3 weeks ago
Juniper Green Energy shares list at 9% premium, below expectations
Juniper Green Energy is a company that builds and runs big solar and wind power projects in India.
To grow, the company decided to sell a small piece of itself to the public for the first time, which is called an IPO.
People could buy shares from July 30 to August 3, 2026, for ₹225 each.
When the shares started trading on the stock market, the price jumped to about ₹245 on the NSE.
That means people who got shares made around 9% more than they paid, like finding extra money on top of what you spent.
The company raised about ₹1,800 crore, which it plans to use to pay off its loans and help its other companies do the same.
Many investors wanted shares, but the news reports disagree on exactly how many times the offer was subscribed.
Some experts say the share price is on the higher side, so it may be better for people who plan to keep the shares for a long time.
Juniper Green Energy shares listed at ₹245 on the NSE and ₹242 on the BSE, a premium of about 9% and 8% over the ₹225 IPO price.
The ₹1,800 crore IPO was a fresh issue of 8 crore equity shares at a face value of ₹10, open for subscription from July 30 to August 3, 2026.
Reports on subscription demand differ: one article cites overall subscription of 7.97 times (QIB 24.94 times, retail 93%), while another reports 2.81 times overall (QIB 8.90 times, retail 0.38 times).
The company plans to use ₹683.24 crore of proceeds to repay borrowings and invest ₹728.69 crore in subsidiaries Juniper Green Gamma One, Juniper Green Kite and Juniper Green Power Five.
Juniper Green Energy's FY26 profit after tax rose 10.9% to ₹40.46 crore and revenue rose 41.3% to ₹718.93 crore, while Anand Rathi Research deemed the issue aggressively priced.
- Who
- Juniper Green Energy, a renewable energy independent power producer (IPP) incorporated in 2011, which listed its shares on India's NSE and BSE.
- What
- The company's ₹1,800 crore IPO shares began trading, listing at a premium of about 9% (₹245 on NSE) and 8% (₹242 on BSE) over the ₹225 issue price.
- Where
- On India's National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
- When
- The IPO subscription ran from July 30 to August 3, 2026, and the shares subsequently made their market debut.
- Why
- To raise funds primarily to repay or prepay outstanding borrowings and to invest in subsidiaries to reduce their debt, supporting the company's renewable energy growth.
Key facts
- IPO price
- ₹225 per share
- Listing price
- ₹245 (NSE), ₹242 (BSE)
- Listing premium
- ~9% on NSE, ~8% on BSE
- Issue size
- ₹1,800 crore (fresh issue of 8 crore shares)
- Subscription window
- July 30 – August 3, 2026
- Subscription demand
- 7.97 times (one report) vs 2.81 times (another report)
- Fund utilisation
- ₹683.24 crore debt repayment; ₹728.69 crore to subsidiaries
- FY26 financials
- Revenue ₹718.93 crore (up 41.3%); PAT ₹40.46 crore (up 10.9%)
Quotes
Anand Rathi
Research analyst at Anand Rathi
“"On the valuation front, based on annualised FY26 earnings, the company is seeking a P/E of 316x, EV/EBITDA of 35.6x and a post‑issue market capitalisation of approximately Rs 12,802.3 crore, making the issue appear to be aggressively priced. Therefore, we assign a Subscribe for Long Term rating for the issue," said Anand Rathi Research in an IPO note.”
financialexpress.com










