Juniper Green Energy IPO: Price Band ₹214-₹225, Opens July 30
Utility-scale wind and solar energy project in an arid Indian landscape
Key Highlights
Juniper Green Energy sets IPO price band at ₹214-₹225 per share, aiming to raise ₹1,800 crore. Subscription opens July 30 to August 3.
Juniper Green Energy Ltd has priced its (IPO) at ₹214-₹225 per equity share, targeting to raise ₹1,800 crore. The public issue, consisting entirely of a fresh equity share issue, opens on July 30 and closes on August 3.
Key IPO Details
- : ₹214-₹225 per equity share
- : ₹1,800 crore (fresh issue)
- Dates: July 30 – August 3
- Anchor Investor Bidding: July 29
- Estimated Market Capitalisation (upper end, post-issue): Approximately ₹12,802 crore
- Initial Proposed Raise: Up to ₹3,000 crore
The company plans to use the capital for debt repayment and strategic investments in its subsidiaries. This move follows an initial proposal to raise a larger sum.
Capital Utilisation Strategy
- Repaying existing borrowings: ₹683.24 crore
- Investing in subsidiaries (Juniper Green Gamma One, Juniper Green Kite, Juniper Green Power Five) for loan repayment: ₹728.69 crore
- Remaining funds: General corporate purposes
Backed by Singapore-based AT Capital Group, Juniper Green Energy develops and operates utility-scale solar, wind, hybrid, and battery energy storage projects across India. The Gurugram-based firm manages an integrated platform from project development to operations.
Notable projects include India’s first merchant 100 MWh Battery Energy Storage System (BESS) in Rajasthan. It also features an integrated Firm and Dispatchable Renewable Energy (FDRE) project combining solar, wind, and battery storage solutions.
IPO Structure and Listing
- IPO : 66 shares
- (QIBs) Reservation: 50%
- Non-Institutional Investors (NIIs) Reservation: 15%
- Investors Reservation: 35%
- : Up to ₹2 crore worth of shares, with a ₹21 per share discount
- : August 6 on and
ICICI Securities, HSBC Securities, JM Financial, and Kotak Mahindra Capital are serving as the book-running lead managers. KFin Technologies is the registrar for the issue.