Investors who applied for the Juniper Green Energy IPO are expected to receive their allotment status today, August 4, as the company is likely to finalize the share allocation for its ₹1,800 crore public issue. According to InvestorGain, the Grey Market Premium (GMP) for the Juniper Green Energy IPO stood at ₹9.5 as of 9:00 a.m. on August 4, indicating a listing price of ₹234.5 per share at a premium of 4.22% on the upper limit of the price band at ₹225 per share. However, investors should note that the grey market is unofficial, and GMP is only a sentiment indicator that can change significantly before the stock lists on the exchanges. Allotment status will be finalized by late evening today, with investors able to check their status through NSE, BSE, and KFin Technologies websites. The GMP has been rising over the past 12 sessions, suggesting growing optimism for a robust listing performance. Refunds for unsuccessful applicants and credit of shares to successful bidders' demat accounts are expected on August 5, while the company's shares are slated to debut on BSE and NSE on August 6.
Juniper Green Energy's ₹1,800 crore IPO has been fully subscribed at 7.97 times as of the latest update on Monday, August 3, with the issue closing today. According to Business Standard, the issue received bids for 46.96 crore shares against the 5.89 crore shares on offer. The subscription was driven by robust demand from qualified institutional buyers at 24.94 times, while the employee portion saw heavy demand at 2.90 times, retail individual investors subscribed at 93%, and non-institutional investors subscribed at 1.82 times. The IPO opened for subscription on July 30 and closed on August 3, with shares expected to list on NSE and BSE on Thursday, August 6, at 10 am. Investors can check their allotment status online through NSE, BSE, or KFin Technologies websites using their application number and PAN details.
Juniper Green Energy demonstrated strong financial growth in FY26, with revenue increasing 41.33% year-on-year to ₹718.93 crore compared to ₹508.68 crore in FY25. The company's profit after tax (PAT) reached ₹40.46 crore for the twelve months ended March 31, 2026. As reported by Business Standard, the company reported a consolidated net profit of ₹40.46 crore and sales of ₹718.93 crore for the twelve months ended on March 31, 2026. The company's revenue from operations rose to ₹8,049 million in FY26 from ₹5,598 million in FY25, demonstrating continued growth momentum in the renewable energy sector. According to Equitymaster, Juniper Green's revenue from operations rose to ₹8,049 million in FY26 from ₹5,598 million in FY25, with 97.68% of total capacity backed by long-term PPAs typically for 25 years, signed with creditworthy counterparties rated 'A' or above, providing strong visibility of stable and predictable cash flows.
Ahead of the public issue, Juniper Green Energy raised ₹539.4 crore from 31 anchor investors, with the company allotting 2.39 crore equity shares at ₹225 per share, the upper end of the price band. As per the exchange filing dated July 29, domestic mutual funds accounted for the bulk of the anchor allocation, with nine mutual funds including WhiteOak Capital Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Mutual Fund, SBI Mutual Fund, HSBC Mutual Fund and Edelweiss Mutual Fund receiving 1.79 crore shares worth ₹403.43 crore, representing 74.79% of the anchor book. Among other anchor investors, Bajaj Life, HDFC Life and Edelweiss Life together received 15.98 lakh shares worth ₹35.96 crore, while the Abu Dhabi Investment Authority invested nearly ₹80 crore by subscribing to 35.55 lakh equity shares.
Of the total funds raised, ₹1,411.92 crore will be utilized to repay or prepay some of the company's borrowings, while ₹728.686 crore will be invested in subsidiaries Juniper Green Gamma One, Juniper Green Kite and Juniper Green Power Five to help them repay or prepay their outstanding loans. The company also plans to utilize ₹683.235 crore from the net proceeds towards the repayment or prepayment, in full or in part, of certain borrowings availed by the company. The remaining funds will be used for general corporate purposes. As reported by The Financial Express, the IPO is a 100% fresh issue with no Offer for Sale, meaning the entire ₹1,800 crore will go to the company to reduce debt and strengthen its balance sheet rather than provide an exit for selling shareholders. The company has been developing utility-scale renewable energy projects since its founding in 2011, focusing on solar, wind, wind-solar hybrid, and firm renewable energy projects supported by battery energy storage systems.
NTPC Green Energy operates with 10.6GW overall installed capacity including 9.8GW solar and 780MW wind, with plans to target 60GW renewable capacity by FY32 and 136GW by FY37. As reported by The Financial Express, the company has retained its 8GW capacity addition target for FY27 and FY28. In comparison, Juniper Green's portfolio comprises 1,794.80 MW operational capacity with 97.68% backed by long-term PPAs typically for 25 years. The company has an additional 6,115 MW (3.4x current operational capacity) under construction, with SBI Securities noting that "as these projects get commissioned progressively over the coming years, the expanded operational portfolio is expected to drive an exponential increase in revenue." NTPC Green also maintains a battery energy storage portfolio of 38.9GWH with 6.62GWH under construction. According to Business Standard, as of June 30, 2026, the company had a renewable energy portfolio of 7,910.20 MW (10,247.06 MWp) across operational, under-construction, contracted and awarded projects, making it one of India's top 10 renewable independent power producers by installed and pipeline capacity.
Juniper Green Energy generates revenue through long-term power purchase agreements with central and state government-backed entities, providing stable and predictable cash flows. As of June 30, 2026, 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 FY26. The company's revenue from operations rose to ₹8,049 million in FY26 from ₹5,598 million in FY25, with 97.68% of total capacity backed by long-term PPAs typically for 25 years, signed with creditworthy counterparties rated 'A' or above, providing strong visibility of stable and predictable cash flows.
