CLN Energy Limited IPO Details
SME
CLN Energy IPO opens for subscription on 23 Jan 2025 and closes on 27 Jan 2025. The IPO will be listed on BSE with the tentative listing date set for 30 Jan 2025.
CLN Energy IPO price band has been fixed at ₹235 – ₹250 per share.The face value is ₹10 per share with a lot size of 600.
CLN Energy IPO total issue size comprises 28,92,000 shares (aggregating up to ₹72.30 Cr). This includes a fresh issue of 28,92,000 shares (aggregating up to ₹ 72.30 Cr). Pre-issue shareholding stands at 76,61,250, which will increase to 1,05,53,250 post-issue.
CLN Energy IPO Lot Size : Retain Minimum is 1 lot (600 shares) amounting to ₹150,000. Retain Maximum is 1 lot (600 shares) amounting to ₹150,000. SHNI Minimum is 2 lots (1,200 shares) amounting to ₹300,000.
The Lead Managers for CLN Energy IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Aryaman Financial Services Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Aryaman Capital Markets. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the CLN Energy Limited RHP.
CLN Energy IPO Details
CLN Energy IPO Subscription
CLN Energy IPO Application Wise Breakup
CLN Energy IPO Dates
- 23 Jan 2025Opening dateOPD
- 27 Jan 2025Closing dateCOD
- 28 Jan 2025Allotment Date BOA
- 29 Jan 2025Initiation of RefundsIOR
- 29 Jan 2025Credit of SharesCOS
- 30 Jan 2025Listing dateLID
CLN Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 600 | ₹150,000 |
| Retain Maximum | 1 | 600 | ₹150,000 |
| SHNI Minimum | 2 | 1200 | ₹300,000 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
CLN Energy IPO Reservation
Promoter Holding
CLN Energy IPO Valuations
CLN Energy Financial Information
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 113.27 | 109.62 | 62.05 | |||||||||||||||||||||||||||
| Revenue | 132.86 | 128.88 | 121.7 | |||||||||||||||||||||||||||
| Profit After Tax | 9.79 | 0.73 | 3.64 | |||||||||||||||||||||||||||
| Net Worth | 13.37 | 3.58 | 2.86 | |||||||||||||||||||||||||||
| Reserves and Surplus | 9.97 | 2.45 | 1.72 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
About CLN Energy IPO
Incorporated in 2019, CLN Energy Limited 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 March 31, 2024, the company had 123 permanent employees and 133 off-roll employees.
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.
Strength Of CLN Energy IPO
1. State of Art manufacturing facilities.
2. Well educated and experienced team of Professionals.
3. Long-term relation with our customers.
4. In-house Research and Development team.
5. Providing critical business solution and manufacturing customised products.
6. Consistent track record of financial performance.
Risk Of CLN Energy IPO
1. Our Company, Group Companies, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
2. We derive a significant portion of our revenue from the sale of batteries, cells and motor and controller and any reduction in demand or in the manufacturing of such products could have an adverse effect on our business, results of operations and financial condition.
3. We have not entered into any agreement with the suppliers of machinery and equipment as specified in the objects of the Issue. Further the amount allocated for purchases of machinery and equipment are based on the quotation received from suppliers.
4. We have reported negative net cash flows in the past and may do so in the future.
5. We are dependent on a few suppliers for supply of raw materials and any major disruption to the timely and adequate supplies of our raw materials could adversely affect our business, results of operations and financial condition.
6. Our business of manufacturing and supply of lithium-ion batteries, motors and powertrain components, and services required by electric vehicle industry, commercial and industrial application, solar industry, telecom industry etc is significantly dependent on the technology, process and product development of our products.
7. Our Company has in the past experienced a major fire at our Manufacturing Facility cum Registered Office which resulted in major losses for our Company. Hence our past performance may not be comparable with our future performance.
8. Our company is significantly dependent on few customers for our revenue in a particular financial year. The loss of any one or more of such customers may have a material effect on our business operations and profitability.
9. Trade Receivables, Inventories and other current assets form a substantial part of our Total Assets. Failure to manage our trade receivables and inventories could have an adverse effect on our net sales, profitability, cash flow and liquidity.
10. In addition to normal remuneration our Key Management Personnel (including our promoters) are interested in our Company to the extent of their shareholding and dividend entitlement in our Company. Further we have entered in related party transaction with them.
Objectives CLN Energy IPO
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
Company Contact 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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports