Juniper Green Energy Ltd's IPO received full subscription on the final day of bidding as of 11:00 AM on August 3, 2026, with the issue receiving bids for 7.49 crore shares against 5.89 crore shares on offer, according to latest data from the National Stock Exchange (NSE). The ₹1,800 crore IPO is entirely a fresh issue of up to 8 crore equity shares, with the price band fixed at ₹214-225 per share for the public offering. The IPO lot size is fixed at 66 equity shares and at the upper end of the price band, the minimum investment required for retail investors is ₹14,850. The Qualified Institutional Buyers (QIBs) segment achieved 3.84 times subscription, while the retail category saw 28% subscription of the reserved portion for individual investors. The Non-Institutional Investors (NIIs) segment was subscribed at 10% of the reserved portion. ICICI Securities, HSBC Securities, JM Financial, and Kotak Mahindra Capital Company are the book-running lead managers to the issue, while KFin Technologies is the registrar to the issue.
According to market tracking platforms Investorgain and IPO Watch, Juniper Green Energy shares are commanding a grey market premium (GMP) of ₹1.75 per share as of August 3, 2026, indicating an estimated listing price of around ₹226.75 based on the upper end of the IPO price band at ₹225 per share. As per The Economic Times, the latest GMP stands at ₹1.75, suggesting a modest premium considering the grey market trends observed over the past 11 sessions, where the GMP fluctuated between ₹0.00 and ₹17 throughout this timeframe. As per Goodreturns, based on the issues' upper price band of ₹225 per share, the estimated listing price stands at around ₹226, indicating a potential listing gain of approximately 1% over the issue price. As per The Financial Express, the current GMP indicates an estimated listing price of around ₹226, though investors should remember that the grey market is unofficial and GMP should not be considered a guarantee of listing gains. The tentative date for the finalisation of share allotment is August 4, 2026, with the most likely date for share listing being August 6, 2026 on both BSE and NSE.
The company has successfully mobilised ₹539.4 crore from 16 anchor investors ahead of its public offering, with 2.39 crore equity shares allocated at ₹225 per share to these investors. According to the company's exchange filing dated July 29, the anchor allocation was finalised at the upper end of the price band of ₹214-225 per share. Notable participants include WhiteOak Capital, Nippon India Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, HSBC Mutual Fund and Edelweiss Mutual Fund, which collectively represent 74.79 percent of the anchor book. Additionally, Abu Dhabi Investment Authority invested nearly ₹80 crore by acquiring 35.55 lakh shares, while insurance companies including Bajaj Life, HDFC Life, and Edelweiss Life were allocated 15.98 lakh shares worth ₹35.96 crore. Domestic mutual funds accounted for the bulk of the anchor allocation, receiving 1.79 crore equity shares worth ₹403.43 crore through 24 schemes across nine fund houses, representing 74.79% of the anchor book. The employee portion was booked 1.73 times, indicating strong internal confidence in the offering.
According to Business Standard, Juniper Green Energy reported a consolidated net profit of ₹40.46 crore and sales of ₹718.93 crore for the twelve months ended March 31, 2026. The company operates as a utility-scale renewable energy developer and operator with a total renewable energy portfolio of 7,910.20 MW (10,247.06 MWp DC capacity) as of June 30, 2026, of which 1,794.80 MW was operational. As per Business Standard, around 97.68% of the company's total capacity (in MWp) was backed by long-term power purchase agreements (PPAs) with tenure of 25 years, signed with creditworthy counterparties rated 'A' or above, providing strong visibility of stable and predictable cash flows. The company's operational BESS capacity stood at 503.20 MWh as of June 30, 2026. In FY26, Gujarat Urja Vikas Nigam (GUVNL) accounted for 39.85% of the company's revenue from operations, followed by Maharashtra State Electricity Distribution Company (MSEDCL) at 46.21% and Satluj Jal Vidyut Nigam (SJVN) at 0.01%. Collectively, these three customers contributed 86.07% of the company's operating revenue during the year. As per The Economic Times, Juniper Green Energy had a diversified renewable energy portfolio of 7,910.20 MW (10,247.06 MWp) across operational, under-construction, contracted, and awarded projects as of June 30, 2026, making it one of the top 10 renewable IPPs in India by installed and pipeline capacity.
As per Business Standard, Juniper Green Energy is raising ₹1,800 crore through a fresh issue of equity shares, meaning the entire proceeds will go to the company. A major portion of the funds will be used to repay or prepay outstanding borrowings of the company as well as certain subsidiaries. The company proposes to utilize ₹683.24 crore from the net proceeds towards the repayment or prepayment, in full or in part, of certain borrowings availed by the company. Additionally, ₹728.69 crore will be invested in its material subsidiaries - Juniper Green Gamma One, Juniper Green Kite, and Juniper Green Power Five - to enable them to repay or prepay, in full or in part, certain outstanding borrowings. The remaining proceeds will be used for general corporate purposes, including working capital requirements and other business needs. The IPO will close for subscription today, on August 3, 2026, with the company expected to finalise the basis of allotment on August 4, 2026, while refunds and credit of shares to successful applicants' demat accounts are scheduled for August 5, 2026. The shares are proposed to list on the BSE and NSE on August 6, 2026.
