Alice Blue Home
URL copied to clipboard

Trending News

CLN Energy : CLN Energy shares get listed at 2.4% premium!

CLN Energy shares debuted on BSE SME at ₹256, 2.4% above the ₹250 IPO price. The muted listing fell short of expectations, reflecting limited investor enthusiasm.
CLN Energy shares listed at ₹256, just 2.4% above issue price.
CLN Energy shares listed at ₹256, just 2.4% above issue price.

CLN Energy shares had a subdued listing on the BSE SME platform on January 30, opening at ₹256, reflecting a modest 2.4% premium over its IPO price of ₹250. The stock’s debut remained below market expectations, indicating limited initial investor enthusiasm.

Alice Blue Image

CLN Energy Ltd IPO saw a strong response on Day 3, with an overall subscription of 5.42 times. The non-institutional investor (NII) category was the highest at 8.6 times, followed by retail investors at 6.55 times, while Qualified Institutional Buyers (QIBs) subscribed 1.07 times.

Also Read: Stocks To Watch For Budget 2025

CLN Energy Limited, established in 2019, specializes in manufacturing lithium-ion batteries, motors, and powertrain components for electric vehicles. With ISO-certified facilities in Noida and Pune, it offers B2B solutions for EVs and stationary applications. The company employs 155 permanent and 286 contract workers, promoting innovation and sustainability.

Also Read: Best Sectors To Watch For Budget 2025

CLN Energy Ltd aims to invest in advanced machinery, allocate ₹9.71 crore for its Noida facility, ₹41.22 crore for working capital, and fund strategic initiatives, branding, partnerships, and operational efficiency to support business growth in mobility and energy storage solutions.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

Loading
Submit the form, and get to know how you scored!!!

Gainers & Losers

Read More News

*T&C apply