CLN Energy IPO
- IPO Date23 Jan, 2025 to 27 Jan, 2025
- Listing Date30 Jan, 2025
- Face Value₹10 per share
- Issue Price₹235 to ₹250 per share
- Lot Size600 Shares
- Minimum Investment₹1,50,000
- Listing AtBSE SME
- Total Issue Size28,92,000 Shares
(aggregating up to ₹72.30 Cr) - Fresh Issue28,92,000 Shares
(aggregating up to ₹72.30 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue76,61,250
- Shareholding post issue1,05,53,250
IPO Dates
Closing Date
27 Jan, 2025
Initiation of Refunds
29 Jan, 2025
Listing Date
30 Jan, 2025
23 Jan, 2025
Opening Date
28 Jan, 2025
Basis of Allotment
29 Jan, 2025
Credit of Shares
CLN Energy Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,50,000 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 600 | ₹1,50,000 |
| S-HNI (Min) | 2 | 1200 | ₹3,00,000 |
| S-HNI (Max) | - | - | - |
CLN Energy Promoter Holding
The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.99% | 72.54% |
CLN Energy COMPANY INFORMATION
CLN Energy IPO is a book built issue of Rs 72.30 crores. The issue is entirely a fresh issue of 28.92 lakh shares. CLN Energy IPO opens for subscription on January 23, 2025 and closes on January 27, 2025. The allotment for the CLN Energy IPO is expected to be finalized on Tuesday, January 28, 2025. CLN Energy IPO will list on BSE SME with tentative listing date fixed as Thursday, January 30, 2025. CLN Energy IPO price band is set at ₹235 to ₹250 per share. The minimum lot size for an application is 600. The minimum amount of investment required by retail investors is ₹1,50,000. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹3,00,000. Aryaman Financial Services Limited is the book running lead manager of the CLN Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for CLN Energy IPO is Aryaman Capital Markets Limited.
Incorporated in 2019, CLN Energy 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
- State of art manufacturing facilities at Pune and Noida
- Well well-educated and experienced team of Professionals
- Long-term relation with our customers
- In-house Research and Development team
- Providing critical business solutions and manufacturing customised products
- Consistent track record of financial performance.
CLN Energy IPO
IPO Overview and Key Highlights
CLN Energy, headquartered in Uttar Pradesh, is set to launch its Initial Public Offering (IPO). The IPO includes a fresh issue of up to 28,92,000 equity shares, each with a face value of ₹10. This 100% book-built issue aims to raise funds for working capital, operational expansion, and general corporate purposes. Shares will be listed on the SME Platform of BSE.
Key IPO Details
- Type of Issue: Book Built Issue
- Total Issue Size: 28,92,000 equity shares
- Face Value: ₹10 per share
- Offer Price: To be determined
- Offer Opens: January 23, 2025
- Offer Closes: January 27, 2025
- Listing Exchange: SME Platform of BSE
Company Overview
Incorporated in 2019, CLN Energy focuses on the energy sector with a portfolio encompassing energy generation and distribution projects. Promoters CLN Energy Pte. Ltd. and Rajiv Seth bring deep industry expertise and a commitment to driving sustainable energy solutions.
Financial Overview
The company has showcased steady growth in its financials, driven by the rising demand for energy infrastructure. The IPO proceeds will be utilized for expanding capacity, improving operational efficiency, and addressing working capital requirements.
Key Strengths of CLN Energy
- Sustainability Focus: Specializes in environmentally friendly energy solutions.
- Experienced Promoters: Promoters with a proven track record in the energy sector.
- Strong Market Potential: Positioned to benefit from increasing demand for renewable energy.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing investments in renewable energy infrastructure.
- Proceeds Utilization: Funds to support operational scale-up and market penetration.
- Established Reputation: Recognized for delivering reliable energy solutions.
Cons
- Market Dependency: Revenue linked to energy sector trends and regulations.
- Competitive Landscape: Faces competition from established players in the energy market.
- Regulatory Challenges: Adherence to energy and environmental compliance standard.
Risk Factors
Potential investors should evaluate the following risks:
- Economic Sensitivity: Revenue tied to infrastructure and energy demand.
- Operational Challenges: Scaling up operations while maintaining efficiency.
- Regulatory Compliance: Adherence to evolving energy regulations and standards.
Conclusion
The CLN Energy IPO offers an opportunity to invest in a growing player in the renewable energy sector. With a strong commitment to sustainability and experienced promoters, CLN Energy is well-positioned to capitalize on the rising demand for clean energy solutions. However, investors must carefully assess risks related to market dependency, competition, and regulatory compliance before making an investment decision.
FAQs About Cln Energy Ipo
CLN Energy IPO will open on 23 Jan, 2025 and close on 27 Jan, 2025. Investors must apply within this period to participate.
The CLN Energy IPO price band is set between ₹235.00 and ₹250.00 per share. The minimum lot size is 600, requiring an investment of at least ₹150000.00.
The CLN Energy IPO shares are expected to be listed on 30 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your CLN Energy IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The CLN Energy IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.