E to E Transportation IPO GMP

January 1, 2026 Written By Mihir Gohel, Reviewed and Fact Checked by Harpal Parmar

E to E Transportation IPO opens for subscription from December 26 to 30, 2025, with shares listing on NSE SME on January 2, 2026. The fresh issue raises ₹84.22 crore through 48.40 lakh shares at a price band of ₹164 to ₹174 per share. E to E Transportation Infrastructure specializes in railway signaling, telecommunication systems, electrification, and turnkey infrastructure projects, serving Indian Railways and metro projects with an order book of ₹439.64 crore as of June 2025. The E to E Transportation IPO offers exposure to India’s railway modernization and urban transit expansion.

₹156.60

Latest IPO GMP

Last updated on 01 Jan 2026 20.18

₹174

IPO Offer Price

*cut off price

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Listing Price

Listing date is 02/01/2026.

Expert Opinions

Market sentiment for E to E Transportation IPO reflects optimism from 47% revenue surge to ₹253.82 crore and 36% PAT growth to ₹13.99 crore in FY 2025, alongside a ₹439 crore order book spanning railway signaling and metro projects. Company strengths lie in turnkey expertise for Indian Railways electrification, CBTC systems for Hyderabad/Nagpur metros, and diversified execution across 50 contracts with 353 skilled employees. Risks involve order execution delays, working capital intensity, client concentration in public sector, and tender competition.

Valuation analysis for E to E Transportation IPO and year 2025 shows Return on Equity (ROE) of 15.72%, ROCE of 15.69%, and Net Asset Value (NAV) of ₹93.47, indicating steady capital utilization at reasonable multiples. Long-term perspective supports compounding through ₹2.5 lakh crore rail capex, metro expansions, and order conversions, ideal for infrastructure allocators over volatile short-term listing plays.

Investor Considerations

E to E Transportation IPO investors must review the company’s fundamentals, showcasing 47% revenue escalation to ₹253.82 crore and 36% PAT climb to ₹13.99 crore in FY 2025, despite Q2 loss amid execution pressures, supported by ₹439 crore order book across 50 contracts. Railway signaling and metro sector outlook thrives on ₹2.5 lakh crore capex for electrification and urban transit.

Valuation analysis for E to E Transportation IPO in 2025 features Price to Book Value of 1.86, PAT Margin of 5.73%, and Debt/Equity ratio of 0.57, denoting balanced leverage and asset efficiency. Growth drivers include working capital boost, tender pursuits, and metro expansions. Risks span contract delays, interim losses, public sector dependency, and manpower constraints. Long-term horizons capture infrastructure multipliers from policy thrust, eclipsing short-term volatility tied to allotments and quarterly swings.