Juniper Green Energy IPO

Renewable Energy Power ProducerMainboard

IPO Details

Bidding Dates

30 Jul '26 - 03 Aug '26

Minimum Investment

₹14,850 (66 shares)

Price Range

₹214–₹225 per share

Maximum Investment

₹1,93,050 (858 shares/13 lots)

Retail Discount

To be announced

Issue Size

₹1,800 crore

Investor category and sub category

Retail Individual Investors (RII)  |  Non-institutional Investors (NII)  |  Qualified Institutional Buyers (QIB)

Juniper Green Energy IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 30, 26

IPO Closing Date

Aug 3, 26

Basis of Allotment

Aug 4, 26

Initiation of Refunds

Aug 5, 26

IPO Listing Date

Aug 6, 26

About Juniper Green Energy IPO

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 

  1. 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. 

  1. 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. 

  1. 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. 

  1. 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. 

  1. India's electricity demand has continued to grow alongside economic expansion, urbanisationindustrialisation, 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. 

  1. 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. 

  1. 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. 

  1. 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: 

  1. ₹683.24 crore will be used to repay or prepay certain outstanding borrowings of the company. 

  1. ₹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. 

  1. 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: 

  1. Log in to the Angel One app. 

  1. Go to the IPO Section and then to IPO Orders. 

  1. Select the individual IPO that you had applied for and check the allotment status. 

  1. Angel One will notify you of your IPO allotment status via push notification and email. 

How To Apply for Juniper Green Energy IPO Online? 

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials. 

  1. Locate the IPO Section: Navigate to the 'IPO' section on the platform. 

  1. Select IPO: Find and select the Juniper Green Energy IPO from the list of open IPOs. 

  1. Enter the Lot Size: Specify the number of lots you want to bid for. 

  1. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application. 

  1. 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 

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 

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 

  1. 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. 

  1. Strong project development capabilities supported by early land acquisition and timely grid connectivity, enabling efficient project execution. 

  1. 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. 

  1. 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. 

  1. Well-established supply chain management strategy that helps ensure timely procurement and consistent quality of critical equipment and components. 

  1. 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  

  1. 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. 

  1. 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. 

  1. 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. 

  1. 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. 

  1. 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. 

  1. Power generation is influenced by environmental conditions, seasonal variations, and natural calamities, which may affect electricity generation, financial performance, and cash flows. 

  • How to Apply in IPO
  • How to Check IPO Allotment Status
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Login to Angel One App / Website & click on IPO

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Select desired IPO & tap on "Apply"

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Enter UPI ID, set quantity/price & submit

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Accept mandate on the UPI app to complete the process

Juniper Green Energy IPO FAQs

1. Multiple Submissions: Use different Demat accounts to make multiple applications. 

2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band. 

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame. 

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

You can submit only one application using your PAN card. 

Pre-apply allows investors to apply for the Juniper Green Energy IPO two days before the subscription period opens, ensuring an early submission of your application. 

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

The Juniper Green Energy IPO is proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange. 

Retail investors can apply for a minimum of 1 lot, comprising 66 equity shares. At the upper price band of ₹225 per share, the minimum investment required is ₹14,850.

The basis of allotment for the Juniper Green Energy IPO is tentatively scheduled to be finalised on August 4, 2026 (Tuesday).

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