CLN Energy Ltd IPO
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CLN Energy Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 28.92 L | TBA | ₹ 9.58 L | ₹ 76.61 L | BSE | ₹ 72.3 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 23 Jan, 25 | 27 Jan, 25 | 600 | ₹ 1,41,000 | Book Building - SME | 30 Jan, 25 |
CLN Energy Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Dry Cells |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0.43x | 1368000 | 587400 |
| NII | 8.98x | 410400 | 3685200 |
| Retail | 6.55x | 957600 | 6268200 |
| Employee | 0x | 0 | 0 |
| Total | 3.64x | 2892000 | 10540800 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
CLN Energy Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 18.67 | 6.68 | 6.36 |
| EBITDA | 25.10 | 12.45 | 7.70 |
| PAT | 9.79 | 0.73 | 3.64 |
| Total Assets | 94.69 | 85.74 | 49.65 |
| Share Capital | 3.41 | 1.14 | 1.14 |
| Total Borrowings | 30.64 | 26.86 | 3.93 |
| Operating Activities (Net Cash) | 16.22 | 6.50 | 4.98 |
| Investing Activities (Net Cash) | 0.00 | -2.97 | -6.00 |
| Financing Activities (Net Cash) | 30.64 | 26.86 | 3.93 |
| Net Cashflow | 3.79 | 1.75 | 0.99 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About CLN Energy Ltd
CLN Energy Limited was originally incorporated as JLNPhenix Energy Private Limited on October 01, 2019 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Kanpur with CIN U29309UP2019PTC121869. Subsequently, the name of our Company was changed to CLN Energy Private Limited vide special resolution passed by the shareholders of our Company in their meeting held on September 29, 2022 and a fresh Certificate of Incorporation consequent to the change of name was granted to our Company on May 08, 2023, by the Registrar of Companies, Kanpur. Further, our Company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of our Company in their meeting held on April 04, 2024 and the name of our Company was changed to CLN Energy Limited and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated June 18, 2024, was issued by Central Processing Centre bearing CIN: U33100UP2019PLC121869.
The global lithium-ion battery market, valued at USD 54.4 billion in 2023, is expected to grow at a 20.3% CAGR through 2030, driven by rising EV registrations.
Our company manufactures custom lithium-ion batteries, motors, and powertrain components for EVs, including controllers and converters. We offer B2B solutions for mobility and stationary applications under the CLN ENERGY brand.
Peer Comparison:
- Eveready Industries India Ltd
- Panasonic Energy India Company Ltd
- High Energy Batteries (India) Ltd
- Indo National Ltd
CLN Energy Ltd IPO Key Points
Strengths
- State of Art manufacturing facilities.
- Well educated and experienced team of Professionals.
- Long-term relation with our customers.
- In-house Research and Development team.
- Providing critical business solution and manufacturing customised products.
Risk
- The Company, Group Companies, Promoters and Directors are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The company derives a significant portion of its revenue from the sale of batteries, cells and motor and controller and any reduction in demand or in the manufacturing of such products could have an adverse effect on its business, results of operations and financial condition.
- The company has not entered into any agreement with the suppliers of machinery and equipment as specified in the objects of the Issue. Further the amount allocated for purchases of machinery and equipment are based on the quotation received from suppliers.
Strategy
- Capacity Enhancement Strategy.
- Augment capital base for adequate working capital.
- Expand our product portfolio to cater requirements of other applications.
- Continue to invest in our capabilities of providing critical business solution, manufacturing product with advanced technology and environment friendly components.
- State of Art manufacturing facilities.
- Well educated and experienced team of Professionals.
- Long-term relation with our customers.
- In-house Research and Development team.
- Providing critical business solution and manufacturing customised products.
How To Apply for CLN Energy Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
