Juniper Green Energy IPO: Renewable Energy Producer's Public Issue Opens This Week - Should You Apply

Juniper Green Energy filed its Red Herring Prospectus (RHP) on July 23 for its upcoming public issue. The public issue will be conducted as a 100 per cent book-built offer consisting entirely of a fresh issue of shares.

The public issue is set to open for subscription on July 30, with the anchor investor bidding date scheduled for July 29, and the issue will close on August 3. Ahead of the opening of the bidding window, here is a detailed look at the key details of the public issue and the company's business that investors should know before they consider applying for the public issue.

Juniper Green Energy IPO: Offer Size and Selling Shareholders

The Juniper Green Energy IPO comprises a fresh issue of equity shares of face value of Rs 10 each, aggregating up to Rs 1,800 crore. There is no Offer for Sale in this issue. The promoters of the company include Arvind Tiku, Hemant Tikoo, Niharika Tiku, AT Holdings Pte, and Juniper Renewable Holdings Pte.

Juniper Green Energy IPO: Price Band and Lot Size

The company has not yet declared the price band and lot size for its public issue. The issue includes a reservation of Equity Shares aggregating up to Rs 200 crore for subscription by eligible employees, and the company may offer an employee discount on the issue price to those bidding in the employee reservation portion.

Juniper Green Energy IPO: Key Financials

Juniper Green Energy’s total income for the year ended March 31, 2026, stood at Rs 804.93 crore, increasing by over 41 per cent compared to Rs 569.78 crore in the preceding fiscal. In the same period, the company’s profit-after-tax increased to Rs 40.46 crore, increasing by 10.91 per cent compared to Rs 36.48 crore in the preceding fiscal.

Juniper Green Energy: Business Model

Juniper Green Energy operates as an independent renewable energy power producer. The company is engaged in developing, building, operating, and maintaining utility-scale renewable energy projects, including solar, wind, Wind-Solar Hybrid, and Firm and Dispatchable Renewable Energy projects with Battery Energy Storage Systems. The company generates revenue by selling electricity through long-term power purchase agreements, typically spanning 25 years with central and state government-backed entities. The primary drivers of the company’s revenue include electricity sales from Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL), which accounted for 86.06 per cent of the company's revenue from operations in Fiscal 2026.

Juniper Green Energy: Competitors

Juniper Green Energy’s competitors include listed firms such as Tata Power Renewable Energy, ReNew Energy Global PLC, ACME Solar Holdings, Continuum Green Energy, JSW Neo Energy, and NTPC Green Energy.

Juniper Green Energy IPO: Should You Apply?

Investors interested in the public issue can assess risks and strengths related to the company's business before applying.

Key Risks

• A major portion of the renewable energy company’s revenue is derived from its top two off-takers, Gujarat Urja Vikas Nigam and Maharashtra State Electricity Distribution Company.

• The company relies on suppliers for critical components, with its top 10 suppliers accounting for 84.42 per cent of total purchases in Fiscal 2026.

• The development of projects may be restrained by the inability to identify or acquire suitable land sites and rights of way on commercially acceptable terms.

Key Strengths

• The company claims to have proven ability to secure land and establish robust connectivity well in advance.

• The company maintains an established supply chain de-risking strategy, ensuring the timely procurement and quality of critical components.

Juniper Green Energy IPO: Objective

The company intends to use the net proceeds from the fresh issue towards the repayment or prepayment, in full or in part, of borrowings availed by the company and its subsidiaries. The remaining funds will be allocated towards general corporate purposes.