MUMBAI, NATIONAL, 27 JULY, 2026 | GPN, SACHIN MURDESHWAR: Gurugram-based Juniper Green Energy Ltd, a renewable energy independent power producer, has fixed the price band for its Rs 1,800 crore initial public offering (IPO) at Rs 214-225 per share. The IPO will open for subscription on July 30, while anchor investor bidding will begin on July 29. The issue will close on August 3.

At the upper end of the price band, the company’s market capitalisation is estimated at around Rs 12,802.47 crore. The basis of allotment is scheduled for August 4, while refunds and credit of equity shares to successful bidders will take place on August 5. The issue has reserved 50 per cent for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 35 per cent for retail investors. Equity shares aggregating up to Rs 2 crore have been reserved for eligible employees, who will receive a discount of Rs 21 per share.

Juniper Green Energy is an independent renewable energy power producer in India, focused on the development, construction and operations of utility-scale solar, wind, and hybrid renewable energy projects.

The company’s shares are proposed to be listed on the BSE and NSE on August 6.
The company claims to be among the top 10 largest renewable independent power producers in India.

The Juniper Green Energy Management team, Mr. Arvind Tiku, Chairman; Mr. Ankush Malik, CEO and Mr. Parag Agrawal, CFO interacted with our newsman Sachin Murdeshwar.They added, As of June 2026, it had expanded its portfolio to 50 projects with a total capacity of 7,910.20 MW (10,247.06 MWp), a sharp increase from its first solar project with a capacity of 100 MW commissioned in March 2020.Of the 50 projects, 20 are operational with a capacity of 1,794.80 MW, while 19 contracted projects under construction have a capacity of 2,875.40 MW. Another 11 awarded projects under construction have a combined capacity of 3,240 MW.

Of the IPO proceeds, the company will use Rs 683.24 crore to repay or prepay some of its borrowings. It will also invest Rs 728.69 crore in its subsidiaries– Juniper Green Gamma One, Juniper Green Kite, and Juniper Green Power Five– to help them repay or prepay their outstanding loans. The remaining funds will be used for general corporate purposes.
Its consolidated outstanding fund-based borrowings stood at Rs 13,266 crore as of June 2026.

Juniper Green Energy, which has compared itself with listed peers such as ACME Solar Holdings, NTPC Green Energy and Adani Green Energy, reported a 10.9 percent increase in profit to Rs 40.5 crore and a 41.3 percent rise in revenue to Rs 718.9 crore for the year ended March 2026 compared with the previous year.

ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial and Kotak Mahindra Capital Company are the merchant bankers managing the Juniper Green Energy IPO.