Juniper Green Energy Limited

Minimum Investments

₹14,124

Price Range

₹214 - ₹225

Issue Size

₹1,800.00 Cr

Lot Size

66shares

Proceeds of this IPO to be used for

Repayment/pre-payment, in full or part, of certain borrowings availed by the company

Investment in the material subsidiaries namely Juniper Green Gamma One Private Limited, Juniper Green Three Private Limited, Juniper Green Field Private Limited, Juniper Green Beam Private Limited, and the subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Ray Two Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings

General corporate purposes

Strengths & Weaknesses

Stable cash flows

The company operates on a “Build-Own-Operate” model and enters into long-term power purchase agreements with central and state government off-takers. These contracts are structured with fixed tariffs, ensuring predictable and stable cash flows over the project life

Timely project execution

As of March 31, 2025, the company has consistently demonstrated the ability to commission its renewable energy projects ahead of schedule. On a weighted average, its operational projects have been delivered 136 days earlier than planned

De-risked supply chain

The company follows a proactive procurement strategy by sourcing critical components—such as solar modules, wind turbines, and transformers—well in advance from established global suppliers including Envision, Suzlon, Waaree, and Sungrow

Customer dependence

The company earns most of its revenue from two key buyers—Gujarat Urja Vikas Nigam Limited (GUVNL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL). Any issues with these customers, such as payment delays, disputes, or policy changes, could hurt the company’s performance

PSA delay risk

The company’s revenue and project timelines depend on its buyers (off-takers) entering power sale agreements (PSAs) with distribution companies. Delays in signing PSAs or receiving approval from regulators can hold up project completion and impact cash flows

Location risk

The company’s power projects are located in four states—Gujarat, Maharashtra, Rajasthan, and Madhya Pradesh. This puts the business at risk if there are state-specific issues like policy changes or natural disasters

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)	Mar 2026	Y/Y Change
Operating Revenue	718.93	+41.33%
Other Income	86.00	+40.75%
Total Income	804.93	+41.27%
Total Expenditure	749.74	+45.61%
EBIDT	692.18	+42.52%
Depreciation	236.86	+42.36%
Interest	400.13	+51.33%
Tax	14.73	-20.03%
Net Profit	40.46	+10.91%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)	Mar 2026
Total Current Assets	3,782.87
Total Non-Current Assets	15,755.59
Fixed assets	14,833.09
Total Assets	19,538.45
Total Current liabilities	3,910.46
Total Non Current Liabilities	12,204.10
Total Equity Plus Liabilities	19,538.45
Total Shareholder Funds	3,423.88
Total Debt to Equity	377.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)	Mar 2026
Cash from Operating Activity	469.99
Cash from Financing Activities	6,866.20
Cash from Investing Activities	-6,509.77
Net Cash Flow	826.42

About the Company

Juniper Green Energy was incorporated on December 5, 2011. The company is one of India’s top 10 renewable independent power producers by total capacity as of December 2024. It develops, builds, and operates large-scale solar and wind energy projects, with in-house engineering, procurement, and maintenance teams, and sells electricity to government-backed buyers

Promoter
Arvind Tiku
Promoter
Niharika Tiku
Promoter
Hemant Tikoo
Promoter
Juniper Renewable Holdings Pte. Ltd
Promoter
AT Holdings Pte. Ltd

FAQs for Juniper Green Energy Limited IPO

Juniper Green Energy Limited IPO refers to the initial public offering of shares by Juniper Green Energy Limited. It is a process by which the company offers its shares to the public for the first time, allowing individuals to become shareholders.

For Juniper Green Energy Limited IPO the issue size is ₹1,800 Cr. The issue size is the total value of the shares offered to the public. It represents the amount the company aims to raise through the IPO.

For Juniper Green Energy Limited IPO the minimum investment is ₹14.1 K. The minimum investment for Juniper Green Energy Limited IPO is the smallest amount an individual can invest to participate in the offering. It is usually determined by the company and regulatory requirements.

For Juniper Green Energy Limited IPO the lot size is 66 shares. The lot size of Juniper Green Energy Limited IPO refers to the number of shares that investors need to bid for and purchase in a single transaction. It is predetermined by the company and regulators.

To apply for Juniper Green Energy Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Juniper Green Energy Limited IPO from the list and click on apply now. Place your bids or choose the Cut-off Price option. Enter your UPI ID and set up your mandate to place your application.

Yes, investors can often pre-apply for some of the IPOs. Pre-application allows individuals to express their interest in participating in the IPO before the official subscription period begins. To pre- apply for Juniper Green Energy Limited IPO on Share.Market, go to the home page section and click/press on the browse IPOs section to view the open and upcoming IPOs. Select the Juniper Green Energy Limited IPO from the list and click on pre-apply now. Once the IPO opens for subscription you can enter your UPI ID and set up your mandate to place your application.

The IPO application window typically remains open for 3 days, starting from the date of the IPO opening. However, this duration can vary depending on the specific IPO and the regulatory requirements.

You can apply for the IPO till 3 PM on the last day of application on Share.Market.

For Juniper Green Energy Limited IPO the allotment date is 04 Aug 2026. The allotment date of Juniper Green Energy Limited IPO is the date on which shares are allocated to the successful bidders. It marks the distribution of shares to investors.

For Juniper Green Energy Limited IPO, the subscription opens on 30 Jul 2026 and closes on 03 Aug 2026. The open and close dates of an IPO indicate the period during which investors can submit their bids to participate in the offering.