Summary
Juniper Green Energy’s ₹1,800 crore fresh issue IPO will remain open for subscription from 30 July to 3 August 2026.
The company develops and operates utility-scale renewable energy projects with a diversified portfolio across solar, wind and hybrid power segments.
The IPO may suit long-term investors looking for renewable energy exposure after evaluating the company’s fundamentals, valuation and risk appetite.
Juniper Green Energy’s IPO is a book-built issue worth ₹1,800 crore, consisting entirely of a fresh issue of 8 crore equity shares.
The IPO will open for subscription on 30 July 2026, and close on 3 August 2026. The share allotment is expected to be finalised on 4 August 2026, while the company’s shares are tentatively scheduled to list on the NSE and BSE on 6 August 2026.
The price band has been set at ₹214 to ₹225 per share. Investors can bid in lots of 66 shares, requiring a minimum investment of ₹14,850 for retail applicants at the upper end of the price band.
Juniper Green Energy IPO Key Details
The table below summarises the key details of the Juniper Green Energy IPO:
| Bidding Opens | 30 July 2026 |
| Bidding Closes | 3 August 2026 |
| Face Value | ₹10 per share |
| Issue Type | Bookbuilding |
| Price Band | ₹214 to ₹225 |
| Issue Price | |
| Listing at | NSE, BSE |
| Lot Size | 66 Shares |
| Offer for Sale (OFS) | |
| Fresh Issue | 8,00,00,000 shares (₹1,800 crore) |
| Total Issue | 8,00,00,000 shares (₹1,800 crore) |
| Minimum Investment | ₹14,850 |
Juniper Green Energy IPO Timeline
The schedule of key events for the Juniper Green Energy IPO is as follows:
| Bidding Opens | 30 July 2026 |
| Bidding Closes | 3 August 2026 |
| Allotment Planned For | 4 August 2026 |
| Refunds Start On | 5 August 2026 |
| Share Credit to Demat | 5 August 2026 |
| Listing Scheduled | 6 August 2026 |
| Cut-off for UPI mandate | 5:00 PM on 3 August 2026 |
Juniper Green Energy Key Performance Indicators (KPIs)
The following table presents the KPIs of Juniper Green Energy:
| KPIs | FY 2026 | FY 2025 | FY 2024 |
| ROE (%) | |||
| ROCE (%) | |||
| Debt-Equity (times) | 2.75 | 0.81 | 1.00 |
| RoNW (%) | 1.18 | 1.09 | 2.31 |
| PAT Margin (%) | |||
| EBITDA Margin (%) | 85.99 | 85.24 | 87.37 |
| Price Book Value | 3.21 |
Juniper Green Energy Financials
Juniper Green Energy’s key financial figures are provided below:
| Period | FY 2026 | FY 2025 | FY 2024 |
| Total Assets | 195,384.53 | 103,568.06 | 49,864.44 |
| Revenue | 8,049.30 | 5,697.80 | 4,244.47 |
| Profit After Tax | 404.64 | 364.78 | 400.64 |
Juniper Green Energy IPO Subscription Status
| Date | QIB (Ex Anchor) | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| Jul 30 (Day 1) | 1.05 | 0.05 | 0.13 | 1.07 | 0.38 |
| Jul 31 (Day 2) | 1.25 | 0.09 | 0.23 | 1.79 | 0.49 |
| Aug 3 (Day 3) | 23.48 | 1.76 | 0.51 | 3.53 | 7.33 |
Juniper Green Energy IPO Grey Market Premium
The Juniper Green Energy IPO is trading at a ₹14 premium in the grey market, reflecting improving market sentiment. If the trend continues, the IPO will likely list at ₹239, giving 6.22% returns.
| GMP Date | GMP | Est. Listing Price (cap price + GMP) | Est. Profit* | Last Updated |
|---|---|---|---|---|
| 04-08-2026 Allotment | ₹9.5 ─ | ₹234.5 (4.22%) | ₹627 | 4-Aug-2026 9:54 |
| 03-08-2026 Close | ₹9.5 ▲ | ₹234.5 (4.22%) | ₹627 | 3-Aug-2026 23:37 |
| 02-08-2026 | ₹1.75 ▲ | ₹226.75 (0.78%) | ₹115 | 2-Aug-2026 23:29 |
| 01-08-2026 | ₹1.5 ▼ | ₹226.5 (0.67%) | ₹99 | 1-Aug-2026 23:28 |
| 31-07-2026 | ₹3 ▼ | ₹228 (1.33%) | ₹198 | 31-Jul-2026 23:31 |
| 30-07-2026 Open | ₹8 ▼ | ₹233 (3.56%) | ₹528 | 30-Jul-2026 23:36 |
| 29-07-2026 | ₹17 ─ | ₹242 (7.56%) | ₹1,122 | 29-Jul-2026 23:31 |
| 28-07-2026 | ₹17 ▲ | ₹242 (7.56%) | ₹1,122 | 28-Jul-2026 23:30 |
| 27-07-2026 | ₹0 ─ | ₹225 (0.00%) | ₹0 | 27-Jul-2026 23:34 |
| 26-07-2026 | ₹0 ─ | ₹ (0.00%) | 26-Jul-2026 5:55 | |
| 25-07-2026 | ₹0 ─ | ₹ (0.00%) | 25-Jul-2026 5:55 | |
| 24-07-2026 | ₹0 ─ | ₹ (%) | 24-Jul-2026 12:50 |
Note: GMP is based on unofficial market trading. It should not be considered a guarantee of listing gains.
Juniper Green Energy IPO Reservation
Below is the reservation of the IPO shares among different investor categories:
Juniper Green Energy IPO Lot Size
Applications for the IPO must be made in accordance with the given lot sizes:
| Application Type | Lots | Shares | Amount |
| Individual Investor – Minimum | 1 | 66 | ₹14,850 |
| Individual Investor – Maximum | 13 | 858 | ₹1,93,050 |
| S-HNI Minimum | 14 | 924 | ₹2,07,900 |
| S-HNI Maximum | 67 | 4,422 | ₹9,94,950 |
| B-HNI Minimum | 68 | 4,488 | ₹10,09,800 |
Juniper Green Energy IPO Anchor Investors
The table below provides a breakdown of the anchor investor allocation:
| Particulars | Details |
| Bidding Opens | 29 July 2026 |
| Shares Offered | Not disclosed yet |
| Portion Size | Up to 60% of the QIB portion |
| 30-Day Lock-in for 50% Shares | 3 September 2026 |
| 90-Day Lock-in for Remaining Shares | 2 November 2026 |
Juniper Green Energy IPO Prospectus
Find more information about the IPO through the links below:
About Juniper Green Energy
Incorporation: 5 December 2011
Whole-time Director and Chief Executive Officer (CEO): Ankush Malik
Juniper Green Energy Limited is a renewable energy company that develops, builds, owns and operates utility-scale power projects across India. Its portfolio spans solar, wind, wind-solar hybrid (WSH) and firm & dispatchable renewable energy (FDRE) projects supported by battery energy storage systems (BESS).
The company supplies power under long-term power purchase agreements with central and state government-backed entities. Its renewable energy portfolio totals 7,910.20 MW across 50 operational, under-construction and awarded projects. It also manages engineering, procurement, construction (EPC) and operations and maintenance (O&M) in-house, which allows efficient delivery of projects and supports future expansion.
| Issue Registrar | Kfin Technologies Ltd. |
| Lead Manager | ICICI Securities Ltd.HSBC Securities & Capital Markets (India) Pvt.Ltd.JM Financial Ltd.Kotak Mahindra Capital Co.Ltd. |
Juniper Green Energy IPO Objectives
The net proceeds from the IPO will be utilised for the following purposes:
| Particulars | Amount (in ₹ million) |
| Repayment or prepayment of borrowings of the company | 6,832.35 |
| Investment in Juniper Green Gamma One Pvt. Ltd., Juniper Green Kite Pvt. Ltd. and Juniper Green Power Five Pvt. Ltd. to enable repayment or prepayment of a portion of their outstanding borrowings. | 7,286.86 |
| General corporate purposes |
Strengths of Juniper Green Energy
- Strong Renewable Portfolio: The company ranks among India’s top 10 renewable energy independent power producers (IPPs), with a diversified portfolio of 50 projects across multiple technologies.
- Stable Revenue Visibility: It has long-term power purchase agreements with government-backed entities. This results in predictable cash flows and reduces revenue uncertainty over the project lifecycle.
- Efficient Project Execution: Its integrated in-house capabilities have helped to deliver several projects ahead of schedule while maintaining operational efficiency.
- Resilient Supply Chain: Long-term supplier partnerships and advance procurement of critical equipment reduce supply risks and support timely project delivery.
Risks of Juniper Green Energy
- Geographic Concentration: Most projects are concentrated in a few states, exposing operations to regional policy changes, natural disasters and local disruptions.
- Land Acquisition Challenges: Delays in securing suitable land or rights-of-way could postpone projects, increase costs and affect profitability.
- Weather Dependence: Renewable power generation depends on sunlight and wind conditions, making electricity output and revenue vulnerable to adverse weather.
- Policy and Incentive Changes: Changes in renewable energy policies, incentives or government support could reduce project viability and future growth opportunities.
Juniper Green Energy IPO Review
Juniper Green Energy has expanded its renewable energy portfolio. With long-term power purchase agreements in place, it has a reliable source of earnings. The company’s revenue and assets have grown in recent years, and the improving grey market premium points to positive market interest ahead of the issue.
At the same time, investors should consider risks such as land acquisition delays, weather dependence, geographic concentration and evolving renewable energy policies. The IPO may be more suitable for long-term investors seeking exposure to the renewable energy sector.
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Juniper Green Energy IPO FAQs
Juniper Green Energy IPO is a ₹1,800 crore book-built fresh issue. The proceeds will be used to repay borrowings, invest in subsidiaries and for general corporate purposes.
You can apply for the Juniper Green Energy IPO through your broker using the ASBA facility or a UPI-supported IPO application. Make sure to submit your application during the IPO subscription period.
Juniper Green Energy has a diversified renewable energy portfolio, long-term power purchase agreements and strong operating margins. However, it also has high debt and execution-related challenges. Investors should evaluate the company’s fundamentals, valuation and risk appetite before applying.
Based on the latest GMP of ₹14, the estimated listing price is around ₹239 per share, implying a potential listing gain of about 6.22%.
The Juniper Green Energy IPO will open on 30 July 2026 and close on 3 August 2026.
The minimum application size is 66 shares, requiring an investment of ₹14,850 at the upper end of the price band.
The allotment is expected to be finalised on 4 August 2026.
The listing on the NSE and BSE is scheduled to take place on 6 August 2026.
