ipo allotment status

CLN Energy IPO Allotment Today: Stock status must be checked through the GMP module and the Listing Schedule

Investors can find out about their CLN Energy IPO share allotment through the official websites operated by BSE and Bigshare Services.

CLN Energy IPO Allotment Status

Basis of Allotment Finalisation

CLN Energy will announce its final share allotment for the IPO today on January 28, 2025 beyond the IPO subscription deadline. The SME IPO collected Rs 72.30 crore from its 2.89 million fresh equity shares sold in this new issue. The allocation of shares by CLN Energy was priced at Rs 235-250 per share while requiring a minimum purchase of 600 shares.

A strong interest in IPO subscriptions led to a 5.42 times oversubscription at the end of the subscription period.

How to Check CLN Energy IPO Allotment Status?

After the allotment process is finalized, investors who applied can check their status on:

  • The official website of BSE
  • The official website of Bigshare Services, the registrar of the issue

CLN Energy IPO Grey Market Premium (GMP)

Unlisted shares of CLN Energy trade at Rs 250 each through the grey market indicating a flat bid equivalent to the top boundary of their IPO pricing band. Current records indicate that the stock entering the market today will have no carrying premium since the grey market premium stands at zero.

Because gray market trends represent unofficial data they might not accurately predict actual listing results. The BSE SME platform will welcome CLN Energy’s initial public offering on Thursday, January 30, 2025.

CLN Energy IPO Objective

According to the company’s Red Herring Prospectus (RHP), the IPO proceeds will be used for:

  • Purchasing machinery and equipment
  • Meeting working capital needs
  • General corporate purposes

About CLN Energy

The products produced by CLN Energy include custom lithium-ion batteries together with electric vehicle motors. The company serves business clients (B2B) in various sectors, including:

  • Mobility solutions: Electric two-wheelers, three-wheelers, and four-wheelers
  • Stationary applications: Solar power systems, Energy Storage Systems (ESS), and telecommunications

The manufacturing facilities operated by CLN Energy establish their presence in Noida and Pune, Maharashtra to deliver products under their CLN Energy brand.

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