Juniper Green Energy to Raise ₹3,000 Cr via IPO – Focus on Debt Reduction

Juniper Green Energy, a Gurugram-based renewable energy company, has filed papers with SEBI to launch an IPO worth ₹3,000 crore. IPO Highlights: • Entirely a fresh issue (no shares sold by existing promoters). • May raise ₹600 crore in pre-IPO placement—if that happens, IPO size will reduce accordingly. • ₹2,250 crore from IPO funds will go towards debt repayment. • Remaining funds for general corporate purposes. Current Debt Status (as of May 2025): • Total borrowings: ₹5,894.3 crore (consolidated) Business Snapshot: • One of India’s Top 10 renewable energy IPPs (Independent Power Producers) • First solar project (100 MW) commissioned in March 2020 • Total portfolio: 7,898.45 MW (solar + wind) • Competes with Adani Green, NTPC Green, Acme Solar Financials: • FY24 Profit: ₹40 crore (vs loss of ₹12 crore in FY23) • FY24 Revenue: ₹391.6 crore (↑18.2%) • 9M FY25 Profit: ₹7.8 crore | Revenue: ₹351.6 crore Lead Bookrunners: • ICICI Securities • HSBC • JM Financial • Kotak Mahindra Capital Bottom Line: Juniper is strengthening its balance sheet to grow further in India’s booming clean energy space. The IPO will reduce its debt load and position it better against big players in the renewable energy sector.