Mumbai, Jan. 30 -- The scrip was listed at 256, at a premium of 2.4% compared with the initial public offer (IPO) price.

The counter hit a high of Rs 268.80 and a low of Rs 252.50. About 4.52 lakh shares of the company changed hands at the counter.

CLN Energy's IPO was subscribed 5.09 times.. The issue opened for bidding on 23 January 2025 and it closed on 27 January 2025. The price band of the IPO was set at Rs 235 to Rs 250 per share.

The IPO comprised fresh issue of 20,71,200 equity shares. The promoter and promoter group shareholding diluted to 72.54% from 99.99% pre-issue.

The company intends to utilize the net proceeds to meet working capital requirements, purchase of machinery and equipment and general corporate purposes.

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