Juniper Green Energy IPO GMP today is Rs 22. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
Mainboard IPO
JUNIPER
Juniper Green Energy IPO GMP, Subscription & Allotment Status Today
Juniper Green Energy, incorporated in 2011 and headquartered in New Delhi, is a renewable energy independent power producer with operations across solar, wind, and hybrid projects. The company develops, owns, and operates utility-scale renewable power projects and provides in-house engineering, procurement, construction (EPC) and operations & maintenance (O&M) services. As of March 31, 2025, Juniper Green had 3.1 GW of operational capacity and a pipeline of approximately 4.8 GW under construction and development. Over 97% of its operational capacity is tied to long-term power purchase agreements (PPAs) with reputed counterparties. The company is promoted by Arvind Tiku, Hemant Tikoo, Niharika Tiku, AT Holdings, and Juniper Renewable Holdings.
- Price Band
- ₹214.00 - ₹225.00
- Lot Size
- 66 Shares
- Bidding Closes
- 03 Aug 2026
- Listing Date
- 06 Aug 2026
Current GMP Status
₹22
+9.78% vs upper band
Est. Listing Gain
-11.25%
Last Trend
03 Aug 2026
Listing Price
₹199.69
Retail Entry
₹14,850
IPO Details
Complete IPO information
| Current GMP | ₹22 |
|---|---|
| Estimated Listing Gain | -11.25% |
| Price Band | ₹214.00 - ₹225.00 |
| Issue Price | Approx ₹225.00 Crores |
| Listing Price | ₹199.69 |
| Lot Size | 66 Shares |
| Issue Type | Mainboard |
| Registrar | TBA |
| Exchange | BSE, NSE |
| Retail Quota | TBA |
| Overall Subscription | 7.97x |
| Listing Date | 06 Aug 2026 |
| Minimum Investment | ₹14,850 |
Head-to-head
Compare Juniper Green Energy IPO with similar IPOs
Analysis
IPO Snapshot & Investor Takeaways
At the upper end of its price band, Juniper Green Energy is priced at ₹225 per share. With a minimum lot size of 66 shares, a retail investor applying for one lot would need approximately ₹14,850 to participate in this Mainboard issue.
The latest recorded Grey Market Premium for Juniper Green Energy stands at ₹22, implying an estimated listing gain of around 9.78% over the issue price if it holds until listing. This is down ₹8 from its previously recorded level. GMP reflects informal grey-market sentiment rather than a guaranteed outcome, and can change at any point until the day of listing.
As of the latest update, Juniper Green Energy's IPO was subscribed 7.97x overall, with a category-wise breakdown of Retail 0.93x, QIB 24.94x.
A share of Juniper Green Energy's issue proceeds is earmarked for Repayment Of Borrowings: 1092.2 (36.4%).
Mainboard IPOs list on the main platform of BSE/NSE, typically involve larger issue sizes, and draw participation across retail, HNI and institutional (QIB) investor categories.
Timeline
IPO roadmap at a glance
✓
Bidding Opens
30 Jul 2026
✓
Bidding Closes
03 Aug 2026
✓
Allotment
04 Aug 2026
✓
Listing
06 Aug 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 03 Aug 2026 | ₹2.00 | -₹8.00 | 0.89% |
| 31 Jul 2026 | ₹10.00 | - | 4.44% |
Swipe to see more →
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 Lot | 66 | ₹14,850 |
| Retail Maximum | 13 Lot | 858 | ₹1,93,050 |
| S-HNI Minimum | 14 Lot | 924 | ₹2,07,900 |
| S-HNI Maximum | 67 Lot | 4,422 | ₹9,94,950 |
| B-HNI Minimum | 68 Lot | 4,488 | ₹10,09,800 |
Swipe to see more →
Fund Utilization
Objects of the Issue & Official Documents
- Repayment Of Borrowings 1092.2 (36.4%)
- General Corporate Purpose 750.1 (25%)
Analysis
Juniper Green Energy IPO Details
Juniper Green Energy Limited is launching its Initial Public Offering (IPO) through the Book Built Issue route. The issue comprises entirely a Fresh Issue, and the company plans to utilise the proceeds to support its expansion strategy, strengthen its renewable energy portfolio, and meet other corporate objectives as stated in the offer documents.
The equity shares of Juniper Green Energy Limited are proposed to be listed on both the BSE and the NSE. Investors can subscribe to the IPO during the announced bidding period within the specified price band.
| Particular | Details |
|---|---|
| IPO Open Date | July 30, 2026 |
| IPO Close Date | August 3, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹214 to ₹225 Per Share |
| Issue Size | Approx ₹1,800 Crores |
| Fresh Issue | Approx ₹1,800 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE, NSE |
Analysis
Juniper Green Energy IPO Reservation
The Juniper Green Energy IPO follows the SEBI-prescribed allocation structure for a Book Built Issue. The issue is divided among Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), Retail Individual Investors (RIIs), and Anchor Investors to ensure broad participation from different categories of investors.
The category-wise reservation below represents the percentage of shares allocated to each investor segment. The exact number of shares in each category will be disclosed by the company before the IPO opens for subscription.
| Investor Category | Shares Offered | Reservation (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Note: The exact number of shares reserved for each category, including the Anchor Investor portion, will be announced after the final issue structure and anchor allocation are completed.
Analysis
Juniper Green Energy IPO Anchor Investors
The Juniper Green Energy IPO has scheduled its Anchor Investor bidding for July 29, 2026, one business day before the public issue opens. The anchor portion is reserved for Qualified Institutional Buyers (QIBs) and is intended to bring institutional participation and confidence to the IPO before it opens for public subscription.
Following the completion of the anchor allocation process, the company will disclose the list of participating anchor investors, the number of shares allotted, and the total amount raised. The allotted shares will be subject to the mandatory lock-in period prescribed under SEBI regulations.
| Particular | Details |
|---|---|
| Anchor Bidding Date | July 29, 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Issue Size | [.] Cr. |
| Lock-in Period End Date (50% Shares – 30 Days) | 2026 |
| Lock-in Period End Date (Remaining 50% Shares – 90 Days) | 2026 |
Note: The final Anchor Investor list, total shares allotted, anchor issue size, and exact lock-in end dates will be updated after the completion of the anchor allocation and the official announcement by the company.
Analysis
Juniper Green Energy IPO Dates
The Juniper Green Energy IPO will open for subscription on July 30, 2026 and close on August 3, 2026. During this subscription period, investors can submit their applications through the ASBA facility or supported online trading platforms.
The basis of allotment is expected to be finalised on August 4, 2026. Refunds for unsuccessful applicants and the credit of equity shares to successful investors' demat accounts are scheduled for August 5, 2026. The shares of Juniper Green Energy Limited are proposed to be listed on both the BSE and the NSE on August 6, 2026.
| Event | Date |
|---|---|
| IPO Open Date | July 30, 2026 |
| IPO Close Date | August 3, 2026 |
| Basis of Allotment | August 4, 2026 |
| Refunds | August 5, 2026 |
| Credit to Demat Account | August 5, 2026 |
| IPO Listing Date | August 6, 2026 |
Note: The IPO schedule is based on the announced timeline. The dates may be revised by the company, the registrar, or the stock exchanges before the completion of the IPO process.
Analysis
Juniper Green Energy IPO Promoters and Holding Pattern
Juniper Green Energy Limited is promoted by Arvind Tiku, Hemant Tikoo, Niharika Tiku, AT Holdings Pte. Ltd., and Juniper Renewable Holdings Pte. Ltd.. The promoter group has played a key role in establishing and expanding the company's renewable energy business, with a focus on developing and operating utility-scale solar, wind, and hybrid power projects across India.
Prior to the IPO, the promoters collectively hold the entire equity share capital of the company. Following the fresh issue, the promoter group will continue to hold a significant stake, demonstrating its long-term commitment to the company's future growth and business strategy.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 48,89,89,292 | 100% |
| Promoter Holding Post Issue | 56,89,89,292 | - |
Note: The post-issue promoter shareholding percentage will be updated after the completion of the IPO and finalisation of the share allotment as per the company's offer document.
Analysis
Juniper Green Energy IPO Objects of the Issue & Utilisation of Proceeds
Juniper Green Energy Limited intends to utilise the net proceeds from its fresh issue primarily to reduce its debt burden and strengthen its financial position. A substantial portion of the funds will be used for the repayment or prepayment of borrowings of the company as well as certain material subsidiaries, helping improve the overall capital structure and reduce finance costs.
The remaining proceeds, where applicable, will be utilised for general corporate purposes, providing additional financial flexibility to support the company's business operations, growth initiatives, and other strategic requirements.
| Purpose | Amount |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings availed by the Company | ₹683.24 Crores |
| Investment in 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 Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Ray Two Private Limited for repayment/pre-payment, in full or in part, of certain outstanding borrowings | ₹728.69 Crores |
| General Corporate Purpose | ₹- |
Note: The utilisation of IPO proceeds is based on the objects stated in the Red Herring Prospectus (RHP). The company may utilise the funds in accordance with the approved objectives and applicable SEBI regulations.
Analysis
About Juniper Green Energy IPO
Juniper Green Energy is one of the largest renewable power producers IPPs in India. The company is involved in designing, building, and managing large renewable energy projects with the help of EPC and O&M teams. In March 2020, the company launched its first 100 MW (144.97 MWp) solar project, and since then has grown the total capacity to 7,898.45 MW (10,069.58 MWp) as of May 31, 2025. So far, the company has grown its operations across many regions such as Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh.
Along with solar projects, the company’s portfolio also includes wind energy and advanced renewable projects like WSH and FDRE with BESS. From development, bidding, site selection, land and grid approvals, engineering, procurement, financing, construction, and operation & maintenance, the company handles the entire process of renewable energy projects. Juniper’s main aim is to encourage India to shift towards a greener future and support clean and sustainable energy.
Analysis
Juniper Green Energy IPO Company Financial Report
Juniper Green Energy Limited has demonstrated steady financial growth over the last four financial years. The company has consistently expanded its revenue while maintaining profitability, reflecting the increasing scale of its renewable energy portfolio and operational capacity. Alongside higher revenue, the company's total asset base has grown significantly as it continues to invest in new renewable energy projects and infrastructure.
The financial performance below provides investors with an overview of the company's revenue, expenses, profit after tax (PAT), and total assets. These figures help assess Juniper Green Energy's business growth, operational efficiency, and financial position prior to the IPO.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2023 | ₹362.49 Cr. | ₹372.64 Cr. | ₹12.06 Cr. | ₹3,212.01 Cr. |
| 2024 | ₹424.45 Cr. | ₹366.95 Cr. | ₹40.06 Cr. | ₹4,986.44 Cr. |
| 2025 | ₹569.78 Cr. | ₹514.88 Cr. | ₹36.48 Cr. | ₹10,356.81 Cr. |
| 2026 | ₹804.93 Cr. | ₹749.74 Cr. | ₹40.46 Cr. | ₹19,538.45 Cr. |
Amount in ₹ Crores: The above financial information is based on the latest available financial statements of Juniper Green Energy Limited and is intended to provide investors with a historical overview of the company's financial performance before the IPO.
Analysis
Juniper Green Energy IPO Valuation – FY2026
The valuation metrics of Juniper Green Energy Limited provide investors with important insights into the company's financial strength, profitability, and capital efficiency before the IPO. Key indicators such as Earnings Per Share (EPS), EBITDA Margin, Return on Equity (ROE), Return on Capital Employed (ROCE), Return on Net Worth (RoNW), Debt-to-Equity Ratio, and Net Asset Value (NAV) are commonly used to assess the company's financial performance and valuation.
Juniper Green Energy reported a strong EBITDA margin during FY2026, indicating healthy operating profitability. However, certain valuation ratios such as ROE, ROCE, and PAT Margin are not disclosed. Investors should evaluate these metrics together with the company's business model, renewable energy portfolio, growth strategy, and peer comparison before making an investment decision.
| KPI | Values |
|---|---|
| ROE | -% |
| ROCE | -% |
| EBITDA Margin | 85.99% |
| PAT Margin | -% |
| Debt to Equity Ratio | 2.75 |
| Earning Per Share (EPS) | ₹0.83 (Basic) |
| Price / Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 1.18% |
| Net Asset Value (NAV) | ₹70.02 |
Note: The above valuation figures are based on the FY2026 financial statements of Juniper Green Energy Limited. The final Price-to-Earnings (P/E) ratio will be available after the IPO price is finalized and the post-issue earnings per share are determined.
Analysis
Juniper Green Energy IPO Peer Group Comparison
A peer group comparison enables investors to evaluate Juniper Green Energy Limited alongside other listed renewable energy companies operating in similar business segments. Financial indicators such as Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), Net Asset Value (NAV), and total income provide useful benchmarks for assessing the company's valuation and overall financial position.
The comparison below highlights selected industry peers. Investors should consider these metrics together with Juniper Green Energy's business model, operational scale, project pipeline, and future growth potential before making an investment decision.
| Company | EPS | P/E Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Acme Solar Holdings Limited | 8.24 | 47.21 | 9.86% | 91.03 | ₹2,023.38 Cr. |
| NTPC Green Energy Limited | 0.62 | 148.34 | 2.76% | 26.91 | ₹2,858.42 Cr. |
| Adani Green Energy Limited | 9.65 | 156.88 | 8.27% | 127.85 | ₹12,928.00 Cr. |
| Renew Global Energy PLC | 27.60 | 22.25 | 8.25% | 343.49 | ₹13,430.50 Cr. |
Note: The above peer comparison is provided for informational purposes only. Investors should evaluate multiple financial ratios, business fundamentals, project portfolio, and industry outlook before making an investment decision regarding the Juniper Green Energy IPO.
Analysis
IPO Lead Managers aka Merchant Bankers
- ICICI Securities Ltd.
- HSBC Securities & Capital Markets (India) Pvt. Ltd.
- JM Financial Ltd.
- Kotak Mahindra Capital Co. Ltd.
FAQ
Juniper Green Energy IPO FAQs
Juniper Green Energy IPO price band is Rs 214.00 to Rs 225.00. Check the latest issue price, lot size and GMP together before applying.
Juniper Green Energy IPO open date is 30 Jul 2026, close date is 03 Aug 2026, and listing date is 06 Aug 2026.
Juniper Green Energy IPO lot size is 66 shares. The minimum retail investment is Rs 14,850.
Juniper Green Energy is classified as a Mainboard IPO. This helps investors quickly understand the issue category and exchange segment.
Juniper Green Energy IPO subscription status currently shows Retail 0.93x, QIB 24.94x, Overall 7.97x.
Juniper Green Energy, incorporated in 2011 and headquartered in New Delhi, is a renewable energy independent power producer with operations across solar, wind, and hybrid projects. The company develops, owns, and operates utility-scale renewable power projects and provides in-house engineering, procurement, construction (EPC) and operations & maintenance (O&M) services. As of March 31, 2025, Juniper Green had 3.1 GW of operational capacity and a pipeline of approximately 4.8 GW under construction and development. Over 97% of its operational capacity is tied to long-term power purchase agreements (PPAs) with reputed counterparties. The company is promoted by Arvind Tiku, Hemant Tikoo, Niharika Tiku, AT Holdings, and Juniper Renewable Holdings.
Juniper Green Energy IPO issue size is TBA and the expected allotment date is 04 Aug 2026.
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