Juniper Green Energy IPO: Issue date, Lot Size, Price, Everything You Need to Know

Juniper Green Energy Ltd, a Gurugram-based renewable energy company, has moved from the DRHP stage to launching its mainboard IPO, with the issue now open for subscription from 30 July 2026 to 3 August 2026. The company is offering a 100% fresh issue of equity shares worth ₹1,800 crore, with a price band of ₹214–₹225 per share and a lot size of 66 shares, reflecting its expansion across solar, wind, hybrid, and FDRE projects in India.

As of June 30, 2026, Juniper Green Energy said its renewable portfolio stood at 7,910.20 MW (10,247.06 MWp) across operational, under-construction, contracted, and awarded projects, making it one of India’s larger renewable IPPs by capacity. The IPO proceeds are mainly intended for debt repayment and subsidiary-level deleveraging, while the company continues to scale its utility-scale renewable platform. In this blog, you will get a full picture of the Juniper Green Energy’s IPO, from the structure and financials to business model, sector context and what to watch out for. 

Juniper Green Energy IPO Dates and Launch Details

Because Juniper Green Energy has just filed its DRHP, several key dates remain undecided and will be finalised only when the public offer document is released. Here’s what is known (or remains pending):

• IPO opening date: 30 July 2026 .
• IPO closing date: 3 August 2026 .
• Basis of allotment: 4 August 2026 .
• Refund initiation date: 5 August 2026 .
• Expected listing date: 6 August 2026 .

Juniper Green Energy has launched its IPO as a 100% fresh issue of equity shares, with no Offer-for-Sale component, and the issue size is ₹1,800 crore. The IPO opened for subscription on 30 July 2026 and closes on 3 August 2026, with a price band of ₹214–₹225 per share and a lot size of 66 shares.

The company is using the proceeds primarily for debt repayment/prepayment and general corporate purposes, reflecting its focus on strengthening the balance sheet while funding renewable-energy expansion. The proposed listing is on BSE and NSE, and the issue is now in the active public-offer phase rather than the draft stage.

Juniper Green Energy Price Band and Investment Details

At this stage, several critical price-related parameters are not yet disclosed. These include:

• Price band (floor price / cap price): ₹214 to ₹225 per share
• Minimum lot size: 66 shares
• Minimum investment per retail investor: ₹14,850 at the upper price band .
• Minimum retail subscription limit: ₹14,850 .

As such, you will only be able to compute exact subscription cost once Juniper Green Energy declares the price band and lot size. For now, treat all these as pending.

Juniper Green Energy IPO Structure

About Juniper Green Energy

Juniper Green Energy Ltd is an Indian renewable power producer engaged in the development, construction, operation and maintenance of utility-scale solar, wind and hybrid renewable energy, including Firm & Dispatchable Renewable Energy (FDRE) projects. 

The company began operations with a 100 MW solar project in 2020. Since then, it has scaled up aggressively. As of May 2025, its project pipeline (operational, under-construction, awarded) reportedly totals several gigawatts across solar, wind and hybrids (solar-wind, solar + battery, etc.). 

Juniper Green is backed by global investors: key promoters include AT Capital (Singapore-based) and Vitol (energy & commodity trading firm). The firm has recently transitioned from private to public status (mid-2025), in preparation for the IPO. 

Beyond generation, Juniper is pursuing hybrid renewable energy models incorporating solar, wind, and battery storage, aligning with India’s push for stable, dispatchable green power through FDRE contracts. 

Key Business Segments and Offerings

Juniper Green Energy’s operations and offerings can be broadly classified as follows:

• Utility-scale Solar Projects: Large-scale solar farms supplying power under long-term power purchase agreements (PPAs).
• Wind Power Projects: Onshore wind farms in wind-rich states, contributing to the overall renewable capacity.
• Hybrid & FDRE Projects (Solar, Wind + Battery Storage): Projects combining renewables and battery energy storage to deliver firm and dispatchable power, meeting grid-stability needs. For example, JGE has recently signed a 70 MW FDRE PPA with Tata Power Ltd.
• Project Development & Engineering, Procurement & Construction (EPC): Through its subsidiaries, Juniper oversees project development, construction, installation and operations management, leveraging debt and equity financing. 

This diversified business model covering solar, wind, hybrid and FDRE positions Juniper to tap multiple growth avenues and policy-driven demand for clean energy in India.

Juniper Green Energy Financials

Full audited financials are not yet widely published for all years; however, data from the DRHP and media reports give a glimpse into recent performance.

Revenue & Profit Table

Cash Flow Table

Key Highlights

• Revenue from operations has risen from ₹391.6 crore in FY24 to ₹508.7 crore in FY25 and ₹718.9 crore in FY26, underscoring a strong growth trajectory as more renewable projects come onstream.
• Profitability has remained robust, with margins in the 85.2%–87.4% range over FY24–FY26. Net profit stood at ₹40.1 crore in FY24, ₹36.5 crore in FY25, and ₹40.5 crore in FY26, reflecting healthy earnings despite rising scale and financing costs.
• Operating cash flows are consistently positive and increasing, from ₹322.2 crore in FY24 to ₹365.1 crore in FY25 and ₹470.0 crore in FY26, indicating that the core business continues to generate strong cash.
• However, free cash flow remains significantly negative (for example, -₹506.3 crore in FY24, -₹2,205.0 crore in FY25 and -₹6,161.9 crore in FY26), signalling heavy ongoing capital expenditure on new renewable assets and growth projects.

Sector & Market Context

India’s renewable energy sector is undergoing rapid expansion. The push for net-zero emissions, increasing solar and wind auctions, state and central government incentives, and rising corporate & industrial demand for green power are fueling growth. Utility-scale renewable energy, especially hybrid solar/wind and firm renewable energy backed by battery storage, is becoming increasingly important for ensuring grid reliability and meeting fluctuating demand.

In this context, companies like Juniper Green Energy that combine solar, wind, hybrid and FDRE technologies are well-positioned to capitalise on policy support and growing demand. Signing of PPAs, such as the 70 MW FDRE project with Tata Power, highlights the firm’s readiness to participate in next-generation clean energy supply.

Given the government’s push for clean energy, decarbonisation targets, and rising corporate commitments to sustainability, the long-term demand outlook for renewable energy producers in India remains strong, which could benefit post-IPO growth for Juniper Green Energy.

Key Considerations for Investors

If you are evaluating the Juniper Green Energy IPO (or planning to apply once it opens), here are critical strengths, risks, and opportunities to weigh carefully.

Strengths

• Clear funding purpose & debt reduction: The IPO proceeds are earmarked largely for debt repayment and subsidiary investments, which could strengthen the company’s balance sheet and lower interest burden.
• Diverse renewable portfolio: Operational, under-construction and pipeline projects across solar, wind, hybrid and FDRE, offering diversified exposure across renewable energy formats.
• Strong backing & experienced promoters: Juniper is promoted by AT Capital (Singapore) and Vitol, global investors with resources and experience in energy markets.
• Growing sector tailwinds: Rising demand for renewables, policy support for green energy, and increasing PPAs from utilities and corporates make the environment favourable.
• Recent project wins and FDRE capabilities: Signing of PPAs for hybrid + battery storage projects (for example with Tata Power) demonstrates ability to deliver complex clean-energy projects.

Risks

• High existing debt load: On a consolidated basis, Juniper Green Energy’s outstanding fund-based borrowings have risen to ₹13,266 crore as of June 2026, up from ₹5,894.3 crore as of May 2025, indicating a significantly leveraged balance sheet. Success now depends even more on effective use of IPO proceeds for debt reduction and strict financial discipline.
• Large capital required for growth: Renewable projects, especially hybrid and FDRE ones, need substantial capital and face execution and regulatory risks.
• Uncertain IPO valuation: Price band not yet declared; valuation will depend heavily on the band, may affect listing performance.
• Sector fluctuations & policy/regulatory risk: Changes in renewable energy tariffs, policy shifts, or delays in clearances may affect project timelines and returns.
• Competition and execution risk: Many players are entering renewables; competition for land, PPAs and project financing may be stiff.

Conclusion

The Juniper Green Energy IPO represents a significant opportunity for investors seeking exposure to India’s renewable-energy growth story. The company’s large project portfolio, diversified clean-energy focus (solar, wind, hybrid, FDRE), and clear intention to reduce debt make it a high-potential but also high-risk bet.

Because the IPO is a fresh issue, not an OFS, subscribing will inject new capital into the business, which the company plans to deploy into debt repayment and expansion. For long-term investors with risk appetite and a sustainability outlook, Juniper Green Energy can be an interesting addition, but only if fiscal prudence and execution match ambition.