CLN Energy IPO is a book-built issue amounting to Rs 72.30 crores, consisting entirely of a fresh issue of 28.92 lakh shares.
The subscription for the CLN Energy IPO opens on January 23, 2025, and will close on January 27, 2025. The allotment process is expected to be finalized on Tuesday, January 28, 2025. The IPO is set to list on the BSE SME, with a tentative listing date scheduled for Thursday, January 30, 2025.
CLN Energy operates in the clean energy sector, specifically focusing on lithium-ion battery manufacturing and electric vehicle (EV) powertrain components. They produce batteries for various applications, including two-wheelers, three-wheelers, four-wheelers, and energy storage systems.
The price band for CLN Energy IPO is fixed between ₹235 and ₹250 per share. Investors can apply for a minimum lot size of 600 shares. For retail investors, the minimum investment required is ₹1,50,000, while high-net-worth individuals (HNI) must apply for at least 2 lots (1,200 shares), amounting to ₹3,00,000.
Aryaman Financial Services Limited is acting as the book-running lead manager for the CLN Energy IPO, with Bigshare Services Pvt Ltd serving as the registrar for the issue. The market-making responsibilities will be handled by Aryaman Capital Markets Limited.
CLN Energy IPO Details:
| Company Name | CLN Energy Limited |
| Sector | Clean Energy |
| IPO Type | SME |
| IPO Open date | 23rd Jan 2025 |
| IPO Close date | 27th Jan 2025 |
| Listing Exchanges | BSE |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
CLN Energy IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 600 | 1,50,000 |
| HNI (Min) | 2 | 1200 | 3,00,000 |
CLN Energy IPO Timeline:
| IPO Open Date | 23rd Jan 2025 |
| IPO Close Date | 27th Jan 2025 |
| Basis of Allotment | 28th Jan 2025 |
| Refund Initiation Date | 29th Jan 2025 |
| Shares Credit to Demat | 29th Jan 2025 |
| Listing Date | 30th Jan 2025 |
Things to Consider before applying for an IPO
Financial Performance: Review CLN Energy’s Financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Clean Energy Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in CLN Energy and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
