Summary of CLN Energy Limited IPO Details
Detail | Description |
---|---|
Issue Type | Fresh Issue |
Total Issue Size | Up to 28,92,000 Equity Shares of ₹10 each, aggregating up to ₹[●] lakhs |
Offer for Sale (OFS) Size | Not Applicable |
Face Value | ₹10 per Equity Share |
Issue Price | ₹[●] per Equity Share (including a premium of ₹[●] per share) |
Market Maker Reservation Portion | 1,56,000 Equity Shares, aggregating up to ₹[●] lakhs |
Net Issue to the Public | 27,36,000 Equity Shares, aggregating up to ₹[●] lakhs |
Net Issue Percentage of Post-Issue Capital | 25.93% |
Public Issue Percentage of Post-Issue Capital | 27.40% |
QIB Portion | Not more than 13,68,000 Equity Shares, aggregating up to ₹[●] lakhs |
Anchor Investor Portion | Up to 8,20,800 Equity Shares, aggregating up to ₹[●] lakhs |
Net QIB Portion | Up to 5,47,200 Equity Shares (assuming Anchor Investor Portion is fully subscribed), aggregating up to ₹[●] lakhs |
Mutual Funds Portion (within QIB) | 5% of the QIB Portion (Up to 27,360 Equity Shares), aggregating up to ₹[●] lakhs |
Non-Institutional Portion | Not less than 4,10,400 Equity Shares, aggregating up to ₹[●] lakhs |
Retail Portion | Not less than 9,57,600 Equity Shares, aggregating up to ₹[●] lakhs |
Pre-Issue Equity Shares | 76,61,250 Equity Shares of ₹10 each |
Post-Issue Equity Shares | Up to 10,553,250 Equity Shares of ₹10 each |
Issue Opens On | Thursday, January 23, 2025 |
Issue Closes On | Monday, January 27, 2025 |
Anchor Portion Issue Opens/Closes On | Wednesday, January 22, 2025 |
Designated Stock Exchange | BSE Limited (“BSE”) |
Book Running Lead Manager | Aryaman Financial Services Limited |
Registrar to the Issue | Bigshare Services Private Limited |
Minimum Bid Lot | To be finalized before the issue opens and advertised. |
Listing | SME Platform of BSE |
Issue is being made in terms of | Regulation 229(2) of Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended. |
Price Band | To be finalized before the issue opens and advertised. |
Underwriting | 100% underwritten. Aryaman Financial Services Limited has underwritten 27,36,000 shares (94.61% of total issue). |
UPI Mechanism | Available for Retail Individual Bidders (RIBs) for bids up to ₹500,000 |
Issue-related expenses | Estimated and subject to change. |
Lock-in Period for Promoters | Promoters’ minimum contribution locked in for 3 years. Pre-issue equity capital of 55,11,250 shares locked in for 1 year from allotment date. |
Table of Contents
ToggleKey Highlights:
- The IPO is a fresh issue, raising new capital.
- The issue will follow the book-building process and is 100% underwritten.
- A portion of the issue is reserved for a market maker.
- The shares will list on the SME Platform of BSE.
- UPI payment mechanism is available for retail bidders.
- No minimum subscription level is required for the issue.
- Utilization of net proceeds will be disclosed in the company’s balance sheet.
This table provides a comprehensive summary of the IPO details for CLN Energy Limited.
CLN Energy Limited specializes in the manufacture of customized lithium-ion batteries, motors, and powertrain components for electric vehicles (EVs). The company provides B2B solutions catering to both mobility and stationary applications.
Key Business Activities
1. Manufacturing:
- Customized lithium-ion batteries designed for EVs.
- Motors for various electric vehicle models.
- Powertrain components, including controllers, throttles, DC-DC converters, and displays.
2. B2B Solutions:
- Mobility Applications:
- Solutions for electric two-wheelers, three-wheelers, and four-wheelers, including traction systems.
- Stationary Applications:
- Products for solar energy systems, energy storage systems (ESS), and telecommunications.
- Custom lithium-ion battery packs tailored to diverse application needs.
3. Branding:
- Lithium-ion battery packs, motors, and powertrain components are marketed under the [Brand Name] brand.
4. Research & Development (R&D):
- In-house R&D capabilities for the design and integration of powertrain and power systems.
- Expertise includes system engineering, mechanical and electrical design, and product validation for batteries and motors.
5. Services:
- Design and development of prototypes based on specific customer requirements.
- Repair and after-sales support through dedicated service centers.
Revenue Streams
- Manufacturing, Trading, and Services: The company generates revenue from these activities, with the largest contributions coming from the Delhi, Maharashtra, Uttar Pradesh, and Haryana regions.
Particulars | Sept 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
---|---|---|---|---|
Share Capital (₹ in lakhs) | 766.13 | 340.50 | 113.50 | 113.50 |
Net Worth (₹ in lakhs) | 1,800.99 | 1,337.34 | 358.49 | 285.62 |
Revenue from Operations (₹ in lakhs) | 7,482.78 | 13,270.87 | 12,881.94 | 12,168.96 |
Profit after Tax (₹ in lakhs) | 463.65 | 978.85 | 72.87 | 364.13 |
Earnings per Share (₹) | 6.05 | 12.78 | 0.95 | 4.82 |
Net Asset Value per Equity Share (₹) | 23.51 | 39.28 | 31.59 | 25.16 |
Total Borrowings (₹ in lakhs) | 678.45 | – | – | – |