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CLN Energy Limited IPO

CLN energy limited ipo

Summary of CLN Energy Limited IPO Details

DetailDescription
Issue TypeFresh Issue
Total Issue SizeUp to 28,92,000 Equity Shares of ₹10 each, aggregating up to ₹[●] lakhs
Offer for Sale (OFS) SizeNot Applicable
Face Value₹10 per Equity Share
Issue Price₹[●] per Equity Share (including a premium of ₹[●] per share)
Market Maker Reservation Portion1,56,000 Equity Shares, aggregating up to ₹[●] lakhs
Net Issue to the Public27,36,000 Equity Shares, aggregating up to ₹[●] lakhs
Net Issue Percentage of Post-Issue Capital25.93%
Public Issue Percentage of Post-Issue Capital27.40%
QIB PortionNot more than 13,68,000 Equity Shares, aggregating up to ₹[●] lakhs
Anchor Investor PortionUp to 8,20,800 Equity Shares, aggregating up to ₹[●] lakhs
Net QIB PortionUp 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 PortionNot less than 4,10,400 Equity Shares, aggregating up to ₹[●] lakhs
Retail PortionNot less than 9,57,600 Equity Shares, aggregating up to ₹[●] lakhs
Pre-Issue Equity Shares76,61,250 Equity Shares of ₹10 each
Post-Issue Equity SharesUp to 10,553,250 Equity Shares of ₹10 each
Issue Opens OnThursday, January 23, 2025
Issue Closes OnMonday, January 27, 2025
Anchor Portion Issue Opens/Closes OnWednesday, January 22, 2025
Designated Stock ExchangeBSE Limited (“BSE”)
Book Running Lead ManagerAryaman Financial Services Limited
Registrar to the IssueBigshare Services Private Limited
Minimum Bid LotTo be finalized before the issue opens and advertised.
ListingSME Platform of BSE
Issue is being made in terms ofRegulation 229(2) of Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended.
Price BandTo be finalized before the issue opens and advertised.
Underwriting100% underwritten. Aryaman Financial Services Limited has underwritten 27,36,000 shares (94.61% of total issue).
UPI MechanismAvailable for Retail Individual Bidders (RIBs) for bids up to ₹500,000
Issue-related expensesEstimated and subject to change.
Lock-in Period for PromotersPromoters’ minimum contribution locked in for 3 years. Pre-issue equity capital of 55,11,250 shares locked in for 1 year from allotment date.

Key Highlights:

  1. The IPO is a fresh issue, raising new capital.
  2. The issue will follow the book-building process and is 100% underwritten.
  3. A portion of the issue is reserved for a market maker.
  4. The shares will list on the SME Platform of BSE.
  5. UPI payment mechanism is available for retail bidders.
  6. No minimum subscription level is required for the issue.
  7. 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.
ParticularsSept 30, 2024March 31, 2024March 31, 2023March 31, 2022
Share Capital (₹ in lakhs)766.13340.50113.50113.50
Net Worth (₹ in lakhs)1,800.991,337.34358.49285.62
Revenue from Operations (₹ in lakhs)7,482.7813,270.8712,881.9412,168.96
Profit after Tax (₹ in lakhs)463.65978.8572.87364.13
Earnings per Share (₹)6.0512.780.954.82
Net Asset Value per Equity Share (₹)23.5139.2831.5925.16
Total Borrowings (₹ in lakhs)678.45

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