ET

E to E Transportation Infrastructure

Book Building issueSMENSE₹84.22 Cr issue
+90.00%
Listing gain over issue price
Issue size
₹84.22 Cr
1 lot at cut-off
₹1,39,200
Lot size
800shares
Open
26 Dec 2025
Close
30 Dec 2025
Allotment
31 Dec 2025
Listing
02 Jan 2026

Listing performance

Issue price
₹174
Listed at
₹330.6
Listing-day close
₹327.8
Latest price
₹260
Listing gain
+90.00%
Return since listing
+49.43%

Scheduled dates

Tentative timetable — a past date is not confirmation the step completed

  1. Open
    26 Dec 2025
  2. Close
    30 Dec 2025
  3. Allotment
    31 Dec 2025
  4. Refund
    01 Jan 2026
  5. Demat credit
    01 Jan 2026
  6. Listing
    02 Jan 2026

Grey market premium

Unofficial and indicative — not a forecast

₹162

3 observations recorded — too few to plot a trend.

Day-wise premium · 3 observations
DateGMP%SaudaEst. listingGain / lot
02 Jan 2026₹162+93.10%₹98,500₹336₹1,29,600
01 Jan 2026₹162+93.10%₹98,500₹336₹1,29,600
31 Dec 2025₹145+83.33%₹88,200₹319₹1,16,000

Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.

Issue details

IPO date
26 Dec 2025 – 30 Dec 2025
Listing date
02 Jan 2026
Face value
₹10 per share
Issue price
₹174 per share
Lot size
800 shares
Issue type
Book Building issue
Listing at
NSE
Total issue size
₹84.22 Cr
Market cap at offer price
₹300 Cr
Promoter holding
45.19% → 32.51% pre-issue → post-issue
ISIN
INE1CEJ01017
Registrar
MUFG Intime India Pvt.Ltd.
Lead managers
Hem Securities Ltd.
Registered office
10th Floor, Sattva Galleria, Survey, Nos.19/2 and 20/1, Bellary Road, Byatarayanapura, Karnataka

Reservation and application size

How the issue is split between investor categories, and what each may bid

Investor categoryShares% of net% of total
Anchor investor · within QIB13,77,600
Market maker 2,44,000

Application size

Minimum 800 shares per lot, in multiples, at ₹174

ApplicationLotsSharesAmount
Retail (min)1800₹1,39,200
S-HNI (min)21,600₹2,78,400
S-HNI (max)75,600₹9,74,400
B-HNI (min)86,400₹11,13,600

Category limits

CategoryBid sizeCut-off
Retail (RII)Up to ₹2 lakhYes
Small HNI (sNII)₹2 lakh – ₹10 lakhNo
Big HNI (bNII)Above ₹10 lakhNo
EmployeeUp to ₹5 lakhYes

Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.

Anchor investors

Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.

Shares allocated
13,77,600
Anchor portion
₹23.97 Cr
at ₹174 per share

Valuation and performance

Valuation at offer price

₹174 per share

MetricPre-issuePost-issue
EPS (₹)11.27-8.68
P/E (×)15.44
Price to book (×)1.86
Market cap₹300 Cr

No price-to-earnings multiple is shown: the company reported a loss, and an earnings multiple struck on negative earnings would read as a cheap valuation while meaning the opposite.

Key performance indicators

Latest reported period

Return on net worth
12.39%
ROCE
15.69%
Debt / equity
0.57
PAT margin
5.73%
EBITDA margin
10.59%
NAV per share
₹93.47
Price to book
1.86

Single period as reported. Year-on-year movement is in the financials table below, where every period is published.

Disclaimer. Figures are compiled from the issuer's offer document and exchange-published bidding data. Subscription changes until the issue closes, and the final basis of allotment is published by the registrar. Grey Market Premium is unofficial, indicative data from unregulated grey-market dealers — it is not published by NSE, BSE, SEBI or the issuer, and is not a forecast of the listing price. Nothing here is investment advice or a recommendation; read the offer document and consult a SEBI-registered adviser before applying.