Juniper Green Energy IPO Allotment Finalized
The highly anticipated allotment for Juniper Green Energy's Initial Public Offering (IPO) has been finalized on Tuesday, August 4. Investors who participated in the renewable energy firm's share sale can now verify their application status through various official channels. The IPO, which concluded its subscription period on August 3, saw a mixed but ultimately robust response from bidders.
As funds are expected to be debited by Wednesday, August 5, successful applicants will soon receive confirmation of their share allocation. The company is slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on August 6.
IPO Overview and Subscription Details
Juniper Green Energy offered its shares in a price band of Rs 214-225 apiece, aiming to raise Rs 1,800 crore. The IPO, entirely a fresh issue of up to 8,00,09,150 equity shares, ran for subscription from July 30 to August 3. Investors applied for a minimum of 66 shares and in multiples thereafter.
The issue was overall subscribed 7.97 times, attracting nearly 2.20 lakh applications and bidding worth over Rs 10,600 crore. Qualified Institutional Bidders (QIBs) showed strong interest, subscribing 24.04 times their allocated portion. Non-Institutional Investors (NIIs) booked their quota 1.82 times, while the retail portion was undersubscribed at 93 percent. The employee portion was subscribed 3.58 times.
Grey Market Premium (GMP) Insights
Despite the varied subscription levels, the Grey Market Premium (GMP) for Juniper Green Energy shares saw a modest recovery. The latest reports indicate a GMP of Rs 10-12 per share, suggesting a potential listing gain of 4-5 percent for investors. During the bidding period, the GMP was observed at a lower range of Rs 2-4 apiece.
About Juniper Green Energy
Incorporated in 2011 and headquartered in New Delhi, Juniper Green Energy is a prominent independent power producer (IPP) in India's renewable energy sector. The company specializes in the development, construction, operation, and maintenance of utility-scale renewable energy projects. Its strategic focus includes expanding its renewable energy portfolio while maintaining operational excellence, supply chain resilience, and sustainable growth.
ICICI Securities, HSBC Securities & Capital Markets, JM Financial, and Kotak Mahindra Company served as the book-running lead managers for the IPO, with Kfin Technologies Ltd acting as the official registrar for the issue.
How to Check Your Allotment Status
Investors can check their Juniper Green Energy IPO allotment status through the following official platforms:
On BSE Website
- Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
- Under "Issue Type," select 'Equity'.
- From the "Issue Name" dropdown, choose 'Juniper Green Energy Limited'.
- Enter your 'Application Number'.
- Input your 'PAN Card ID'.
- Complete the 'I am not a Robot' captcha and click 'Search'.
On NSE Website
- Go to the NSE website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'JNPR'.
- Enter your 'PAN No.' and 'Application No.'.
- Click 'Submit' to view your status.
Via KFin Technologies (Registrar)
- Navigate to the registrar's online portal: https://kosmic.kfintech.com/ipostatus
- Select the IPO name (Juniper Green Energy) from the dropdown menu (this option will appear once allotment is finalized).
- Choose one of the three search modes: Application number, Demat Account number, or PAN ID.
- If applicable, select between ASBA and non-ASBA in the application type.
- Enter the details corresponding to your chosen search mode.
- Fill in the security captcha accurately.
- Click 'Submit' to proceed.
Key Dates for Investors
- Basis of Allotment Finalization: Tuesday, August 4
- Debit of Funds / Refund Initiation: Wednesday, August 5
- Listing Date (BSE & NSE): Thursday, August 6