CLN Energy Ltd - IPO

CLN Energy Ltd IPO Details

Initial public offer of upto 28,92,000 equity shares of face value of Rs. 10/- each (Equity Shares) of CLN Energy Limited (The Company or The Issuer) at an issue price of Rs. 250 per equity share (including a share premium of Rs. 240 per equity share) for cash, aggregating upto Rs. 72.30 crores (Public Issue) out of which 1,56,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 250 per equity share for cash, aggregating Rs. 3.90 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 27,36,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 250 per equity share for cash, aggregating upto Rs. 68.40 crores is here inafter referred to as the Net Issue. The public issue and net issue will constitute 27.40% and 25.93% respectively of the post-issue paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each. The floor price is 25 times of the face value.

Objective of issue

Purchase of machinery and equipment. Funding working capital requirements. General corporate purposes.

CLN Energy Ltd Contact Details

CLN Energy Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - ipo@clnenergy.in

Website - www.clnenergy.in