CLN Energy IPO Details
The key details of CLN Energy’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹72.30 Cr |
| Price Range | ₹235 - ₹250 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 600 |
| Investment (cut-off price) | ₹1,50,000 |
| Pre IPO Promotor Holding | 99.99% |
| Post IPO Promotor Holding | 72.54% |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
CLN Energy IPO Timelines
The IPO process for CLN Energy includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
23/01/2025
Start Date27/01/2025
End Date29/01/2025
Refund Initiation29/01/2025
Credit of Shares to Demat Ac30/01/2025
Listing DateCLN Energy IPO Lot Size
The CLN Energy IPO has a fixed lot size of 600 shares, at an upper price band of ₹250 per share, requiring ₹150,000 per lot for retail investors. For HNI investors, the minimum application is 1,200 shares (2 lots) amounting to ₹300,000.
| Application | 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 Subscription Status
The subscription status for CLN Energy IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 1.07x | 8.60x | 6.55x | -- | 5.42x |
IPO Performance on Listing Day
On the listing day (January 30, 2025), CLN Energy made a modest debut on the stock exchange. The stock opened at ₹256, registering a small premium of 2.4% over its issue price of ₹250. During the trading session, while the stock touched a high of ₹268.80, it later faced some selling pressure, testing a low of ₹252. The shares closed their first trading day at ₹252.05, securing a marginal gain of 0.8% over the issue price, suggesting a cautious market response to this energy sector player.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹256.00 | ₹252.05 | ₹268.80 | ₹252.00 |
CLN Energy IPO Company Financials
CLN Energy reports robust performance in FY2024 with Total Income of ₹132.71 crores, managing expenses at ₹120.62 crores, and achieving a strong PAT (Profit After Tax) of ₹9.79 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | ₹121.69 | ₹116.69 | ₹3.64 |
| FY 2023 | ₹128.82 | ₹121.28 | ₹0.73 |
| FY 2024 | ₹132.71 | ₹120.62 | ₹9.79 |
| FY 2025 (6 M) | ₹74.83 | ₹68.63 | ₹4.64 |
About Company
CLN Energy, founded on October 1, 2019, is focused on producing eco-friendly products aimed at reducing carbon emissions and promoting sustainability. The company manufactures customized lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs), including controllers, throttles, DC-DC converters, displays, and differentials. CLN Energy caters to both mobility applications, such as electric two, three, and four-wheelers, as well as stationary applications like solar energy storage systems (ESS) and telecommunications. Their products also include tailored lithium-ion battery packs for various uses. The company operates two state-of-the-art manufacturing facilities in Noida, Uttar Pradesh, and Pune, Maharashtra, covering a combined area of 63,000 sq. ft.
CLN Energy’s manufacturing operations have a substantial production capacity. The Noida and Pune facilities together can produce up to 168 MWh per year in cell grading, 358 MWh in cell sorting, and 130 MWh in overall battery manufacturing for two-wheelers. For other battery types, they maintain a separate capacity for grading, sorting, and testing. The Noida facility also includes a motor production line capable of manufacturing 60,000 motors annually. Equipped with advanced technology, these facilities are designed to support both mobility and stationary energy applications, contributing to the company’s commitment to sustainable energy solutions and the growing EV and renewable energy markets.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2019 | Engineering | Sunil Gandhi |
Know Before Investing
CLN Energy IPO Strengths
- The company maintains a robust return on equity (ROE) of 115.44%, indicating effective management and profitability.
- CLN Energy has a debt-to-equity ratio of 0, reflecting strong financial health and reduced risk associated with debt obligations.
- The company offers a wide range of energy solutions, catering to various sectors and enhancing market reach.
- With years of experience in the energy sector, CLN Energy has built a solid reputation and customer trust.
- Despite fluctuations, the company has demonstrated positive cash flow from operations, supporting ongoing business activities.
- The increasing focus on sustainable energy solutions positions CLN Energy favorably for future growth opportunities.
- CLN Energy invests in research and development to enhance its product offerings and remain competitive in the evolving energy market.
CLN Energy IPO Risks
- As a newly listed company, CLN Energy has a short operating history, making it difficult for investors to assess long-term performance.
- The energy sector is subject to fluctuations in market conditions, which can impact stock prices and investor returns.
- Compliance with various environmental and energy regulations is essential; any non-compliance could lead to legal penalties and operational disruptions.
- The renewable energy market is highly competitive, which may pressure profit margins and limit growth opportunities for CLN Energy.
- Delays or cost overruns in project execution could adversely affect profitability and investor returns.
- While currently having low debt levels, any future borrowing could impact financial stability if not managed properly.
- Changes in economic conditions can affect demand for energy solutions, impacting revenue stability.
Swot Analysis for CLN Energy IPO
Strengths
Strong positioning in renewable energy market, Established infrastructure, Growing customer base
Weaknesses
Dependence on third-party suppliers, High initial investment costs, Limited brand recognition
Opportunities
Increasing demand for clean energy solutions, Government support for renewables, Expansion into new markets
Threats
Intense competition from alternative energy providers, Regulatory changes, Economic fluctuations impacting funding
Company Details
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: https://www.clnenergy.in/
IPO Registar Details
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of CLN Energy IPO are:
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
Aryaman Financial Services Limited is the book-running lead managers for the CLN Energy IPO.