The CLN Energy IPO is a fresh issue of 28.92 lakh shares, aiming to raise ₹72.30 crores. This book-built issue has garnered significant attention from investors looking to capitalize on the company’s growth potential.

Key Dates

• Subscription Period: Opens on January 23, 2025, and closes on January 27, 2025.
• Allotment Finalization: Expected on Tuesday, January 28, 2025.
• Tentative Listing Date: Thursday, January 30, 2025, on the BSE SME platform.

Price Band & Investment Details

• Price Range: ₹235 to ₹250 per share.
• Minimum Lot Size: 600 shares, requiring a minimum investment of ₹1,50,000 for retail investors.
• HNI Investment: Minimum of 2 lots (1,200 shares), amounting to ₹3,00,000.

Key Stakeholders

• Book Running Lead Manager: Aryaman Financial Services Limited.
• Registrar: Bigshare Services Pvt Ltd.
• Market Maker: Aryaman Capital Markets Limited.

For comprehensive details, investors are encouraged to refer to the CLN Energy IPO Red Herring Prospectus (RHP).

This IPO presents a unique opportunity for investors to participate in a promising venture. Mark your calendars and stay updated to make informed investment decisions.

The net proceeds from the CLN Energy IPO will be utilized for the following purposes:

• Purchase of Machinery and Equipment: A portion of the funds will be allocated towards acquiring advanced machinery and equipment to enhance operational efficiency and production capacity.
• Funding Working Capital Requirements: The IPO proceeds will also be used to meet the company’s working capital needs, ensuring smooth day-to-day operations and sustained growth.
• General Corporate Purpose: The remaining funds will be utilized for general corporate purposes, including strategic initiatives and other business-related expenses.

This allocation of funds reflects the company’s commitment to strengthening its infrastructure, improving operational capabilities, and achieving long-term growth objectives.