CLN Energy IPO Allotment Status

Summary

CLN Energy Limited, established in 2019, is a specialized manufacturer of customized lithium-ion batteries and motors for electric vehicles. The company operates two ISO-certified manufacturing facilities in Noida and Pune, offering comprehensive B2B solutions for electric vehicles and stationary applications. With 155 permanent employees and 286 contract employees as of September 2024, the company has established itself as a leading provider of powertrain components under the "CLN Energy" brand.
 

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The company has launched its IPO with a total issue size of ₹72.30 crore, which is entirely a fresh issue. The IPO opened on January 23, 2025, and closed on January 27, 2025. The allotment date for the CLN Energy IPO is set for Tuesday, January 28, 2025.

Steps to Check CLN Energy IPO Allotment Status on Registrar Site

• Visit Bigshare Services Pvt Ltd website.
• Select "CLN Energy IPO" from the dropdown menu on the allotment status page.
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field.
• Complete the captcha verification process and click on the "Submit" button to view your allotment status.

Steps to Check CLN Energy IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page.
• Choose "CLN Energy IPO" from the list of active IPOs in the dropdown menu.
• Input your Application Number and PAN ID in the required fields.
• Verify the captcha and click "Search" to check your allotment status.

CLN Energy Subscription Status 

The CLN Energy IPO received moderate investor interest, being subscribed 5.42 times overall. Here is a category-wise breakdown of the subscription as of 5:04:49 PM on January 27, 2025:

• Retail Category: 6.55 times
• Qualified Institutional Buyers (QIB): 1.07 times
• Non-Institutional Investors (NII): 8.6 times

As of 5:04:49
 

Utilisation of IPO Proceeds

The funds raised through the IPO will be utilized as follows:

• Equipment Purchase: Acquisition of machinery and equipment for manufacturing facilities.
• Working Capital: Funding working capital requirements for business operations.
• General Corporate Purposes: Supporting various business objectives and operational needs.

CLN Energy IPO - Listing Details 

The shares are scheduled to list on January 30, 2025, on BSE SME. The subscription rate of 5.42 times shows moderate investor interest in CLN Energy's business model and growth prospects. The company has demonstrated steady financial performance with revenue of ₹132.86 crore in FY24. Their state-of-the-art manufacturing facilities, experienced team, and focus on research and development position them well for future growth. Investors can check their allotment status through the registrar's website or BSE on January 28, 2025. The shares are set to debut on January 30, 2025, marking an important milestone in the company's journey to expand its electric vehicle component manufacturing business across India.