E to E Transportation IPO Subscribed 490x, GMP Soars Ahead of Listing

• E to E Transportation Infrastructure IPO closed with a massive 489.52 times subscription on December 30, driven by all investor categories.
• The rail engineering solutions provider raised Rs 84.2 crore through a fresh issue of 4.84 million shares at Rs 164-174 per share.
• Non-institutional and retail investors showed overwhelming interest, subscribing 872 times and 544 times their allotted quotas, respectively.
• The IPO shares traded at over an 80 percent premium in the grey market, reflecting strong investor confidence.
• Proceeds of Rs 70 crore will fund working capital, with the company holding a Rs 401.1 crore order book as of September 2025.

Why It Matters: E to E Transportation Infrastructure's IPO saw exceptional demand, oversubscribed nearly 490 times, indicating strong market confidence.