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Issue Open Date
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26-Dec-25
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Issue Closing Date
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30-Dec-25
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Application Money
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100
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Allotment Money
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Price Band
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164
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174
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Minimium Application No.
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1600
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Issue Size (Shares)
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4840000
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Market Lot
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1
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Objective
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1) To meet working capital requirements; 2) General Corporate Purpose.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description:
To enhance the safety and efficiency of train operations, signalling systems are being modernized with the latest technologies, including Kavach, Electronic Interlocking, and Automatic Signalling. (Source - Industry Data). Government has been taking steps for modernization of the signalling system to enhance the safety and efficiency of train operations. To take advantage of these initiatives we have established E2E Rail's Engineering Design and Research Center (EDRC) for undertaking research and testing activities in railway engineering. The centre is equipped with a team of engineers and designers equipped with advanced tools for electrification modelling, and configuration tools for Electronic Interlocking(EI) systems, for undertaking activities relating to signalling & telecommunication, electrification & electronic interlocking design etc. Further, we have incorporated a wholly owned subsidiary company i.e. Nova Control Tecnologix Private Limited with an objective to actively engage in the business of designing, development and manufacturing of products required in the railway signalling and telecommunication business. This subsidiary has been created to achieve the vision of getting “Atmanirbhar” and also contribute on the Make in India initiative. In the inception itself Nova Control Tecnologix Private Limited have entered into an agreement with Tata Elxsi for designing and co-develop Automatic Train Protection System (Kavach) to address the requirements of Indian Railways Industry as well as international markets. We follow a structured approach to project execution, balancing in-house capabilities with selective outsourcing to ensure timely delivery and adherence to quality standards. While our core activities such as design, engineering, and system integration are managed internally, we outsource certain execution components such as civil works, fabrication, and installation to qualified subcontractors and vendors. All outsourced activities are monitored through quality control processes, supervisory oversight, and compliance with project specifications and safety protocols. This enables us to optimize resource allocation, scale operations across multiple sites, and maintain consistency in delivery while ensuring that each project meets the technical and regulatory requirements of our clients. Our workforce as of July 31, 2025 consisted of 425 full time employees on a standalone basis which position us to undertake growing number of large scale projects. As of the date of this Draft Red Herring Prospectus, our ongoing projects are spread across different states, which includes Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Punjab, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal. To ensure efficient project execution and localized coordination, we have established Project Implementation Units (PIUs) across these locations. These PIUs are responsible for managing and executing projects within their assigned regions, which helps to manage resources effectively, maintain coordination with clients, and ensure timely execution of projects across diverse geographies.
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Promoter's Holding
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Total Share Capital
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5558817
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Offered to Public
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4840000
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Promoter's Holding (Pre-Issue)
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44.77
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Promoter's Holding (Post-Issue)
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Address |
10th Floor
Sattva Galleria
Survey
Nos. 19/2 And 20/1
Bellary Road
Byatarayanapura
Bangalore North
Bengaluru
,
Karnataka
,
560092
Phone :
080-49311999
Email :
srilakshmi.surendran@etoerail.com
Website :
https://etoerail.com/
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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NSE
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Lead Manager |
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Hem Securities Ltd.
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Promoters |
Sourajit Mukherjee
Ventureast Etoe LLP
Zephyr Mantra LLC
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