Mumbai: Juniper Green Energy Limited, one of India’s top 10 renewable Independent Power Producers (IPPs) by total capacity, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (Juniper Green Energy IPO) of equity shares worth up to ₹3,000 crore.
According to the CRISIL report cited in the DRHP, the company ranks among India’s leading renewable energy IPPs with a cumulative total capacity of 7,898.45 MW (10,069.58 MWp) as of May 31, 2025.
Also Read: Juniper Green Energy Commissions 145.99 MWp Solar Project in Chapalgaon
The company develops, builds, operates, and maintains large-scale renewable energy projects through its in-house EPC and operations & maintenance teams. Juniper Green Energy earns revenue by selling electricity to both central and state-backed entities.
Juniper Green Energy IPO: Structure and Utilization of Funds
The Juniper Green Energy IPO is entirely a fresh issue of equity shares with no offer-for-sale component. The proceeds will be utilized for:
- Repayment/prepayment of certain company borrowings totaling approximately ₹1,092.27 crore.
- Investment into material subsidiaries—such as Juniper Green Gamma One, Beam, Kite, Field, Ray Two, and Three – for repayment/prepayment of loans worth approximately ₹1,157.72 crore.
- General corporate purposes.
Rapid Growth in Green Energy Portfolio
The company commissioned its first solar energy project of 100 MW in March 2020 and has since expanded into wind and hybrid energy formats. Juniper Green Energy is a key player in complex projects like Wind-Solar Hybrid (WSH) and Firm & Dispatchable Renewable Energy (FDRE) with Battery Energy Storage Systems (BESS).
It is currently the second-largest bidder by capacity in WSH and FDRE tenders during the April 2021–December 2024 period, with a 100% conversion rate of tender wins.
Also Read: Juniper Green Energy Elevates Ankush Malik to Chief Executive Officer
Listing & Lead Managers
The equity shares under the IPO are proposed to be listed on both the BSE and NSE. The Book Running Lead Managers (BRLMs) to the issue include:
- ICICI Securities Limited
- HSBC Securities and Capital Markets (India) Pvt. Ltd.
- JM Financial Ltd
- Kotak Mahindra Capital Company Ltd
Juniper Green Energy IPO is poised to further strengthen its position as a frontrunner in India’s rapidly expanding renewable energy sector.
