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.
IPO GMP
+₹22
+10% expected gain
Price Band
₹214 - ₹225
Lot Size
66 shares
Min Investment
₹14,850
Listing Date
August 6, 2026
About Juniper Green Energy
Company overview, business, and key facts.
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.
Headquarters
New Delhi
Promoters
Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte
Website
http://www.junipergreenenergy.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Leading renewable energy independent power producer: The company ranks among the top 10 renewable energy IPPs operating in India. Its varied combination of solar, wind, and hybrid projects ensures its strength in the burgeoning renewable energy sector of India.
- Project development capability: The company has shown the capability to acquire lands and connect to the grid far in advance of the project execution process. This capability ensures efficient project development process and efficient project execution.
- Long-term power purchase agreements: The company has entered into long-term PPAs with central, state governments and also private companies. Long-term PPAs ensure stable revenues and protect the company from the fluctuating prices of merchant power.
Risks
- High dependence on key power off-takers: Majority of the company's revenues are generated by a few power off-takers. Any loss of key commercial relationship or reduction in power offtake will affect its operations and cash flow.
- Dependency on competitive auctions: The growth of the company depends on the successful bidding for renewable energy projects through competitive bidding process.
- Risk of project implementation and growth: Future growth of the firm depends on the successful execution and completion of its renewable energy projects. Any delays in execution of these projects can be a problem for the firm.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Juniper Green Energy IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+41.3%
30.5% a year over the period
Profit growth, 2026
+10.9%
49.7% a year over the period
Profit margin (PAT)
5%
EBITDA margin 85.99%
Debt to equity
2.75
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹1,452
66 shares on ₹14,850. GMP is unofficial.
What stands out
- GMP has been rising over the last three readings.
Watch-outs
- Leverage: debt to equity is 2.75.
- 100% of the disclosed use of proceeds is debt repayment.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: post-IPO share count (market cap and P/E not computable).
IPO Analysis SummaryAI-generated
A plain-language review of Juniper Green Energy's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Juniper Green Energy IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Juniper Green Energy IPO is trading at a grey market premium (GMP) of +₹22 (+10% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 7.93x overall — QIB: 24.94x, NII: 1.8x, Retail: 0.85x.
Juniper Green Energy IPO subscription has closed. The shares are expected to list on August 6, 2026.
The minimum investment required is ₹14,850 for 66 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Leading renewable energy independent power producer: The company ranks among the top 10 renewable energy IPPs operating in India. Its varied combination of solar, wind, and hybrid projects ensures its strength in the burgeoning renewable energy sector of India.; Project development capability: The company has shown the capability to acquire lands and connect to the grid far in advance of the project execution process. This capability ensures efficient project development process and efficient project execution.. Investors should note the following risks: High dependence on key power off-takers: Majority of the company's revenues are generated by a few power off-takers. Any loss of key commercial relationship or reduction in power offtake will affect its operations and cash flow.; Dependency on competitive auctions: The growth of the company depends on the successful bidding for renewable energy projects through competitive bidding process..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Juniper Green Energy IPO — Frequently Asked Questions
What is Juniper Green Energy IPO GMP today?
Juniper Green Energy IPO GMP (grey market premium) today is +₹22, suggesting an estimated listing gain of +10%. GMP is indicative and subject to change.
What is the price band of Juniper Green Energy IPO?
The price band for Juniper Green Energy IPO is ₹214 - ₹225 with a lot size of 66 shares. The minimum investment required is ₹14,850.
When is Juniper Green Energy IPO allotment date?
Juniper Green Energy IPO allotment is expected to be finalised on August 4, 2026. You can check your allotment status on the registrar's website (Kfin Technologies Ltd.) using your PAN number.
When will Juniper Green Energy IPO list on NSE/BSE?
Juniper Green Energy IPO is expected to list on BSE, NSE on August 6, 2026.
How to check Juniper Green Energy IPO allotment status?
To check Juniper Green Energy IPO allotment status, visit the registrar's website (Kfin Technologies Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Juniper Green Energy IPO?
Juniper Green Energy IPO has a GMP of +₹22. Before applying, review the company's financials, business model, issue structure (OFS vs fresh issue), and sector outlook. IPOLyst is not a SEBI-registered investment advisor — please consult a qualified financial advisor before investing.
What is the lot size of Juniper Green Energy IPO?
The lot size for Juniper Green Energy IPO is 66 shares per lot. The minimum investment for retail investors is ₹14,850. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.