CLN Energy IPO: Comprehensive Details and Analysis
The CLN Energy IPO is scheduled to open on January 23, 2025, and close on January 27, 2025. This Book Built Issue aims to raise ₹72.30 crores through a fresh issue of equity shares. The price band for the IPO is set between ₹235 and ₹250 per share, with the company listing on BSE on January 30, 2025. Below is a detailed breakdown of the IPO, including financial data, objectives, and a summary.
Key Highlights of CLN Energy IPO
| Details | Information |
|---|---|
| IPO Open Date | January 23, 2025 |
| IPO Close Date | January 27, 2025 |
| Face Value | ₹10 per equity share |
| Price Band | ₹235 to ₹250 |
| Issue Size | ₹72.30 crores |
| Issue Type | Book Built Issue |
| Retail Quota | 35% |
| QIB Quota | 50% |
| HNI Quota | 15% |
| Listing Date | January 30, 2025 |
Objectives of the Issue
The funds raised from the IPO will be utilized for:
- Purchasing Machinery and Equipment: Expanding operational efficiency.
- Funding Working Capital Needs: Meeting day-to-day operational expenses.
- General Corporate Purposes: Supporting business growth and sustainability.
Market Lot Details for CLN Energy IPO
Investors can apply in lots, with the minimum lot size for retail investors being 600 shares. Below are the specifics:
| Investor Type | Lot Size | Shares | Amount (₹) |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹1,50,000 |
| Retail Maximum | 1 | 600 | ₹1,50,000 |
| HNI Minimum | 2 | 1,200 | ₹3,00,000 |
Important Dates for CLN Energy IPO
| Event | Date |
|---|---|
| IPO Open Date | January 23, 2025 |
| IPO Close Date | January 27, 2025 |
| Basis of Allotment | January 28, 2025 |
| Refund Initiation | January 29, 2025 |
| Credit to Demat Account | January 29, 2025 |
| IPO Listing Date | January 30, 2025 |
About CLN Energy
CLN Energy Limited, a leading player in the energy sector, focuses on innovative energy solutions and sustainable practices. Founded with the vision to revolutionize energy utilization, the company has grown steadily over the years. Its offerings cater to diverse industries, aligning with global efforts toward renewable and efficient energy usage.
Financial Performance of CLN Energy
The company has shown consistent revenue growth and a notable improvement in profitability over the years.
| Period | Revenue (₹ Cr.) | Expenses (₹ Cr.) | Profit After Tax (₹ Cr.) | Total Assets (₹ Cr.) |
|---|---|---|---|---|
| 2022 | ₹121.70 | ₹116.69 | ₹3.64 | ₹62.05 |
| 2023 | ₹128.89 | ₹121.28 | ₹0.73 | ₹109.62 |
| 2024 | ₹132.86 | ₹120.62 | ₹9.79 | ₹113.27 |
| Sept 2024 | ₹75.84 | ₹68.63 | ₹4.64 | ₹119.73 |
Key Financial Ratios for FY2024
| Metric | Value |
|---|---|
| EBITDA Margin | 14.07% |
| PAT Margin | 7.38% |
| Return on Net Worth (RoNW) | 73.19% |
| Earnings Per Share (EPS) | ₹12.78 |
| Net Asset Value (NAV) | ₹39.28 |
Peer Comparison
| Company | EPS (₹) | PE Ratio | RoNW (%) | NAV (₹) | Revenue (₹ Cr.) |
|---|---|---|---|---|---|
| Eveready Industries India Ltd | 9.18 | 41.57 | 17.26% | 53.21 | 1314.28 |
| Panasonic Energy India Ltd | 15.52 | 29.01 | 11.33% | 137.03 | 292.42 |
| High Energy Batteries (India) | 19.14 | 31.94 | 19.56% | 97.84 | 77.73 |
| Indo National Ltd | 12.83 | 42.87 | 6.20% | 314.91 | 640.60 |
Strengths of CLN Energy IPO
- Strong Financial Growth: Consistent revenue growth with improved profitability.
- High Return on Net Worth: Indicating efficient utilization of equity capital.
- Experienced Promoters: Backed by CLN Energy Pte. Ltd. and Rajiv Seth.
- Sector Expertise: Focus on energy solutions aligns with industry trends.
Registrar and Lead Manager Details
- Registrar: Bigshare Services Pvt Ltd
- Contact: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Lead Manager: Aryaman Financial Services Limited
Summary
CLN Energy IPO presents an excellent opportunity for investors seeking exposure to the energy sector. The company’s steady financial growth, strong market position, and ambitious objectives make it a compelling choice for long-term investment.
FAQs
- What is the price band for the CLN Energy IPO?
The price band is set between ₹235 and ₹250 per share. - When does the IPO open and close?
The IPO opens on January 23, 2025, and closes on January 27, 2025. - What is the lot size for retail investors?
The minimum lot size is 600 shares, amounting to ₹1,50,000. - Where will the IPO be listed?
The IPO will be listed on the BSE on January 30, 2025. - What is the total issue size of the IPO?
The issue size is approximately ₹72.30 crores, entirely through a fresh issue.