CLN Energy
CLOSEDIPO Date: 23 Jan - 27 Jan 2025
Listing Date: 30 Jan 2025
Price Range
₹235 – ₹250
Issue Size
72 Cr
Min Investment
₹1,41,000
Lot Size
600 Shares
Schedule of CLN Energy
Issue open date
23 Jan 2025
Issue close date
27 Jan 2025
UPI mandate deadline
27 Jan 2025 (5 PM)
Allotment finalization
28 Jan 2025
Share credit
29 Jan 2025
Listing date
30 Jan 2025
Mandate end date
11 Feb 2025
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 72 Cr |
| Fresh Issue | 72.3 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 28 Jan 2025 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 30 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 29 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 28 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 27 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 25 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 24 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
| 23 Jan 2025 | ₹250 | ₹0 | ₹250 (0%) |
Performance CLN Energy
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹235 – ₹250 | ₹ 256 (1.66%) | ₹ 276 | 10.40% |
About CLN Energy
CLN Energy Limited, established in 2019, is a leading manufacturer of customized Lithium-ion Batteries, motors, and powertrain components, dedicated to reducing carbon emissions and promoting sustainability. The company provides B2B solutions for a wide range of applications, including electric two, three, and four-wheelers, as well as stationary applications like solar, energy storage systems, and telecommunications. CLN Energy offers unique and customized battery packs for various applications and sells its products under the CLN ENERGY brand, catering to the growing demand for electric vehicles and sustainable energy solutions.
| Founded in | 2019 |
| Managing director | Mr. Rajiv Seth |
| Parent organization | CLN Energy Ltd |
Financial Overview
Strengths
- State of Art manufacturing facilities
- Well educated and experienced team of Professionals
- Long-term relation with our customers
- In-house Research and Development team
- Providing critical business solution and manufacturing customised products
- Consistent track record of financial performance
Risks
- Revenue relies heavily on sales of batteries, cells, motors, and controllers.
- Risk of future cash flow losses, consistent with past trends.
- Dependence on a few suppliers increases the vulnerability to supply chain disruptions.
- Success depends on ongoing advancements in technology, processes, and products.
- Safeguarding technical knowledge is vital to preserving the competitive edge.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.07 |
| Non-Institutional Investors (NIIs) | 8.6 |
| Retail Individual Investors (RIIs) | 6.55 |
| Employee | N/A |
| Total | 5.42 |