ISO 9001:2015 certified rail engineering system integrator serving mainline railways, metro and urban transit, and private sidings. Incorporated in 2010, it has over 15 years of experience and provides end-to-end delivery including design and consultancy, interface engineering, procurement coordination, installation, testing, commissioning, and operations and maintenance.
Service lines include Signalling and Telecommunications (S&T), Overhead Electrification (OHE), turnkey projects involving civil, track and multi-system integration, and private siding execution for industrial customers. In S&T, it delivers Electronic Interlocking, Route Relay and Panel Interlocking, Centralized Traffic Control, Communication-Based Train Control, Automatic Signalling, Automatic Train Protection, and ETCS Level 2 solutions. Representative examples include CBTC systems for Hyderabad Metro and Nagpur Metro, and platform screen doors for Mumbai Metro Line 3.
To support safety and automation initiatives such as Kavach, it operates an Engineering Design and Research Center for modelling, configuration, research and testing, and a wholly owned product subsidiary, Nova Control Tecnologix, which has a co-development agreement with Tata Elxsi. As of 31 July 2025, it employed 425 full-time personnel.
Promoters of e2E Rail – Zephyr Mantra LLC, Ventureast EtoE LLP, Sourajit Mukherjee
Table of Contents
e2E Rail IPO Details
| e2E Rail IPO Dates | 26 – 30 December 2025 |
| e2E Rail Issue Price | INR 164 – 174 per share |
| Fresh Issue | 48,40,000 shares (INR 79.38 – 84.22 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 48,40,000 shares (INR 79.38 – 84.22 crore) |
| Minimum Bid | 1,600 shares (INR 2,35,200) |
| Lot Size | 800 shares (INR 1,39,200) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | NSE EMERGE |
e2E Rail Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 134.58 | 170.18 | 250.81 |
| Expenses | 125.13 | 158.41 | 235.33 |
| Net income | 7.77 | 9.71 | 14.37 |
e2E Rail Offer News
- e2E Rail RHP
- e2E Rail Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
e2E Rail Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 6.30 | 7.88 | 11.58 |
| PE ratio | – | – | 14.16 – 15.03 |
| RONW (%) | 13.60 | 14.53 | 12.39 |
| NAV | 46.34 | 54.21 | 93.47 |
| ROCE (%) | 14.21 | 15.68 | 15.69 |
| EBITDA (%) | 9.87 | 10.78 | 10.59 |
| Debt/Equity | 0.75 | 0.91 | 0.57 |
e2E Rail IPO GMP Today
| Date | Consolidated IPO GMP | Subject to Sauda |
| Coming soon | – | – |
e2E Rail IPO Subscription – Live Updates
Coming soon
The market maker reservation portion of () shares and the anchor investor portion of () shares are not included in the above calculations.
e2E Rail IPO Allotment Status
e2E Rail IPO allotment status is now available on the MUFG Intime website. Click on this link to get the allotment status.
e2E Rail IPO Dates & Listing Performance
| IPO Opening Date | 26 December 2025 |
| IPO Closing Date | 30 December 2025 |
| Finalization of Basis of Allotment | 31 December 2025 |
| Initiation of refunds | 1 January 2025 |
| Transfer of shares to demat accounts | 1 January 2025 |
| IPO Listing Date | 2 January 2025 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
e2E Rail Offer Lead Manager
HEM SECURITIES LIMITED
904, A Wing, Naman Midtown, Senapati Bapat Marg,
Elphinstone Road, Mumbai-400013, Maharashtra.
Phone: +91- 22- 4906 0000
Email: [email protected]
Website: www.hemsecurities.com
e2E Rail Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
e2E Rail Contact Details
E To E TRANSPORTATION INFRASTRUCTURE LIMITED
10th Floor, Sattva Galleria, Survey, Nos. 19/2 and 20/1,
Bellary Road, Byatarayanapura, Bengaluru-560092, Karnataka
Phone: +080-49311999
E-mail: [email protected]
Website: www.etoerail.com
IPO FAQs
What is the e2E Rail offer size?
e2E Rail’s offer size is INR 79.38 – 84.22 crores.
What is the e2E Rail offer price band?
e2E Rail public offer price is INR 164 – 174 per share.
What is the lot size of the E to E Transportation Infrastructure IPO?
E to E Transportation Infrastructure offer lot size is 800 shares.
What is the e2E Rail IPO GMP today?
e2E Rail IPO GMP today is INR NA per share.
What is the e2E Rail IPO Subject to Sauda rate today?
e2E Rail Subject to Sauda rate today is INR NA per application.