IPO

CLN Energy Limited IPO

BSE SME

Listed On: Jan 30, 2025 at ₹ 256.0

₹ 300000 /1200 Shares
*Min Investment

Check Allotment

23 Jan, 2025

Open Date

27 Jan, 2025

Close Date

28 Jan, 2025

Allotment Date

30 Jan, 2025

Listing Date
CLN Energy IPO Issue Details
  • Issue Price ₹235-250 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 28,92,000 shares(aggregating up to ₹72.3 crore)
  • Fresh Share 28,92,000 shares(aggregating up to ₹72.3 crore)
  • Listing at BSE SME
  • List Price 256.0
  • Listing Date 2025-01-30
  • Lead Manager Aryaman Financial Services Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)1600₹1,50,000
Retail(max)1600₹1,50,000
NII (min) 21200₹3,00,000
CLN Energy IPO Reservation

CLN Energy IPO offers total 28,92,000 shares. Out of which 5,47,200 (18.92%) allocated to QIB, 4,10,400 (14.19%) allocated to NII,9,57,600 (33.11%) allocated to RII, NA (NA%) allocated to employees and 8,20,800 (28.38%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered8,20,800 (28.38%)
Market Maker Shares Offered1,56,000 (5.39%)
QIB Shares Offered5,47,200 (18.92%)
NII (HNI) Shares Offered4,10,400 (14.19%)
Retail Shares Offered9,57,600 (33.11%)
Total Shares Offered28,92,000 (100%)
CLN Energy IPO Documents
DRHP
RHP
CLN Energy IPO Details


CLN Energy Limited IPO is an SME IPO, priced at ₹235-250 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 28,92,000 equity shares, aggregating up to ₹72.3 crores..

The IPO bidding window is open from Jan 23, 2025 to Jan 27, 2025. The allotment is expected to be finalized on Jan 28, 2025, and the tentative listing date is Jan 30, 2025.

The minimum lot size for Retail investors is 600 shares, with a minimum investment of ₹1,50,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 3,00,000.

Aryaman Financial Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Aryaman Capital Markets Limited will act as the market maker for this issue.

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CLN Energy IPO Subscription Analysis And Details
Retail
6.55x
Total
5.42x
As onQIB / NIIRetailTotal
Shares Offered / Reserved5,47,200 / 4,10,4009,57,60019,15,200
Day 1 23-01-25 06:00 PM
1.00 / 2.43 x1.96 x1.79 x
Day 2 24-01-25 06:00 PM
1.07 / 2.98 x3.74 x2.81 x
Day 3 27-01-25 06:00 PM
1.07 / 8.60 x6.55 x5.42 x
Total No of Applications
13,907
CLN Energy Valuations
EPS Pre IPO ₹12.78/-
EPS Post IPO ₹9.28/-
P/E Pre IPO 19.57
P/E Post IPO 26.95
ROE 115%
ROCE 91.55%
RoNW 73.19%
PAT Margin 7.38
CLN Energy Company Financials
In Crs.
In Cr.
31-Mar-2431-Mar-2331-Mar-22
Assets113.27109.6262.05
Revenue132.86128.88121.7
Profit After Tax9.790.733.64
Net Worth13.373.582.86
Reserves & Surplus9.972.451.72
About CLN Energy Company

CLN Energy Limited is an incorporated company in 2019, which manufactures customized lithium-ion batteries and motors and sells powertrain components for electric vehicles. This includes controllers, throttles, DC-DC converters, displays, and differentials.

The company offers B2B solutions for electric vehicles and stationary applications such as solar, ESS, and telecommunications.

The company manufactures various components for electric vehicles, such as motors, controllers, 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 which is Noida and the other one in Pune, Maharashtra

The manufacturing facilities are ISO certified with QMS 9001:2015, EMS 14001:2015 & OHSAS 45001:2018.

As of 30th September 2024, the company had 155 permanent employees and 286 employees on a contract basis.

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CLN Energy - Promoter(s)

CLN Energy Pte. Ltd

Rajiv Seth

Pre Issue Share Holding : 99.99%

Post Issue Share Holding : 72.54%

CLN Energy IPO - Issue Objectives
1

Purchase of machinery and equipment

2

Funding Working capital requirements

3

General Corporate Purpose

CLN Energy IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
CLN Energy Limited12.7812.7839.2819.5773.196.41Restated Financials
Eveready Industries India Ltd.9.189.1853.2141.5717.267.19Consolidated
Panasonic Energy India Company Ltd.15.5215.52137.0329.0111.333.28Consolidated
High Energy Batteries (India) Ltd.19.1419.1497.8431.9419.566.3Consolidated
Indo National Limited12.8312.83314.9142.876.21.75Consolidated

Notes:

  1. The Figures For The Peer Group Are Based On the Consolidated Audited Financials For The Year Ended March 31, 2024.
  2. The P/E Ratio has been computed based on the closing market price of equity shares on January 06, 2025, divided by the Diluted EPS.
  3. Return on Net Worth (%) = Net profit after tax, as restated / Average shareholders' equity (including minority interest) as restated at year/period end.
  4. NAV is computed as the closing net worth (excluding minority interest) divided by the closing outstanding number of equity shares.
  5. Net worth means the aggregate value of the paid-up share capital of the Company and all reserves created out of profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation as at year/period end.
Contact Details

CLN Energy

Plot-18, Sector-140, Phase-2, Nepz Post Office, Gautam Buddha Nagar, Dadri, 201305

+91 75799 06940

info@clnenergy.in

https://www.clnenergy.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html