₹ 150000
₹235- ₹250
600
₹256
2
27 Jan 2025
Download29 Jan 2025
30 Jan 2025
Application Details
The IPO of CLN Energy Limited is scheduled to open on January 23, 2025, and close on January 27, 2025. This book-built issue IPO features a price band of ₹235 to ₹250 per share with a face value of ₹10 per share. Investors can bid in lots of 600 shares. The total issue size comprises 28,92,000 shares, amounting to ₹72.30 crore, all of which are part of a fresh issue. The IPO will be listed on the BSE SME platform.
Key dates for the IPO include the basis of allotment announcement on January 28, 2025, initiation of refunds on January 29, 2025, and credit of shares to demat accounts on the same day. The listing of CLN Energy Limited's shares is scheduled for January 30, 2025.
About CLN Energy Limited (SME IPO)
Incorporated in 2019, CLN Energy Limited specializes in the manufacturing of customized lithium-ion batteries and motors. The company also deals in powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials. It caters primarily to B2B clients, offering solutions for electric vehicles and stationary applications such as solar energy systems, energy storage systems (ESS), and telecommunications.
CLN Energy manufactures a wide range of components for electric vehicles, including motors, controllers, battery management systems (BMS), throttle bodies, and DC-DC converters. These products are sold under the “CLN Energy” brand, which also includes lithium-ion battery packs and other powertrain components.
The company operates two ISO-certified manufacturing facilities, one located in Noida and the other in Pune, Maharashtra. These facilities comply with QMS 9001:2015, EMS 14001:2015, and OHSAS 45001:2018 standards, ensuring high-quality production processes and adherence to environmental and occupational safety norms.
FAQ
IPO stands for "Initial Public Offering." It's the process through which a privately-held company becomes publicly traded by offering its shares to the general public and listing them on a stock exchange for trading. This allows the company to raise capital from investors and grants individuals and institutions the opportunity to invest in and own a portion of the company.
The life cycle of an IPO, or Initial Public Offering, begins with a company's decision to go public. It involves hiring underwriters, registering with regulatory authorities, determining the IPO price, marketing to investors, and the subscription period where investors place orders for shares. After allocation and listing, shares become publicly tradable, and the company enters the secondary market. Ongoing reporting and corporate governance are crucial as the company continues to operate as a publicly-traded entity. The IPO aims to raise capital for growth and provides investors with opportunities to trade shares in the company.
An IPO (Initial Public Offering) is when a private company goes public by selling shares to the public. Investors buy these shares, giving them ownership in the company. It's a way for companies to raise capital and expand. The process involves underwriters, regulatory filings, setting the IPO price, and marketing to investors. After the IPO, shares can be traded on a stock exchange. IPOs offer opportunities and risks, so investors should research and consider carefully.
"Upcoming IPOs" refers to initial public offerings that have been announced by private companies but have not yet occurred. These are companies that plan to go public in the near future by issuing shares to the public and listing them on a stock exchange. Investors often keep an eye on upcoming IPOs as they represent opportunities to invest in companies at their early stages of public trading, potentially capturing growth potential. These offerings are typically accompanied by significant media and investor attention as they approach their launch dates.