E to E Transportation Infrastructure Ltd has launched its initial public offering (IPO) on December 26, 2025, aiming to raise around ₹84 crore through the NSE SME Emerge platform. The company, which specialises in engineering and system integration services for railway and transit infrastructure projects, has set its price band at ₹164‑₹174 per share.
The IPO includes a fresh issue of 48.4 lakh equity shares. Retail investors can apply for a minimum of 2 lots (1,600 shares), requiring an investment of approximately ₹2.78 lakh at the upper end of the price band. Non-institutional and high-net-worth applicants have slightly higher minimum subscription requirements. The subscription window will remain open until December 30, 2025.
Investor interest appears strong even before the IPO opens. The grey market premium (GMP) is around 75%, indicating positive sentiment and expectations of a strong listing. Informal trading suggests that the stock could debut near ₹300 per share, although grey market figures can fluctuate and do not guarantee actual listing prices.
Prior to the public offering, anchor investors were allotted 13.77 lakh shares on December 24, 2025, raising nearly ₹24 crore. Of these, 50% of shares are locked in for 30 days, while the remaining shares are under a 90-day lock-in period, helping stabilize the stock in the initial trading phase.
The company is promoted by Mukul Agrawal, who holds a 19.37% stake. The proceeds from the IPO will be primarily used to fund working capital requirements and general corporate purposes, supporting the company’s ongoing projects and operations.
The listing on the NSE SME platform is scheduled for January 2, 2026, and early investor activity suggests a potentially positive debut.