CLN Energy came to market through an SME IPO that opened on 23 January 2025 and closed on 27 January 2025, and the shares listed on 30 January 2025 on BSE SME. The price band was ₹235 to ₹250 per share and one lot was 600 shares, so the minimum application was ₹1,50,000. The issue size was ₹72.3 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Aryaman Financial Services Limited was the lead manager.
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CLN Energy Limited is an incorporated company in 2019, which manufactures customized lithium-ion batteries and motors and sells powertrain components for electric vehicles. This includes controllers, throttles, DC-DC converters, displays, and differentials. The company offers B2B solutions for electric vehicles and stationary applications such as solar, ESS, and telecommunications. The company manufactures various components for electric vehicles, such as motors, controllers, 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 which is Noida and the other one in Pune, Maharashtra The manufacturing facilities are ISO certified with QMS 9001:2015, EMS 14001:2015 & OHSAS 45001:2018. As of 30th September 2024, the company had 155 permanent employees and 286 employees on a contract basis.
As described in the offer document.
| Metric | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
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CLN Energy Pte. Ltd, Rajiv Seth. Promoter holding 99.99% before the issue and 72.54% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
CLN Energy IPO was a ₹72.3 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹235–₹250 per share with a lot size of 600 shares (₹1,50,000). The IPO was open from January 23 to January 27, 2025. Shares listed on BSE SME on January 30, 2025 at ₹256, a 2.4% premium to the issue price of ₹250. Bigshare Services Pvt Ltd is the registrar. Aryaman Financial Services Limited is the book running lead manager.
The price band of CLN Energy IPO is ₹235 to ₹250 per share.
The lot size of CLN Energy IPO is 600 shares.
The minimum investment for CLN Energy IPO is approximately ₹1,50,000 based on the upper price band.
The allotment date of CLN Energy IPO is Jan 28, 2025.
You can check CLN Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the CLN Energy IPO allotment status on Rupix for quick and easy access.
₹235 to ₹250 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,50,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,50,000, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 23 January 2025 and closed on 27 January 2025.
The basis of allotment was published on 28 January 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 30 January 2025 on BSE SME.
The issue size was ₹72.3 crore. The fresh issue was 28,92,000 shares (aggregating up to ₹72.3 crore).