The CLN Energy IPO is a book-built issue amounting to ₹72.30 crores, consisting entirely of a fresh issue of 28.92 lakh shares.
The IPO will open for subscription on January 23, 2025, and close on January 27, 2025. Allotments are expected to be finalized by Tuesday, January 28, 2025. The listing of CLN Energy IPO on BSE SME is tentatively scheduled for Thursday, January 30, 2025.
The price band for the CLN Energy IPO is set between ₹235 and ₹250 per share. The minimum lot size for retail investors is 600 shares, with a minimum investment of ₹1,50,000. For high-net-worth individuals (HNIs), the minimum investment is ₹3,00,000, which covers 2 lots (1,200 shares).
Aryaman Financial Services Limited is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd serves as the registrar. Aryaman Capital Markets Limited will act as the market maker for the issue.
For detailed information, please refer to the CLN Energy IPO Red Herring Prospectus (RHP).
CLN Energy IPO Details
IPO Date | January 23, 2025 to January 27, 2025 |
Face Value | ₹10 per share |
Price Band | ₹235 to ₹250 per share |
Lot Size | 600 Shares |
Total Issue Size | 28,92,000 shares (aggregating up to ₹72.30 Cr) |
Fresh Issue | 28,92,000 shares (aggregating up to ₹ 72.30 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE SME |
Share Holding Pre Issue | 76,61,250 shares |
Share Holding Post Issue | 1,05,53,250 shares |
Market Maker Portion | 1,56,000 shares |
CLN Energy IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35.00% of the Net Issue |
NII (HNI) Shares Offered | Not Less than 15% of the Net Issue |
CLN Energy IPO Timeline
The CLN Energy IPO will open on January 23, 2025, and close on January 27, 2025.
IPO Open Date | Thursday, January 23, 2025 |
IPO Close Date | Monday, January 27, 2025 |
Basis of Allotment | Tuesday, January 28, 2025 |
Initiation of Refunds | Wednesday, January 29, 2025 |
Credit of Shares to Demat | Wednesday, January 29, 2025 |
Listing Date | Thursday, January 30, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on January 27, 2025 |
CLN Energy IPO Lot Size
Investors can place bids for a minimum of 600 shares, with additional shares in multiples of 600. The table below outlines the minimum and maximum investments for retail investors and HNIs, both 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 |
CLN Energy IPO Promoter Holding
The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.
Share Holding Pre Issue | 99.99% |
Share Holding Post Issue | 72.54% |
About CLN Energy Limited
Incorporated in 2019, CLN Energy Limited specializes in the manufacturing of customized lithium-ion batteries and motors. The company also deals in powertrain components for electric vehicles, such as controllers, throttles, DC-DC converters, displays, and differentials.
CLN Energy provides B2B solutions for electric vehicles as well as stationary applications, including solar power systems, energy storage systems (ESS), and telecommunications.
The company manufactures a wide range of components for electric vehicles, including motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters. These products are sold under the “CLN Energy” brand.
CLN Energy operates two ISO-certified manufacturing facilities—one in Noida and the other in Pune, Maharashtra. These facilities hold certifications in QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018.
As of September 30, 2024, the company employed 155 permanent employees and 286 contract-based employees.
Competitive Strengths:
- Consistent financial performance track record
- Advanced manufacturing facilities in Noida and Pune
- Skilled and experienced professional team
- Strong, long-term relationships with customers
- Dedicated in-house Research and Development team
- Ability to provide customized products and critical business solutions
CLN Energy IPO FAQs
What is the CLN Energy IPO?
The CLN Energy IPO is a public offering of shares by CLN Energy Limited, offering a fresh issue of 28.92 lakh shares, amounting to Rs 72.30 crores. The IPO will be listed on the BSE SME platform.
What is the price band for the CLN Energy IPO?
The price band for the CLN Energy IPO is set between ₹235 and ₹250 per share.
When does the CLN Energy IPO open and close?
The CLN Energy IPO opens for subscription on January 23, 2025, and closes on January 27, 2025.
What is the minimum investment required for retail investors?
The minimum application size for retail investors is 600 shares, which requires an investment of ₹1,50,000.
How can I apply for the CLN Energy IPO?
Investors can apply for the CLN Energy IPO through various platforms, including online applications via stockbrokers or using the ASBA (Application Supported by Blocked Amount) facility available through banks.
When will the IPO allotment be finalized?
The allotment for the CLN Energy IPO is expected to be finalized on January 28, 2025.
When will the shares of CLN Energy be listed?
The shares of CLN Energy are expected to be listed on BSE SME on January 30, 2025.
Who are the lead manager and registrar for the CLN Energy IPO?
Aryaman Financial Services Limited is the book-running lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar.
Where can I find more information about the CLN Energy IPO?
For detailed information, you can refer to the CLN Energy IPO Red Herring Prospectus (RHP).