Juniper Green Energy, a prominent renewable energy independent power producer, is set to launch its initial public offering (IPO) on July 30. The Gurugram-based company has fixed the price band for its Rs 1,800 crore issue at Rs 214-225 per equity share.
Anchor investors will have the opportunity to place their bids starting July 29, a day before the main subscription window opens. The IPO is scheduled to close on August 3. Following the subscription period, the basis of allotment is expected on August 4, with refunds and the credit of shares to successful bidders taking place on August 5. Juniper Green Energy's shares are slated for listing on both the BSE and NSE on August 6.
Company Overview and Portfolio
Juniper Green Energy positions itself among the top 10 largest renewable independent power producers in India. As of June 2026, the company boasted a robust portfolio of 50 projects, totaling an impressive capacity of 7,910.20 MW (or 10,247.06 MWp). The company initiated its first solar project, a 100 MW facility, in March 2020.
Currently, 20 of its projects are operational, contributing 1,794.80 MW to the grid. Additionally, 19 contracted projects are under construction, with a combined capacity of 2,875.40 MW, while 11 awarded projects in the construction phase are expected to add 3,240 MW. At the upper end of the price band, Juniper Green Energy is estimated to command a market capitalization of approximately Rs 12,802.47 crore.
Financial Performance and IPO Proceeds
For the fiscal year ending March 2026, Juniper Green Energy reported a profit increase of 10.9 percent, reaching Rs 40.5 crore. The company's revenue also saw a significant rise of 41.3 percent, totaling Rs 718.9 crore compared to the previous year. Its consolidated outstanding fund-based borrowings stood at Rs 13,266 crore as of June 2026.
The company plans to utilize a substantial portion of the net proceeds from the IPO, specifically Rs 1,411.9 crore, towards the repayment of existing loans. The remaining funds will be allocated for general corporate purposes, supporting the company's ongoing growth and operational needs.
ICICI Securities, HSBC Securities and Capital Markets India, JM Financial, and Kotak Mahindra Capital Company are serving as the merchant bankers for the issue, with Kfin Technologies Ltd appointed as the official registrar.