Juniper Green Energy IPO Opens 30 July With ₹214-225 Price Band; Check Issue Details

The Juniper Green Energy initial public offering (IPO) price band has been fixed at ₹214-225 per equity share for the company's ₹1,800 crore public issue, which will open for subscription on 30 July and close on 3 August.

The renewable energy company will open its anchor investor portion on 29 July. Investors can apply for a minimum of 66 equity shares, with bids accepted in multiples of 66 thereafter.

The Juniper Green Energy IPO consists entirely of a fresh issue of equity shares, with no offer-for-sale (OFS) component. At the upper end of the price band, Juniper Green Energy is expected to have a market capitalisation of around ₹12,802.46 crore after listing.

The shares are scheduled to debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 6 August, while the basis of allotment is expected on 4 August.

How Will The IPO Proceeds Be Used?

The company plans to use ₹683.24 crore from the net proceeds to repay or prepay certain borrowings. Another ₹728.69 crore will be invested in its subsidiaries, Juniper Green Gamma One, Juniper Green Kite, and Juniper Green Power Five, to help them reduce outstanding debt.

The remaining funds will be used for general corporate purposes.

The issue has reserved up to 50% for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and at least 35% for retail investors.

About Juniper Green Energy

Gurugram-based Juniper Green Energy develops, builds and operates utility-scale solar, wind, hybrid and battery energy storage projects across India. Backed by Singapore-based AT Capital Group, the company has expanded its renewable energy portfolio with several large-scale projects.

Among its notable achievements are India's first merchant 100 MWh Battery Energy Storage System (BESS) project in Rajasthan and an integrated Firm and Dispatchable Renewable Energy (FDRE) project that combines solar, wind, and battery storage. The company follows an integrated business model, handling project development, engineering, procurement, construction, operations and maintenance.

ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial and Kotak Mahindra Capital Company are the book-running lead managers for the issue. KFin Technologies is the registrar.

Investors can review the Juniper Green Energy IPO details before deciding whether to subscribe to the issue.

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