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CLN Energy Ltd to Issue 360,000 Shares at Minimum Price of ₹281 Each

Updated: April 24, 2025 22:10

Image Source: The Economic Times
CLN Energy Ltd has announced a fresh equity issuance, offering 360,000 shares at a minimum price of ₹281 per share. This move comes as the company continues to expand its capital base following its successful IPO and recent listing on the BSE SME platform.
 
Key Highlights:
  • The new share issue consists of 360,000 equity shares, each priced at a minimum of ₹281, representing a premium over the company’s recent IPO price band of ₹235–₹250 per share.
  • The capital raised through this issue is expected to support CLN Energy’s ongoing expansion, particularly in the manufacturing of lithium-ion batteries, motors, and powertrain components for electric vehicles.
  • The decision to set the minimum price at ₹281 per share signals strong investor confidence and reflects the company’s robust demand and growth prospects since its IPO.
  • The fresh issue follows CLN Energy’s oversubscribed IPO earlier this year, which raised ₹72.3 crore and saw strong participation from retail and institutional investors.
  • Proceeds from the share issue will be used for the purchase of new machinery, working capital requirements, and other general corporate purposes, aligning with the company’s strategy to scale operations and enhance market presence.
  • The share allotment and final pricing details will be determined based on investor response and regulatory approvals.
CLN Energy’s continued fundraising efforts underline its commitment to innovation and leadership in India’s fast-growing clean energy and electric mobility sector.
 
Source: TradingView

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