CLN Energy IPO Allotment Status: Check GMP Details, Steps to Verify
CLN Energy Limited IPO allotment is scheduled for today, January 28, 2025. Founded in 2019, CLN Energy is a manufacturer of lithium-ion batteries and motors, along with providing a range of powertrain components for electric vehicles. The IPO for CLN Energy Limited was open for bidding from January 23, 2025 to January 27, 2025. The IPO will be listed on the BSE, with the tentative listing date scheduled for Thursday, January 30, 2025.
Steps to Check CLN Energy Limited IPO Allotment Status on BSE
Here is the process to check CLN Energy Limited IPO Allotment Status on BSE
- Open the Application Status page of BSE here.
- Choose 'equity' as the issue type.
- Select 'CLN Energy Limited’ from the list of companies.
- Enter your IPO application number and PAN details.
- Verify the captcha by clicking on the 'I am not a Robot' box.
- Click on the submit button to check the details of the share allotment.
IPO Details
The CLN Energy Limited IPO was open for bidding from January 23, 2025, to January 27, 2025, with the allotment scheduled today, Tuesday, January 28, 2025. The IPO, priced within a band of ₹235 to ₹250 per share, is set to list on the BSE, with the listing date scheduled for Thursday, January 30, 2025.
Use of Proceeds
The company will utilise the net proceeds from the issue for the purchase of machinery and equipment, funding of working capital requirements and other general corporate purposes.
CLN Energy Limited IPO - Overall Subscription Status
(January 27, 2025, end of the day)
The CLN Energy Limited IPO was oversubscribed by 5.42 times by the end of the subscription period, as per data available on the BSE. Retail investors subscribed 6.55 times, and non-institutional investors (NII) subscribed 8.6 times to the public issue, followed by Qualified Institutional Buyers (QIBs), who subscribed 1.07 times.
CLN Energy Limited IPO GMP (Grey Market Premium) Details
The GMP (Grey Market Premium) for the CLN Energy Limited IPO currently stands at nil as of Tuesday, January 28, 2025, 9:24 AM, according to Business Standard. As per the current CLN Energy Limited GMP trends, the company's shares are likely to have a flattish to negative listing.
CLN Energy Limited Business Overview
Established in 2019, CLN Energy Limited has rapidly emerged as a prominent manufacturer of lithium-ion batteries and motors, along with providing a range of powertrain components for electric vehicles. The company also manufactures components like controllers, throttles, DC-DC converts, displays, and differentials. It caters to B2B clients, offering solutions for mobility applications (electric two-wheelers, three-wheelers and four-wheelers), stationary applications (solar energy systems, energy storage systems), and telecommunications.
Disclaimer: The GMP (Grey Market Premium) price is unauthenticated market-related news and has no discernible basis. The same quoted above is as per news that appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade or deal in the grey market, nor do we recommend or endorse trading in the grey market.