E to E Transportation Debuts at ₹330.60, Delivers 90% Listing Premium
E to E Transportation Infrastructure Ltd made a successful market debut with shares listing at ₹330.60, representing a 90% premium over the IPO price of ₹174. The railway signalling and system integration company achieved a market capitalisation of ₹599.01 crore following its record-breaking IPO that was oversubscribed 526 times, demonstrating strong investor confidence in India's railway infrastructure sector.
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E to E Transportation Infrastructure Ltd made a stellar debut on the NSE Emerge platform, with shares listing at ₹330.60 per share, delivering a remarkable 90% premium over the IPO issue price of ₹174. The rail engineering and system integration company's shares traded at ₹331.00 at 12:05 pm and scaled to a high of ₹347.10, hitting the upper circuit limit on the first day of trading.
Strong Market Debut Validates Investor Confidence
The impressive listing performance validated the overwhelming investor response during the IPO subscription period. Following the debut, the company's market capitalisation reached approximately ₹599.01 crore, reflecting robust investor confidence in its business model and growth prospects in India's expanding railway infrastructure sector.
| Listing Performance: | Details |
|---|---|
| Listing Price: | ₹330.60 |
| Issue Price: | ₹174.00 |
| Premium: | 90.00% |
| Day High: | ₹347.10 |
| Market Cap: | ₹599.01 crore |
Record-Breaking IPO Subscription
The successful listing followed an extraordinary IPO response, with the ₹84.22 crore public issue concluding with 526.26 times oversubscription during the bidding period from December 26 to December 30. The subscription data revealed exceptional investor enthusiasm across all categories, with non-institutional investors leading at 872.09 times subscription, retail investors at 544.28 times, and qualified institutional buyers at 236.30 times.
| Subscription Details: | Performance |
|---|---|
| Overall Subscription: | 526.26 times |
| Non-Institutional Investors: | 872.09 times |
| Retail Investors: | 544.28 times |
| Qualified Institutional Buyers: | 236.30 times |
| Total Bids: | 1.69 billion shares |
| Shares Offered: | 3.21 million shares |
Company Profile and Financial Performance
Incorporated in 2010, E to E Transportation Infrastructure Ltd operates as a comprehensive system integrator specializing in railway signalling and telecommunication systems. The ISO 9001:2015 certified company provides end-to-end engineering solutions across mainline railways, metro rail projects, and private industrial sidings. The company has executed projects aligned with Kavach 4.0, India's indigenous automatic train protection system, highlighting its expertise in safety-critical railway infrastructure.
| Financial Highlights: | Value |
|---|---|
| Operating Revenue (FY25): | ₹250.80 crore |
| Net Profit After Tax (FY25): | ₹14.37 crore |
| Order Book (Sep 30, 2025): | ₹401.10 crore |
| IPO Size: | ₹84.22 crore |
| Fresh Issue: | 48 lakh shares |
IPO Structure and Proceeds Utilization
The IPO comprised entirely of fresh equity shares with a price band between ₹164-₹174 per share and a lot size of 800 shares, requiring a minimum investment of ₹2,78,400 for retail investors. Share allotment was finalized on December 31, with refunds processed and shares credited to successful applicants' Demat accounts on January 1. The company plans to utilize the IPO proceeds primarily for working capital requirements and general corporate purposes to support ongoing and future project execution.
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