Juniper Green Energy was incorporated on December 5, 2011. The company is one of India’s top 10 renewable independent power producers by total capacity as of December 2024. It develops, builds, and operates large-scale solar and wind energy projects, with in-house engineering, procurement, and maintenance teams, and sells electricity to government-backed buyers
| Bidding Dates |
|---|
| 30 Jul 2026 - 03 Aug 2026 |
| Subscription |
|---|
| 7.97x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,124 | 1 | 13 | 66 | 80.0 M | ₹214 - ₹225 | 85.94 % | ₹17120.0 M - ₹18000.0 M | RHP DOC |
Juniper Green Energy IPO SUBSCRIPTION STATUS
03 Aug '26Juniper Green Energy IPO overall subscription rate was 7.97 times the total available shares
Juniper Green Energy IPO retail subscription rate was 0.93 times in the retail segment
Juniper Green Energy IPO non-institutional investor subscription rate was 1.82 times in the non-institutional investor category
Juniper Green Energy IPO Qualified Institutional Bidder subscription rate was 24.94 times the available shares for Qualified Institutional Bidder
Juniper Green Energy IPO Employees subscription rate was 3.58 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
03 Aug 2026 (Day 3) | 0.93x | 1.82x | 24.94x | 3.58x |
31 Jul 2026 (Day 2) | 0.22x | 0.08x | 1.19x | 1.69x |
30 Jul 2026 (Day 1) | 0.12x | 0.05x | 1x | 1.02x |
Juniper Green Energy FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 718.9 | 40.5 | 470.0 | -6,161.9 | 86.0% |
| FY25 | 508.7 | 36.5 | 365.1 | -2,205.0 | 85.2% |
| FY24 | 391.6 | 40.1 | 322.2 | -506.3 | 87.4% |
Juniper Green Energy IPO SUBSCRIPTION STATUS DETAILS
Juniper Green Energy had 80.0 M shares on offer
Juniper Green Energy IPO offer price was in the range ₹214 - ₹225
Juniper Green Energy IPO minimum Investment was ₹14124
Juniper Green Energy IPO issue size was ₹ 17120.0 M - ₹ 18000.0 M
Juniper Green Energy had a minimum lot size of 66 Shares per application
Juniper Green Energy NUMBER OF SHARES ON OFFER
Juniper Green Energy IPO IMPORTANT DATES
| Issue Open Date | 30 Jul 2026 |
| Issue close Date | 03 Aug 2026 |
| Allotment Date | 04 Aug 2026 |
| Refund Date | 05 Aug 2026 |
| Demat Account Credit Date | 05 Aug 2026 |
| Listing Date | 06 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Juniper Green Energy Allotment Status | Exchange/ Registrar |
Juniper Green Energy IPO subscription opened on 30 Jul 2026, and closed on 03 Aug 2026
IPO allotment for Juniper Green Energy was finalized on Tuesday, 04 Aug 2026
IPO listing for Juniper Green Energy was on NSE and BSE on Thursday, 06 Aug 2026
Juniper Green Energy IPO LISTING GAINS
| Issue Price (adjusted) | 225.0 |
| Listing Open Price | 245.0 |
| Listing Close Price | 259.7 |
| Listing Gain% | 8.9% |
| Current Gain% | 11.2% |
Juniper Green Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Juniper Green Energy Ltd. | 250.2 | 14237.3 | 351.8 | 32.2 | 17.7 | 1.2 | 0.2 | 804.9 | 41.3 | 40.5 | 10.9 | 0.7 | 10.9 |
| Adani Green Energy Ltd. | 1372.4 | 226058.5 | 126.7 | 29.7 | 16.7 | 8.6 | 1.1 | 13819 | 11.2 | 1652 | 14.4 | 10.8 | 4.3 |
| Siemens Energy India Ltd. | 3648.8 | 129941.2 | 87.3 | 1.9 | 13.8 | 25.1 | 11.5 | 7932 | 66.6 | 1100.1 | 83.4 | 41.8 | 46.7 |
| NHPC Ltd. | 76.9 | 77266.4 | 20.4 | 0.8 | 6.3 | 9.1 | 3.1 | 12686.1 | 8.2 | 3765.7 | 25.2 | 3.8 | 24.1 |
| NTPC Green Energy Ltd. | 91.5 | 77100.9 | 127 | 13.9 | 23.5 | 2.8 | 0.9 | 3035.1 | 23.1 | 522.6 | 9.9 | 0.7 | 9.2 |
| SJVN Ltd. | 68 | 26706.9 | 41.8 | -5.6 | 5.3 | 4.5 | 1.2 | 4722.8 | 39.9 | 642.1 | -21.7 | 1.6 | -7.4 |
Juniper Green Energy INFORMATION ON IPO ISSUE
About Juniper Green Energy
Juniper Green Energy was incorporated on December 5, 2011. The company is one of India’s top 10 renewable independent power producers by total capacity as of December 2024. It develops, builds, and operates large-scale solar and wind energy projects, with in-house engineering, procurement, and maintenance teams, and sells electricity to government-backed buyers
Object of the Issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by the company
- Investment in the 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 the 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
- General corporate purposes
Juniper Green Energy - PROMOTERS
| Name |
|---|
| Arvind Tiku |
| Niharika Tiku |
| Hemant Tikoo |
| Juniper Renewable Holdings Pte. Ltd |
| AT Holdings Pte. Ltd |
Juniper Green Energy - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Arvind Tiku | Chairperson & Non-Executive Director |
| Hemant Tikoo | Non-Executive Director |
| Ankush Malik | Whole-time Director & Chief Executive Officer |
| Parag Agrawal | Whole-time Director & Chief Financial Officer |
| Balaji Viswanathan Swaminathan | Non-Executive Independent Director |
| Kottamasu Venkateswara Rao | Non-Executive Independent Director |
| Maithreyi Swaminathan | Non-Executive Independent Director |
| Prashant Parashar | Non-Executive Independent Director |
Juniper Green Energy Book Running Lead Manager
ICICI Securities Limited
junipergreen@icicisecurities.com
HSBC Securities and Capital Markets (India) Private Limited
juniperipo@hsbc.co.in
JM Financial Limited
junipergreenenergy.ipo@jmfl.com
Kotak Mahindra Capital Company Limited
junipergreen.ipo@kotak.com
Juniper Green Energy Registrar to the Offer
KFin Technologies Limited
junipergreen.ipo@kfintech.com
Juniper Green Energy Strengths
Stable cash flows
The company operates on a “Build-Own-Operate” model and enters into long-term power purchase agreements with central and state government off-takers. These contracts are structured with fixed tariffs, ensuring predictable and stable cash flows over the project life
Timely project execution
As of March 31, 2025, the company has consistently demonstrated the ability to commission its renewable energy projects ahead of schedule. On a weighted average, its operational projects have been delivered 136 days earlier than planned
De-risked supply chain
The company follows a proactive procurement strategy by sourcing critical components—such as solar modules, wind turbines, and transformers—well in advance from established global suppliers including Envision, Suzlon, Waaree, and Sungrow
Juniper Green Energy Risks
Customer dependence
The company earns most of its revenue from two key buyers—Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL). Any issues with these customers, such as payment delays, disputes, or policy changes, could hurt the company’s performance
PSA delay risk
The company’s revenue and project timelines depend on its buyers (off-takers) entering power sale agreements (PSAs) with distribution companies. Delays in signing PSAs or receiving approval from regulators can hold up project completion and impact cash flows
Location risk
The company’s power projects are located in four states—Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. This puts the business at risk if there are state-specific issues like policy changes or natural disasters
IPO FAQs
The promoters of the company are Arvind Tiku, Niharika Tiku, Hemant Tikoo, Juniper Renewable Holdings Pte. Ltd and AT Holdings Pte. Ltd.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 214.0 - 225.0.
The IPO application opens on Jul 30, 2026 and closes on Aug 03, 2026.
The minimum lot size for the IPO is 66. The maximum lot size for the IPO is 858.
For all category investors, the minimum application amount for this IPO is Rs. 14,124.0, the maximum value for this IPO is Rs 193,050.0.
This IPO will be allotted on Aug 04, 2026.
The refund will be credited to your account on Aug 05, 2026.
The allotted shares will be credited to your demat on Aug 05, 2026.
Juniper Green Energy Ltd.’s shares listed on the stock exchanges on Aug 06, 2026.