CLN Energy was founded in 2019 with the aim of reducing Carbon emissions in both mobile and stationary situations. Within CLN Energy, they not only conceive, refine and craft products and solutions but also manufacture them. Their expertise lies in the field of lithium-ion batteries, covering both mobile and stationary applications.
CLN Energy, an Book Built Issue amounting to ₹ 72.30 Crores, consisting entirely an fresh issue of 28.92 Lakh Shares. The subscription period for the CLN Energy IPO opens on January 23, 2025, and closes on January 27, 2025. The allotment is expected to be finalized on or about Tuesday, January 28, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Thursday, January 30, 2025.
The Share price band of CLN Energy IPO is set at ₹ 235 to ₹ 250 per equity share. The Market Capitalisation of the CLN Energy Limited at IPO price of ₹ 250 per equity share will be ₹ 263.83 Crores. The lot size of the IPO is 600 shares. Retail investors are required to invest a minimum of ₹ 1,50,00, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (1,200 shares), amounting to ₹ 3,00,0000.
ARYAMAN FINANCIAL SERVICES LIMITED is the book running lead manager of the CLN Energy IPO, while BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the issue. Aryaman Capital Markets Limited is the Market Maker for CLN Energy IPO.
CLN Energy Limited IPO GMP Today
The Grey Market Premium of CLN Energy Limited IPO is expected to be ₹ 0 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.
CLN Energy Limited Day Wise IPO GMP Trend
|
Date |
IPO Price |
Expected Listing Price |
GMP |
Last Updated |
| 20 January 2025 | ₹ 250 | ₹ 250 | ₹ 0 (0.00%) | 12:00 PM; 20 Jan 2025 |
CLN Energy Limited IPO Live Subscription Status Today: Real-Time Update
CLN Energy IPO will be open for its subscription on 23 January, 2025.
CLN Energy IPO Anchor Investors Report
CLN Energy has raised ₹ 20.52 Crores from Anchor Investors at a price of ₹ 250 per shares in consultation of the Book Running Lead Managers. The company allocated 8,20,800 equity shares to the Anchor Investors. Check Full List of CLN Energy Anchor Investor List.
Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion
CLN Energy Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
CLN Energy IPO allotment date is 28 January, 2025, Tuesday. CLN Energy IPO Allotment will be out on 28 January, 2025 and will be live on Registrar Website from the allotment date. Check CLN Energy IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select CLN Energy Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.
Objectives of CLN Energy Limited IPO
CLN Energy proposes to utilise the Net Proceeds towards the following objects:
1. ₹ 971.00 Lakhs is required for Purchase of machinery and equipment
2. ₹ 4,022.00 Lakhs is required for Funding Working capital requirements
3. General Corporate Purpose
Refer to CLN Energy Limited RHP for more details about the Company.
Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.
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CLN Energy IPO Details |
|||||||||||
| IPO Date | January 23, 2025 to January 27, 2025 | ||||||||||
| Listing Date | January 30, 2025 | ||||||||||
| Face Value | ₹10 | ||||||||||
| Price | ₹ 235 to ₹ 250 per share | ||||||||||
| Lot Size | 600 Equity Shares | ||||||||||
| Total Issue Size | 28,92,000 Equity Shares (aggregating Upto ₹ 72.30 Cr) | ||||||||||
| Fresh Issue | 28,92,000 Equity Shares (aggregating Upto ₹ 72.30 Cr) | ||||||||||
| Offer for Sale | NIL | ||||||||||
| Issue Type | Book Built Issue | ||||||||||
| Listing At | BSE SME | ||||||||||
| Share holding pre issue | 76,61,250 | ||||||||||
| Share holding post issue | 1,05,53,250 | ||||||||||
CLN Energy IPO Lot Size |
|||||||||||
| Application | Lots | Shares | Amount | ||||||||
| Retail (Min) | 1 | 600 | ₹1,50,000 | ||||||||
| Retail (Max) | 1 | 600 | ₹1,50,000 | ||||||||
| S-HNI (Min) | 2 | 1,200 | ₹3,00,000 | ||||||||
| S-HNI (Max) | 6 | 3,600 | ₹9,00,000 | ||||||||
| B-HNI (Min) | 7 | 4,200 | ₹10,50,000 | ||||||||
CLN Energy IPO Timeline (Tentative Schedule) |
|||||||||||
| IPO Open Date | Thursday, January 23, 2025 | ||||||||||
| IPO Close Date | Monday, January 27, 2025 | ||||||||||
| Basis of Allotment | Tuesday, January 28, 2025 | ||||||||||
| Initiation of Refunds | Wednesday, January 29, 2025 | ||||||||||
| Credit of Shares to Demat | Wednesday, January 29, 2025 | ||||||||||
| Listing Date | Thursday, January 30, 2025 | ||||||||||
| Cut-off time for UPI mandate confirmation | 5 PM on January 27, 2025 | ||||||||||
CLN Energy IPO Reservation |
|||||||||||
| Investor Category | Shares Offered | Reservation % | |||||||||
| QIB Portion | 5,47,200 | Not More than 50% of the Issue | |||||||||
| Non-Institutional Investor Portion | 4,10,400 | Not Less than 15% of the Issue | |||||||||
| Retail Shares Offered | 9,57,600 | Not Less than 35% of the Issue | |||||||||
| Market Maker Portion | 1,56,000 | 5.39% of the issue | |||||||||
| Achor Investor Portion | 8,20,800 | Allotted from QIB Portion | |||||||||
CLN Energy IPO Promoter Holding |
|||||||||||
| Share Holding Pre Issue | 99.99% | ||||||||||
| Share Holding Post Issue | 72.54% | ||||||||||
CLN Energy IPO Subscription Status |
|||||||||||
| Investor Category | Shares Offered | Shares Bid For | No oF Times Subscribed | ||||||||
| Qualified Institutional Buyers (QIB) | 5,47,200 | - | 0.00 | ||||||||
| Non Institutional Investors(NIIS) | 5,66,400 | - | 0.00 | ||||||||
| Retail Individual Investors (RIIs) | 9,57,600 | - | 0.00 | ||||||||
| Total | 20,71,200 | - | 0.00 | ||||||||
| Period Ended | Sep 30, 2024 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 |
|---|---|---|---|---|
| Reserve of Surplus | 1,034.86 | 996.84 | 244.99 | 172.12 |
| Total Assets | 11,972.95 | 11,327.38 | 10,962.41 | 6,204.85 |
| Total Borrowings | 179.57 | 103.22 | 87.71 | 55.18 |
| Fixed Assets | 1,356.33 | 1,600.81 | 1,374.82 | 452.55 |
| Cash | 162.31 | 378.96 | 175.4 | 99.09 |
| Net Borrowing | 17.26 | -275.74 | -87.69 | -43.91 |
| Revenue | 7,584.13 | 13,285.93 | 12,888.39 | 12,170.00 |
| EBITDA | 1,061.41 | 1,866.86 | 667.70 | 635.62 |
| PAT | 463.65 | 978.85 | 72.87 | 364.13 |
| EPS | 6.05 | 12.78 | 0.95 | 4.82 |
Note 1:- RoE, ROCE & RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 2:- Pre EPS and Post EPS calculation in KPI is based (Profit/Loss for the Year) on 31st Mar, 2024 Data, given in RHP.
Note 3:- RoNW calculation in KPI is based on 31st Mar, 2024 Data, given in RHP.
Note 4:- Price to Book Value calculation in KPI is based on Cap Price Post Offer, given in BUSINESS STANDARD.
Key Performance Indicator |
|||||||||||
| KPI | Values | ||||||||||
| EPS Pre IPO (Rs.) | ₹12.78 | ||||||||||
| EPS Post IPO (Rs.) | ₹9.28 | ||||||||||
| P/E Pre IPO | 19.56 | ||||||||||
| P/E Post IPO | 26.95 | ||||||||||
| ROE | 115.44% | ||||||||||
| ROCE | 91.55% | ||||||||||
| P/BV | 2.92 | ||||||||||
| Debt/Equity | - | ||||||||||
| RoNW | 73.19% | ||||||||||
CLN Energy Limited IPO Peer Comparison |
|||||||||||
| Company Name | EPS | ROCE | ROE | P/E (x) | P/Bv | Debt/Equity | RoNW (%) | ||||
| CLN Energy Limited | ₹ 9.28 | 91.55 % | 115.44 % | 26.95 | 2.92 | - | 73.19 % | ||||
| Eveready Industries India Limited | ₹ 10.4 | 16.2 % | 19.1 % | 35.1 | 6.05 | 0.65 | 19.1 % | ||||
| Panasonic Energy India Co. Limited | ₹ 18.4 | 16.0 % | 12.0 % | 24.6 | 3.26 | 0.02 | 12.0 % | ||||
| High Energy Batteries (India) Limited | ₹ 14.1 | 27.9 % | 22.2 % | 44.0 | 6.22 | 0.08 | 22.2 % | ||||
| Indo National Limited | ₹ 189 | 8.22 % | 4.11 % | 2.88 | 0.90 | 0.08 | 4.11 % | ||||
CLN ENERGY LIMITED
Plot-18, Sector-140, Phase-2, Nepz Post Office, Gautam Buddha Nagar, Dadri, 201305, Uttar Pradesh, India.
Contact Person : Sonal Jhanwar
Telephone : +91 75799 06940
Email ID : ipo@clnenergy.in
Website : https://www.clnenergy.in/
Registrar : BIGSHARE SERVICES PRIVATE LIMITED
Telephone : +91 - 22 - 6263 8200
Contact Person : Babu Rapheal
Email ID : ipo@bigshareonline.com
Website : https://www.bigshareonline.com/
Lead Manager : ARYAMAN FINANCIAL SERVICES LIMITED
Telephone : +91 - 22 - 6216 6999
Contact Person : Vatsal Ganatra/Deepak Biyani
Email ID : ipo@afsl.co.in
Website : https://www.afsl.co.in/
CLN Energy was founded in 2019 with the aim of reducing Carbon emissions in both mobile and stationary situations. Within CLN Energy, they not only conceive, refine and craft products and solutions but also manufacture them. Their expertise lies in the field of lithium-ion batteries, covering both mobile and stationary applications.
The Company is led by Promoters, namely, RAJIV SETH, who had acquired indirect stake of the company through CLN Energy Pte Ltd dated November 19, 2019, thus making him a promoter of the company. He holds bachelor’s degree in Electronics & Communication Engineering at Kurukshetra University. He has over 2 decades of experience in overall managing and promoting companies. He is the promoter of 4 foreign companies including the holding company.
The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 7,584.13 Lakh, ₹ 13,285.93 Lakh, ₹ 12,888.39 Lakh and ₹ 12,170.00 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,061.41 Lakh, ₹ 1,866.86 Lakh, ₹ 667.70 Lakh, and ₹ 635.62 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 463.65 Lakh, ₹ 978.85 Lakh, ₹ 72.87 Lakh, and ₹ 364.13 Lakh respectively. This indicates a steady growth in financial performance.
The Company Key Performance Indicates the pre-issue EPS of ₹ 12.78 and post-issue EPS of ₹ 9.28 for FY24. The pre-issue P/E ratio is 19.56x, while the post-issue P/E ratio is 26.95x against the Industry P/E ratio is 36x. The company's ROCE for FY24 is 91.55%, ROE for FY24 is 115.44% and RoNW 73.19%. The Annualised EPS based on the latest financial data is ₹ 12.1 and PE ratio is 20.66x. These metrics suggest that the IPO is fairly priced.
The Grey Market Premium (GMP) of CLN Energy showing potential listing gains of 0.00%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the CLN Energy Limited IPO for Listing gain.
Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information.
About the Author
CA Abhay Kumar (Also known as CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.
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