Juniper Green Energy IPO is a book-built public issue with a total issue size of ₹1,800 crore. The IPO consists entirely of a fresh issue of 8 crore equity shares, with no offer-for-sale (OFS) component.The price band for the IPO has been fixed at ₹214 to ₹225 per share. Investors can apply for a minimum of 66 shares, requiring a minimum investment of ₹14,850 for retail investors at the upper end of the price band.
ICICI Securities Limited is the book-running lead manager to the issue, while Kfin Technologies Limited has been appointed as the registrar.
Industry Outlook
Global electricity demand grew by 2.8% year-on-year in 2025, following a 4.1% increase in 2024. Demand is projected to expand at an average annual rate of 3.6% between 2026 and 2030, driven by industrial growth, electric vehicles, air conditioning, and the increasing power requirements of data centres.
Emerging and developing economies accounted for around 80% of the increase in global electricity demand in 2025, with China remaining the largest contributor. Electricity consumption also continued to rise across advanced economies, including the United States and the European Union.
India has emerged as the world's third-largest producer and consumer of electricity. The country's installed power generation capacity reached approximately 533 GW as of March 2026 and is expected to exceed 800 GW by 2030, supported by continued investments in conventional and renewable energy.
The Indian power sector operates under a collaborative regulatory framework, with both the Central and State Governments playing key roles in policy formulation, infrastructure development, tariff regulation, and power distribution. Institutions such as the Central Electricity Authority (CEA), Central Electricity Regulatory Commission (CERC), and State Electricity Regulatory Commissions (SERCs) support sector planning and oversight.
India's electricity demand has continued to grow alongside economic expansion, urbanisation, industrialisation, and increasing electrification. Government initiatives such as 24x7 Power for All, SAUBHAGYA, the Green Energy Corridor, and the National Infrastructure Pipeline (NIP) are strengthening power infrastructure and improving access to electricity.
The country's electricity supply has kept pace with rising demand through significant additions in generation and transmission capacity. As a result, the energy deficit has steadily declined, reaching near-zero levels in Fiscal 2026, reflecting improvements in grid connectivity and transmission infrastructure.
Peak power demand continues to rise due to higher industrial activity, urbanisation, and increasingly frequent extreme weather conditions. India recorded a record peak power demand of 270.82 GW in May 2026, highlighting the need for additional generation capacity, grid flexibility, and energy storage solutions.
Renewable energy is expected to remain a key growth driver for the Indian power sector. Increasing investments in solar, wind, hybrid renewable projects, and battery energy storage systems (BESS), supported by favourable government policies and long-term decarbonisation goals, are expected to accelerate the country's clean energy transition.
Juniper Green Energy IPO Objectives
The company intends to utilise the net proceeds from the IPO for the following purposes:
₹683.24 crore will be used to repay or prepay certain outstanding borrowings of the company.
₹728.69 crore will be invested in select material subsidiaries, Juniper Green Gamma One Private Limited, Juniper Green Three Private Limited, Juniper Green Field Private Limited, Juniper Green Beam Private Limited, Juniper Green Kite Private Limited, and Juniper Green Ray Two Private Limited, to enable them to repay or prepay their existing borrowings, either fully or partially.
The remaining proceeds will be used for general corporate purposes, including supporting the company's overall business and operational requirements.
About Juniper Green Energy Limited
Founded in December 2011, Juniper Green Energy Limited is a leading renewable energy independent power producer (IPP) in India. The company develops, builds, owns, operates, and maintains utility-scale renewable energy projects across solar, wind, wind-solar hybrid (WSH), and firm and dispatchable renewable energy (FDRE) segments, supported by battery energy storage systems (BESS). It primarily earns revenue through long-term power purchase agreements (PPAs) with central and state government-backed entities.
As of June 30, 2026, the company had a diversified renewable energy portfolio of 7,910.20 MW (10,247.06 MWp), including operational, under-construction, contracted, and awarded projects, placing it among the top 10 renewable energy IPPs in India by total capacity. Its integrated in-house engineering, procurement and construction (EPC) and operations and maintenance (O&M) capabilities enable efficient project execution, supported by strong expertise in land acquisition, grid connectivity, and technology-led project development.
Backed by an experienced leadership team, Juniper Green Energy continues to expand its renewable energy portfolio while focusing on operational efficiency, supply chain resilience, and long-term sustainable growth. As of June 30, 2026, the company employed 733 permanent professionals across engineering, project development, operations and maintenance, finance, procurement, legal, quality, health and safety, business development, technology, and corporate functions.
How To Check the Allotment Status of the Juniper Green Energy IPO?
Steps to check IPO allotment status on Angel One’s app:
Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Juniper Green Energy IPO Online?
Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
Locate the IPO Section: Navigate to the 'IPO' section on the platform.
Select IPO: Find and select the Juniper Green Energy IPO from the list of open IPOs.
Enter the Lot Size: Specify the number of lots you want to bid for.
Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Juniper Green Energy IPO
Registered Office: Juniper Green Energy Ltd. Address- 1103A & 1103B, 11th Floor, Hemkunt Chamber, 89, Nehru Place New Delhi, Delhi, New Delhi, 110019
Phone: +91 124 473 9600
E-mail: investors@junipergreenenergy.com
Juniper Green Energy IPO Reservation
Investor Category | Reservation |
Qualified Institutional Buyers (QIBs) | Not more than 50% of the Net Issue |
Retail Individual Investors (RIIs) | Not less than 35% of the Net Issue |
Non-Institutional Investors (NIIs) | Not less than 15% of the Net Issue |
Juniper Green Energy IPO Promoter Holding
The promoters of the company are Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte.Ltd., Juniper Renewable Holdings Pte.Ltd.
Share Holding Pre-Issue
| 100.00% |
Share Holding Post Issue | NA |
Juniper Green Energy IPO Prospectus
Juniper Green Energy IPO Registrar and Lead Managers
Juniper Green Energy IPO Lead Managers
ICICI Securities Ltd
HSBC Securities & Capital Markets (India) Pvt.Ltd
JM Financial Ltd
Kotak Mahindra Capital Co.Ltd
Registrar for Juniper Green Energy IPO
Kfin Technologies Ltd.
Contact Number: 040-79615565
Email Address: junipergreen.ipo@kfintech.com
Financial Performance of Juniper Green Energy Limited
Particulars (₹ Crore) | FY26 (Mar 31, 2026) | FY25 (Mar 31, 2025) | FY24 (Mar 31, 2024) |
Assets | 19,538.45 | 10,356.81 | 4,986.44 |
Total Income | 804.93 | 569.78 | 424.45 |
Profit After Tax (PAT) | 40.46 | 36.48 | 40.06 |
EBITDA | 692.18 | 485.69 | 370.84 |
Net Worth | 122.89 | 116.29 | 108.21 |
Reserves and Surplus | 2,934.89 | 2,870.91 | 1,555.14 |
Total Borrowings | 12,920.54 | 5,502.53 | 2,671.70 |
Juniper Green Energy Limited Peer Details Comparison
Company Name | Basic EPS (₹) | Diluted EPS (₹) | NAV (₹/Share) | P/E (x) | RoNW (%) | P/BV Ratio (x) |
Juniper Green Energy Ltd. | 0.83 | 0.83 | 70.02 | — | 1.18 | — |
Acme Solar Holdings Ltd. | 8.24 | 8.16 | 91.03 | 47.21 | 9.86 | 4.23 |
NTPC Green Energy Ltd. | 0.62 | 0.62 | 26.91 | 148.34 | 2.76 | 3.50 |
Adani Green Energy Ltd. | 9.65 | 9.65 | 127.85 | 156.88 | 8.27 | 11.91 |
Renew Global Energy PLC Ltd. | 27.60 | 27.24 | 343.49 | 22.25 | 8.25 | 1.77 |
Strengths and Opportunities of Juniper Green Energy IPO
Ranked among the top 10 renewable energy independent power producers (IPPs) in India by total capacity as of March 31, 2026, with expertise in executing complex renewable energy projects.
Strong project development capabilities supported by early land acquisition and timely grid connectivity, enabling efficient project execution.
Benefits from long-term power purchase agreements (PPAs) with central and state government-backed entities under fixed tariff structures, providing stable and predictable revenue streams.
Demonstrated track record of delivering projects on or ahead of schedule, backed by integrated in-house engineering, procurement and construction (EPC) and operations and maintenance (O&M) capabilities.
Well-established supply chain management strategy that helps ensure timely procurement and consistent quality of critical equipment and components.
Supported by experienced promoters, strong financial partners, and an accomplished management team, providing a solid foundation for long-term growth.
Risks and Threats of Juniper Green Energy IPO
The company derives a significant share of its revenue from electricity sales, with a large portion generated from its top two customers. Any reduction or termination of these commercial relationships could adversely impact revenue, profitability, and cash flows.
Operations depend on a limited number of key suppliers for critical equipment and components. Any disruption in the supply chain or delays in procurement could affect project execution and business performance.
The corporate promoter has pledged a portion of its shareholding. Enforcement of these pledged shares could reduce the promoter's stake and potentially affect the company's reputation and ownership structure.
The company's renewable energy projects are concentrated in Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. Changes in government policies, regulatory developments, or natural disasters in these states could adversely affect operations.
Future growth depends on the timely identification and acquisition of suitable land for new renewable energy projects. Delays or challenges in securing land may impact project development, resulting in cost overruns, penalties, or lower tariffs.
Power generation is influenced by environmental conditions, seasonal variations, and natural calamities, which may affect electricity generation, financial performance, and cash flows.




