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CLN Energy IPO
4.31xsubscribed

CLN Energy IPO

Batteries
listed
₹1.41LMin. investment

CLN Energy Limited IPO Details

SectorBatteries
Price range₹235 – ₹250
IPO type
SME
Lot size600 shares
Issue size₹72Cr
Red Herring Prospectus
Read
Market cap
₹263.83CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹132.7CrLower than sector avg
Growth rate3Y CAGR
2.93%Higher than sector avg

CLN Energy IPO Subscription Status

Date
QIB
NII
Retail
Total
23-Jan-25
1.0 times (X)
0.63 times (X)
1.96 times (X)
1.4 times (X)
24-Jan-25
1.07X
1.2X
3.74X
2.43X
27-Jan-25
1.07X
3.7X
6.42X
4.31X

As on 23-Jan-25, 5:30 PM

CLN Energy IPO Timeline

  1. Pre-apply
    22 Jan 2025
  2. Bid start
    23 Jan 2025
  3. Bid end
    27 Jan 2025
  4. Allotment
    28 Jan 2025
  5. Release of funds
    29 Jan 2025
  6. Demat transfer
    29 Jan 2025
  7. Listing
    30 Jan 2025

About CLN Energy Limited

CLN Energy Limited, founded in 2019, specializes in sustainable products, including lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs) and energy storage solutions. With two advanced manufacturing plants in Noida and Pune, the company produces high volumes of batteries and motors for EVs and stationary applications. CLN Energy also focuses on R&D to provide tailored, efficient solutions, positioning itself as a leader in the renewable energy and EV sectors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
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Objectives of Cln Energy Limited IPO

Working capital requirements
40.22%
The company will use ₹40.22 Cr for its own working capital needs.
Purchase of machinery and equipment
13.43%
The company will use ₹9.71 Cr towards purchase of machinery and equipment.
General corporate purposes
Not assigned
The company will use part of its net IPO proceeds for general corporate purposes.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratio
This IPO₹132.7Cr2.93%₹9.78Cr₹263.83Cr19.56
This sector (avg.)₹1,963.94Cr0.10%₹122.46Cr₹6,911.09Cr28.07
₹17,237.85Cr---₹800.5Cr₹27,336Cr38.32
₹1,967.2Cr---₹262.57Cr₹21,721Cr33.93
₹12,846.32Cr---₹944.67Cr₹15,363.15Cr17.05

*Revenue for financial year 2023-24. Lower P/E and D/E ratios are generally preferred.

CLN Energy IPO Contact Details

Company NameCLN Energy Limited

How to apply for CLN Energy IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Cln Energy Limited IPO FAQs