24 Feb, EOD - Indian

Nifty 50 22553.35 (-1.06)

Nifty Bank 48651.95 (-0.67)

Nifty IT 39446.6 (-2.71)

24 Feb, EOD - Global

NIKKEI 225 38776.94 (0.26)

HANG SENG 23341.61 (-0.58)

S&P 6028.06 (0.17)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(30 Jan 2025, 13:10)

BSE SME CLN Energy makes a decent debut

Shares of CLN Energy were trading at Rs 252.50 on the BSE, a premium of 1% compared with the issue price of Rs 250.


The scrip was listed at 256, at a premium of 2.4% compared with the initial public offer (IPO) price.

The counter hit a high of Rs 268.80 and a low of Rs 252.50. About 4.52 lakh shares of the company changed hands at the counter.

CLN Energy’s IPO was subscribed 5.09 times.. The issue opened for bidding on 23 January 2025 and it closed on 27 January 2025. The price band of the IPO was set at Rs 235 to Rs 250 per share.

The IPO comprised fresh issue of 20,71,200 equity shares. The promoter and promoter group shareholding diluted to 72.54% from 99.99% pre-issue.

The company intends to utilize the net proceeds to meet working capital requirements, purchase of machinery and equipment and general corporate purposes.

Ahead of the CLN Energy on 22 January 2024, raised Rs 20.52 crore from anchor investors. The board allotted 8.20 lakh shares at Rs 250 per share to 3 anchor investors.

CLN Energy specializes in the manufacturing of customized lithium-ion batteries, motors, and powertrain components for electric vehicles, including controllers, throttles, DC-DC converters, displays, and differentials. The company provides B2B solutions for a variety of applications, including electric two, three-, and four-wheelers, with a focus on traction applications, as well as stationary solutions for solar, energy storage systems (ESS), and telecommunications. Additionally, CLN Energy offers tailored solutions for diverse applications where lithium-ion battery packs are utilized. The company's products, including lithium-ion battery packs, motors, and powertrain components, are sold under the CLN Energy brand. As on 30 September 2024, the company had 155 employees on payroll and 286 employees on contract basis.

The company recorded revenue from operations of Rs 74.82 crore and net profit of Rs 4.63 crore for the period as of 30 September 2024.

More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @2025 Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +