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IPO ·

BSE, NSE

Juniper Green Energy Ltd

Listed

Incorporated in 2011, Juniper Green Energy Limited is one of India's leading renewable energy independent power producers (IPPs), engaged in developing, building, operating, and maintaining utility-scale renewable energy projects.

Issue details

Price band

₹214 – ₹225

Face value

₹10

Lot size

66 shares

Minimum investment

₹14,850

Issue size

₹1800.00 Cr

Fresh issue

₹1800.00 Cr

Offer for sale

—

Issue type

Book Built

Exchange

BSE, NSE

Key dates

Opens

30 Jul 2026

Closes

3 Aug 2026

UPI mandate cut-off

5:00 PM on 3 Aug 2026

Allotment

4 Aug 2026

Refunds

5 Aug 2026

Shares in demat

5 Aug 2026

Listing

6 Aug 2026

Subscription and listing

Subscription

6.16x

Listing price

₹245

Registrar

Kfin Technologies Ltd

Lead manager

ICICI Securities, HSBC Securities & Capital Markets (India), JM Financial, Kotak Mahindra Capital Co.

Subscription by category

Total

6.16x

Total applications

2,09,045

Anchor investors

Amount raised

₹539.40 Cr

Bid date

29 Jul 2026

50% lock-in ends

2 Sep 2026

Rest lock-in ends

1 Nov 2026

Listing day

Issue price

₹225

Open

₹245.00

High

₹264.72

Low

₹232.11

Day close

₹259.71

Listing gain at open

+8.89%

Issue structure

Shares reserved per category and share of the total issue

QIB

3,99,55,555

49.94%

Anchor Investor

2,39,73,333

29.96%

QIB (Ex. Anchor)

1,59,82,222

19.98%

NII

1,19,86,667

14.98%

bNII > ₹10L

79,91,112

9.99%

sNII < ₹10L

39,95,555

4.99%

Retail

2,79,68,889

34.96%

Employee

98,039

0.12%

Total

8,00,09,150

100.00%

Finaccle’s quick read

Avoid

FY26 income up 41%, PAT up 11%, post-issue P/E 316.9x.

A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.

About the company

Incorporated in 2011, Juniper Green Energy Limited is one of India's leading renewable energy independent power producers (IPPs), engaged in developing, building, operating, and maintaining utility-scale renewable energy projects. The company develops solar, wind, Wind-Solar Hybrid (WSH), and Firm & Dispatchable Renewable Energy (FDRE) projects with Battery Energy Storage Systems (BESS), generating revenue through long-term power purchase agreements with central and state government-backed entities.

Founded

2011

2011

Promoters

Arvind Tiku, Hemant Tikoo, Niharika Tiku,

Arvind Tiku, Hemant Tikoo, Niharika Tiku,

Promoter holding

100% pre-issue; 85.94% post-issue

100% pre-issue; 85.94% post-issue

Financial performance

Restated figures in ₹ crore, latest period first

₹ crore, latest first. Full table on desktop.

Period

Total income

Income

EBITDA

PAT

Net worth

Borrowings

Debt

Assets

FY26

FY26

804.93

804.93

692.18

40.46

40.46

122.89

12,920.54

12,920.54

19,538.45

FY25

FY25

569.78

569.78

485.69

36.48

36.48

116.29

5,502.53

5,502.53

10,356.81

FY24

FY24

424.45

424.45

370.84

40.06

40.06

108.21

2,671.70

2,671.70

4,986.44

ROE

—

ROCE

—

Debt / equity

—

PAT margin

—

P/E post issue

316.9

Market cap

₹12,802.46 Cr

Use of IPO money

Repayment/pre-payment, in full or part of certain borrowings availed by Company

₹683.24 Cr

Investment in Material Subsidiaries namely Juniper Green Gamma One Pvt.Ltd., Juniper Green Three Pvt.Ltd., Juniper Green Field Pvt.Ltd., Juniper Green Beam Pvt.

₹728.69 Cr

General Corporate Purposes

₹295.52 Cr

Public Issue Expenses

₹92.56 Cr

Strengths

✓

: One of India's top 10 renewable energy independent power producers by total capacity

✓

Diversified portfolio across solar, wind, hybrid, and FDRE projects with BESS

✓

Revenue up 41% in FY26 to ₹804.93 Cr

Risks to watch

!

Rich valuation: post-issue P/E of 316.9x

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Last updated:

Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.