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CLN Energy IPO vs Ken Enterprises IPO

Comparison between CLN Energy IPO and Ken Enterprises IPO.

IPO Details

CLN Energy IPO is a SME Fixed Price IPO proposed to list at BSE SME while Ken Enterprises IPO is a SME Fixed Price proposed to list at NSE SME.

 CLN Energy IPOKen Enterprises IPO
LogoCLN Energy IPO LogoKen Enterprises IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Corporate Makers Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of CLN Energy IPO is up to ₹68.40 Cr whereas the issue size of the Ken Enterprises IPO is up to ₹79.47 Cr. The final issue price of CLN Energy IPO is ₹250.00 per share and of Ken Enterprises IPO is ₹94.00 per share.

 CLN Energy IPOKen Enterprises IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹235.00 per share
Issue Price (Upper)₹250.00 per share
Issue Price (Final)₹250.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1200 shares
Fresh Issue Size27,36,000 shares57,54,000 shares
Fresh Issue Size (Amount)up to ₹68.40 Crup to ₹54.09 Cr
OFS Issue Size0 shares27,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹25.38 Cr
Issue Size Total27,36,000 shares84,54,000 shares
Issue Size Total (Amount)up to ₹68.40 Crup to ₹79.47 Cr

IPO Timetable

CLN Energy IPO opens on Jan 23, 2025, while Ken Enterprises IPO opens on Feb 05, 2025. The closing date of CLN Energy IPO and Ken Enterprises IPO is Jan 27, 2025, and Feb 07, 2025, respectively.

 CLN Energy IPOKen Enterprises IPO
Anchor Bid DateJan 22, 2025
Issue OpenJan 23, 2025Feb 05, 2025
Issue CloseJan 27, 2025Feb 07, 2025
Basis Of Allotment (Tentative)Jan 28, 2025Feb 10, 2025
Initiation of Refunds (Tentative)Jan 29, 2025Feb 11, 2025
Credit of Share (Tentative)Jan 29, 2025Feb 11, 2025
Listing date (Tentative)Jan 30, 2025Feb 12, 2025
Anchor Lockin End date 1Feb 27, 2025
Anchor Lockin End date 2Apr 28, 2025

Financials & KPIs

CLN Energy IPO P/E ratio is 19.57, as compared to Ken Enterprises IPO P/E ratio of 19.34.

 CLN Energy IPOKen Enterprises IPO
Financials

CLN Energy Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets119.73113.27109.6262.05
Total Income75.84132.86128.88121.7
Profit After Tax4.649.790.733.64
Net Worth18.0113.373.582.86
Reserves and Surplus10.359.972.451.72
Total Borrowing6.78
Amount in ₹ Crore

Ken Enterprises Limited Financial Information (Restated Consolidated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets266.3242.15195.16187.26
Total Income332.85409.13375.23360.32
Profit After Tax9.538.933.952.36
Net Worth54.3844.8535.9331.98
Reserves and Surplus36.0142.2733.3429.39
Total Borrowing43.1447.8449.4541.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9981.21
Promoter Shareholding (Post-Issue)72.6049.72
P/E Ratio19.5719.34
Market Cap₹263.83 Cr.₹230.92 Cr.
ROE115%19.90%
ROCE91.55%51.52%
Debt/Equity0.09
EPS₹12.78₹4.86
RoNW73.19%19.90%

Shares Offered

In the CLN Energy IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Ken Enterprises IPO retail investors are offered 9,57,600 shares. Qualified Institutional Buyers (QIB) are offered 5,47,200 shares in CLN Energy IPO and 0 shares in Ken Enterprises IPO.

 CLN Energy IPOKen Enterprises IPO
Anchor Investor Reserveration8,20,800 shares0 shares
Market Maker Reserveration1,56,000 shares4,45,200 shares
QIB5,47,200 shares0 shares
NII4,10,400 shares17,23,200 shares
RII9,57,600 shares67,30,800 shares
Employee0 shares0 shares
Others
Total27,36,000 shares84,54,000 shares

Bids Received (Subscription)

CLN Energy IPO subscribed 5.42x in total, whereas Ken Enterprises IPO subscribed 4.36x.

 CLN Energy IPOKen Enterprises IPO
QIB (times)1.07x
NII (times)8.60x1.75x
Big NII (times)
Small NII (times)
RII (times)6.55x6.86x
Employee (times)
Other (times)
Total (times)5.42x4.36x