Last Updated:December 29, 2025, 17:41 IST

Unlisted shares of E to E Transportation Infra are trading at Rs 319 apiece in the grey market, which is 83% premium over the issue price of Rs 174, indicating a strong listing.

E to E Transportation Infrastructure IPO GMP: The initial public offering (IPO) of E to E Transportation Infrastructure Ltd witnessed its second day of bidding today, Monday, December 29. The price band of the Rs 84.22-crore IPO has been fixed in the range of Rs 164 and Rs 174. Till 5:40 pm on the second day of bidding on Monday, the IPO received a total of 123.77 times subscription, garnering bids for 39,83,49,600 shares as against 32,18,400 shares on offer.

Its retail category got a 166.21x subscription, while its non-institutional investor (NII) quota got a 181.29x subscription. Its qualified institutional buyer (QIB) category has received a 6.32x subscription.

E to E Transportation Infrastructure IPO GMP Today

According to market observers, unlisted shares of E to E Transportation Infrastructure Ltd are currently trading at Rs 319 apiece in the grey market, which is a 83.33 per cent premium over the issue price of Rs 174, indicating a strong listing. Its listing will take place on January 2, Friday, on the NSE’s SME platform.

The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

E to E Transportation Infrastructure IPO: More Details

E to E Transportation Infrastructure’s Rs 84.22-crore initial public offering is a book-built issue consisting entirely of a fresh issuance of 0.48 crore equity shares. The IPO opened for subscription on December 26, 2025, and will close on December 30, 2025, with allotment expected to be finalised on December 31. The company is slated to make its debut on the NSE SME platform on January 2, 2026.

The price band for the issue has been fixed at Rs 164-Rs 174 per share. Investors can apply in lots of 800 shares. At the upper end of the band, retail investors are required to invest a minimum of Rs 2.78 lakh for two lots (1,600 shares), while high-net-worth individuals must bid for at least three lots (2,400 shares), translating to an investment of Rs 4.18 lakh.

Hem Securities Ltd is acting as the book-running lead manager to the issue, while MUFG Intime India Pvt Ltd has been appointed as the registrar. Hem Finlease Pvt Ltd will serve as the market maker.

Incorporated in 2010, E to E Transportation Infrastructure is an ISO 9001:2015-certified company that provides system integration and engineering solutions for the railway sector.

The company reported a 47% jump in revenue and a 36% rise in profit after tax in FY25 compared with the previous financial year.

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Last Updated:December 29, 2025, 14:39 IST

Policybazaar reports GST removal boosted average sum insured in India to Rs 19 lakh, with rising demand for higher health, term, motor, and travel insurance.

Health, Term, Motor Insurance See Strong Uptick in 2025 After GST Relief

The average sum insured in India increased from Rs 14.5 lakh to Rs 19 lakh after GST removal on the insurance premium, according to Policybazaar report ‘Decoding India’s Financial Behavior in 2025’.

Buyers are now opting for higher sum insured health policies post GST removal, with the demand rising 47 per cent for Rs 10-25 lakh covers and 85 per cent for Rs 25 lakh and above covers, the report added.

Buyers increasingly opted for longer protection periods, reflected in the higher selection of 4-year and 5-year health insurance policies. 4-year and 5-year tenures increased by 56 per cent and 62 per cent, respectively.

Similarly, policies with sum insured below Rs 10 lakh declined by 29 per cent year-on-year.

The GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising ministers from all states, on Wednesday had decided to exempt health and life insurance premiums from the levy of goods and services tax (GST), from September 22, 2025.

Term Insurance Demand Grows 37%

In term insurance, demand grew 37% in 2025, led by buyers aged 25–40 years. Rs 1 crore emerged as the most popular cover, while higher sums are gradually gaining ground. Salaried individuals dominated purchases, and while men accounted for 80% of buyers, women showed a stronger preference for critical illness riders—pointing to more need-based choices.

Premium On Motor Insurance Jumps 200%

Motor insurance reflected changing mobility trends. Electric vehicle insurance purchases grew nearly 2.5 times year-on-year, with premiums surging about 200%. Add-ons such as roadside assistance and zero depreciation are becoming standard, especially for new vehicles. Pay-as-you-drive policies also saw meaningful adoption among urban users, offering savings for low-mileage drivers.

Travel Insurance Becomes Must-Have

Travel insurance shifted from optional to essential. Policy issuance rose 15%, with travellers opting for higher covers, especially for the US and Canada. Senior citizens emerged as an important growth segment, accounting for 15% of insured travellers.

Millennials Are On Fore Front

On the investment front, millennials led participation, with under-35 investors now forming 25% of retirement product buyers. Longer tenures of 20 years or more are increasingly preferred, reflecting patience and long-term thinking.

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Mumbai: Shares of state-owned lender Punjab National Bank on Monday recovered after an earlier fall, after it reported a loan fraud of Rs 2,434 crore last week, allegedly committed by former promoters of SREI Equipment Finance Ltd (SEFL) and SREI Infrastructure Finance Ltd (SIFL). 

PNB’s shares had fallen as much as 3.1 per cent to Rs 116.6 apiece earlier in the day, but were trading at Rs 120.55, up 0.15 per cent at 11:44 am.

The PSU lender reported the loan fraud of Rs 2,434 crore to the Reserve Bank of India, alleging in a regulatory filing that the erstwhile promoters of SREI Equipment Finance Ltd and SREI Infrastructure Finance Ltd committed frauds of Rs 1,240.94 crore and Rs 1,193 crore, respectively.

The bank has made 100 per cent provisions against the entire outstanding amount, the filing added. The RBI, in October 2021, superseded the boards of SIFL and its wholly-owned subsidiary SEFL.

However, Srei group has challenged the forensic audit report as the basis for the fraud classification, noting the matter is subjudice.

Other banks such as Punjab &Sind Bank, Bank of Baroda, and Union Bank of India have also earlier declared a loan fraud in connection with Srei companies.

SEFL and SIFL, which carried combined financial debt of about Rs 32,700 crore, went through resolution under the Insolvency and Bankruptcy Code and were acquired by National Asset Reconstruction Company Ltd in December 2023.

The PSU’s shares showed robust performance across YTD, 1‑year, 3‑year and 5‑year horizons up 17.43 per cent, 18.84 per cent, 117.60 per cent and 263 per cent respectively, despite a decline of 3.17 per cent in one month.

PNB reported a 14 per cent rise in standalone net profit to Rs 4,904 crore for the September quarter of FY26 up from Rs 4,303 crore a year earlier.