CLN Energy IPO opened for subscription on January 23, 2025, and closed on January 27, 2025.
It was a book-built issue of ₹72.30 crore. The issue was a fresh issue of 28.92 lakh shares. The CLN Energy IPO price band was set at ₹235 to ₹250 per share.
On Day 3 of subscription, January 27, as of 6:19 PM, CLN Energy IPO was subscribed 5.42 times. QIBs subscribed 1.07x, NIIs subscribed 8.6x, and retail investors subscribed 6.55x.
The share allotment was finalised on January 28, 2025, and the shares were listed on BSE SME on January 30, 2025.
On the listing day, on the BSE, at 10:13 AM, CLN Energy share price was trading at ₹261.00, up by 1.95% from its opening price of ₹256.00 and 4.40% up from its issue price of ₹250.00. As of the same time, the stock touched its day’s high at ₹268.80. The company’s market cap was ₹275.44 crore.
CLN Energy Limited, established on October 1, 2019, is driven by a vision to manufacture sustainable products that minimise carbon emissions. The company specialises in producing customised Lithium-ion batteries and motors, as well as providing powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials.
Serving B2B clients, CLN Energy caters to both mobility applications—such as electric two-wheelers, three-wheelers, and four-wheelers, including traction systems—and stationary applications, including solar energy, energy storage systems (ESS), and telecommunications. The company also offers tailored solutions for a wide range of applications that utilise Lithium-ion battery packs. Products, including Lithium-ion battery packs, motors, and powertrain components, are marketed under the “CLN Energy” brand.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 30, 2025, 11:01 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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