Bookbuilding IPO | ₹72 Cr | Listed at BSE SME | Thu, Jan 23, 2025 - Mon, Jan 27, 2025
CLN Energy IPO is a book build issue of ₹72.30 crores. The issue is entirely a fresh issue of 0.29 crore shares of ₹72.30 crore.
CLN Energy IPO bidding started from Jan 23, 2025 and ended on Jan 27, 2025. The allotment for CLN Energy IPO was finalized on Jan 28, 2025. The shares got listed on BSE SME on Jan 30, 2025.
CLN Energy IPO price band is set at ₹250 per share. The lot size for an application is 600. The minimum amount of investment required by an retail is ₹1,50,000 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹3,00,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to CLN Energy IPO RHP for detailed Information.
IPO Open
Thu, Jan 23, 2025
IPO Close
Mon, Jan 27, 2025
Issue Price
₹250 per share
Market Cap (Pre-IPO)
₹263.83 Cr
| IPO Date | 23 to 27 Jan, 2025 |
| Listed on | Thu, Jan 30, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹235 to ₹250 |
| Issue Price | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,92,000 shares (agg. up to ₹72 Cr) |
| Reserved for Market Maker | 1,56,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 27,36,000 shares (agg. up to ₹68 Cr) |
| Net Offered to Public | 27,36,000 shares (agg. up to ₹68 Cr) |
| Share Holding Pre Issue | 76,61,250 shares |
| Share Holding Post Issue | 1,05,53,250 shares |
| BSE Script Code | 544347 |
| ISIN | INE0WDX01010 |
CLN Energy IPO comprises a total issue size of 28,92,000 shares. The net offer to the public is 27,36,000 shares, after excluding 1,56,000 shares allotted on a firm basis. Of the Net offer 13,68,000 (50.00%) are allocated to QIB, 4,10,400 (15.00%) allocated to NII 9,57,600 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,68,000 | 50.00% | 47.30% |
| − Anchor Investor Shares Offered | 8,20,800 | 28.38% | |
| − QIB (Ex. Anchor) Shares Offered | 5,47,200 | 18.92% | |
| NII (HNI) Shares Offered | 4,10,400 | 15.00% | 14.19% |
| Retail Shares Offered | 9,57,600 | 35.00% | 33.11% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,56,000 | 5.39% | |
| Total Shares Offered | 28,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,50,000 |
| Retail (Max) | 1 | 600 | ₹1,50,000 |
| HNI (Min) | 2 | 1,200 | ₹3,00,000 |
CLN Energy IPO raises ₹20.52 crore from anchor investors. CLN Energy IPO Anchor bid date is January 22, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 22, 2025 |
| Shares Offered | 8,20,800 |
| Anchor Portion (₹ Cr.) | 20.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Feb 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Apr 28, 2025 |
Incorporated in 2019, CLN Energy Limited manufactures customized lithium-ion batteries and motors, and it deals in powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials.
The company offers B2B solutions for electric vehicles and stationary applications like solar, energy storage systems (ESS), and telecommunications.
The company manufactures a range of components for electric vehicles, including motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters.
The company sells Lithium-ion Battery Packs, motors and powertrain components under the “ CLN Energy” brand
The company has two manufacturing facilities, one in Noida and the second one in Pune, Maharashtra.
The manufacturing facilities are ISO certified has QMS 9001:2015, EMS 14001:2015 & OHSAS 45001:2018 certifications.
As of September 30, 2024, the company had 155 permanent employees and 286 employees on a contract basis.
Competitive Strengths
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 119.73 | 113.27 | 109.62 | 62.05 |
| Total Income | 75.84 | 132.86 | 128.88 | 121.70 |
| Profit After Tax | 4.64 | 9.79 | 0.73 | 3.64 |
| NET Worth | 18.01 | 13.37 | 3.58 | 2.86 |
| Reserves and Surplus | 10.35 | 9.97 | 2.45 | 1.72 |
| Total Borrowing | 6.78 | |||
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 9.71 |
| 2 | Funding Working capital requirements | 40.22 |
| 3 | General Corporate Purpose | 17.84 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 115% |
| ROCE | 91.55% |
| RoNW | 73.19% |
| PAT Margin | 7.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.78 | 9.28 |
| P/E (x) | 19.57 | 26.95 |
| Promoter Holding | 99.99% | 72.6% |
| Market Cap | ₹263.83 Cr. |
The CLN Energy IPO is subscribed 5.42 times on January 27, 2025 5:04:49 PM (Day 3). The public issue subscribed 6.55 times in the retail category, 1.07 times in the QIB category, and 8.6 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 1.07 | 5,47,200 | 5,87,400 | 3 |
| NII* | 8.6 | 4,10,400 | 35,29,200 | 282 |
| Retail | 6.55 | 9,57,600 | 62,72,400 | 5,966 |
| Total | 5.42 | 19,15,200 | 1,03,89,000 | 13,907 |
Total Application : 13,907
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 3.84 |
| 2 | Brokerage and Selling Commission | 0.25 |
| 3 | Printing & Stationery, Advertisement, Marketing Expenses, Distribution, Postage, etc. | 0.25 |
| 4 | Stock Exchange Fees, Regulatory and other Expenses | 0.19 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹256.00 |
| Low | ₹252.00 |
| High | ₹268.80 |
| Last Trade | ₹254.15 |
Lead Manager Reports
CLN Energy IPO is a SME IPO of 28,92,000 equity shares of the face value of ₹10 aggregating up to ₹72 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on Thu, Jan 23, 2025, and closes on Mon, Jan 27, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in CLN Energy IPO using UPI as a payment gateway. Zerodha customers can apply in CLN Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CLN Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CLN Energy IPO opens on Thu, Jan 23, 2025 and closes on Mon, Jan 27, 2025.
CLN Energy IPO lot size is 600, and the minimum amount required for application is ₹1,50,000.
You can apply in CLN Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for CLN Energy IPO will be done on Tuesday, January 28, 2025, and the allotted shares will be credited to your demat account by Wed, Jan 29, 2025. Check the CLN Energy IPO allotment status.
The CLN Energy IPO listing date is on Thu, Jan 30, 2025.
