CLN Energy Limited
Book Built Issue IPO · BSE
- Price band
- ₹235 to ₹250
- Lot size
- 600 shares
- Issue amount
- ₹72.3 cr
- Total subscription
- 5.51×
- Opens
- 23 Jan 2025
- Closes
- 27 Jan 2025
- Allotment
- 28 Jan 2025
- Listing
- 30 Jan 2025
Offer at a glance
Issue overview
- Issue size
- 28,92,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,41,000
- Fresh issue
- ₹72.3 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,50,000
- Issue type
- Book Built Issue IPO
- Shares before issue
- 76,61,250
- Shares after issue
- 1,05,53,250
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 600 | ₹1,50,000 |
| sHNI | 2 | 1,200 | ₹3,00,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 13.68 | 0 |
| RETAIL | 23.94 | 0.99 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Sep-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 6.05 | 12.78 | 0.95 |
| ROE | 29.55 | 115.44 | 22.63 |
| ROCE | 40.06 | 91.55 | 25.21 |
| RONW | 25.74 | 73.19 | 20.33 |
| PRE IPO(PE) | 0 | 19.57 | 0 |
| POST IPO(PE) | 26.95 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 2019, CLN Energy Limited specializes in making custom lithium-ion batteries, motors, and powertrain components for electric vehicles. They also provide solutions for stationary applications like solar energy, energy storage systems (ESS), and telecommunications. The company manufactures key components for electric vehicles, including motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters. Under the “CLN Energy” brand, they sell lithium-ion battery packs, motors, and other powertrain components. CLN Energy operates two manufacturing plants—one in Noida and another in Pune, Maharashtra. Both facilities are ISO certified with QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018 certifications.As of March 31, 2024, the company employs 123 permanent staff members and 133 off-roll employees.
Strengths
- State-of-the-art manufacturing facilities: Located in Pune and Noida, ensuring efficient production and high-quality output.
- Well-educated and experienced professional team: Driving innovation, smooth operations, and reliable project execution.
- Long-term customer relationships: Built through consistent service quality, trust, and customer-focused solutions.
- In-house Research and Development team: Enabling continuous innovation and development of advanced products.
- Critical business solutions and customised products: Designed to meet specific client requirements with precision.
- Consistent financial performance: Demonstrating stable growth and a strong, reliable business model.
Risk factors
- Legal Issues: Ongoing cases involving the company and its leaders may affect business operations and financial stability if outcomes are unfavorable.
- Revenue Risk: Heavy dependence on batteries, cells, motors, and controllers means any drop in demand or production issues could impact revenue.
- Supplier Challenges: Lack of formal agreements with machinery and equipment suppliers and reliance on quotations may lead to delays in material supply and affect smooth operations.
Promoters
CLN Energy Pte. Ltd
Rajiv Seth
Registrar & documents
Lead manager
Aryaman Financial Services Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot-18, Sector-140, Phase-2, Nepz Post Office, Gautam Buddha Nagar Dadri, 201305
+91 75799 06940
[email protected]Company website ↗Understanding CLN IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.