1.Company Information

CLN Energy Limited, established on 1 October 2019, is an India-based company specialising in the manufacturing of customised lithium-ion batteries and motors, and the trading of powertrain components for electric vehicles. The company's product portfolio encompasses a wide array of offerings, including:
1) Batteries (82.34% of revenue)
2) Cells (2.75% of revenue)
3) Motor and Controller (10.67% of revenue)
4) BMS (0.67% of revenue)
5)Charger (2.53% of revenue)
CLN Energy's customer base spans various industries, with the primary end-users being:
1) Electric Vehicle Industry
2) Golf cart manufacturing companies
3) Commercial and Industrial applications
4) Material and equipment handling Industry
5) Solar Industry
6) Telecommunication Industry
The company's revenue streams are derived from three key channels: manufacturing, trading, and services. During the period ended September 30, 2024, manufacturing contributed 75.02% to the revenue, while trading accounted for 5.64%, and service income made up 19.35%. CLN Energy's manufacturing capabilities are spread across two state-of-the-art facilities in Noida, Uttar Pradesh and Pune, Maharashtra. The Noida facility, spanning 42,000 sq. ft., also houses the company's in-house research and development (R&D) lab. The Pune facility covers 21,000 sq. ft. Both facilities are equipped with modern technology, enabling the company to manufacture lithium-ion battery packs for both mobility and stationary applications. The current installed capacity allows for a cell grading capacity of 168 MWH per annum, cell assembling capacity of 100 MWH per annum, and a pack assembling capacity of 50 MWH per annum. The company boasts a vast network of distributors, encompassing 112 distributors across various states. This network is a testament to CLN Energy's commitment to providing efficient and timely service to its customers. Furthermore, the company has an established customer base and has fostered long-term relationships with key clients. 

2. Strenghts

1) State-of-the-art manufacturing facilities
2) Well-educated and experienced team of professionals
3) Long-term relationships with customers
4) In-house research and development team
5) Consistent track record of financial performance

3. Objects of the Issue

The details of the utilisation of Net Proceeds of the Issue are as follows
1) Purchase of machinery and equipment
2) Funding Working capital requirements
3) General Corporate Purpose

4.CLN Energy Limited IPO Registrar

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Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html