Juniper Green Energy IPO
Market Sentiment
IPO Details
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Financial Analysis
| Metric | 2023 | 2024 | December 2024 |
|---|---|---|---|
| Revenue | 362.49 | 424.45 | 386.40 |
| Expense | 372.64 | 366.95 | 370.99 |
| Profit (PAT) | 12.06 | 40.06 | 7.82 |
| Total Assets | 3,212.01 | 4,986.44 | 9,090.93 |
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% |
Company Information
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.
| 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
Juniper Green Energy Ltd., 1103A & 1103B, 11th Floor,, Hemkunt Chamber, 89,, Nehru Place New Delhi, Delhi, New Delhi, 110019
Juniper Green Energy is preparing a sme offering for an issue size of Rs 3,000 crore. The SME issue is in the upcoming pipeline with dates yet to be finalised.
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.
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 17.1%, a profit margin of 9.4%, return on equity of 2.3% in its most recent reported period.
All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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