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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹72.30 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹72.30 Cr |
| Fresh Issue | ₹68.40 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹235.00-250.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544347 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Aryaman Financial Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 600 shares and in multiples thereof
Incorporated in 2019, CLN Energy Limited manufactures customized lithium-ion batteries and motors, and it deals in powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials.
The company offers B2B solutions for electric vehicles and stationary applications like solar, energy storage systems (ESS), and telecommunications.
The company manufactures a range of components for electric vehicles, including motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters.
The company sells Lithium-ion Battery Packs, motors and powertrain components under the “ CLN Energy” brand
The company has two manufacturing facilities, one in Noida and the second one in Pune, Maharashtra.
The manufacturing facilities are ISO certified has QMS 9001:2015, EMS 14001:2015 & OHSAS 45001:2018 certifications.
As of September 30, 2024, the company had 155 permanent employees and 286 employees on a contract basis.
Competitive Strengths
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of machinery and equipment | 9.71 |
| 2 | Funding working capital requirements of the Company | 40.22 |
| 3 | General Corporate Purposes | 17.84 |
| 4 | Issue expenses | 4.53 |
| Total | 72.30 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 119.73 | 113.27 | 109.62 | 62.05 |
| Total Income | 75.84 | 132.86 | 128.88 | 121.70 |
| Profit After Tax | 4.64 | 9.79 | 0.73 | 3.64 |
| NET Worth | 18.01 | 13.37 | 3.58 | 2.86 |
| Reserves and Surplus | 10.35 | 9.97 | 2.45 | 1.72 |
| Total Borrowing | 6.78 | |||
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 115% |
| ROCE | 91.55% |
| RoNW | 73.19% |
| PAT Margin | 7.38% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 12.78 | 9.28 |
| P/E (x) | 19.57 | 26.95 |
| Promoter Holding | 99.99% | 72.6% |
| Market Cap | ₹263.83 Cr. | |
