CLN Energy IPO subscription started on Thursday, January 23, 2025, and will close on January 27, 2025, as per the schedule. The price band is set at ₹235 to ₹250 per share with a face value of ₹10.
CLN Energy IPO Subscription Status
CLN Energy IPO Subscribed over 5.42x on its last day till 05.00 PM on 27th January 2025.
- CLN Energy IPO subscription QIB investors portion is 1.07x times, while NII subscribed 8.6x times and RII investors subscribed 6.55x times.
- The company has received bids for 1,03,89,000 shares against 19,15,20 shares on offer on the last day.
- CLN Energy IPO Subscribed over 1.79x on day 1.
- CLN Energy IPO Subscribed over 2.81x on day 2.
About CLN Energy IPO
CLN Energy Limited is famous for its unique thoughts on manufacturing electric components and providing top-notch solutions regarding electric vehicles & stationary applications like energy storage systems (ESS) and telecommunications. CLN Energy was founded in 2019 and started a main business of manufacturing lithium-ion batteries and motors, A part from that, they are also involved in selling electric vehicles such as DC, DC converters, displays, and differentials.
Though they have allocated an R&D team, but they have 30% of the contribution in the development of components that are advanced technologically and environmentally free. Further, they are focused on providing international and national levels of quality services, and through this, they have built confidence and have given the best results. They have advanced manufacturing facilities in Noida (42,000 sqft) and Pune (20,000 sqft) and annual capacity is over 1GWh of battery packs and 120,000 motors for L2, L3, and L5 vehicles.
CLN Energy IPO Company Financial Report
The company reported revenue of ₹132.86 crore in 2024 against ₹128.88 crore in 2023. The company reported a profit of ₹9.79 crores in 2024 against a profit of ₹0.73 crores in 2023.
CLN Energy IPO GMP:
CLN Energy IPO GMP was ₹0 as of Monday, 27th January 2025. That indicates the IPO is trading at ₹250 with ₹0 premium in the grey market against the issue price of ₹250.
