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On January 30, 2025, shares of CLN Energy made their debut on the BSE SME platform at ₹256 per share, representing a premium of 2.4% over its IPO price of ₹250 per share. This marks a positive start for the lithium-ion battery manufacturer, reflecting investor confidence in the company’s prospects.

Following the listing, CLN Energy’s stock saw a significant upward movement, rising 5% to hit the upper circuit limit of ₹268.80 per share. This surge indicated strong market interest and investor enthusiasm despite the relatively modest premium over the issue price. Analysts have noted that such strong early performance is indicative of the company’s potential in the fast-growing electric vehicle and energy storage markets.

IPO subscription details

The company’s initial public offering (IPO) was met with a strong response from investors. The issue, which ran from January 23, 2025, to January 27, 2025, was subscribed 5.09 times. CLN Energy successfully raised ₹72.3 crore, with the upper price band set at ₹250 per share. The IPO consisted entirely of a fresh issue of 28.92 lakh shares, with no offer for sale.

Investor demand was particularly high in the retail and non-institutional investor categories. Retail investors subscribed 6.55 times their allotted quota, while non-institutional investors applied for 6.51 times their portion. Qualified institutional buyers showed a slightly lower but still positive interest, subscribing 1.07 times their reserved portion.

Key highlights of the IPO

The IPO was anchored by a ₹20.52 crore allocation, which CLN Energy raised from its anchor investors ahead of the public issue. This allocation helped build confidence among the broader investor community, offering a glimpse into the company’s potential as a key player in the electric vehicle and energy storage sectors.

The company is set to utilise the funds raised through the public issue for several key purposes. These include the purchase of machinery and equipment, working capital requirements, and general corporate purposes. As the electric vehicle industry continues to grow, these investments will help CLN Energy strengthen its position in the market.

Future outlook

Looking ahead, analysts are optimistic about the future of CLN Energy. The company’s focus on providing B2B solutions for electric vehicles, solar energy storage systems, and telecommunications positions it well within the rapidly expanding clean energy and electric vehicle markets. Investors interested in emerging sectors may find the company’s focus on lithium-ion batteries a compelling reason to buy shares online and consider CLN Energy for future growth opportunities.

Stock performance in early trading

By 10:54 AM on January 30, 2025, the stock showed resilience, trading at ₹257.10. This demonstrates steady interest throughout the early trading session and highlights the continued investor confidence in CLN Energy's market prospects.

CLN Energy’s listing at a 2% premium is a promising start for the company and reflects the market’s strong interest in sustainable and clean energy solutions. With a solid subscription rate and strategic use of IPO funds, the company is poised for growth as it seeks to capitalise on expanding opportunities.