CLN Energy IPO is a 100% book-built issue. It includes a fresh issue of up to 28,92,000 equity shares of ₹10 each, aggregating up to ₹72.30 crore. The IPO is open for subscription from today i.e. January 23, 2025, and is closing soon on January 27, 2025. The allotment is expected to be finalised on January 30, 2025, with a tentative listing date of February 2, 2025, on the BSE SME platform.
The IPO price will be set within a price band of ₹235 to ₹250 per share. Retail investors can apply for a minimum investment of ₹1,50,000 for one lot, while HNI investors must apply in at least two lots, amounting to ₹3,00,000.
Aryaman Financial Services Limited is the book-running lead manager for this issue, while Bigshare Services Private Limited serves as the registrar. Aryaman Capital Markets Limited is the market maker.
For detailed financial and operational information, investors can refer to the CLN Energy IPO RHP. This IPO presents an opportunity to invest in a growing enterprise listed on the SME platform of the BSE.
Industry Outlook
- India’s renewable energy market is set for significant growth, supported by a target to achieve 500 GW of non-fossil fuel capacity by 2030. The battery energy storage system (BESS) market is projected to grow at a CAGR of over 25% by 2030, driven by clean energy projects and the rising adoption of electric mobility.
- Initiatives like the Production Linked Incentive (PLI) scheme and FAME-II are fostering advancements in renewable energy and electric vehicles. The penetration of electric vehicles in India is expected to reach 30% of total vehicle sales by 2030, boosting demand for advanced energy storage systems.
CLN Energy IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Funds will be utilised to expand production facilities and integrate advanced technologies for developing lithium-ion batteries and energy storage solutions.
- A portion of the proceeds will be directed toward reducing outstanding liabilities to strengthen the company’s financial position.
- Investments will be made in research and development to innovate advanced chemistry cells and battery management systems.
- The remaining funds will support day-to-day operations, working capital requirements, and strategic initiatives.
About CLN Energy Limited
CLN Energy Limited, originally incorporated as JLNPhenix Energy Private Limited on October 1, 2019, transitioned into a public limited entity on June 18, 2024. Headquartered in Gautam Buddha Nagar, Uttar Pradesh, the company specialises in developing advanced battery technologies and energy storage systems.
Initially focused on manufacturing lithium-ion batteries, CLN Energy has expanded its portfolio to include energy storage systems (ESS) for renewable projects and customised solutions for industrial applications. The company’s innovative approach supports key sectors like electric vehicles (EVs), renewable energy, and industrial power backup systems.
With state-of-the-art production facilities and a robust research and development (R&D) setup, CLN Energy ensures high-quality manufacturing processes for advanced chemistry cells and battery management systems. The company’s end-to-end solutions encompass design, production, and deployment, ensuring timely delivery and client satisfaction.
Operating on a B2B model, CLN Energy collaborates with government agencies and private sector leaders to deliver cutting-edge energy solutions across India. The company is committed to driving sustainable growth and supporting India’s clean energy transition.
How To Check the Allotment Status of the CLN Energy IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for CLN Energy IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the CLN Energy IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of CLN Energy IPO
Registered office: Plot-18, Sector-140, Phase-2, NEPZ Post Office,
Gautam Buddha Nagar, Dadri - 201305, Uttar Pradesh, India
Phone: +91 75799 06940
E-mail: ipo@clnenergy.in
CLN Energy IPO Reservation
|
Investor Category |
Shares Offered |
|
Anchor Investor Shares |
8,20,800 (28.38%) |
|
Market Maker Shares |
1,56,000 (5.39%) |
|
QIB Shares |
5,47,200 (18.92%) |
|
NII (HNI) Shares |
4,10,400 (14.19%) |
|
Retail Shares |
9,57,600 (33.11%) |
CLN Energy IPO Anchor Investors Details
|
Bid Date |
January 22, 2025 |
|
Shares Offered |
8,20,800 |
|
Anchor Portion Size (In ₹ Cr.) |
20.52 |
|
Anchor lock-in period end date for 50% shares |
February 27, 2025 |
|
Anchor lock-in period end date for remaining shares |
April 28, 2025 |
CLN Energy IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
600 |
₹1,50,000 |
|
Retail (Max) |
1 |
600 |
₹1,50,000 |
|
HNI (Min) |
2 |
1200 |
₹3,00,000 |
CLN Energy IPO Promoter Holding
The promoters of the company are CLN Energy Pte. Ltd. and Rajiv Seth.
|
Share Holding Pre-Issue |
99.99% |
|
Share Holding Post Issue |
72.54% |
Key Performance Indicators for CLN Energy IPO
As of March 31, 2024, the market capitalisation of CLN Energy's IPO is ₹263.83 crore. Here are the KPIs of CLN Energy:
|
KPI |
Value |
|
RoE (%) |
115.44 |
|
RoCE (%) |
91.55 |
|
EBITDA Margin (%) |
14.07 |
|
PAT Margin (%) |
7.38 |
Price Metrics
|
Metric |
Pre-IPO |
Post-IPO |
|
EPS (₹) |
12.78 |
9.28 |
|
P/E (x) |
[●] |
[●] |
Note: CLN Energy Limited’s pre-IPO EPS is based on pre-issue shareholding and FY earnings as of March 31, 2024. Post-IPO EPS considers post-issue shareholding and annualised earnings as of September 30, 2024, offering insights into earnings per share before and after the IPO.
CLN Energy IPO Prospectus
CLN Energy IPO Registrar and Lead Managers
CLN Energy IPO Lead Managers
- Aryaman Financial Services Limited
Registrar for CLN Energy IPO
Bigshare Services Private Limited
- Contact Number:+91-22-62638200
- Email Address: ipo@bigshareonline.com
CLN EnergyIPO Registrar
Financial Performance of CLN Energy Limited
| Financial year | Total Income | Total Expense |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 13,270.86 | 12,881.94 |
| Profit After Tax (PAT) (in ₹ lakh) | 978.85 | 72.87 |
| EBITDA (in ₹ lakh) | 1,866.86 | 667.70 |
| Return on Average Equity (%) | 115.44 | 22.63 |
| Return on Capital Employed (%) | 91.55 | 25.21 |
| Current Ratio (x) | 1.26 | 1.14 |
| Net Worth (in ₹ lakh) | 1,337.34 | 358.49 |
Know before investing
Strengths
8Advanced energy storage systems and customised industrial solutions cater to diverse sectors like EVs and renewable energy.
Three state-of-the-art manufacturing plants enable high-volume, precision-driven production.
Strong collaborations with government and private entities support metro and B2G projects.
Focus on advanced chemistry cells and battery management systems for growing renewable and EV markets.
Robotic automation enhances product quality and operational efficiency.
Global quality and ethical standards establish a trusted brand image.
Strong customer loyalty drives repeat business and sustainable growth.
Systematic warehousing ensures efficient delivery and supports e-commerce growth.
Risks
8Ongoing or future legal proceedings may result in liabilities, penalties, or reputational damage, adversely affecting operations and profitability.
Since the company’s success relies heavily on overcoming challenges in manufacturing, marketing, and ensuring timely delivery, failing in this could impact growth.
Intense competition in the industry may lead to reduced sales, increased inventory levels, and pressure on pricing.
Heavy reliance on unorganised suppliers poses risks of delays, defective materials, or interruptions in the supply chain.
Dependency on Maharashtra for over 80% of raw materials makes the company vulnerable to local disruptions.
Customer-driven pricing pressures may erode profit margins and operational efficiency.
Operations based on rented facilities are subject to risks of lease renewals, disputes, or cancellations.
Concentrated revenue from specific regions increases exposure to adverse local economic or political developments.
CLN Energy Limited Peer Details Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| CLN Energy Limited | 12.78 | 12.78 | [●] | 73.19 |
| Eveready Industries India Ltd. | 9.18 | 9.18 | 41.57 | 17.26 |
| Panasonic Energy India Company Ltd. | 15.52 | 15.52 | 29.01 | 11.33 |
| High Energy Batteries (India) Ltd. | 19.14 | 19.14 | 31.94 | 19.56 |
| Indo National Limited | 12.83 | 12.83 | 42.87 | 6.2 |
