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.
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.
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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.
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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.
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