E to E Transportation Infrastructure Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹174
Per ShareLot Size
800 Shares
Minimum Investment
₹1,39,200
Issue Size
₹84.22 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35.02%
QIB Quota
49.97%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
E to E Transportation Infrastructure Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
44.77%
Promoter Holding (Post-Issue)
32.21%
Issue Type
Book Building - SME
ISIN
INE1CEJ01017
About the Company
The Company is an ISO 9001:2015 certified company, operating as a system integrator for rail engineering solutions across mainline, urban transit, and private siding segments. With over 15 years of experience, it offers comprehensive rail engineering services for railway infrastructure projects, providing customized solutions for designing, procurement, installation and testing of rail signaling & tele-communication systems, track electrification and turnkey projects involving civil and track components, both in India and in select international markets. Its client base includes Zonal Railways, public sector undertakings (PSUs) under Indian Railways, large-scale manufacturers, corporate entities with their privately owned rail sidings and infrastructure development companies. Its integrated offerings include design, consultancy, procurement, supply chain solutions, system integration, installation and operations & maintenance services across a wide spectrum of railway infrastructure projects focusing on railway signal modernization and automation initiative.
Industry Overview
The government has prioritized transforming Indian Railways into a world-class entity. In the Union Budget 2024-25, presented by Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman on July 23, 2024, a record capital expenditure (Capex) of Rs.2,62,200 crores has been allocated to the Railways. The Gross Budgetary Support for the same period is set at Rs.2,52,200 crores, a significant increase from the Rs.2,40,200 crores in 2023-24, and a substantial rise from Rs.28,174 crores in 2013-14. Indian Railways has achieved significant milestones, including commissioning 31,180 track kilometers in the past decade. The pace of track laying has increased from 4 kilometers per day in 2014-15 to 14.54 kilometers per day in 2023-24. Furthermore, 41,655 Route Kilometers (RKMs) have been electrified from 2014-2024, compared to only 21,413 RKMs before 2014. Under the PM Gati Shakti Mission, Indian Railways has adopted a new approach to infrastructure development. Three Economic Railway Corridors-Energy, Mineral, and Cement Corridors (192 Projects); Port Connectivity Corridors (42 Projects); and High Traffic Density Corridors (200 Projects) have been identified. The focus remains on enhancing capacity, decongesting high density networks, reducing logistics costs, and improving passenger experience and safety.
Company History
The Company was originally formed as a Private Limited Company under Companies Act, 1956 in the name and style of "E to E Transportation Infrastructure Private Limited" pursuant to a certificate of incorporation dated March 09, 2010 which was issued by the Deputy Registrar of Companies, Karnataka, bearing CIN: U45201KA2010PTC052810. Subsequently, pursuant to special resolution passed by the shareholders at the Extra Ordinary General Meeting, held on November 13, 2024 the Company converted into a Public Limited Company and the name of the Company was changed from "E to E Transportation Infrastructure Private Limited" to "E to E Transportation Infrastructure Limited" vide a fresh certificate of incorporation dated December 04, 2024 was issued by the Registrar of Companies, Central Processing Centre, Manesar bearing CIN U45201KA2010PLC052810.
Products & Services
- The Company is operating as a system integrator for rail engineering solutions across mainline, urban transit, and private siding segments.
Growth Strategy
- Continue to expand its geographical footprint within and beyond India.
- Strengthening Project execution through research and development.
- Diversification through Product Design and Engineering.
- Capitalize growing demand in Railway infrastructure sector.
- Maintaining cordial relationship with its Suppliers, Customer and employees.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of up to 48,40,000 equity shares of face value of Rs.10/- each (the "Equity Shares") of E to E Transportation Infrastructure Limited ("the company" or "ETIL" or "the Issuer") at an issue price of Rs. 174 per equity share (including a share premium of Rs. 164 per equity share) for cash, aggregating up to Rs. 84.22 crores ("Public Issue") of which 2,44,000 equity shares of face value of Rs.10/- each, at an issue price of Rs. 174 per equity share for cash, aggregating Rs. 4.25 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 45,96,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 174 per equity share for cash, aggregating upto Rs. 79.97 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 28.04% and 26.63% respectively of the post- issue paid-up equity share capital of the company. Price Band: Rs. 174 per equity share of face value Rs. 10/- each. The floor price is is 17.40 times of the face value of the equity shares. Bids can be made for a minimum of 1600 equity shares and in multiples of 800 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Capability across different stages of project execution.
- Strong and diversified order book (unfulfilled portion of the original order).
- Experienced board and key managerial personnel and skillfully trained workforce.
- Undertaken diverse categories of projects with an asset light model.
- Established financial track record.
- The company derives a substantial portion of its revenues from a limited number of customers, particularly government clients including Indian Railways and its associated entities.
- Any delays in project execution works may impact the timely execution which may lead to penalties, loss of reputation, or termination of contracts.
- Its Order Book (unfulfilled portion of the original order) is subject to cancellation, modification or delay which may materially and adversely affect the company business, futures prospects, reputation, financial condition and results of operations.
- The company's inability to collect receivables from its customers or default in payment by them could result in the reduction of the company profits and affect its cash flows.
- The Company operations requires significant amount of working capital for a continuing growth and subject to delays in payments from government clients. Its inability to meet the company working capital requirements may adversely affect its results of operations.