National, January 2, 2026: Shares of E to E Transportation Infrastructure Limited made a strong debut on the Indian stock market on Friday, listing at ₹330.60 per share on the NSE SME platform, representing a 90 percent premium over the issue price of ₹174. The listing marked one of the early SME market debuts of 2026.
The strong listing followed an overwhelming response to the Company’s initial public offering (IPO), which was subscribed 526.56 times during the three-day bidding period from December 26 to December 30, 2025. The ₹84.22-crore SME IPO comprised a fresh issue of equity shares, with proceeds primarily earmarked for working capital requirements, and the remainder for general corporate purposes.
The Company received bids for 169.46 crore shares against 32.18 lakh shares on offer, reflecting robust demand across investor categories. The retail investor portion was subscribed 544.28 times, while the non-institutional investor (NII) segment saw subscription of 872.09 times. The qualified institutional buyers (QIBs) category was subscribed 236.30 times.
Market participants noted that the listing performance was largely in line with grey market expectations. The grey market premium (GMP) for the SME IPO stood at around ₹162, indicating a likely listing price of approximately ₹336 per share, or a premium of over 93 percent to the upper end of the issue price band.
About the IPO:
Issue Size: ₹84.22 crore (Fresh issue)
Price Band: ₹164 – ₹174 per equity share
Lot Size: 800 equity shares
Bidding Period: December 26 – December 30, 2025
Allotment Finalisation: December 31, 2025
Listing Date: January 2, 2026 (on NSE SME)
Ahead of the public issue, the Company raised ₹23.97 crore from anchor investors, with the anchor bidding process conducted on December 24, 2025. The IPO was offered through a book-built process and did not include any offer-for-sale component.
MUFG Intime India Private Limited acted as the registrar to the issue, while Hem Securities Limited served as the book running lead manager.