Juniper Green Energy Limited is one of India’s top 10 renewable Independent Power Producers (IPPs) by total capacity. The company develops, owns, operates, and maintains utility-scale solar, wind, hybrid, and BESS-backed renewable energy projects, supplying power under long-term PPAs to government and private sector customers.
The company follows an integrated Build-Own-Operate (BOO) model with in-house EPC and O&M capabilities, enabling efficient project execution, better cost control, and reduced dependence on third-party contractors.
Juniper Green Energy commissioned its first 100 MW solar power project in March 2020 and has rapidly expanded its renewable energy portfolio to 7,910.20 MW (10,247.06 MWp) as of June 30, 2026.
Its portfolio includes utility-scale solar, wind, Wind-Solar Hybrid (WSH), Firm and Dispatchable Renewable Energy (FDRE) projects integrated with Battery Energy Storage Systems (BESS), allowing it to participate in next-generation renewable energy opportunities.
The company has entered into long-term Power Purchase Agreements (PPAs) with leading off-takers including SECI, SJVN, NHPC, NTPC, GUVNL, MSEDCL, and Tata Power, providing long-term revenue visibility and stable cash flows. As of June 30, 2026, approximately 97.68% of its total capacity (in MWp) was backed by long-term PPAs, which are generally valid for 25 years.
Juniper Green Energy has established a strong presence across key renewable energy states, including Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh. To support future growth, the company has built a land bank of more than 12,000 acres for solar projects, secured over 300 wind turbine generator (WTG) locations, and maintains surplus grid connectivity for upcoming renewable energy projects.
Juniper Green Energy IPO – Details
| IPO Opening Date | 30 July 2026 |
| IPO Closing Date | 03 August 2026 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 8,00,09,150 Shares Worth ₹1,800.00 Crore Fresh Issue: 8,00,09,150 Shares Worth ₹1,800.00 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹214 – ₹225 per share |
| Market Lot | 66 Shares |
| Min Order | 66 Shares [1 Lot] |
| Employee Discount | ₹21 |
| Listing At | BSE, NSE |
| Register | KFin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Juniper Green Energy IPO – Date Schedule
| IPO Open Date | 30 July 2026 |
| IPO Close Date | 03 August 2026 |
| Basis of Allotment | 04 August 2026 |
| Initiation of Refund | 05 August 2026 |
| Credit of Shares to Demat Account | 05 August 2026 |
| IPO Listing Date | 06 August 2026 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 03, 2026 |
Juniper Green Energy IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 66 | ₹14,850 |
| Retail (Max) | 13 | 858 | ₹1,93,050 |
| S-HNI (Min) | 14 | 924 | ₹2,07,900 |
| S-HNI (Max) | 67 | 4,422 | ₹9,94,950 |
| B-HNI (Min) | 68 | 4,488 | ₹10,09,800 |
Competitive Strength
- Among India’s top 10 renewable Independent Power Producers (IPPs) by total capacity as of March 31, 2026.
- Total portfolio capacity of 7,910.20 MW (10,247.06 MWp) across 50 projects as of June 30, 2026.
- Second-largest bidder in Wind-Solar Hybrid (WSH) and Firm & Dispatchable Renewable Energy (FDRE) tenders won between April 1, 2021 and March 31, 2026, with a 96.80% conversion rate.
- Built a land bank of over 12,000 acres for solar projects and secured 300+ WTG locations across Rajasthan, Maharashtra, Gujarat, and Madhya Pradesh.
- Backed by long-term Power Purchase Agreements (PPAs) with central and state government entities, providing stable and predictable cash flows.
- Operates an integrated Build-Own-Operate (BOO) model with in-house EPC and O&M capabilities, enabling efficient project execution and timely delivery.
- Strong supply chain strategy with long-term partnerships to ensure timely procurement and availability of critical equipment.
- Led by experienced promoters, supported by credible financial partners, and managed by an experienced leadership team.
Company Promoters
- Arvind Tiku
- Hemant Tikoo
- Niharika Tiku
- At Holdings Pte.Ltd.
- Juniper Renewable Holdings Pte.Ltd.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2024 | ₹424.44 Cr | ₹366.95 Cr | ₹40.06 Cr | ₹2,671.70 Cr |
| 31 March 2025 | ₹569.78 Cr | ₹514.88 Cr | ₹36.48 Cr | ₹5,502.53 Cr |
| 31 March 2026 | ₹804.93 Cr | ₹749.74 Cr | ₹40.46 Cr | ₹12,920.54 Cr |
Key Performance Indicator
| KPI | Values (Mar 31, 2026) |
|---|---|
| RoNW | 1.18% |
| EBITDA Margin | 85.99% |
| NAV | 70.02 |
| Price to Book Value | 3.21 |
| Pre IPO | Post IPO | |
| EPS (₹) | 0.83 | 0.71 |
| P/E (x) | 271.08 | 316.90 |
Object Of The Issue
| Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|
| Repayment/pre-payment, in full or part, of certain borrowings availed by the Company. | ₹683.24 |
| Investment in one of the Material Subsidiaries, namely Juniper Green Gamma One Private Limited, and the Subsidiaries, namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings. | ₹728.69 |
| General Corporate Purpose. |
Juniper Green Energy IPO Peer Comparison
| S. No. | Face Value (₹) | Company Name | P/E Ratio |
|---|---|---|---|
| 1 | 2 | ACME Solar Holdings Limited | 47.21 |
| 2 | 10 | NTPC Green Energy Limited | 148.34 |
| 3 | 10 | Adani Green Energy Limited | 156.88 |
✅Strengths
- Top 10 renewable IPPs in India with a diversified clean energy portfolio.
- Integrated business model with strong in-house project execution capabilities.
- Long-term PPAs with government utilities ensure stable cash flows.
- Large project pipeline supported by a strong land bank.
- Experienced promoters and management team.
⚠️Risks
- Business depends on government policies and regulatory approvals.
- Project delays may impact revenue and profitability.
- High capital requirements and debt increase financial risk.
- Customer concentration with government off-takers.
- Supply chain disruptions may delay project execution.
Juniper Green Energy IPO Promoter Holding
| Pre-Issue Share Holding | 100.00% |
| Post Issue Share Holding | 85.94% |
Juniper Green Energy IPO Prospectus
Company Contact Information
| Juniper Green Energy Limited 1103A & 1103B, 11th Floor, Hemkunt Chamber, 89, Nehru Place, New Delhi, Delhi, New Delhi, 110019 Phone: +91 124 473 9600 Email: investors@junipergreenenergy.com Website: https://www.junipergreenenergy.com/ |
Juniper Green Energy IPO Registrar
| Kfin Technologies Ltd. Phone: 040-79615565 Email: junipergreen.ipo@kotak.com Website: https://ipostatus.kfintech.com/ |
Juniper Green Energy IPO Lead Manager(s)
| 1. JM Financial Limited 2. ICICI Securities Limited 3. Kotak Mahindra Capital Company Limited 4. HSBC Securities and Capital Markets (India) Private Limited |
Juniper Green Energy IPO FAQs
| What is the Juniper Green Energy IPO? Juniper Green Energy IPO is a main-board IPO. The issue is priced at ₹215 to ₹225 per equity share. The IPO is to be listed on the BSE & NSE. |
| When will the Juniper Green Energy IPO open? The IPO is to open on 30 July 2026 for QIB, NII, and Retail Investors. |
| What is Juniper Green Energy IPO investors’ portion? The investors’ portion is QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Juniper Green Energy IPO Size? Juniper Green Energy IPO size is ₹1,800.00 Crore. |
| What are the Juniper Green Energy IPO Minimum and maximum lot sizes for Retail? The minimum bid is 66 Shares with ₹14,850, while the maximum bid is 858 Shares with ₹1,93,050. |
| What is the Juniper Green Energy IPO Allotment Date? Juniper Green Energy IPO allotment date is 04 August 2026. |
| What is the Juniper Green Energy IPO Listing Date? Juniper Green Energy IPO listing date is 06 August 2026. The IPO is to be listed on the BSE and the NSE. |
