BSE List Price : ₹330.60

subscription

Category	Times
QIBs	236.3x
HNIs	872.89x
Retail	546.34x
Total : 527.76x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	1,600	₹278,400
Retail Maximum	2	1,600	₹278,400
S-HNI Minimum	3	2,400	₹417,600
S-HNI Maximum	7	5,600	₹974,400
B-HNI Minimum	8	6,400	₹1,113,600

About the Company

E To E Transportation Infrastructure Limited, established in 2010, is a prominent provider of engineering and system integration solutions for the railway industry. The company’s service portfolio covers Signaling & Telecommunications (S&T), Overhead Electrification (OHE), Track Works and System Integration, Private Sidings, and its Engineering Design and Research Centre (EDRC).

The company delivers end-to-end rail engineering solutions, encompassing design, procurement, execution, installation, and testing. Over the years, it has executed projects for Indian Railways, public sector undertakings, private sidings, and various infrastructure companies across India. As of July 31, 2025, the company employs approximately 425 professionals.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹135.70	₹125.13	₹8.15	₹145.16
2024	₹172.50	₹158.41	₹10.26	₹200.89
2025	₹253.82	₹235.33	₹13.99	₹200.89
September 2025	₹112.78	₹122.95	₹7.49	₹200.89

Company Promoter

Zephyr Mantra LLC

Ventureast ETOE LLP

Sourajit Mukherjee

Know before investing

• • Strengths

  Robust Project Execution Strengths: The company functions as a system integrator in railway infrastructure, managing end-to-end activities such as design, BOQ preparation, procurement, and overall project execution. Having successfully completed over 17 projects across signalling, telecommunications, OHE, and private siding works, it has developed strong capabilities in modern railway technologies, including Platform Screen Doors (PSDs).
  
  Diversified Project Mix with an Asset-Light Structure: The company has undertaken a wide range of railway projects, including signalling, telecommunications, electrification, and turnkey engineering solutions. By following an asset-light model and engaging subcontractors along with RDSO-approved equipment suppliers, it maintains operational flexibility, lowers capital investment requirements, and optimizes the use of resources.

• • Risks

  Risk of Project Execution Delays: Railway projects are inherently complex, involving advanced engineering, numerous stakeholders, and stringent schedules. Delays at any stage—whether in design, integration, or coordination—can result in penalties, damage to reputation, or, in extreme cases, termination of contracts.
  
  Reliance on Securing New Orders: The company’s growth is largely dependent on winning fresh contracts through competitive tenders from government bodies and PSUs. Any delays or cancellations in tenders, tighter eligibility criteria, policy shifts, or increased competition could limit order inflows, adversely affecting the order book and revenue visibility.

Objects of the Issue & Utilisation of proceeds

To meet working capital requirements.

General Corporate Purpose.

Company  Address

E to E Transportation Infrastructure Limited.
10th Floor, Sattva Galleria, Survey,
Nos. 19/2 and 20/1, Bellary Road,
Byatarayanapura, Bangalore North,
Bangalore-560092, Karnataka
Phone:
E-mail: srilakshmi.surendran@etoerail.com
Website: https://etoerail.com/

IPO Registrar

MUFG Intime India Pvt. Ltd.
Phone: +91-22-4918 6270
Email: etoetransportation.smeipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

IPO Review

Apply