Juniper Green Energy IPO: Price Band, Lot Size, Financials & Review
Juniper Green Energy IPO listed on BSE & NSE on Thu, 6 Aug 2026. The issue was subscribed 7.97x overall.
- Open Date
- 30 Jul 2026
- Close Date
- 3 Aug 2026
Last updated
- Price band
- ₹214 – ₹225
- Lot size
- 66 shares
- Min. investment
- ₹14,850
- Issue size
- ₹1,800 Cr
- Last GMP
- +₹23
- Subscribed
- 🔥 7.97x
Juniper Green Energy IPO details
Juniper Green Energy IPO is a ₹1,800 Cr book-building IPO on the Mainboard segment, listing on BSE & NSE. It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
The issue was open from Thu, 30 Jul 2026 to Mon, 3 Aug 2026. Allotment was finalised on Tue, 4 Aug 2026, and the shares listed on BSE & NSE on Thu, 6 Aug 2026.
The price band is ₹214 to ₹225 per share and the lot size is 66 shares, so the minimum retail application is ₹14,850. Retail investors can apply for up to 13 lots (858 shares, ₹1,93,050).
KFin Technologies Limited is the registrar, and ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Hsbc Securities & Capital Markets (India) Pvt. Ltd. are the book running lead managers.
Grey market premium (GMP)
Day-wise GMP →The last Juniper Green Energy IPO GMP before listing was +₹23 (+10.22% against the upper price band of ₹225), implying an estimated listing price of ₹248. Across 10 days of tracking, GMP ranged from +₹1 (01 Aug) to +₹23 (06 Aug).
| Last GMP | +₹23 |
|---|---|
| GMP vs upper band | +10.22% |
| Estimated listing price | ₹248 |
| Highest (06 Aug) | +₹23 |
| Lowest (01 Aug) | +₹1 |
Grey market trading is unofficial and unregulated. GMP is a sentiment indicator, not a guarantee of the listing price. See the Juniper Green Energy IPO day-wise GMP.
Subscription
Day-wise subscription →Juniper Green Energy IPO was subscribed 7.97x overall: QIB 24.94x, NII 1.82x and retail 0.93x.
| Category | Subscribed |
|---|---|
| QIB | 24.94x |
| NII | 1.82x |
| └ bNII (above ₹10 lakh) | 1.97x |
| └ sNII (₹2–10 lakh) | 1.52x |
| Retail | 0.93x |
| Employees | 3.58x |
| Total | 7.97x |
Final figures at the close of bidding on 3 Aug 2026. Category-wise bids, application-wise breakup and allotment chances are on the Juniper Green Energy IPO day-wise and category-wise subscription page.
Share reservation by category
| Category | Shares offered | Share of issue |
|---|---|---|
| Qualified Institutions | 1,68,03,737 | 28.52% |
| Non-Institutional | 1,26,02,804 | 21.39% |
| └ BNII | 84,01,870 | 14.26% |
| └ SNII | 42,00,934 | 7.13% |
| Retail Investors | 2,94,06,542 | 49.91% |
| Employees | 1,03,626 | 0.18% |
| Total | 5,89,16,709 | 100.00% |
Juniper Green Energy IPO lot size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹14,850 |
| Retail (Max) | 13 | 858 | ₹1,93,050 |
| S-HNI (Min) | 14 | 924 | ₹2,07,900 |
| S-HNI (Max) | 67 | 4,422 | ₹9,94,950 |
| B-HNI (Min) | 68 | 4,488 | ₹10,09,800 |
Amounts at the upper end of the price band.
Issue structure and valuation
It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
At the upper price band of ₹225, the issue is priced at 271.08x pre-issue earnings and 316.90x post-issue earnings per share.
The post-issue P/E is higher because the fresh issue adds new shares, which spreads the same profit over more shares.
Listed peers with positive earnings trade at a median P/E of 97.78x (4 companies).
| EPS (pre-issue) Latest earnings per share before the issue | ₹0.83 |
|---|---|
| P/E (pre-issue) Upper price band ÷ pre-issue EPS | 271.08x |
| EPS (post-issue) EPS on the enlarged share capital | ₹0.71 |
| P/E (post-issue) Upper price band ÷ post-issue EPS | 316.90x |
| Promoter holding (pre-issue) | 100.00% |
| Promoter holding (post-issue) | 0.00% |
Juniper Green Energy Limited financials
Between 31 Mar 2025 and 31 Mar 2026, Income rose from ₹569.78 Cr to ₹804.93 Cr, and profit after tax rose from ₹36.48 Cr to ₹40.46 Cr. The PAT margin for 31 Mar 2026 was 5.03%.
| Period ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 19,538.45 | 10,356.81 | 4,986.44 |
| Total Income | 804.93 | 569.78 | 424.45 |
| Profit After Tax | 40.46 | 36.48 | 40.06 |
| EBITDA | 692.18 | 485.69 | 370.84 |
| Net Worth | 122.89 | 116.29 | 108.21 |
| Reserve & Surplus | 2,934.89 | 2,870.91 | 1,555.14 |
| Total Borrowings | 12,920.54 | 5,502.53 | 2,671.70 |
₹ in crore, as stated in the prospectus.
Key performance indicators
| KPI | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| RoNW % | 1.18 | 1.09 | 2.31 |
Peer comparison
| Company | Face value | P/E | EPS (basic) | EPS (diluted) | RoNW | NAV |
|---|---|---|---|---|---|---|
| Juniper Green Energy Ltd | 10 | — | 0.83 | 0.83 | 1.18% | 70.02 |
| Acme Solar Holdings Ltd | 2 | 47.21 | 8.24 | 8.16 | 9.86% | 91.03 |
| Ntpc Green Energy Ltd | 10 | 148.34 | 0.62 | 0.62 | 2.76% | 26.91 |
| Adani Green Energy Ltd | 10 | 156.88 | 9.65 | 9.65 | 8.27% | 127.85 |
| Renew Global Energy PLC Ltd | 0 | 22.25 | 27.60 | 27.24 | 8.25% | 343.49 |
From the prospectus. P/E is shown as — when earnings are zero or negative, or not reported for the issuer before listing.
Objectives
The company intends to allocate the net proceeds from the offering to the following objectives.
| Sr | Objective |
|---|---|
| 1 | Repayment/pre-payment, in full or part of certain borrowings availed by our Company |
| 2 | Investment in our 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 our Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Ray Two Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings |
| 3 | General corporate purposes |
About Juniper Green Energy Limited
Juniper Green Energy is one of India's leading independent renewable energy power producers, focused on the development, construction, and operation of solar, wind, and hybrid renewable energy projects. The company is committed to supporting India's transition to clean and sustainable energy by generating electricity from non-fossil fuel sources.
Juniper Green Energy manages the entire lifecycle of renewable energy projects, including:
- Bidding and participation in government auctions
- Site identification and feasibility assessment
- Land acquisition and securing grid connectivity approvals
- Engineering, design, and technology selection
- Procurement of equipment and materials
- Project financing
- Construction and commissioning of power plants
- Operations and maintenance (O&M)
The company has entered into long-term Power Purchase Agreements (PPAs) with major government organizations such as SECI (Solar Energy Corporation of India), SJVN, NHPC, and NTPC, as well as private sector customers including Tata Power Company Limited, ensuring stable long-term revenue.
As of May 31, 2025, Juniper Green Energy had a total renewable energy portfolio of 7,898.45 MW, comprising operational, under-construction, and pipeline projects. The company has established a strong presence across several Indian states, including Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh, with a continued focus on expanding its renewable energy footprint.
Promoters
- Arvind Tiku
- Hemant Tikoo
- Niharika Tiku
- AT Holdings Pte. Ltd.
- Juniper Renewable Holdings Pte. Ltd.
Contact details
Juniper Green Energy Ltd.
1103A & 1103B, 11th Floor,
Hemkunt Chamber, 89,
Nehru Place New Delhi
Delhi, New Delhi, 110019
Phone: +91 124 473 9600
Email: investors@junipergreenenergy.com
Website: http://www.junipergreenenergy.com/
Juniper Green Energy IPO FAQs
- What is the Juniper Green Energy IPO price band?
- The Juniper Green Energy IPO price band is ₹214 to ₹225 per share.
- What is the Juniper Green Energy IPO lot size and minimum investment?
- The Juniper Green Energy IPO lot size is 66 shares. The minimum retail investment is ₹14,850 for one lot at the upper price band. Retail investors can apply for up to 13 lots (858 shares), costing ₹1,93,050.
- When was Juniper Green Energy IPO open for subscription?
- Juniper Green Energy IPO was open for subscription from Thu, 30 Jul 2026 to Mon, 3 Aug 2026.
- What is the Juniper Green Energy IPO subscription status?
- Juniper Green Energy IPO was subscribed 7.97x overall: QIB 24.94x, NII 1.82x and retail 0.93x. Day-wise and category-wise figures are on the subscription page.
- What was the Juniper Green Energy IPO GMP before listing?
- The last Juniper Green Energy IPO GMP before listing was +₹23 (+10.22% against the upper price band of ₹225), implying an estimated listing price of ₹248. Across 10 days of tracking, GMP ranged from +₹1 (01 Aug) to +₹23 (06 Aug). GMP is an unofficial grey market indicator and can change quickly.
- What is the Juniper Green Energy IPO allotment date?
- The Juniper Green Energy IPO basis of allotment was finalised on Tue, 4 Aug 2026. You can check your allotment status on the KFin Technologies Limited website.
- What is the Juniper Green Energy IPO listing date?
- Juniper Green Energy IPO listed on BSE & NSE on Thu, 6 Aug 2026.
- Is the Juniper Green Energy IPO a fresh issue or an offer for sale?
- It is entirely a fresh issue of shares, so all the money raised goes to the company; there is no offer for sale by existing shareholders.
- Who are the registrar and lead managers of the Juniper Green Energy IPO?
- The registrar for the Juniper Green Energy IPO is KFin Technologies Limited, and the book running lead managers are ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited and Hsbc Securities & Capital Markets (India) Pvt. Ltd..
Data is compiled from the prospectus, stock exchanges and market sources and is for information only. It is not investment advice; read the RHP before applying.