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Juniper Green Energy IPO
Price Band
₹214.0–225.0
Issue Size
₹1800.0 Cr
Lot Size
66 shares
Min Investment
₹14,850
GMP
+₹23.0 (10.22%)
Issue Price
₹225.0
Subject to Sauda
₹1200
Paid only if allotted
Juniper Green Energy IPO AI Summary
- Juniper Green Energy IPO is listed on BSE, NSE in the Power Generation sector.
- Price band: ₹214.0–₹225.0 per share, lot size 66 shares (min. investment ₹14,850).
- Subscription window: 30 Jul–03 Aug 2026, listing on 06 Aug 2026.
- Current GMP is +₹23.0 (10.22%), an estimated listing price of ₹248 — unofficial and can change daily.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Juniper Green Energy IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Aug 2026 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Overall Subscription
8.38x
| Category | Subscription | Status |
|---|---|---|
| QIB (Institutional) |
26.22x
|
26x ✓ |
| NII (HNI) |
1.92x
|
1.92x |
| ↳ bNII (>₹10L) |
2.07x
|
2.07x |
| ↳ sNII (<₹10L) |
1.60x
|
1.60x |
| Retail (RII) |
0.98x
|
0.98x |
| Employee |
3.79x
|
3.79x |
| Total | 8.38x | 8.38x |
Auto-updated every 5 min · As of 3rd Aug 2026 18:56
Juniper Green Energy IPO Grey Market Premium (GMP) Today
GMP
+₹23.0
GMP %
+10.22%
Est. Listing
₹248.0
Updated: 06 Aug 2026 10:00
GMP Trend (Last 13 Days)
About the Company
Juniper Green Energy is a prominent independent renewable energy power producer in India, specializing in the development, construction, and operation of solar, wind, and hybrid power projects. Established with a focus on sustainable and clean energy solutions, the company aims to support India's transition toward a greener energy future by generating power from non-fossil fuel sources. The company manages the end-to-end lifecycle of renewable energy project development across all critical stages, including: (i) bidding and auction; (ii) site prospecting; (iii) land acquisition and grid permits; (iv) engineering and technology; (v) procurement; (vi) project financing; (vii) plant construction and 303 commissioning; and (viii) operation & maintenance. The company has signed long-term power-purchase agreements (PPAs) with government bodies like SECI, SJVN, NHPC, and NTPC and private clients such as Tata Power Company Limited. As on May 31, 2025, the company has a portfolio asset of total Capacity of 7,898.45 MW. The company has expanded its geographical presence across states such as Gujarat, Rajasthan, Maharashtra and Madhya Pradesh. Competitive strengths Among the top 10 renewable energy independent power producers in India Proven ability to secure land and establish robust connectivity well in advance Long-term power purchase agreements with central and state government off-takers End-to-end inhouse capabilities in developing and operating renewable energy projects Experienced promoters and leadership
Company Financials (₹ Cr)
As of 2026-03-31
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 19,538.45 | 10,356.81 | 4,986.44 |
| Total Income | 804.93 | 569.78 | 424.45 |
| Profit After Tax | 40.46 | 36.48 | 40.06 |
| EBITDA | 692.18 | 485.69 | 370.84 |
| NET Worth | 122.89 | 116.29 | 108.21 |
| Reserves and Surplus | 2,934.89 | 2,870.91 | 1,555.14 |
| Total Borrowing | 12,920.54 | 5,502.53 | 2,671.70 |
Key Ratios
EPS
₹0.83
NAV
₹70.02
RoNW
1.18%
P/B Value
3.21
P/E Ratio
271.08
Market Cap
₹12802.46 Cr
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Renew Global Energy PLC Ltd | 343.49 | 8.25% | 22.25 | 27.6 | 27.24 |
| Adani Green Energy Ltd | 127.85 | 8.27% | 156.88 | 9.65 | 9.65 |
| Ntpc Green Energy Ltd | 26.91 | 2.76% | 148.34 | 0.62 | 0.62 |
| Acme Solar Holdings Ltd | 91.03 | 9.86% | 47.21 | 8.24 | 8.16 |
| Juniper Green Energy Ltd This IPO | 70.02 | 1.18% | — | 0.83 | 0.83 |
Promoters
Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte.Ltd., Juniper Renewable Holdings Pte.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Repayment/pre-payment, in full or part of certain borrowings availed by Company 683.24 2 Investment in Material Subsidiaries namely Juniper Green Gamma One Pvt.Ltd., Juniper Green Three Pvt.Ltd., Juniper Green Field Pvt.Ltd., Juniper Green Beam Pvt.Ltd., and Subsidiaries namely Juniper Green Kite Pvt.Ltd. and Juniper Green Ray Two Pvt.Ltd. for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings 728.69 3 General Corporate Purposes 295.52 4 Public Issue Expenses 92.56 Total 1,800.00
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹424.45 Cr in the year ending 31 Mar 2024, rising to ₹569.78 Cr by 31 Mar 2025, and further increasing to ₹804.93 Cr by 31 Mar 2026.
Profit Trend
Profit after tax was ₹40.06 Cr for the year ending 31 Mar 2024, slightly decreasing to ₹36.48 Cr by 31 Mar 2025, and then increasing to ₹40.46 Cr by 31 Mar 2026.
Valuation
At the issue price of ₹225, Juniper Green Energy is priced at a P/E ratio of 271.08. This is significantly higher than its peers, which have P/E ratios ranging from 22.25 to 156.88.
Grey Market Premium, Explained
The grey market premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand for the shares in the unofficial market before they are listed on the stock exchange. A positive GMP suggests that the shares may list at a premium to the issue price.
Subscription Demand
As of 3rd August 2026, the IPO was oversubscribed 8.38 times overall. The institutional category saw the highest demand at 26.22 times, while retail investors subscribed at 0.98 times.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and market conditions.
Who May Want to Wait
Investors who prefer stable returns and are risk-averse may want to avoid IPOs in the renewable energy sector, which can be subject to regulatory changes and market fluctuations.
IPO Timeline, Explained
The IPO opens on 30th July 2026 and closes on 3rd August 2026. Allotment of shares will be done on 4th August 2026, and the shares are expected to list on the stock exchange on 6th August 2026.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on various factors, including market sentiment and demand for the shares. Investors should be prepared for the possibility of price fluctuations on the listing day.
This evaluation is generated from Juniper Green Energy's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Juniper Green Energy IPO GMP today?
Juniper Green Energy IPO GMP today is +₹23.0 (10.22%), indicating an estimated listing price of ₹248. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Juniper Green Energy IPO?
The price band of Juniper Green Energy IPO is ₹214.0–₹225.0 per share.
When does Juniper Green Energy IPO open and close?
Juniper Green Energy IPO opens on 30 July 2026 and closes on 03 August 2026.
When does Juniper Green Energy IPO list on the stock exchange?
Juniper Green Energy IPO listed on 06 August 2026 at ₹248.0.
What is the lot size for Juniper Green Energy IPO?
The lot size for Juniper Green Energy IPO is 66 shares, requiring a minimum investment of ₹14,850.
What is the price band for the Juniper Green Energy IPO?
The price band for the IPO is ₹214.0 to ₹225.0.
What is the minimum investment required?
The minimum investment required is ₹14,850.
What is the lot size for the IPO?
The lot size for the IPO is 66 shares.
When is the listing date for the shares?
The shares are expected to be listed on 6th August 2026.
What does GMP mean?
GMP stands for grey market premium, which indicates the expected listing price of an IPO based on demand in the unofficial market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
30 Jul 2026
Close
03 Aug 2026
Allotment
04 Aug 2026
Listing
06 Aug 2026
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