E and E Transportation Infrastructure IPO Review 2025: Price, Dates, Financials, Risks & Subscription Details
The E and E Transportation Infrastructure IPO has attracted strong attention in the SME segment due to its solid revenue growth, diversified order book, and involvement in critical rail and urban transportation infrastructure projects across India. Below is a complete and unbiased analysis of the IPO based on officially available data.
E and E Transportation Infrastructure IPO – Key Highlights
| Particulars | Details |
|---|---|
| IPO Name | E and E Transportation Infrastructure Ltd IPO |
| IPO Type | SME IPO |
| Issue Size | ₹84.22 Crore |
| Price Band | ₹164 – ₹174 per share |
| Lot Size | 800 shares |
| Minimum Investment | ₹2,62,400 |
| Face Value | ₹10 per share |
| Listing Exchange | NSE SME |
| Registrar | LINK Intime India Pvt Ltd |
| IPO Opening Date | 26 December 2025 |
| IPO Closing Date | 30 December 2025 |
| Tentative Allotment Date | 31 December 2025 |
| Tentative Listing Date | 02 January 2026 |
🏗️ About E and E Transportation Infrastructure Ltd
E and E Transportation Infrastructure Ltd is a system integrator focused on rail engineering and transportation infrastructure. The company works across:
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Mainline rail networks
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Urban transit systems
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Private siding projects
Core Services:
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Design & engineering
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BOQ preparation
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Procurement
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Project & contract management
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Installation & maintenance
The company executes projects related to:
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Signalling & telecommunication
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Overhead electrification
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Private sidings
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Platform screen doors
Company Profile:
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Founded: 2010
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MD & CEO: Mr. Vinay Kumarji Panduranga Rao
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Parent Organisation: E to E Transportation Infrastructure Ltd
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Certification: ISO 9001:2015 (Quality Management System)
📊 IPO Subscription Status (as per screenshots)
| Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | 3.74x |
| Non-Institutional Investors (NII) | 6.66x |
| Retail Individual Investors (RII) | 4.54x |
| Total Subscription | 4.90x |
👉 The subscription numbers show healthy investor demand, especially from NIIs.
💰 Financial Performance (₹ in Crores)
Revenue Growth:
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FY23: ₹136 Cr
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FY24: ₹170 Cr
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FY25: ₹261 Cr
📈 The company has shown strong and consistent revenue growth over the last three years.
Profit Growth:
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FY23: ₹7.77 Cr
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FY24: ₹9.71 Cr
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FY25: ₹14.37 Cr
📈 Profitability has improved steadily, indicating better execution efficiency and margin control.
📦 Order Book Strength
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Original Order Value: ₹925.36 Cr
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Pending Execution Value: ₹401.00 Cr (as of 30 Sept 2025)
This strong order book provides future revenue visibility, which is a positive indicator for long-term investors.
✅ Strengths of E and E Transportation Infrastructure IPO
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Diverse Project Portfolio
Projects across railways, metro systems, private sidings, signalling, electrification, and platform screen doors. -
Strong Order Book Visibility
Large pending orders ensure business continuity. -
Asset-Light Business Model
Heavy reliance on subcontractors and RDSO-approved vendors reduces capital intensity. -
Experienced Management Team
Focused on engineering, execution, and cost control. -
Consistent Financial Growth
Revenue and profit have grown significantly year-on-year.
⚠️ Key Risks & Concerns
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Revenue Concentration Risk
A large portion of revenue comes from a limited number of customers, mainly Indian Railways and government bodies. -
Delayed Receivables
As of Sept 30, 2025, receivables stood at ₹78.43 Cr, impacting cash flow. -
Legal & Contractual Risks
Ongoing legal proceedings could affect business operations. -
Government Dependency
Heavy reliance on government projects exposes the company to policy changes and budget allocations. -
Seasonal & Cyclical Nature of Business
Infrastructure projects are influenced by tender cycles and approvals. -
High Outstanding Debt
Outstanding borrowings of ₹155.22 Cr (as of Sept 2025) may impact financial stability.
🧾 IPO Application Details
| Category | Details |
|---|---|
| Apply As | Individual Investor |
| Price Band | ₹164 – ₹174 |
| Application Amount | ₹2 – 5 Lakh |
| Lot Size | 800 shares |
Retail investors can apply as Individual Investors under the SME IPO category.
❓ Frequently Asked Questions (FAQs)
Q1. What is the issue size of E and E Transportation Infrastructure IPO?
The total issue size is ₹84.22 crore.
Q2. What is the minimum investment required?
Minimum investment is ₹2,62,400 (one lot of 800 shares).
Q3. When will the IPO allotment be finalized?
Tentatively on 31 December 2025.
Q4. On which exchange will the shares be listed?
The shares are proposed to be listed on NSE SME.
Q5. Is this IPO risky?
Yes, SME IPOs are generally riskier due to lower liquidity, higher volatility, and dependence on limited customers.
📢 Final Verdict: Should You Apply?
The E and E Transportation Infrastructure IPO offers:
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Strong financial growth
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Healthy order book
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Infrastructure sector exposure
However:
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High debt
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Government dependency
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SME liquidity risks
👉 Suitable for investors with high-risk appetite and long-term vision, not ideal for conservative investors.
⚠️ Disclaimer
This article is for educational and informational purposes only. It is not investment advice. SME IPOs involve high risk, including liquidity and volatility risks. Investors should consult a SEBI-registered financial advisor and read the IPO prospectus carefully before investing. The author is not responsible for any financial losses.
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