CLN Energy IPO Upcoming
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Schedule of CLN Energy
| Issue open date | 23 Jan 2025 |
| Issue close date | 27 Jan 2025 |
| UPI mandate deadline | 27 Jan 2025 (5 PM) |
| Allotment finalization | 28 Jan 2025 |
| Refund initiation | 29 Jan 2025 |
| Share credit | 29 Jan 2025 |
| Listing date | 30 Jan 2025 |
| Mandate end date | 11 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 27 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About CLN Energy
CLN Energy Limited, established in 2019, is a leading manufacturer of customized Lithium-ion Batteries, motors, and powertrain components, dedicated to reducing carbon emissions and promoting sustainability. The company provides B2B solutions for a wide range of applications, including electric two, three, and four-wheelers, as well as stationary applications like solar, energy storage systems, and telecommunications. CLN Energy offers unique and customized battery packs for various applications and sells its products under the CLN ENERGY brand, catering to the growing demand for electric vehicles and sustainable energy solutions.
Financials of CLN Energy
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹72.30 crores |
| Fresh Issue | ₹72.30 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of machinery and equipment | 9.71 (13.43%) |
| Funding Working capital requirements | 40.22 (55.63%) |
| General corporate purposes | 22.37 (30.94%) |
Strengths
- State of Art manufacturing facilities
- Well educated and experienced team of Professionals
- Long-term relation with our customers
- In-house Research and Development team
- Providing critical business solution and manufacturing customised products
- Consistent track record of financial performance
Risks
- Revenue relies heavily on sales of batteries, cells, motors, and controllers.
- Risk of future cash flow losses, consistent with past trends.
- Dependence on a few suppliers increases the vulnerability to supply chain disruptions.
- Success depends on ongoing advancements in technology, processes, and products.
- Safeguarding technical knowledge is vital to preserving the competitive edge.
Allotment Status for CLN Energy
To check your allotment status – click here.