The CLN Energy IPO is scheduled to open for subscription on January 23, 2025, and close on January 27, 2025, with the company aiming to raise ₹72.30 crores through a Book Built Issue. The IPO comprises a fresh issue of 28.92 lakh equity shares with a face value of ₹10 each. The allotment date is set for January 28, 2025, and the shares are expected to list on the BSE SME on January 30, 2025.
The IPO price band is set at ₹235 to ₹250 per share, and the minimum application size is 600 shares, requiring retail investors to invest at least ₹1,50,000. High Net-Worth Individuals (HNI) must apply for a minimum of 1,200 shares, amounting to ₹3,00,000. The IPO allocates 35% to retail investors, 50% to Qualified Institutional Buyers (QIB), and 15% to High Net-Worth Individuals (HNI).
With the company reporting a revenue of ₹132.86 crores in 2024, up from ₹128.88 crores in 2023, and a significant profit increase from ₹0.73 crores in 2023 to ₹9.79 crores in 2024, the IPO presents a compelling opportunity for long-term investors to participate in CLN Energy’s growth story.
Overview of Contents
CLN Energy IPO Overview
| Details | Information |
|---|---|
| IPO Date | January 23, 2025, to January 27, 2025 |
| Listing Date | January 30, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹235 to ₹250 per share |
| Lot Size | 600 shares |
| Total Issue Size | 28,92,000 shares (₹72.30 crores) |
| Fresh Issue | 28,92,000 shares (₹72.30 crores) |
| Offer for Sale | [To be announced] |
| Issue Type | Book Built Issue |
| Listing Exchange | BSE SME |
| Pre-Issue Shareholding | 76,61,250 shares |
| Post-Issue Shareholding | 1,05,53,250 shares |
| Market Maker Portion | 1,56,000 shares |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| DRHP | Click here |
| RHP | Click here |
CLN Energy IPO Lot Size
Investors interested in the CLN Energy IPO can apply for a minimum of 600 shares and in multiples thereof. The table below outlines the minimum and maximum investment requirements for retail investors and High Net-Worth Individuals (HNI) in terms of lot size, number of shares, and investment amount.
| Investor Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 600 | ₹1,50,000 |
| Retail (Maximum) | 1 | 600 | ₹1,50,000 |
| HNI (Minimum) | 2 | 1,200 | ₹3,00,000 |
CLN Energy IPO Dates
| Event | Date |
|---|---|
| IPO Opening Date | Thursday, January 23, 2025 |
| IPO Closing Date | Monday, January 27, 2025 |
| Basis of Allotment Finalization | Tuesday, January 28, 2025 |
| Refunds Initiated | Wednesday, January 29, 2025 |
| Shares Credited to Demat Accounts | Wednesday, January 29, 2025 |
| Listing Date | Thursday, January 30, 2025 |
| UPI Mandate Confirmation Deadline | 5 PM on January 27, 2025 |
CLN Energy IPO Reservation
| Investor Segment | Allocation Percentage of Net Issue |
|---|---|
| Qualified Institutional Buyers (QIB) | Up to 50% |
| Retail Individual Investors (Retail) | At least 35% |
| Non-Institutional Investors (HNI) | At least 15% |
CLN Energy IPOÂ Promoter Holding
| Details | Information |
|---|---|
| Promoters | CLN Energy Pte. Ltd. and Rajiv Seth |
| Pre-Issue Shareholding | 99.99% |
| Post-Issue Shareholding | 72.54% |
About CLN Energy IPO
CLN Energy Limited, incorporated in 2019, has established itself as a leading manufacturer of customized lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs). The company also provides solutions for stationary applications, such as solar power, energy storage systems (ESS), and telecommunications. Their product portfolio includes electric vehicle components like controllers, throttles, DC-DC converters, displays, and differentials, all sold under the CLN Energy brand.
With manufacturing facilities located in Noida and Pune, CLN Energy boasts ISO certifications, including QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018, ensuring high standards in quality and safety. These state-of-the-art facilities enable the company to produce over 1GWh of battery packs and 120,000 motors annually, catering to L2, L3, and L5 vehicles.
The company’s workforce comprises 155 permanent employees and 286 contract-based workers as of September 30, 2024. CLN Energy’s competitive strengths lie in its experienced team, in-house research and development, and long-term relationships with customers. The company is committed to advancing environmentally friendly and technologically superior components for the EV sector. Through its R&D efforts, it has made significant strides in developing advanced, sustainable products.
For those considering investing in the CLN Energy IPO, the company’s strong financial performance, commitment to innovation, and strategic market positioning in the rapidly growing electric vehicle industry make it a compelling opportunity. The business’s focus on both national and international markets ensures that it is well-prepared for future growth in the clean energy sector.
CLN Energy IPO Company Financial Report
The financial performance of CLN Energy Limited for the past few years is summarized below. The company has shown steady growth across key financial metrics, with a significant increase in both revenue and profit after tax, reflecting its strong business operations. The table provides insights into the company’s assets, revenue, profit, net worth, reserves, and borrowings as of the latest available periods.
| Financial Metric | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets (₹ Crore) | 119.73 | 113.27 | 109.62 | 62.05 |
| Revenue (₹ Crore) | 75.84 | 132.86 | 128.88 | 121.7 |
| Net Profit After Tax (₹ Crore) | 4.64 | 9.79 | 0.73 | 3.64 |
| Shareholders' Equity (₹ Crore) | 18.01 | 13.37 | 3.58 | 2.86 |
| Reserves and Surplus (₹ Crore) | 10.35 | 9.97 | 2.45 | 1.72 |
| Total Debt (₹ Crore) | 6.78 | - | - | - |
CLN Energy IPO Valuation – FY2024
| KPI | Values |
|---|---|
| ROE: | -% |
| ROCE: | -% |
| EBITDA Margin: | 14.07% |
| PAT Margin: | 7.38% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹12.78 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 73.19% |
| Net Asset Value (NAV): | ₹39.28 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Eveready Industries India Limited | 9.18 | 41.57 | 17.26 | 53.21 | 1314.28 Cr. |
| Panasonic Energy India Co. Limited | 15.52 | 29.01 | 11.33 | 137.03 | 292.42 Cr. |
| High Energy Batteries (India) Limited | 19.14 | 31.94 | 19.56 | 97.84 | 77.73 Cr. |
| Indo National Limited | 12.83 | 42.87 | 6.20 | 314.91 | 640.60 Cr |
Objects of the Issue
- Purchase of machinery and equipment
- Funding Working capital requirements
- General Corporate Purpose
CLN Energy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email:Â ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Company Address
CLN Energy Limited
Plot-18, Sector-140,
Phase-2, Nepz Post Office, Gautam Buddha Nagar
Dadri, 201305
Phone: +91 75799 06940
Email:Â info@clnenergy.in
Website: https://www.clnenergy.in/
CLN Energy IPO FAQs
What is the CLN Energy IPO issue size?
The CLN Energy IPO has an issue size of approximately ₹72.30 crores, which comprises a fresh issue of 28.92 lakh shares.
What is the price band for the CLN Energy IPO?
The price band for the CLN Energy IPO is ₹235 to ₹250 per share.
When does the CLN Energy IPO open and close?
The CLN Energy IPO opens on January 23, 2025, and closes on January 27, 2025.
What is the lot size for the CLN Energy IPO?
The minimum lot size for the CLN Energy IPO is 600 shares.
When will the CLN Energy IPO be listed?
The listing of the CLN Energy IPO is expected to occur on January 30, 2025, on BSE SME.
Who are the promoters of CLN Energy?
The promoters of CLN Energy are CLN Energy Pte. Ltd. and Rajiv Seth.
What are the financial highlights of CLN Energy?
As of September 30, 2024, the company reported a revenue of ₹75.84 crores and a profit after tax of ₹4.64 crores.
What is the minimum investment for retail investors in the CLN Energy IPO?
Retail investors need to invest a minimum of ₹1,50,000 for 600 shares in the CLN Energy IPO.
What is the retail quota for the CLN Energy IPO?
The retail quota for the CLN Energy IPO is 35% of the total issue.
Where are the manufacturing facilities of CLN Energy located?
CLN Energy has manufacturing facilities in Noida and Pune, Maharashtra.
What makes CLN Energy a good investment option?
CLN Energy offers strong financial performance, advanced manufacturing facilities, and a promising position in the rapidly growing electric vehicle sector.