CLN Energy Limited (BSE SME)

Jan 23, 2025 - Jan 27, 2025

Price ₹235 - ₹250
Premium ₹0
Lot size 600
Allotment Jan 28, 2025
Listing Jan 30, 2025
Category Lot(s) Qty Amount Reserved
Retail 1 600 150000 1596
HNI 2 1200 300000 684

Last updated on 27-Jan-2025 17:07:01

CategoryOfferedAppliedTimes
QIBs5472005874001.07
HNIs41040036852008.98
Retail95760062724006.55
Total1915200105450005.51
Total Applications: 13914
QIB Interest Cost Per Share (7 Days)
@7%
₹0.4		@8%
₹0.4		@9%
₹0.5		@10%
₹0.5		@11%
₹0.6		@12%
₹0.6
HNI Interest Cost Per Share (7 Days)
@7%
₹3		@8%
₹3.4		@9%
₹3.9		@10%
₹4.3		@11%
₹4.7		@12%
₹5.2
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.11%957600
NII (HNI)14.19%410400
Anchor28.38%820800
QIB18.92%547200
Market Maker5.39%156000
Total 100.00%2892000

    CLN Energy IPO Details

    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
    Market MakerAryaman Capital

    Key Performance Indicator

    KPISep-24Mar-24Mar-23
    ROE29.55%115.44%22.63%
    ROCE40.06%91.55%25.21%
    RONW25.74%73.19%20.33%
    EPS
    (basic)    		6.0512.780.95
    P/E Pre IPO19.57
    P/E Post IPO26.95

    Company Financials In Crores

    Period EndedSep-24Mar-24Mar-23Mar-22
    Assets12011311062
    Revenue76133129122
    Profit After Tax51014
    Net Worth181343
    Reserves and Surplus101022
    Total Borrowing7

    About Company

    Incorporated in 2019, CLN Energy Limited specializes in manufacturing customized lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs) under the "CLN Energy" brand. The company's product portfolio includes motors, controllers, battery management systems (BMS), throttle bodies, DC-DC converters, displays, and differentials, catering to both B2B solutions for EVs and stationary applications such as solar energy systems, energy storage systems (ESS), and telecommunications. With two ISO-certified manufacturing facilities in Noida and Pune, Maharashtra, adhering to QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018 standards, CLN Energy ensures high-quality production and operational excellence. As of September 30, 2024, the company employed 155 permanent staff and 286 contract workers, reflecting its robust workforce and commitment to driving innovation in the EV sector.
    Lead Manager(s)

    Aryaman Financial Services Limited 

    Strength

    State-of-the-Art Manufacturing Facilities: Advanced, ISO-certified production units in Pune and Noida ensure high-quality and efficient manufacturing.

    Skilled and Experienced Workforce: A team of well-educated professionals drives innovation and operational excellence.

    Strong Customer Relationships: Long-term partnerships built on trust and reliable solutions.

    Weakness

    Legal Proceedings: Ongoing legal cases involving the company, group entities, promoters, and directors could materially impact business operations and financial health if outcomes are unfavorable.

    Revenue Dependency: Heavy reliance on the sale of batteries, cells, motors, and controllers makes the business vulnerable to demand fluctuations or manufacturing challenges in these product lines.

    Supplier Agreements: Lack of formal agreements with machinery and equipment suppliers, with allocations based on received quotations, may pose risks to procurement and operational timelines.

    Registrar
    Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: ipo@bigshareonline.com
    Website: https://ipo.bigshareonline.com/IPO_Status.html