Here is one more IPO in the first month of 2025. The bugging start for CLN Energy IPO is on 23rd Jan 2025, and the last date for bidding is 27th Jan 2025. The price range for the CLN Energy IPO is ₹235 (Minimum Price) – ₹250 (Maximum Price). The lot size is 600 shares. So the minimum investment amounts sum to ₹250 * 600 = ₹150000. The total issue size is of ₹72Cr.
The face value of CLN Energy IPO is ₹10 per share. There is no offer for sale which means all the issues the fresh issue and it is directly utilized in the company business. The stock will be listed on BSE on 30 Jan 2025. The credit of share and refund date is on 29 Jan 2025. The allotment date is on 28th Jan 2025.
CLN Energy IPO GMP live
| Date | GMP | Trends | Kostak | Subject to Sauda |
|---|---|---|---|---|
| 23 Jan 2025 | – | – | – | – |
| 22 Jan 2025 | – | – | – | – |
| 21 Jan 2025 | – | – | – | – |
| 20 Jan 2025 | – | – | – | – |
CLN Energy company business overview
Founded in 2019, Gautam Buddha Naga-based CLN Energy is a leading manufacturer of lithium-ion batteries, electric motors for EVs, and components of powertrains for EVs (Electric Vehicles). It also deals in the business of solar energy, solar storage systems, and telecommunications. CLN Energy majorly deals in B2B (Business-to-Business) with the specific requirements which is required by their clients.
Their main revenue source is E-Mobility which contributes around 73.69% of total revenue. Then followed by Stationary Applications which contribute 23.72% and lastly powertrain which contributes 2.59% of total revenue. If we talk about the channel-wise revenue manufacturing is their main channel revenue source which contributes around 67.51% then followed by services (17.15%) and Trading(15.33%).
If we see the presence of the company then its footprints are in major states in India such as Delhi, UP, Maharastra, and Haryana. It has a total of 112 distributor networks which deal in 10 states across India. CLN Energy seems to catch the R&D in the EV sector that’s which as of now (Jan 2025) has 15 employees focusing on future innovations.
Purpose of CLN Energy IPO
- The main purpose of CLN Energy IPO is to purchase machinery and equipment with the help of IPO funds.
- The second objective is to use funds to meet the working capital requirement.
- The last objective is to utilize funds for general corporate.
CLN Energy IPO Details
| Stock Symbol | CLN |
| Industry | EV |
| Issue Size | ₹72Cr |
| Lot Size | 600 |
| Price Range | ₹235 – ₹250 |
| Bid Start Date | 23 Jan 2025 |
| Bid End Date | 27 Jan 2025 |
| Allotment Date | 28 Jan 2025 |
| Refund and Share Credit Date | 29 Jan 2025 |
| Listing Date | 30 Jan 2025 |
| Mandate End Date | 11 Feb 2025 |
| Lock-in end Date | 28 Apr 2025 |
| Prospectus | Download |
| Address | Plot-18, Sector-140, Phase-2, Nepz Post Office, Gautam Buddha Nagar, Dadri, 201305, Uttar Pradesh, India |
| Email Id | info@clnenergy.in |
| Phone No | +91 75799 06940 |
CLN Energy Valuation
All the valuations are in crores(Cr) INR for the Capital Numbers Infotech IPO valuation. If you want to see more detail on the IPO then follow my blog here.
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2022 March | 62.05 | 121.7 | 3.64 |
| 2023 March | 109.62 | 128.88 | 0.73 |
| 2024 March | 113.27 | 132.86 | 9.79 |
| 2024 Sep | 119.73 | 75.84 | 4.64 |