Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
CLN Energy IPO
Price Band
₹235.0–250.0
Issue Size
₹72.3 Cr
Lot Size
600 shares
Min Investment
₹150,000
GMP
—
Issue Price
₹250.0
CLN Energy IPO AI Summary
- CLN Energy IPO is listed on BSE SME.
- Price band: ₹235.0–₹250.0 per share, lot size 600 shares (min. investment ₹150,000).
- Subscription window: 23 Jan–27 Jan 2025, listing on 30 Jan 2025.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
CLN Energy IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Jan 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
CLN Energy IPO Grey Market Premium (GMP) Today
GMP not available yet
Grey Market Premium is updated daily. Check back closer to the listing date.
About the Company
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 State of art manufacturing facilities at Pune and Noida Well well-educated and experienced team of Professionals Long-term relation with our customers In-house Research and Development team Providing critical business solutions and manufacturing customised products Consistent track record of financial performance.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹12.78
NAV
₹39.28
ROE
115%
ROCE
91.55%
RoNW
73.19%
P/E Ratio
19.57
Market Cap
₹263.83 Cr
PAT Margin
7.38%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Indo National Limited | 314.91 | 6.2% | 42.87 | 12.83 | 12.83 |
| High Energy Batteries (india) Ltd. | 97.84 | 19.56% | 31.94 | 19.14 | 19.14 |
| Panasonic Energy India Company Ltd. | 137.03 | 11.33% | 29.01 | 15.52 | 15.52 |
| Eveready Industries India Ltd. | 53.21 | 17.26% | 41.57 | 9.18 | 9.18 |
| CLN Energy Limited This IPO | 39.28 | 73.19% | 19.57 | 12.78 | 12.78 |
Promoters
Rajiv Seth and CLN Energy Pte.Ltd.
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹121.70 Cr in the year ending March 31, 2022, followed by ₹128.88 Cr in the year ending March 31, 2023, and then ₹132.86 Cr in the year ending March 31, 2024. However, for the period ending September 30, 2024, total income decreased to ₹75.84 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Profit Trend
Profit after tax was ₹3.64 Cr for the year ending March 31, 2022, which increased to ₹0.73 Cr in the year ending March 31, 2023. It further rose to ₹9.79 Cr in the year ending March 31, 2024. For the period ending September 30, 2024, profit after tax was ₹4.64 Cr, though this is a 9-month figure, not a full year, so isn't directly comparable.
Valuation
Priced at roughly 19.57 trailing earnings, versus peers trading at a P/E range of 29.01 to 42.87.
Grey Market Premium, Explained
The grey market refers to the unofficial trading of shares before they are listed on the stock exchange. It can provide an indication of the expected demand for an IPO based on the trading price of the shares in this unofficial market.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's fundamentals and market conditions before making a decision.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies may want to avoid this IPO, as it operates in a rapidly evolving sector and may experience fluctuations.
IPO Timeline, Explained
The IPO opens for subscription on January 23, 2025, and closes on January 27, 2025. Allotment of shares will be finalized by January 28, 2025, with the listing date set for January 30, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make when shares are listed on the stock exchange and trade at a higher price than the IPO price. However, there is no guarantee of listing gains, as market conditions can fluctuate significantly on the day of listing.
This evaluation is generated from CLN Energy's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is the price band of CLN Energy IPO?
The price band of CLN Energy IPO is ₹235.0–₹250.0 per share.
When does CLN Energy IPO open and close?
CLN Energy IPO opens on 23 January 2025 and closes on 27 January 2025.
When does CLN Energy IPO list on the stock exchange?
CLN Energy IPO listed on 30 January 2025 at ₹250.0.
What is the lot size for CLN Energy IPO?
The lot size for CLN Energy IPO is 600 shares, requiring a minimum investment of ₹150,000.
What is the price band for the IPO?
The price band for the IPO is ₹235 to ₹250.
What is the lot size for this IPO?
The lot size for this IPO is 600 shares.
What is the minimum investment required?
The minimum investment required is ₹150,000.
When will the IPO open and close?
The IPO will open on January 23, 2025, and close on January 27, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the stock in the grey market before it is officially listed.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
23 Jan 2025
Close
27 Jan 2025
Allotment
28 Jan 2025
Listing
30 Jan 2025
Similar IPOs
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for CLN Energy?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.