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Juniper Green Energy IPO

Juniper Green Energy came to market through an IPO that opened on 30 July 2026 and closed on 3 August 2026, and the shares listed on 6 August 2026 on BSE, NSE. The price band was ₹214 to ₹225 per share and one lot was 66 shares, so the minimum application was ₹14,850. The issue size was ₹1800 crore. The whole issue was fresh shares, so the money raised went to the company.

It listed at ₹245, a gain of 8.9% against the issue price of ₹225. Kfin Technologies Limited was the registrar to the issue, and ICICI Securities Ltd, HSBC Securities & Capital Markets (India) Pvt.Ltd, JM Financial Ltd, Kotak Mahindra Capital Co.Ltd were the lead managers.

Issue details

Issue type
Book Built Issue
Price band
₹214 to ₹225
Lot size
66 shares
Minimum investment
₹14,850
Face value
₹10 per share
Issue size
₹1800 crore
Fresh issue
8,00,00,000 shares (aggregating up to ₹1800 crore)
Listing at
BSE, NSE
Registrar
Kfin Technologies Limited
Lead managers
ICICI Securities Ltd, HSBC Securities & Capital Markets (India) Pvt.Ltd, JM Financial Ltd, Kotak Mahindra Capital Co.Ltd
Promoter holding before the issue
100%
Promoter holding after the issue
85.94%

Timeline

Opens
30 July 2026
Closes
3 August 2026
Allotment
4 August 2026
Listing
6 August 2026

Subscription status by day

As of 3 August 2026.

Day
1
2
3

Overall the issue was subscribed 8.38 times.

Listing day and after

Issue price
₹225
Listing price
₹245
Listing gain
8.9%
Listed on
6 August 2026

About Juniper Green Energy

Juniper Green Energy is an independent leading producer of renewable energy power in India, focusing on developing, building, and operating solar, wind, and hybrid projects. Founded with a vision to provide sustainable and clean energy, the company seeks to contribute to the greening of India's future by producing electricity from non-fossil fuels. The company manages the renewable energy project development lifecycle end-to-end at all critical stages of: i) bidding and auction; ii) site prospecting; iii) land acquisition and grid permits;

iv) engineering and technology; v) procurement; vi) project financing; vii) plant construction and 303 commissioning; and viii) operation & maintenance. The company has secured long-term PPAs with government bodies such as SECI, SJVN, NHPC, and NTPC, among others, and private clients such as Tata Power Company Limited. As on May 31, 2025, the Company has a portfolio asset of total Capacity of 7,898.45 MW.

The company has expanded its geographical presence across states such as Gujarat, Rajasthan, Maharashtra and Madhya Pradesh.

As described in the offer document.

Objects of the issue

  • Repayment/pre-payment, in full or part of certain borrowings availed by our Company - ₹683.24 Cr
  • Investment in our Material Subsidiaries namely Juniper Green Gamma One Private Limited, Juniper Green Three Private Limited, Juniper Green Field Private Limited, Juniper Green Beam Private Limited, and our Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Ray Two Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings - ₹728.69 Cr
  • General corporate purposes

Strengths

  • Leading renewable energy independent power producer: The company ranks among the top 10 renewable energy IPPs operating in India. Its varied combination of solar, wind, and hybrid projects ensures its strength in the burgeoning renewable energy sector of India.
  • Project development capability: The company has shown the capability to acquire lands and connect to the grid far in advance of the project execution process. This capability ensures efficient project development process and efficient project execution.
  • Long-term power purchase agreements: The company has entered into long-term PPAs with central, state governments and also private companies. Long-term PPAs ensure stable revenues and protect the company from the fluctuating prices of merchant power.

Risks

  • High dependence on key power off-takers: Majority of the company's revenues are generated by a few power off-takers. Any loss of key commercial relationship or reduction in power offtake will affect its operations and cash flow.
  • Dependency on competitive auctions: The growth of the company depends on the successful bidding for renewable energy projects through competitive bidding process.
  • Risk of project implementation and growth: Future growth of the firm depends on the successful execution and completion of its renewable energy projects. Any delays in execution of these projects can be a problem for the firm.

Financials (₹ crore)

Metric31-Mar-2631-Mar-2531-Mar-24

Listed peers

Juniper Green
RoNW %
Acme Solar
RoNW 9.86%%
Ntpc Green
RoNW 2.76%%
Adani Green
RoNW 8.27%%
Renew Global
RoNW 8.25%%

Anchor investors

Shares
2,39,73,333

Juniper Green Energy Limited finalised its anchor investor allocation on July 29, 2026, raising ₹539.40 crore from 31 institutional investors at an anchor price of ₹225 per share. The anchor book comprises 2,39,73,333 equity shares allocated across domestic mutual funds, life insurance companies, and foreign portfolio investors.

Domestic mutual funds received 74.79% of the anchor allocation through 9 fund houses across 24 schemes, including Whiteoak Capital Mutual Fund (8 schemes), Nippon India Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, Mirae Asset, HSBC Mutual Fund, DSP Mutual Fund, Motilal Oswal, and Edelweiss Mutual Fund. Abu Dhabi Investment Authority – Stable received the single largest individual allocation at 14.83%, followed by Nippon India Small Cap Fund at 9.64% and SBI Infrastructure Fund at 9.27%.

Life insurance companies received 6.67% of the anchor allocation, with HDFC Life Insurance and Bajaj Life Insurance each receiving 2.87%.

Promoters

Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte. Ltd, Juniper Renewable Holdings Pte. Ltd. Promoter holding 100% before the issue and 85.94% after.

Application sizes

Retail (min)
1 lot, 66 shares, ₹14,850
Retail(max)
13 lots, 858 shares, ₹1,93,050
sHNI(min)
14 lots, 924 shares, ₹2,07,900
sHNI(max)
67 lots, 4422 shares, ₹9,94,950
bHNI(min)
68 lots, 4488 shares, ₹10,09,800

Valuation

EPS Pre IPO
₹0.83
EPS Post IPO
₹0.71
P/E Pre IPO
271.08
P/E Post IPO
316.9
RoNW
1.18%
Price/Book
3.21
Market Cap
₹12,802.26 Cr

Registrar and allotment status

Registrar
Kfin Technologies Limited
Allotment status
https://ipostatus.kfintech.com/
Phone
04067162222, 04079611000
Email
junipergreen.ipo@kfintech.com

Work out the listing gain for this IPO

How allotment works

If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.

The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.

Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.

What happens on listing day

Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.

For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.

Questions about the Juniper Green Energy IPO

What is Juniper Green Energy IPO?

Juniper Green Energy IPO was a ₹1,800 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹214–₹225 per share with a lot size of 66 shares (₹14,850). The IPO was open from July 30 to August 3, 2026 and was subscribed 8.38x. Shares listed on BSE and NSE on August 6, 2026 at ₹245, a 8.9% premium to the issue price of ₹225. Kfin Technologies Limited is the registrar.

ICICI Securities Ltd and 3 other book running lead managers manage the issue.

What is the price band of Juniper Green Energy IPO?

The price band of Juniper Green Energy IPO is ₹214 to ₹225 per share.

What is the lot size of Juniper Green Energy IPO?

The lot size of Juniper Green Energy IPO is 66 shares.

What is the minimum investment for Juniper Green Energy IPO?

The minimum investment for Juniper Green Energy IPO is approximately ₹14,850 based on the upper price band.

What is the allotment date of Juniper Green Energy IPO?

The allotment date of Juniper Green Energy IPO is Aug 4, 2026.

What was the GMP of Juniper Green Energy IPO before listing?

No GMP quote could be verified as recorded before Juniper Green Energy IPO listed. A grey-market observation of ₹20 per share was recorded on 6 Aug 2026, 8:15 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹245. GMP is unofficial and does not forecast or guarantee the actual listing price.

How has Juniper Green Energy IPO share price performed since listing?

Juniper Green Energy IPO listed on Aug 6, 2026. It was issued at ₹245.0(NSE) and is currently around ₹248.20 as on 30-Oct-2026 3:30 PM, which is approximately 10.3% versus issue price. The 52-week high is ₹284.50.

How to check Juniper Green Energy IPO allotment status?

You can check Juniper Green Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Juniper Green Energy IPO allotment status on Rupix for quick and easy access.

What was the price band of the Juniper Green Energy IPO?

₹214 to ₹225 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.

What was the lot size of the Juniper Green Energy IPO?

One lot was 66 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,850.

What was the minimum investment in the Juniper Green Energy IPO?

₹14,850, for one lot of 66 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.

When did the Juniper Green Energy IPO open and close?

It opened on 30 July 2026 and closed on 3 August 2026.

When was the allotment of the Juniper Green Energy IPO?

The basis of allotment was published on 4 August 2026 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.

When did Juniper Green Energy list on BSE, NSE?

The shares listed on 6 August 2026 on BSE, NSE, opening at ₹245.

How large was the Juniper Green Energy IPO?

The issue size was ₹1800 crore. The fresh issue was 8,00,00,000 shares (aggregating up to ₹1800 crore).

How did the Juniper Green Energy IPO perform on listing?

It listed at ₹245 against an issue price of ₹225, a gain of 8.9 percent on listing day.