Juniper Green Energy IPO Set At ₹214-225

Juniper Green Energy Ltd has fixed the price band for its Initial Public Offering (IPO) at ₹214-225 per equity share. The public issue is scheduled to open for subscription on July 30 and will conclude on August 3.

The ₹1,800 crore IPO comprises an entirely fresh issue of equity shares. At the upper price band, the company's market capitalisation is estimated at around ₹12,802 crore post issue.

The company plans to use the IPO proceeds to repay or prepay some of its borrowings, amounting to ₹683.24 crore. Additionally, it will invest ₹728.69 crore in its subsidiaries to help them repay or prepay their outstanding loans. The remaining funds will be used for general corporate purposes.

Juniper Green Energy develops, builds and operates utility-scale solar, wind, hybrid and battery energy storage projects across India. The company has been expanding its renewable energy portfolio and has commissioned India's first merchant 100 MWh Battery Energy Storage System (BESS) project in Rajasthan.

The issue has reserved 50 per cent for Qualified Institutional Buyers (QIBs), 15 per cent for Non-Institutional Investors (NIIs), and 35 per cent for retail investors. Equity shares aggregating up to ₹2 crore have been reserved for eligible employees, who will receive a discount of ₹21 per share.

The company's shares are proposed to be listed on the BSE and NSE on August 6. ICICI Securities, HSBC Securities, JM Financial and Kotak Mahindra Capital are the book-running lead managers to the issue, while KFin Technologies is the registrar.

Juniper Green Energy is backed by Singapore-based AT Capital Group and has an integrated platform spanning project development, engineering, procurement, construction and operations. The company is focused on expanding its presence in renewable energy and energy storage solutions.

The IPO is a significant development for the company, which is looking to raise funds to expand its operations and repay its debts. The issue is expected to attract significant interest from investors, given the company's strong track record and growth prospects.

The listing of the company's shares on the BSE and NSE is expected to provide liquidity to investors and increase the company's visibility in the market. Overall, the IPO is a positive development for Juniper Green Energy and is expected to support the company's growth plans.

The IPO is also a significant development for the renewable energy sector, which is expected to play a critical role in India's energy mix in the coming years. The sector has been attracting significant investment in recent years, and the IPO is expected to provide a boost to the sector.

In terms of significance, the IPO is a major development for the company and the renewable energy sector. It is expected to provide a boost to the sector and support the company's growth plans. The issue is also expected to attract significant interest from investors, given the company's strong track record and growth prospects.

Overall, the IPO is a positive development for Juniper Green Energy and the renewable energy sector. It is expected to provide a boost to the sector and support the company's growth plans.