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Juniper Green Energy Files Rs3,000 Cr IPO to Fund Debt Repayment and Expansion

Jul 01, 2025

Juniper Green Energy, an independent renewable energy producer, has filed its draft red herring prospectus (DRHP) with SEBI to raise over Rs3,000 crore of the proceeds to repay its own debt and Rs1,157 crore to reduce liabilities of six of its subsidiaries.

The book-running lead managers for the IPO are ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial, and Kotak Mahindra Capital. Juniper’s wind portfolio includes five projects totaling 382.15 MW in Gujarat, with 69.30 MW currently operational. Its solar portfolio consists of 16 projects with a total capacity of 1,350.38 MW across three states.

In April 2025, Juniper Green secured 50 MW at a tariff of Rs3.65/kWh in Gujarat Urja Vikas Nigam’s Phase IX wind auction. The IPO marks Juniper Green’s ambitious push to consolidate its financial position and expand renewable capacity amid rising clean energy demand. Other renewable firms like Prozeal Green and Rayzon Solar have also filed IPOs in 2025, alongside electric two-wheeler company Ather Energy.