₹1,800 crore fresh issue aims to support debt reduction and the renewable energy company’s future growth

Juniper Green Energy Limited fixed the price band for its ₹1,800 crore Initial Public Offering at ₹214 to ₹225 per equity share.

The public issue opened for subscription on July 30, 2026, and closed on August 3, 2026. The company’s equity shares are scheduled to be listed on the BSE and National Stock Exchange of India on August 6, 2026. Anchor investor bidding was conducted on July 29.

Entirely a Fresh Issue of Shares

The IPO consists entirely of a fresh issue of equity shares with a face value of ₹10 each. It does not include an offer-for-sale component, which means the proceeds will be received by the company instead of being paid to existing shareholders selling their stakes.

The issue size is up to ₹18,000 million, equivalent to ₹1,800 crore. The equity shares are proposed to be listed on both the BSE and NSE, with NSE designated as the primary stock exchange for the issue.

At the upper end of the ₹214–225 price band, Juniper Green Energy’s post-issue market capitalisation is estimated at approximately ₹12,802 crore.

IPO Proceeds to Support Debt Repayment

Juniper Green Energy plans to use ₹683.24 crore from the net proceeds to repay or prepay certain outstanding borrowings of the company.

Another ₹728.69 crore will be invested in three subsidiaries:

• Juniper Green Gamma One
• Juniper Green Kite
• Juniper Green Power Five

These investments will help the subsidiaries repay or prepay some of their outstanding loans. The remaining proceeds will be used for general corporate purposes.

Reducing debt is expected to strengthen the company’s balance sheet, lower finance-related obligations and provide greater flexibility for future renewable energy investments.

Issue Structure and Investor Categories

The issue reserved 50% of the net offer for Qualified Institutional Buyers, 15% for Non-Institutional Investors and 35% for Retail Individual Investors.

Equity shares worth up to ₹2 crore were reserved for eligible employees, with an employee discount of ₹21 per equity share. The minimum application lot was 66 shares, requiring an investment of ₹14,850 at the upper price band.

ICICI Securities Limited, HSBC Securities and Capital Markets India Private Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited are the book-running lead managers for the issue.

KFin Technologies Limited is the registrar to the IPO.

Expanding Renewable Energy Operations

Juniper Green Energy is an independent power producer that develops, constructs and operates utility-scale renewable energy projects across India.

Its portfolio covers:

• Solar energy projects
• Wind power projects
• Wind-solar hybrid projects
• Battery energy storage systems
• Firm and dispatchable renewable energy projects
• Renewable power trading

The company operates an integrated platform covering project development, engineering, procurement, construction and project operations.

This integrated model allows the company to manage multiple stages of renewable energy project execution, from identifying development opportunities and securing connectivity to constructing, commissioning and operating power-generation assets.

Focus on Hybrid Power and Energy Storage

Alongside conventional solar and wind projects, Juniper Green Energy is expanding into hybrid and battery-supported renewable energy systems.

Hybrid projects combine multiple generation sources, such as solar and wind, to improve power availability across different periods of the day. Battery energy storage systems can store surplus renewable electricity and supply it when generation is low or electricity demand increases.

These technologies are becoming increasingly important as India adds more renewable power capacity and works to improve grid reliability.

Firm and dispatchable renewable energy projects combine renewable generation with energy storage to provide more consistent and predictable electricity supply than standalone solar or wind installations.

Growing Interest in Renewable Energy Companies

The IPO comes as India continues to expand its clean-energy infrastructure and attract investments across renewable power generation, battery storage, transmission and green manufacturing.

Renewable energy companies require substantial capital to develop new projects, purchase equipment, establish grid connectivity and manage construction before their assets begin generating revenue.

Access to public-market capital can help companies strengthen their financial position, reduce borrowing costs and support the development of larger project portfolios.

For Juniper Green Energy, the fresh issue is expected to support debt reduction while positioning the company for continued participation in India’s expanding renewable energy market.

Listing on BSE and NSE

Following the completion of the subscription, allotment and share-credit process, Juniper Green Energy’s shares are scheduled to debut on the BSE and NSE on August 6, 2026.

The listing will provide the company with access to public equity markets while allowing investors to participate in a renewable energy platform operating across solar, wind, hybrid and energy-storage segments.

Investors should consider the company’s financial position, debt levels, project-execution requirements, regulatory exposure and other risk factors disclosed in the Red Herring Prospectus before making investment decisions.