CLN Energy shares list at 2% premium over IPO price on BSE SME platform

The shares of CLN Energy debuted with a premium of 2.4% on the BSE SME platform on Thursday. Shares of the company listed at Rs 256 over its IPO price of Rs 250.

The company's shares had no GMP in the grey market, ahead of the listing.

However, it is important to note that grey market premiums are just an indicator as to how the company's shares are stacked up in the unlisted market and are subject to change rapidly.


The IPO, which was completely a fresh equity sale of 28.8 lakh shares, received decent response from investors with an overall subscription of 5 times at close.

The company proposes to use the net proceeds from the IPO for the purchase of machinery and equipment, funding of working capital requirements and other general corporate purposes.
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CLN Energy has been incorporated with a vision to manufacture products that reduce carbon emission and commit to sustainability. It is engaged in the manufacturing of customized Lithium-ion Batteries, motors and deals in powertrain components of electric vehicles such as controllers, throttles, DC-DC converters, display, differential etc.

The company offers B2B solutions for both mobility applications such as electric two, three and four wheelers, including traction application as well as stationary applications such as solar, ESS, and telecommunications.

It also provides unique and customised solutions for various applications wherein lithium-ion battery packs are used. We sell Lithium-ion Battery Packs, motors and powertrain components.

CLN Energy also has in-house R&D capabilities to design and integrate the various powertrain and power systems to offer the complete solution for mobility and energy storage applications like UPS, Telecom etc.

With the use of lithium-ion batteries along with high efficiency DC power systems, intelligent energy management, remote operation and management, it can help customers to achieve cost savings, reduced carbon emission for a green environment and better insights of their product.