January 22, 2025
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Subscription status of Cln Energy IPO
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Cln Energy IPO Price Rs. 250 Lot 600 shares, Rs. ? Crore |
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| QIB | NII x | RII x | Total x | Applications |
| Amount wise bids recd. Rs. ? Crore | ||||
| Note: | ||||
What is the business of Cln Energy?
CLN Energy Limited, established in 2019, specializes in the production of custom lithium-ion batteries and motors. The company also manufactures powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials.
CLN Energy provides B2B solutions tailored for electric vehicles and stationary applications such as solar energy systems, energy storage solutions (ESS), and telecommunications.
The company’s product portfolio includes a variety of electric vehicle components, such as motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters. These products are sold under the “CLN Energy” brand.
With two ISO-certified manufacturing facilities located in Noida and Pune, Maharashtra, CLN Energy adheres to strict quality and environmental standards, holding certifications for QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018.
As of March 31, 2024, the company employed 123 permanent staff and 133 off-roll employees
Get more information about the company @ https://www.clnenergy.in/
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Cln Energy IPO Details |
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| IPO opens on | 23 January 2025 |
| IPO closes on | 217January 2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2892000 Shares / Rs 72.30 Crore |
| * Fresh Issue | 2892000 Shares / Rs 72.30 Crore |
| * Offer for Sale – | – shares / Rs. – crore |
| Market Maker Portion | 156000 Shares |
| Net offer to Public | 2736000 Shares/ Rs.68.40 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 235-250 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 600 Shares |
| Listing will at | BSE SME |
Shares offered in IPO |
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| Shares | Rs. (Crore) | |
| QIB (50%) | 1368000 | 34.20 |
| HNI (15%) | 410400 | 10.26 |
| RII (35%) | 957600 | 23.94 |
| Total Shares | 2736000 | 68.40 |
| Retail portion will be oversubscribed by |
1596 | |
| Forms | ||
| How much Shares to Apply in this IPO? | ||
| Min Retail Application | 600 Shares | Rs.150000 |
| Min HNI Application | 1200 Shares | Rs. 300000 |
Who are the Promoters of Cln Energy?
The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.
What are the Objects of Cln Energy IPO?
The Offer comprises of fresh issue of shares.
The Company proposes to raise funds to accomplish the following objects:
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
Tentative timetable |
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| IPO opens on | 23 January 2024 |
| IPO Closes on | 27 January 2025 |
| IPO Allotment on | 28 January 2025 |
| Refund Initiation | 29 January 2025 |
| Credit of Shares | 29 January 2025 |
| Listing on | 30 January 2025 |
| Registered Office of the Company CLN Energy Limited Plot-18, Sector-140, Phase-2, Nepz Post Office, Gautam Buddha Nagar Dadri, 201305 |
| Who is the Lead Manager of this IPO? Aryaman Financial Services Ltd |
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Who is the Registrar to IPO? |
Cln Energy IPO GMP grey market premium, review, Subscription, allotment, listing estimate
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Cln Energy IPO Financial & Analytical Ratios |
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| Year | Total Income |
Net Profit |
EPS | RoNW |
| Rs.in Crore | Rs.in Crore | Rs. | % | |
| 2021-22 | 121.70 | 3.64 | – | – |
| 2022-23 | 128.88 | 0.73 | – | – |
| 2023-24 | 132.86 | 9.79 | 12.78 | 73.19 |
| Book Value of the Share on 31.03.2024 |
– | |||
| BV of the Share at cap price after IPO |
Rs. | – | ||
| Offer Price/upper band | Rs. | 250 | ||
Key Performance
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| Price/EPS of 23-24 | 19.56 |
| Price/BV Ratio | 6.41 |
| Debt/Equity Ratio | – |
How Cln Energy IPO compares with the Peers?
| As per RHP | FV | PE | P/BV |
| Ratio | Ratio | ||
| Cln Energy | 10 | 19.56 | 6.41 |
| Eveready Industries | 42.78 | 6.30 | |
| Panasonic Energy | 35.82 | 2.98 | |
| High Energy | 40.79 | 6.20 | |
| Indo National | 44.23 | 1.81 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Cln Energy IPO Review by Paresh Gordhandas, CA & Research Analyst.
CLN Energy Limited, established in 2019, specializes in the production of custom lithium-ion batteries and motors. The company also manufactures powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials.
CLN Energy provides B2B solutions tailored for electric vehicles and stationary applications such as solar energy systems, energy storage solutions (ESS), and telecommunications.
Presently, the company operates two manufacturing facilities, one located in Noida, Uttar Pradesh, and the other in Pune, Maharashtra. The facilities in Noida and Pune span 42,000 sq. ft and 21,000 sq. ft, respectively, and are equipped with the latest technology. It manufactures lithium-ion battery packs for both mobility and stationary applications. Its current installed manufacturing setup has a Cell Grading Capacity of 168 MWH per annum, Cell Sorting capacity of 358 MWH per annum, manufacturing capacity of 130 MWH per annum, and Battery testing capacity of 72 MWH per annum for two-wheeler batteries, which is the combined capacity of both Noida and Pune facilities. For batteries other than two wheelers, its facility has a Cell Grading Capacity of 41 MWH per annum, Cell Sorting capacity of 110 MWH per annum, manufacturing capacity of 115 MWH per annum, and Battery testing capacity of 41 MWH per annum. Additionally, its Noida facility has an installed capacity of 60,000 motors per annum.
Its product has multiple certificates for performance and safety like AIS048, AIS156 for L2 (Two-Wheeler), L3 (e Rickshaw) and L5 (Three-Wheeler) application, IEC62133, IEC62619, QM333 for energy storage application, IS16047 for Solar Lighting application and AIS041 for electric motor. It has received QF103 from TSEC, Department of Telecom, Government of India for telecom lithium-ion batteries.
Out of the total income, 73.69 % comes from E-mobility and 67.51% comes from manufacturing. 15.33% of the total income comes from trading activity and the balance comes from Service activities.
The shares are offered at reasonable valuation compared to its profitability. Huge oversubscription is anticipated.
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