CLN Energy IPO vs Malpani Pipes IPO

Comparison between CLN Energy IPO and Malpani Pipes IPO.

IPO Details

CLN Energy IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Malpani Pipes IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of CLN Energy IPO is up to ₹68.40 Cr whereas the issue size of the Malpani Pipes IPO is up to ₹24.61 Cr. The final issue price of CLN Energy IPO is ₹250.00 per share and of Malpani Pipes IPO is ₹90.00 per share.

 CLN Energy IPOMalpani Pipes IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹235.00 per share₹85.00 per share
Issue Price (Upper)₹250.00 per share₹90.00 per share
Issue Price (Final)₹250.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size27,36,000 shares27,34,400 shares
Fresh Issue Size (Amount)up to ₹68.40 Crup to ₹24.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,36,000 shares27,34,400 shares
Issue Size Total (Amount)up to ₹68.40 Crup to ₹24.61 Cr

IPO Timetable

CLN Energy IPO opens on Jan 23, 2025, while Malpani Pipes IPO opens on Jan 29, 2025. The closing date of CLN Energy IPO and Malpani Pipes IPO is Jan 27, 2025, and Jan 31, 2025, respectively.

 CLN Energy IPOMalpani Pipes IPO
Anchor Bid DateJan 22, 2025Jan 28, 2025
Issue OpenJan 23, 2025Jan 29, 2025
Issue CloseJan 27, 2025Jan 31, 2025
Basis Of Allotment (Tentative)Jan 28, 2025Feb 03, 2025
Initiation of Refunds (Tentative)Jan 29, 2025Feb 03, 2025
Credit of Share (Tentative)Jan 29, 2025Feb 03, 2025
Listing date (Tentative)Jan 30, 2025Feb 04, 2025
Anchor Lockin End date 1Feb 27, 2025Mar 04, 2025
Anchor Lockin End date 2Apr 28, 2025May 04, 2025

Financials & KPIs

CLN Energy IPO P/E ratio is 19.57, as compared to Malpani Pipes IPO P/E ratio of 2.42.

 CLN Energy IPOMalpani Pipes IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets119.73113.27109.6262.05
Total Income75.84132.86128.88121.70
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

Company Financials (Restated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets90.7661.3538.9421.30
Total Income84.55141.1682.5734.94
Profit After Tax5.097.402.080.89
NET Worth19.7314.775.833.76
Reserves and Surplus12.0412.423.901.83
Total Borrowing35.7430.2919.598.98
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)72.673.28
P/E Ratio19.572.42
Market Cap₹263.83 Cr.₹97.00 Cr.
ROE11571.52
ROCE91.5521.74
Debt/Equity2.04
EPS₹12.78₹37.17
RoNW73.1950.07

Shares Offered

In the CLN Energy IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Malpani Pipes IPO retail investors are offered 9,57,600 shares. Qualified Institutional Buyers (QIB) are offered 5,47,200 shares in CLN Energy IPO and 5,58,400 shares in Malpani Pipes IPO.

 CLN Energy IPOMalpani Pipes IPO
Anchor Investor Reservation8,20,800 shares8,00,000 shares
Market Maker Reservation1,56,000 shares1,45,600 shares
QIB5,47,200 shares5,58,400 shares
NII4,10,400 shares4,16,000 shares
RII9,57,600 shares9,60,000 shares
Employee0 shares0 shares
Others
Total27,36,000 shares27,34,400 shares

Bids Received (Subscription)

CLN Energy IPO subscribed 3.80x in total, whereas Malpani Pipes IPO subscribed 103.94x.

 CLN Energy IPOMalpani Pipes IPO
QIB (times)1.07x58.49x
NII (times)8.60x343.13x
Big NII (times)
Small NII (times)
RII (times)6.55x113.35x
Employee (times)
Other (times)
Total (times)3.80x103.94x

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