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HDFC Securities Report
Here are the 10 things to know before investing
1. Important Dates
The Juniper Green Energy Ltd. IPO opens for subscription on July 30, 2026 and closes on August 3, 2026. The shares are scheduled to list on both the National Stock Exchange and the BSE on Aug. 6
2. Price Band
The company has fixed the price band in the range of Rs 214 to 225 per share. Eligible employees will receive a discount of Rs 21 per share.
3. Issue Size
The IPO is a pure fresh issue of up to 8 crore equity shares. At the upper end of the price band, the issue size works out to about Rs 1,800 crore.
4. Lot Size
Investors can bid for a minimum of 66 equity shares and in multiples thereof.
5. BRLM
ICICI SecuritiesLtd., HSBC Securities and Capital Markets (India) Private Ltd., JM Financial Ltd., Kotak Mahindra Capital Company Ltd. are the book running lead managers for the issue, whule KFin Technologies Ltd. is the registrar to the issue.
6. How The Company Will Use IPO Proceeds
A significant portion of the proceeds will be used for repayment, prepayment of borrowings by the company and certain subsidiaries, while the remaining funds will be utilized for general corporate purposes.
7. About the company
Juniper Green Energy is among India's top 10 renewable energy independent power producers (IPPs) by total capacity. As of June 30, 2026, it had a total portfolio capacity of 7,910.2 MW across operational, under-construction and awarded projects.
8. Financials
Revenue from operations rose to Rs 718.9 crore in FY26 from Rs 508.7 crore in FY25, reflecting healthy business growth. Total income increased to Rs 804.9 crore from Rs 569.8 crore a year earlier.
9. Business Strategy
Capitalize on the growing renewable energy sector in India.
Expand and diversify portfolio of projects and gain market share
Continue to invest in supply-chain and procure critical components on time and in a cost-effective manner
Integrating advanced digital technologies into renewable energy operations
Continue to diversify funding sources, optimize cost of capital and identify partners/investors for future growth
10. Key Risks To Watch
The company has a relatively high leverage profile, with net debt-to-equity of 2.75x as of FY26. It also depends heavily on a few offtakers, with the top two customers contributing over 86% of FY26 revenue.
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