ENA MSME 2025-01-30 14:11:49 <p><span style="font-size:14px"><strong>New Delhi, Jan 30 (KNN) </strong>CLN Energy, a lithium ion battery manufacturer, made its market debut on the BSE SME platform today, with shares listing at Rs 256, reflecting a 2.4 percent premium over the initial public offering price of Rs 250.</span></p> <p><span style="font-size:14px">The stock demonstrated immediate strength, surging to its upper circuit limit of Rs 268.80, marking a 5 percent increase from its listing price.</span></p> <p><span style="font-size:14px">The company's recent IPO, which concluded on January 27, garnered substantial investor interest, achieving an overall subscription rate of 5.09 times.</span></p> <p><span style="font-size:14px">The offering, structured entirely as a fresh issue of 28.92 lakh shares, successfully raised Rs 72.3 crore at the upper end of its price band of Rs 235-250 per share.</span></p> <p><span style="font-size:14px">The strong demand was evidenced by the receipt of 11,029 applications for 1.05 crore equity shares against an offer size of 20.71 lakh shares.</span></p> <p><span style="font-size:14px">Investor participation was notably robust across categories. Retail investors led the subscription statistics with 6.55 times their allocated quota, closely followed by non-institutional investors at 6.51 times.</span></p> <p><span style="font-size:14px">Qualified institutional buyers also participated, subscribing 1.07 times their designated portion. Prior to the public issue, CLN Energy had secured Rs 20.52 crore through its anchor book on January 22.</span></p> <p><span style="font-size:14px">The company, which specialises in B2B solutions for electric vehicles and stationary applications including solar, energy storage systems, and telecommunications, plans to utilise the IPO proceeds strategically.</span></p> <p><span style="font-size:14px">The funds will be directed towards machinery and equipment acquisition, meeting working capital requirements, and general corporate purposes, positioning the company for future growth in the expanding energy storage sector.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 40847 https://knnindia.co.in/news/newsdetails/msme/cln-energys-ipo-sees-strong-demand-lists-at-24-pc-premium-on-bse-sme 2025-01-30 14:11:49 knnindia.co.in