New Delhi: The SME segment is buzzing with IPO activity this week, and E to E Transportation Infrastructure Ltd is creating waves even before its market debut. The company’s IPO opens on Friday, 26 December, and closes on 30 December, but the Grey Market Premium (GMP) has already surged, signaling strong investor interest.
Grey Market Gains Skyrocket
As of Tuesday afternoon, the IPO price was set at ₹174 per share, while the grey market premium stood at ₹125 per share, valuing a single share at ₹299. This indicates a potential 72% profit for investors on listing day. For one retail lot of 800 shares, an investment of ₹2,78,400 could yield a profit of nearly ₹2 lakh.
IPO Details
The IPO has a total issue size of ₹84.22 crore, fully comprised of a fresh issue of 48 lakh shares. Shares are priced between ₹164 and ₹174, with a face value of ₹10 each. Retail investors must apply for a minimum of two lots and a maximum of two lots, ensuring an investment of ₹2,78,400. In case the IPO allocation does not go through, the invested amount will be refunded. The company’s shares are expected to list on 2 January 2026.
About the Company
Founded in 2010, E to E Transportation Infrastructure Ltd is an ISO 9001:2015 certified company providing system integration and engineering solutions for the railways. Its services include signaling and telecommunication (S&T), overhead electrification (OHE), track projects, system integration, private sidings, and engineering design and research. The company handles end-to-end railway engineering services, from design and procurement to installation and testing.
Use of IPO Funds
The company plans to use ₹80 crore from the IPO proceeds to meet its day-to-day operational expenses, while the remaining funds will be allocated for general corporate purposes.
Disclaimer: The information and analysis provided here reflect personal opinions of analysts and brokerage firms, not Navbharat Times. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions can change rapidly.
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