The CLN Energy IPO opened on January 23, 2025, and will close on January 27, 2025. This is a Book Built Issue, through which the company aims to raise approximately ₹72.30 crores. The IPO consists of a fresh issue of ₹72.30 crores and an offer for sale of equity shares, each with a face value of ₹10.
The price band for the CLN Energy IPO is ₹235 to ₹250 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The IPO is expected to list on the BSE on January 30, 2025, with the allotment date set for January 28, 2025.
In terms of financial performance, the company reported a revenue of ₹132.86 crores in 2024, compared to ₹128.88 crores in 2023. It also posted a profit of ₹9.79 crores in 2024, a significant increase from ₹0.73 crores in 2023. Based on these financials, investors are encouraged to consider the IPO for long-term investment.
CLN Energy IPO Details
- IPO Opening Date: January 23, 2025
- IPO Closing Date: January 27, 2025
- Face Value: ₹10 per equity share
- Price Band: ₹235 to ₹250 per share
- Issue Size: Approximately ₹72.30 crores
- Fresh Issue: Approximately ₹72.30 crores
- Offer for Sale: Approximately [.] equity shares
- Issue Type: Book Built Issue
- IPO Listing: BSE SME
- Retail Quota: Up to 35%
- QIB Quota: Up to 50%
- NII Quota: Up to 15%
- DRHP Draft Prospectus: [Click Here]
- RHP Draft Prospectus: [Click Here]
- Anchor Investors List: [Click Here]
CLN Energy IPO Market Lot Details
The CLN Energy IPO offers a minimum market lot of 600 shares, with an application amount of ₹1,50,000.
| Application Type | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,50,000 |
| Retail Maximum | 1 | 600 | ₹1,50,000 |
| HNI Minimum | 2 | 1200 | ₹3,00,000 |
CLN Energy IPO Important Dates
The CLN Energy IPO will open on January 23 and close on January 27. The allotment will be finalized on January 28, with the IPO listing scheduled for January 30.
| Event | Date |
|---|---|
| IPO Open Date | January 23, 2025 |
| IPO Close Date | January 27, 2025 |
| Basis of Allotment | January 28, 2025 |
| Refunds | January 29, 2025 |
| Credit to Demat Account | January 29, 2025 |
| IPO Listing Date | January 30, 2025 |
Promoters of CLN Energy IPO
The promoters of CLN Energy IPO are CLN Energy Pte. Ltd. and Rajiv Seth.
About CLN Energy IPO
CLN Energy Limited is known for its innovative approach in manufacturing electric components and providing cutting-edge solutions for electric vehicles and stationary applications, such as energy storage systems (ESS) and telecommunications. Founded in 2019, CLN Energy specializes in the production of lithium-ion batteries and motors. In addition to these, the company also manufactures electric vehicles, DC converters, displays, and differentials.
With a dedicated R&D team, CLN Energy contributes 30% towards the development of technologically advanced and environmentally friendly components. The company is committed to delivering high-quality services both nationally and internationally, building trust and achieving outstanding results.
CLN Energy operates advanced manufacturing facilities in Noida (42,000 sqft) and Pune (20,000 sqft), with an annual production capacity exceeding 1 GWh of battery packs and 120,000 motors for L2, L3, and L5 vehicles.
CLN Energy IPO Company Financial Report
CLN Energy reported a revenue of ₹132.86 crores in 2024, up from ₹128.88 crores in 2023. The company’s profit increased significantly to ₹9.79 crores in 2024, compared to ₹0.73 crores in 2023.
| Period Ended | Revenue (₹ Crores) | Expense (₹ Crores) | Profit After Tax (₹ Crores) | Assets (₹ Crores) |
|---|---|---|---|---|
| 2022 | ₹121.70 | ₹116.69 | ₹3.64 | ₹62.05 |
| 2023 | ₹128.89 | ₹121.28 | ₹0.73 | ₹109.62 |
| 2024 | ₹132.86 | ₹120.62 | ₹9.79 | ₹113.27 |
| Sept 2024 | ₹75.84 | ₹68.63 | ₹4.64 | ₹119.73 |
CLN Energy IPO Valuation – FY2024
Here are the key valuation metrics for CLN Energy’s IPO:
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | 14.07% |
| PAT Margin | 7.38% |
| Debt to Equity Ratio | – |
| Earnings Per Share (EPS) | ₹12.78 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 73.19% |
| Net Asset Value (NAV) | ₹39.28 |
Peer Group Comparison
Here’s a comparison of CLN Energy with its industry peers:
| Company | EPS | P/E Ratio | RoNW (%) | NAV (₹) | Income (₹ Crores) |
|---|---|---|---|---|---|
| Eveready Industries India Limited | 9.18 | 41.57 | 17.26 | 53.21 | 1314.28 |
| Panasonic Energy India Co. Limited | 15.52 | 29.01 | 11.33 | 137.03 | 292.42 |
| High Energy Batteries (India) Limited | 19.14 | 31.94 | 19.56 | 97.84 | 77.73 |
| Indo National Limited | 12.83 | 42.87 | 6.20 | 314.91 | 640.60 |
Objects of the Issue
- Purchase of machinery and equipment
- Funding working capital requirements
- General corporate purposes
CLN Energy IPO Review
IPO Watch – May Apply
- Adroit Financial Services
- Canara Bank Securities
CLN Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: Bigshare IPO Status
IPO Lead Managers (Merchant Bankers)
- Aryaman Financial Services Limited
Company Address
CLN Energy Limited
Plot-18, Sector-140,
Phase-2, Nepz Post Office,
Gautam Buddha Nagar, Dadri, 201305
Phone: +91 75799 06940
Email: info@clnenergy.in
Website: CLN Energy
CLN Energy IPO FAQs
What is CLN Energy IPO?
CLN Energy IPO is a Mainboard IPO, where the company aims to raise ₹72.30 Crores. The price range is ₹235 to ₹250 per equity share, and the IPO will be listed on BSE.
When will the CLN Energy IPO open for subscription?
The IPO will open on January 23, 2025, for QIB, NII, and Retail investors, and will close on January 27, 2025.
What is the CLN Energy IPO Investors’ Portion?
- QIB: 50%
- NII: 15%
- Retail: 35%
How to Apply for the CLN Energy IPO?
You can apply for the CLN Energy IPO online via ASBA through your bank account or via UPI through your stockbroker. Offline applications can also be made by filling out the form through your stockbroker.
What is the CLN Energy IPO Issue Size?
The issue size of the CLN Energy IPO is ₹72.30 crores.
What is the CLN Energy IPO Price Band?
The price band for the CLN Energy IPO is ₹235 to ₹250 per share.
What is the CLN Energy IPO Lot Size?
The minimum bid is for 600 shares, amounting to ₹1,50,000.
What is the CLN Energy IPO Allotment Date?
The allotment date for the CLN Energy IPO is January 28, 2025.
What is the CLN Energy IPO Listing Date?
The IPO will be listed on BSE on January 30, 2025.
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