CLN Energy IPO

CLN Energy IPO Details

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 DateJanuary 23, 2025 to January 27, 2025
Face Value₹10 per share
Price Band₹235 to ₹250 per share
Lot Size600 Shares
Total Issue Size28,92,000 shares
(aggregating up to ₹72.30 Cr)
Fresh Issue28,92,000 shares
(aggregating up to ₹ 72.30 Cr)
Issue TypeBook Built Issue IPO
Listing AtBSE SME
Share Holding Pre Issue76,61,250 shares
Share Holding Post Issue1,05,53,250 shares
Market Maker Portion1,56,000 shares

CLN Energy IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Net Issue
Retail Shares OfferedNot less than 35.00% of the Net Issue
NII (HNI) Shares OfferedNot 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 DateThursday, January 23, 2025
IPO Close DateMonday, January 27, 2025
Basis of AllotmentTuesday, January 28, 2025
Initiation of RefundsWednesday, January 29, 2025
Credit of Shares to DematWednesday, January 29, 2025
Listing DateThursday, January 30, 2025
Cut-off time for UPI mandate confirmation5 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.

ApplicationLotsSharesAmount
Retail (Min)1600₹1,50,000
Retail (Max)1600₹1,50,000
HNI (Min)21,200₹3,00,000

CLN Energy IPO Promoter Holding

The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.

Share Holding Pre Issue99.99%
Share Holding Post Issue72.54%

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).

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