CLN Energy started in October this year and its vision is to be a lithium-ion battery pack maker supplier of electric vehicles as well as a manufacturing company of motors and powertrain solution, controller, throttle, DC-DC converter, display, and differential.
It offers B2B mobility and non-mobility products that include electric scooters, electric three-wheelers, electric four-wheelers, Solar Power series, Telecom Power, Energy Storage Systems, etc. On the lithium ion battery packs, CLN energy has definite and diverse plans for some applications. At the moment, some of the key products that they offer under CLN Energy are Lithium-ion Battery packs, Motors, and Powertrains.
IPO Details
- Open Date: January 23, 2025
- Close Date: January 27, 2025
- Allotment Date: January 28, 2025
- Listing Date: January 30, 2025
- Issue Price: ₹235 to ₹250 per equity share
- Market Lot: 600 shares (minimum investment of ₹150,000)
- Total Issue Size: Approximately 28,92,000 shares, aggregating up to ₹72.30 crore
- Registrar: Bigshare Services Pvt Ltd
- Lead Manager: Aryaman Financial Services Limited
At the moment, CLN Energy enjoys operational capacities with two power plants in Noida, the state of Uttar Pradesh, and one in Pune, the state of Maharashtra. In all the above setup, they have cell grading 168MWH per year, cell sorting which is 358 MWH per year, manufacturing, MWH 130 per year and battery testing particularly two wheeler battery MWH 72 per year.
For other batteries, grading capacity varies from 20 M Wh – 41 M Wh, sort capacity varies from 75 M Wh – 110 M Wh, manufacturing capacity varies from 75 M Wh – 115 M Wh while the other batteries testing capacity is 41 M Wh. From another factory that will be developed in Noida, it will also be able to produce up to fifty thousand motors per annum.
During the conducting of this report, CLN Energy company has a distributing partner on the products that the company deals with, like batteries, power trains, chargers, BESS inverters, and solar panels, where the company is estimated to have nearly about 112 distributing partners.
The company even has branches in several States, including Uttar Pradesh, Punjab, Haryana, Delhi, Rajasthan, Jharkhand, Madhya Pradesh, Uttrakhand, Bihar, and West Bengal.
Grey Market Premium (GMP)
As of January 18, 2025, CLN Energy’s IPO is witnessing a positive sentiment in the grey market, with a GMP reported around ₹30. This premium indicates that investors are optimistic about the stock’s performance upon listing, reflecting confidence in the company’s growth potential and market position.