CLN Energy IPO listed at ₹256 per share on the BSE SME platform on January 30, marking a 2.4% premium over its issue price of ₹250. Shortly after the listing, the stock gained 5%, hitting the upper circuit at ₹268.80 per share.
CLN Energy IPO Subscription Status
CLN Energy IPO was oversubscribed 5.42 times, receiving bids for 1.03 crore shares against 19.15 lakh offered. Retail investors led with 6.55x subscription, followed by non-institutional buyers at 8.6x. The total amount bid stood at ₹259.73 crore from 13,907 applications.
CLN Energy IPO GMP
CLN Energy IPO had a last recorded GMP of ₹0 as of January 30, 2025, indicating no grey market premium before listing. Despite this, the stock debuted at ₹256, just 2.40% above the issue price of ₹250, reflecting a lack of speculative demand.
Details About CLN Energy IPO
CLN Energy IPO opened for subscription on January 23, 2025, and closed on January 27, 2025, with the company aiming to raise ₹72.30 crores through a fresh issue of 28.92 lakh shares. The IPO had a price band of ₹235-₹250 per share, and the shares were listed on the BSE SME on January 30, 2025.
IPO Investment Details:
- Minimum investment for retail investors: 600 shares (₹1,50,000).
- Minimum investment for HNIs: 1,200 shares (₹3,00,000).
IPO Allocation:
- Retail Investors – 35%
- Qualified Institutional Buyers (QIBs) – 50%
- High Net-Worth Individuals (HNIs) – 15%
CLN Energy IPO Funds Deployment
- Purchase of Machinery & Equipment – Investing in new technology and infrastructure.
- Working Capital Requirements – Supporting daily business operations and growth.
- General Corporate Purposes – Covering administrative and strategic expenses.
About Company
CLN Energy Limited, founded in 2019, manufactures lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs) and energy storage solutions. With ISO-certified facilities in Noida and Pune, the company produces over 1GWh of battery packs and 120,000 motors annually. CLN Energy stands out for its strong in-house R&D, experienced team, and solid customer relationships, positioning itself as a key player in the rapidly growing EV industry. Its focus on sustainable, advanced technology makes it a promising investment opportunity.
CLN Energy IPO Financial Background
As of September 30, 2024, CLN Energy reported total assets of ₹119.73 crore, with revenue of ₹75.84 crore and a net profit of ₹4.64 crore. The company’s shareholders’ equity increased to ₹18.01 crore, while reserves and surplus rose to ₹10.35 crore. Total debt stood at ₹6.78 crore, reflecting a healthy financial position compared to previous years.