Juniper Green Energy IPO
Infrastructure Developers & Operators • ₹1800 Cr
Medium risk because:
- 5 material risk factors disclosed in DRHP
- The company derives a significant portion of its revenue from the sale of electricity to a…
- The company depends on a limited number of suppliers for procuring critical components, eq…
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹225
Lot Size
66 shares
Issue Size
₹1800 Cr
Open
30 Jul 2026
Close
03 Aug 2026
Subscription
7.93×
IPO Schedule
| Issue Open Date | 30 Jul 2026 |
| Issue Close Date | 03 Aug 2026 |
| Allotment Date | 04 Aug 2026 |
| Listing Date | 05 Aug 2026 |
About Juniper Green Energy
Juniper Green Energy Limited is a renewable energy independent power producer (IPP) engaged in the development, construction, operation, and maintenance of utility-scale renewable energy projects. The company generates revenue through the sale of electricity to central and state government-backed entities and other off-takers. It develops renewable energy projects through its in-house engineering, procurement, and construction (EPC) and operations and maintenance (O&M) teams. The company's portfolio comprises solar, wind, wind-solar hybrid (WSH), and firm and dispatchable renewable energy (FDRE) projects with battery energy storage systems (BESS). As of June 30, 2026, it had a total portfolio capacity of 7,910.20 MW (10,247.06 MWp), including operational, under-construction, contracted, and awarded projects. The company manages the entire renewable energy project lifecycle in-house, covering bidding, land acquisition, engineering, procurement, financing, construction, commissioning, and O&M. As of June 30, 2026, its projects were located across Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Repayment/pre-payment, in full or part, of certain borrowings availed by the company – Rs 683.23 crore Investment in one of the material subsidiaries, namely Juniper Green Gamma One Private Limited, and the subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings – Rs 728.69 crore General corporate purposes
Company Details
Founders / Promoters
Mr. Arvind Tiku
Founded
2011
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Juniper Green Energy — IPOFins Verdict
QuantitativeDriven by QIB demand at 24.9x and moderate disclosed risk (4/10), Juniper Green Energy listed at a premium of 8.9% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company claims to be among the top 10 renewable energy independent power producers in India in terms of total capacity, according to the CRISIL report. As of June 30, 2026, it claims to have a div
- The company claims to have established capabilities to secure land and grid connectivity before project execution. As of June 30, 2026, it had an existing land bank of more than 12,000 acres for solar
- The company claims to have a portfolio backed by long-term power purchase agreements (PPAs) with central and state government-backed off-takers, providing revenue visibility and stable cash flows. As
- The company claims to have a track record of commissioning renewable energy projects ahead of schedule. As of FY26, it had commissioned most of its operational projects ahead of scheduled timelines, w
- The company claims to have a supply chain de-risking strategy through advance procurement and long-term sourcing arrangements for critical equipment. It directly procures components from suppliers suc
Score breakdown — what drove this verdict
Moderate risk from DRHP → score +0.4
Institutional subscription → score +2.0
Actual listing outcome → score +0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹225
Listing Price
₹245
Listing Gain/Loss
+8.89%
Listing Date
05 Aug 2026
Price Since Listing
Returns are measured against the ₹225 issue price.
Listing
₹245
+8.9%
1 Week
₹252.9
+12.4%
1 Month
₹265.1
+17.8%
Current
₹267.2
+18.8%
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FAQ
What is the price band of Juniper Green Energy IPO?
The price band is ₹225 per share with a lot size of 66 shares. Minimum investment: ₹14,850.
What does Juniper Green Energy do?
Juniper Green Energy Limited is a renewable energy independent power producer (IPP) engaged in the development, construction, operation, and maintenance of utility-scale renewable energy projects. The company generates revenue through the sale of electricity to central and state government-backed entities and other off-takers. It develops renewable energy projects through its in-house engineering, procurement, and construction (EPC) and operations and maintenance (O&M) teams. The company's portfolio comprises solar, wind, wind-solar hybrid (WSH), and firm and dispatchable renewable energy (FDRE) projects with battery energy storage systems (BESS). As of June 30, 2026, it had a total portfolio capacity of 7,910.20 MW (10,247.06 MWp), including operational, under-construction, contracted, and awarded projects. The company manages the entire renewable energy project lifecycle in-house, covering bidding, land acquisition, engineering, procurement, financing, construction, commissioning, and O&M. As of June 30, 2026, its projects were located across Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: Repayment/pre-payment, in full or part, of certain borrowings availed by the company – Rs 683.23 crore Investment in one of the material subsidiaries, namely Juniper Green Gamma One Private Limited, and the subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings – Rs 728.69 crore General corporate purposes
Should I apply for Juniper Green Energy IPO?
Juniper Green Energy listed at ₹245 (+8.9% premium to the ₹225 issue price) after 7.9x subscription. IPOFins Score 8/10: Driven by QIB demand at 24.9x and moderate disclosed risk (4/10), Juniper Green Energy listed at a premium of 8.9% to its issue price. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Juniper Green Energy?
Juniper Green Energy was founded by Mr. Arvind Tiku in 2011.