CLN Energy Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the CLN Energy Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹250
Per ShareLot Size
600 Shares
Minimum Investment
₹1,50,000
Issue Size
₹72.3 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
CLN Energy Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.99%
Promoter Holding (Post-Issue)
72.6%
Issue Type
Book Building - SME
ISIN
INE0WDX01010
About the Company
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.
Industry Overview
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.
Company History
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.
Products & Services
- The company manufactures custom lithium-ion batteries, motors, and powertrain components for EVs, including controllers and converters.
Growth 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.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 28,92,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of CLN Energy Limited ("The Company" or "The Issuer") at an issue price of Rs. 250 per equity share (including a share premium of Rs. 240 per equity share) for cash, aggregating upto Rs. 72.30 crores ("Public Issue") out of which 1,56,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 250 per equity share for cash, aggregating Rs. 3.90 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. issue of 27,36,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 250 per equity share for cash, aggregating upto Rs. 68.40 crores is here inafter referred to as the "Net Issue". The public issue and net issue will constitute 27.40% and 25.93% respectively of the post-issue paid-up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The floor price is 25 times of the face value.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- 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.
- 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.
- The company has reported negative net cash flows in the past and may do so in the future.
- The company is dependent on a few suppliers for supply of raw materials and any major disruption to the timely and adequate supplies of its raw materials could adversely affect the company business, results of operations and financial condition.