The CLN Energy IPO is all set to hit the markets on Jan 23, 2025. The company is looking to raise around ₹72.30 crores through this issue. Shares are priced between ₹235 to ₹250 per piece, but as of Jan 20, 2025, there’s no potential signals in the grey market as the GMP (grey market premium) is ₹0. This article breaks down CLN Energy IPO Review everything you need to know about the CLN Energy from the grey market premium to issue details, financials, company background, and whether you should apply or not.
CLN Energy IPO Grey Market Premium
The GMP for CLN Energy’s IPO is currently ₹0 (as of Jan 22, 2025), which kinda shows that there’s no hype in the unofficial market.
CLN Energy IPO Details
Here’s a quick look at the IPO details:
| Particulars | Details |
|---|---|
| IPO Open Date | Jan 23, 2025 |
| IPO Close Date | Jan 27, 2025 |
| Face Value | ₹10 per share |
| IPO Price Band | ₹235 – ₹250 per share |
| Issue Size | ₹72.30 crores |
| Fresh Issue | ₹72.30 crores |
| Offer for Sale (OFS) | Not disclosed |
| IPO Type | Book Built Issue |
| Listing Platform | BSE SME |
| Retail Investor Quota | Max 35% |
| QIB Quota | Max 50% |
| NII Quota | Max 15% |
| Minimum Investment | ₹1,50,000 (600 shares) |
| Market Lot | 600 shares |
| Allotment Date | Jan 28, 2025 |
| Refund Initiation Date | Jan 29, 2025 |
| Demat Credit Date | Jan 29, 2025 |
| Listing Date | Jan 30, 2025 |
IPO Objectives
The IPO funds will be used for:
- Buying new machinery and equipment.
- Funding working capital needs.
- General corporate stuff.
CLN Energy: About the Company
Started in 2019, CLN Energy focuses on making custom lithium-ion batteries, EV motors, and powertrain components. Their products cater to both mobility and stationary sectors under their own brand name. They’ve got ISO-certified facilities in Noida and Pune and employ 441 workers.
Products and Services
Their main products include:
- Lithium-ion batteries.
- Motors for electric vehicles.
- Powertrain components like controllers and converters.
Financial Results (Last 2 Years)
| Metric | 2023 | 2024 |
|---|---|---|
| Revenue | ₹128.88 crores | ₹132.86 crores |
| Profit After Tax | ₹0.73 crores | ₹9.79 crores |
| Net Worth | – | ₹18.01 crores |
| Total Assets | – | ₹119.73 crores |
| Borrowings | – | ₹6.78 crores |
Should You Apply for CLN Energy IPO?
Honestly, it’s a mixed bag. The company’s financial growth looks promising – they’ve grown their revenue and profit quite well. Plus, their borrowings are manageable, which shows they’re not drowning in debt.
But on the flip side, the grey market isn’t too excited about this IPO, as the GMP is ₹0. This could mean the broader market isn’t too hyped. Also, the EV sector has tough competition, so keep that in mind.
Final verdict: If you’re okay with a calculated risk, this could be a decent investment. If you’re looking for guaranteed gains, maybe sit this one out.
Top 5 FAQs
- What is the GMP for CLN Energy IPO today?
As of Jan 20, 2025, the GMP is ₹0. - What is the price band for this IPO?
The price band is ₹235 to ₹250 per share. - When will CLN Energy IPO list on the stock exchange?
It’s expected to list on Jan 30, 2025. - What is the minimum investment amount?
You need to invest at least ₹1,50,000 (600 shares). - Should I apply for this IPO?
That depends on your risk appetite. The financials look good, but the GMP isn’t giving positive vibes.
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