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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 ₹250.00 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 investment for 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 Date | January 23, 2025 to January 27, 2025 |
| Listing Date | January 30, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹235 to ₹250 per share |
| Issue Price Final | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 28,92,000 shares (aggregating up to ₹72.30 Cr) |
| Reserved for Market Maker | 1,56,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹3.90 Cr) |
| Net Offered to Public | 27,36,000 shares (aggregating up to ₹68.40 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 76,61,250 shares |
| Share Holding Post Issue | 1,05,53,250 shares |
CLN Energy IPO offers total 28,92,000 shares. Out of which 13,68,000 (47.30%) allocated to QIB, 5,47,200 (18.92%) allocated to QIB (Ex- Anchor), 4,10,400 (14.19%) allocated to NII, 9,57,600 (33.11%) allocated to RII and 8,20,800 (28.38%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,56,000 (5.39%) |
| QIB Shares Offered | 13,68,000 (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 (14.19%) |
| Retail Shares Offered | 9,57,600 (33.11%) |
| Total Shares Offered | 28,92,000 (100.00%) |
CLN Energy IPO raises ₹20.52 crore from anchor investors. CLN Energy IPO Anchor bid date is January 22, 2025. CLN Energy IPO Anchor Investors list
| Bid Date | January 22, 2025 |
| Shares Offered | 8,20,800 |
| Anchor Portion Size (In Cr.) | 20.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 27, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 28, 2025 |
CLN Energy IPO opens on January 23, 2025, and closes on January 27, 2025.
| IPO Open Date | Thu, Jan 23, 2025 |
| IPO Close Date | Mon, Jan 27, 2025 |
| Tentative Allotment | Tue, Jan 28, 2025 |
| Initiation of Refunds | Wed, Jan 29, 2025 |
| Credit of Shares to Demat | Wed, Jan 29, 2025 |
| Tentative Listing Date | Thu, Jan 30, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 27, 2025 |
Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 121.7 |
| 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 market capitalization of CLN Energy IPO is ₹263.83 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 115% |
| ROCE | 91.55% |
| RoNW | 73.19% |
| PAT Margin | 7.38% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 12.78 | 9.28 |
| P/E (x) | 19.57 | 26.95 |
The details of the utilisation of Net Proceeds of the Issue are as follows
[Dilip Davda] CEL is engaged in the manufacturing and marketing of power related products that are sold on B2B models. It also provides powertrain components for 2-3-4 wheeler EVS industry and markets it under own brand called” CLN Energy”. It posted decline in bottom lines for FY23 following exception provisions on account of fire incident. Super Earnings post FY24 raises eyebrows and sustainability over its sustainability. Based on recent earnings, the issue appears fully priced. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | January 30, 2025 |
| BSE Script Code | 544347 |
| NSE Symbol | |
| ISIN | INE0WDX01010 |
| Final Issue Price | ₹250 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹256.00 |
| Low | ₹252.00 |
| High | ₹268.80 |
| Last Trade | ₹254.15 |
CLN Energy Ltd.
Plot-18, Sector-140,
Phase-2, Nepz Post Office, Gautam Buddha Nagar
Dadri, 201305
Dadri, Uttar Pradesh
Phone: +91 75799 06940
Email: info@clnenergy.in
Website: https://www.clnenergy.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
CLN Energy IPO is a SME IPO of 28,92,000 equity shares of the face value of ₹10 aggregating up to ₹72.30 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on January 23, 2025, and closes on January 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 January 23, 2025 and closes on January 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 Wednesday, January 29, 2025. Check the CLN Energy IPO allotment status.
The CLN Energy IPO listing date is on Thursday, January 30, 2025.
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