New Delhi, Jan. 30 -- 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.

The stock demonstrated immediate strength, surging to its upper circuit limit of Rs 268.80, marking a 5 percent increase from its listing price.

The company's recent IPO, which concluded on January 27, garnered substantial investor interest, achieving an overall subscription rate of 5.09 times.

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.

The strong demand was evidenced by the recei...