Juniper Green Energy IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 5 |
|---|---|---|---|
| QIB | 1.00x | 1.19x | 26.22x |
| NII | 0.05x | 0.09x | 1.92x |
| bNII > ₹10L | 0.03x | 0.05x | 1.97x |
| sNII 2-10L | 0.10x | 0.16x | 1.52x |
| Retail | 0.12x | 0.22x | 0.97x |
| Employee | 1.02x | 1.69x | 3.79x |
| Total | 0.36x | 0.47x | 8.38x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Revenue | 362.49 | 424.45 | 569.78 | 804.93 |
| Expense | 372.64 | 366.95 | 514.88 | 749.74 |
| Profit (PAT) | 12.06 | 40.06 | 36.48 | 40.46 |
| Total Assets | 3,212.01 | 4,986.44 | 10,356.81 | 19,538.45 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Juniper Green Energy This IPO | 0.83 | - | 1.18 | 70.02 | - |
| Acme Solar Holdings Limited | 8.24 | 47.21 | 9.86 | 91.03 | 2,023.38 Cr |
| NTPC Green Energy Limited | 0.62 | 148.34 | 2.76 | 26.91 | 2,858.42 Cr |
| Adani Green Energy Limited | 9.65 | 156.88 | 8.27 | 127.85 | 12,928.00 Cr |
| Renew Global Energy PLC | 27.60 | 22.25 | 8.25 | 343.49 | 13,430.50 Cr |
Promoters & Holding Pattern
Promoters: Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte. Ltd and Juniper Renewable Holdings Pte. Ltd
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 48,89,89,292 | 100.00% |
Strengths & Risks
- Strongly subscribed — 8.4x overall (so far).
- Strong institutional (QIB) demand — 26.2x.
- Revenue grew 41% in the latest reported year.
- Modest return on equity — 2%.
- Elevated leverage — debt/equity of 2.75.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Juniper Green Energy
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.
Company Contact Information
Juniper Green Energy Ltd., 1103A & 1103B, 11th Floor,, Hemkunt Chamber, 89,, Nehru Place New Delhi, Delhi, New Delhi, 110019
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Repayment/pre-payment, in full or part of certain borrowings availed by our Company | 1,092.27 |
| 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 | 1,157.73 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Juniper Green Energy IPO - Quick Take
Juniper Green Energy has set a price band of Rs 214–Rs 225 per share for an issue size of Rs 1,800 crore. The stock listed with a 8.89% gain versus its issue price on August 06, 2026.
The issue is promoted by Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte. Ltd and Juniper Renewable Holdings Pte. Ltd with ICICI Securities Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., JM Financial Ltd., Kotak Mahindra Capital Co.Ltd. acting as lead manager. Net proceeds will primarily be used towards repayment/pre-payment, in full or part of certain borrowings availed by our Company (Rs 1,092 crore) and investment in our Material Subsidiaries namely Juniper Green Gamma One Private Limited, Juniper Green Three Private Limi… (Rs 1,158 crore).
On fundamentals, the company is posting revenue growth of 41.3%, a profit margin of 5.0%, return on equity of 2.3% in its most recent reported period. Listed peers in this segment include Acme Solar Holdings Limited (P/E 47.21x) and NTPC Green Energy Limited (P/E 148.34x) — useful reference points when evaluating the issue's pricing relative to where the broader sector is trading.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Juniper Green Energy IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 10%. Of the 24 Mainboard IPOs we have tracked with a final GMP between 10% and 25%, 22 listed above, 1 flat and 1 below the issue price; Juniper Green Energy listed 8.9% above its issue price.
See the full Juniper Green Energy GMP history and trend, or learn how grey market premium works and how reliable it is.
Related IPO
Same sector or same stage as Juniper Green Energy
No comments yet. Be the first to share your opinion!