ListedSME platform

E TO E Transportation Infrastructure Limited

E2ERAILEngineering Services26 Dec 2025 – 30 Dec 2025INE1CEJ01017

Promoters ZEPHYR MANTRA LLC · VENTUREAST ETOE LLP · SOURAJIT MUKHERJEE

On listing day it
—
we hold no exchange bar dated on the listing date
Since then, against the issue price
+54.9%
₹269.5 on 5 Nov 2026

Against an issue price of ₹174. Split- and bonus-adjusted official closes — a past move, never a forecast.

Issue price
₹174
final issue price
Issue size
₹84 cr
Lot size
—
Listed on
2 Jan 2026
NSE
Now trading as E2ERAIL — see its filed financials and price history →
Notes

E TO E Transportation Infrastructure Limited raised ₹84 crore through a SME-platform initial public offer.

The filing places it in Engineering Services and names three promoters: ZEPHYR MANTRA LLC, VENTUREAST ETOE LLP and SOURAJIT MUKHERJEE.

The book was open from 26 December 2025 to 30 December 2025.

The issue was priced at ₹174 a share, from a band of ₹164 to ₹174.

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

The shares listed on 2 January 2026.

The last official close on file is ₹270 (5 November 2026), which is 54.9% above the issue price.

It now trades as E2ERAIL, and its filed financials are on its company page.

How it has done since listing
NSE close · 5 Nov 2026
Issue price
₹174
final issue price
Listing-day move
—
Now vs issue price
+54.9%
5 Nov 2026
Since first close
—

Shares sold in the issue at ₹174 last closed at ₹269.5.

See E2ERAIL’s filed financials and price history →

Official exchange closes, restated for splits, bonuses and rights issues since listing. A record of past price movement, not a forecast.

The offer
Regulation 229(2)
Issue price
₹174
face value ₹10
Issue size
₹84 cr
How it was priced
Book-built — the price was discovered inside a band from the bids received
Listing sought at
NSE
Registered office
Southern India
Company website
www.etoerail.com
Registrar
Link Intime India Private Limited
Lead manager
  • Hem Securities Limited
What happens when
5-day book
  1. Bidding opens26 Dec 2025
  2. Bidding closes30 Dec 2025
  3. Basis of allotmentnot published

    Not published in the exchange feeds we ingest — we do not estimate it.

  4. Listing2 Jan 2026
Subscription

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Demand at each price

We did not poll this issue while its book was open. The exchange publishes only the current cumulative figure and no history, so a subscription series cannot be reconstructed after an issue closes.

Anchor investors

We have not extracted an anchor allotment list for this issue.

When locked shares come free
computed from ICDR rules
  • All other pre-issue capital
    SEBI ICDR 2018 Reg. 17 — all other pre-issue capital, 6 months from allotment
    2 Jul 2026
    already free
  • Promoters' minimum contribution
    SEBI ICDR 2018 Reg. 16(1)(a) — promoters' minimum contribution, 18 months from allotment
    2 Jul 2027
    whole tranche releases on this date

Computed from the SEBI ICDR 2018 lock-in rules, not disclosed by the issuer or the exchange. The regulation counts from the date of allotment, which no feed we ingest publishes, so these are counted from the listing date and fall at most two to three business days later than the true expiry.

How the price was set

The "Basis for Offer Price" chapter states the earnings the price was set against and the multiples it implies. We have not extracted it for this issue — several offer documents are served as .zip archives or as scanned pages with no text layer.

Restated financials

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Objects of the offer

We have not extracted this section from the offer document for this issue yet. It is read from the abridged prospectus, and several offer documents are served as .zip archives or as scanned pages with no text layer.

Peers named by the issuer

The peer table is printed in the offer document's "Basis for Offer Price" chapter; we have not extracted it for this issue yet.

The issuer’s own figures, as it printed them
EPS
₹11.58
NAV per share
—
Return on net worth
12.39%

The issuer's own figures as printed at the head of the same table — its claim about itself, on the same basis as its claims about the companies below.

Who ran this issue, and what else they have run
past issues only
Lead manager
FirmIssuesTypical listing move
Hem Securities Limited
2023 – 2026
53
3 measurable
+85.9%
Registrar
FirmIssuesTypical listing move
Link Intime India Private Limited
2021 – 2026
176
15 measurable
+10.1%

A count of what happened to the other issues each firm was named on, computed from exchange closes. Not a rating, not a ranking, and not a view on the firm.

Read the offer documents
5 filed

Compiled from NSE and SEBI offer documents and exchange feeds. A description of the issue and of the bids received — not investment advice, and not a view on whether to apply. No grey-market premium, no allotment lookup and no listing-gain estimate is published here.