IPO Details

Bidding Dates

23 Jan '25 - 27 Jan '25

Minimum Investment

₹1,50,000 / 1 Lot (600 Shares)

Price Range

₹235 - ₹250

Maximum Investment

₹1,50,000 / 1 Lot (600 Shares)

Retail Discount

To be announced

Issue Size

₹72.30 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

CLN Energy IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jan 23, 25

IPO Closing Date

Jan 27, 25

Basis of Allotment

Jan 28, 25

Initiation of Refunds

Jan 29, 25

IPO Listing Date

Jan 30, 25

CLN Energy IPO Subscription Details

About CLN Energy IPO

CLN Energy IPO is a 100% book-built issue. It includes a fresh issue of up to 28,92,000 equity shares of ₹10 each, aggregating up to ₹72.30 crore. The IPO is open for subscription from today i.e. January 23, 2025, and is closing soon on January 27, 2025. The allotment is expected to be finalised on January 30, 2025, with a tentative listing date of February 2, 2025, on the BSE SME platform.

The IPO price will be set within a price band of ₹235 to ₹250 per share. Retail investors can apply for a minimum investment of ₹1,50,000 for one lot, while HNI investors must apply in at least two lots, amounting to ₹3,00,000.

Aryaman Financial Services Limited is the book-running lead manager for this issue, while Bigshare Services Private Limited serves as the registrar. Aryaman Capital Markets Limited is the market maker.

For detailed financial and operational information, investors can refer to the CLN Energy IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform of the BSE.

Industry Outlook

  1. India’s renewable energy market is set for significant growth, supported by a target to achieve 500 GW of non-fossil fuel capacity by 2030. The battery energy storage system (BESS) market is projected to grow at a CAGR of over 25% by 2030, driven by clean energy projects and the rising adoption of electric mobility.
  2. Initiatives like the Production Linked Incentive (PLI) scheme and FAME-II are fostering advancements in renewable energy and electric vehicles. The penetration of electric vehicles in India is expected to reach 30% of total vehicle sales by 2030, boosting demand for advanced energy storage systems.

CLN Energy IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. Funds will be utilised to expand production facilities and integrate advanced technologies for developing lithium-ion batteries and energy storage solutions.
  2. A portion of the proceeds will be directed toward reducing outstanding liabilities to strengthen the company’s financial position.
  3. Investments will be made in research and development to innovate advanced chemistry cells and battery management systems.
  4. The remaining funds will support day-to-day operations, working capital requirements, and strategic initiatives.

About CLN Energy Limited 

CLN Energy Limited, originally incorporated as JLNPhenix Energy Private Limited on October 1, 2019, transitioned into a public limited entity on June 18, 2024. Headquartered in Gautam Buddha Nagar, Uttar Pradesh, the company specialises in developing advanced battery technologies and energy storage systems.

Initially focused on manufacturing lithium-ion batteries, CLN Energy has expanded its portfolio to include energy storage systems (ESS) for renewable projects and customised solutions for industrial applications. The company’s innovative approach supports key sectors like electric vehicles (EVs), renewable energy, and industrial power backup systems.

With state-of-the-art production facilities and a robust research and development (R&D) setup, CLN Energy ensures high-quality manufacturing processes for advanced chemistry cells and battery management systems. The company’s end-to-end solutions encompass design, production, and deployment, ensuring timely delivery and client satisfaction.

Operating on a B2B model, CLN Energy collaborates with government agencies and private sector leaders to deliver cutting-edge energy solutions across India. The company is committed to driving sustainable growth and supporting India’s clean energy transition.

How To Check the Allotment Status of the CLN Energy IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for CLN Energy IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the CLN Energy IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of CLN Energy IPO 

Registered office: Plot-18, Sector-140, Phase-2, NEPZ Post Office,

Gautam Buddha Nagar, Dadri - 201305, Uttar Pradesh, India

Phone: +91 75799 06940 

E-mail: ipo@clnenergy.in

CLN Energy IPO Reservation

Investor Category

Shares Offered

Anchor Investor Shares 

8,20,800 (28.38%)

Market Maker Shares 

1,56,000 (5.39%)

QIB Shares 

5,47,200 (18.92%)

NII (HNI) Shares

4,10,400 (14.19%)

Retail Shares 

9,57,600 (33.11%)

CLN Energy IPO Anchor Investors Details

Bid Date

January 22, 2025

Shares Offered

8,20,800

Anchor Portion Size (In ₹ Cr.)

20.52

Anchor lock-in period end date for 50% shares

February 27, 2025

Anchor lock-in period end date for remaining shares

April 28, 2025

CLN Energy IPO Lot Size

Application

Lots

Shares

Amount

Retail (Min)

1

600

₹1,50,000

Retail (Max)

1

600

₹1,50,000

HNI (Min)

2

1200

₹3,00,000

CLN Energy IPO Promoter Holding

The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.

Share Holding Pre-Issue

99.99%

Share Holding Post Issue

72.54%

Key Performance Indicators for CLN Energy IPO

As of March 31, 2024, the market capitalisation of CLN Energy's IPO is ₹263.83 crore. Here are the KPIs of CLN Energy:

KPI

Value

RoE (%)

115.44

RoCE (%)

91.55

EBITDA Margin (%)

14.07

PAT Margin (%)

7.38

Price Metrics

Metric

Pre-IPO

Post-IPO

EPS (₹)

12.78

9.28

P/E (x)

[●]

[●]

Note: CLN Energy Limited’s pre-IPO EPS is based on pre-issue shareholding and FY earnings as of March 31, 2024. Post-IPO EPS considers post-issue shareholding and annualised earnings as of September 30, 2024, offering insights into earnings per share before and after the IPO.

CLN Energy IPO Prospectus

CLN Energy IPO Registrar and Lead Managers

CLN Energy IPO Lead Managers

  • Aryaman Financial Services Limited

Registrar for CLN Energy IPO

 Bigshare Services Private Limited

CLN EnergyIPO Registrar

Financial Performance of CLN Energy Limited

Financial year Total Income Total Expense Profit After Tax
Revenue from Operation (in ₹ lakh) 13,270.86 12,881.94 12,168.96
Profit After Tax (PAT) (in ₹ lakh) 978.85 72.87 364.13
EBITDA (in ₹ lakh) 1,866.86 667.70 635.62
Return on Average Equity (%) 115.44 22.63 254.97
Return on Capital Employed (%) 91.55 25.21 175.47
Current Ratio (x) 1.26 1.14 1.12
Net Worth (in ₹ lakh) 1,337.34 358.49 285.62

Know before investing

Strengths

8

  1. Advanced energy storage systems and customised industrial solutions cater to diverse sectors like EVs and renewable energy.

  2. Three state-of-the-art manufacturing plants enable high-volume, precision-driven production.

  3. Strong collaborations with government and private entities support metro and B2G projects.

  4. Focus on advanced chemistry cells and battery management systems for growing renewable and EV markets.

  5. Robotic automation enhances product quality and operational efficiency.

  6. Global quality and ethical standards establish a trusted brand image.

  7. Strong customer loyalty drives repeat business and sustainable growth.

  8. Systematic warehousing ensures efficient delivery and supports e-commerce growth.

Risks

8

  1. Ongoing or future legal proceedings may result in liabilities, penalties, or reputational damage, adversely affecting operations and profitability.

  2. Since the company’s success relies heavily on overcoming challenges in manufacturing, marketing, and ensuring timely delivery, failing in this could impact growth.

  3. Intense competition in the industry may lead to reduced sales, increased inventory levels, and pressure on pricing.

  4. Heavy reliance on unorganised suppliers poses risks of delays, defective materials, or interruptions in the supply chain.

  5. Dependency on Maharashtra for over 80% of raw materials makes the company vulnerable to local disruptions.

  6. Customer-driven pricing pressures may erode profit margins and operational efficiency.

  7. Operations based on rented facilities are subject to risks of lease renewals, disputes, or cancellations.

  8. Concentrated revenue from specific regions increases exposure to adverse local economic or political developments.

  • How to Apply in IPO
  • How to Check IPO Allotment Status
Play Button

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Play Button

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

CLN Energy Limited Peer Details Comparison

Company Name EPS (Basic) EPS (Diluted) P/E (x) RoNW (%)
CLN Energy Limited 12.78 12.78 [●] 73.19
Eveready Industries India Ltd. 9.18 9.18 41.57 17.26
Panasonic Energy India Company Ltd. 15.52 15.52 29.01 11.33
High Energy Batteries (India) Ltd. 19.14 19.14 31.94 19.56
Indo National Limited 12.83 12.83 42.87 6.2

CLN Energy IPO FAQs

What is the CLN Energy IPO?

CLN Energy IPO is a 100% book-built issue IPO. It will open for subscription from January 23, 2025, to January 27, 2025.

When will the CLN Energy IPO be allotted?

The Basis of Allotment will take place on Thursday, January 28, 2025.

When will the CLN Energy IPO open for subscription?

The IPO subscription window will open on January 23, 2025.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 600 shares.

When will CLN Energy Limited list on exchanges?

The listing date for CLN Energy Limited is expected to be on January 30, 2025, on the SME platform of the BSE.

What is the issue size of the CLN Energy IPO?

The issue size is up to ₹72.30 crore, consisting of a fresh issue of ₹72.30 crore.

What are the open and close dates of the CLN Energy IPO?

The IPO will open on January 23, 2025, and close on January 27, 2025.

What would be the listing gains on the CLN Energy IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

How to increase your chances of getting a CLN Energy IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the CLN Energy IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of CLN Energy Limited using one PAN?

You can submit only one application using your PAN card.

How to read CLN Energy Limited's financial statements?

To read CLN Energy’s financial statements, download the IPO’s RHP document.

What is 'pre-apply' for CLN Energy Limited IPO?

Pre-apply allows investors to apply for the  CLN Energy  IPO two days before the subscription period opens, ensuring an early submission of your application.

If I pre-apply for the CLN Energy Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.

When will I know if my CLN Energy Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.

Who is the registrar of CLN Energy IPO?

Bigshare Services Private Limited is the registrar managing the IPO allotment process and handling investor-related queries.

Where is the CLN Energy IPO getting listed?

CLN Energy’s IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).