The initial public offering (IPO) of E to E Transportation Infrastructure has witnessed an overwhelming response from investors by the third day of its bidding process. The public issue, which opened for subscription on December 26, 2025, and will close on December 30, 2025, is aiming to raise ₹84 crore through a fresh issue of shares.
Record-Breaking Subscription Numbers
By 12:48 PM on the third day of the offer, the IPO had been subscribed a staggering 208.65 times. The demand was led by non-institutional investors (NIIs), whose quota was booked 546.43 times. Retail investors showed immense confidence, subscribing their portion 374.10 times, while qualified institutional buyers (QIBs) had filled 13.45 times of their allocated share. This robust subscription indicates strong market belief in the company's prospects.
Grey Market Buzz and Potential Listing Gains
Even before the subscription window opened, the IPO had created a significant buzz in the unofficial grey market. The E to E Transportation Infrastructure IPO GMP (Grey Market Premium) has seen a sharp rise, reaching ₹147 per share today. This marks a substantial increase from ₹100 just a week ago.
This premium of ₹147 over the upper price band of ₹174 suggests that the grey market is anticipating a listing price of around ₹321 per share. If this materializes, it would translate to a potential listing gain of over 84.50% for successful allottees. Market observers attribute this strong grey market sentiment to the weak secondary market scenario, which is driving investor interest towards promising public issues.
Key IPO Details and Timeline
The company has set a price band of ₹164 to ₹174 per share for its maiden public offering. Hem Securities Limited is the Book Running Lead Manager for this issue. The official registrar is MUFG Intime India Private Limited.
The shares are proposed to be listed on the NSE SME Emerge platform. The tentative date for the finalization of the share allotment is December 31, 2025. Following this, the most likely E to E Transportation Infrastructure IPO listing date is January 2, 2026 (corrected from source), when investors will see if the grey market predictions hold true.
Disclaimer: This article is for informational purposes only. The views and recommendations are those of market analysts and not of the publisher. Investors are advised to consult with certified financial experts before making any investment decisions.
