The Juniper Green Energy IPO has opened for public subscription today, July 30, 2026.
The Rs 1,800 crore mainboard IPO will remain open until August 3, giving investors three days to apply.
The company has fixed the price band at Rs 214-225 per share, and its shares are expected to be listed on both the NSE and BSE on August 6.
Ahead of the IPO, the company raised Rs 539.4 crore from anchor investors, including Abu Dhabi Investment Authority and Nippon India Mutual Fund, showing strong institutional interest in the public issue.
IPO Price Band, Lot Size and Minimum Investment
Juniper Green Energy has fixed the IPO price band between Rs 214 and Rs 225 per share.
The minimum lot size is 66 shares.
At the upper price band, retail investors will need to invest at least Rs 14,850 to apply for one lot.
Important IPO Dates
IPO Opens: July 30, 2026
IPO Closes: August 3, 2026
Expected Listing: August 6, 2026
Stock Exchanges: NSE and BSE
Juniper Green Energy IPO GMP Today
According to market observers, the company’s unlisted shares were trading at a Grey Market Premium (GMP) of around Rs 17 per share on Thursday.
Based on the upper price band of Rs 225, the estimated listing price is around Rs 242 per share, indicating a possible listing gain of about 7.56%.
However, investors should remember that the grey market is unofficial, and GMP can change daily depending on market sentiment.
Should You Apply for the IPO?
Most brokerage firms have given a positive outlook on the IPO due to the company’s strong renewable energy business and future growth potential.
SBI Securities has given the IPO a ‘Subscribe’ rating for long-term investors.
According to the brokerage, Juniper Green Energy has a strong presence in wind-solar hybrid projects and firm and dispatchable renewable energy (FDRE) projects.
During FY24-FY26, the company reported a revenue CAGR of 35.5%, EBITDA CAGR of 33.9%, and PAT CAGR of 0.5%.
SBI Securities believes future growth will be supported by new project commissioning, battery energy storage systems (BESS), and merchant power opportunities.
Ventura has also recommended a ‘Subscribe’ rating.
The brokerage highlighted the company’s diversified portfolio across solar, wind, hybrid, and battery energy storage projects.
According to Ventura, Juniper Green Energy reported Rs 718.9 crore in revenue and Rs 40.5 crore in net profit during FY26.
Risks Investors Should Know
While brokerages remain positive, they have also highlighted some key risks.
These include:
High debt and finance costs.
Delays in project execution or commissioning.
Dependence on government utilities and DISCOMs.
Changes in government policies related to the renewable energy sector.
Investors should consider these risks before making an investment decision.
Where Will the IPO Money Be Used?
The IPO is entirely a fresh issue of equity shares worth Rs 1,800 crore.
The company plans to use the funds as follows:
Rs 683.24 crore to repay or prepay existing borrowings.
Rs 728.69 crore will be invested in subsidiaries to help them repay loans.
The remaining amount will be used for general corporate purposes.
About Juniper Green Energy
Juniper Green Energy develops, builds, and operates large-scale solar, wind, hybrid, and battery energy storage projects across India.
The company is backed by Singapore-based AT Capital Group and has been expanding its renewable energy portfolio rapidly.
It recently commissioned India’s first merchant 100 MWh Battery Energy Storage System (BESS) project in Rajasthan and has also started the phased rollout of integrated Firm and Dispatchable Renewable Energy (FDRE) projects combining solar, wind, and battery storage.
The Gurugram-based company manages everything from project development and engineering to construction and operations, making it one of the growing players in India’s renewable energy sector.
Reservation and Other Key Details
The IPO allocation has been divided as follows:
50% for Qualified Institutional Buyers (QIBs)
15% for Non-Institutional Investors (NIIs)
35% for Retail Investors
The company has also reserved shares worth Rs 2 crore for eligible employees, who will receive a discount of Rs 21 per share.
The IPO is being managed by ICICI Securities, HSBC Securities, JM Financial, and Kotak Mahindra Capital, while KFin Technologies is the registrar to the issue.
