Juniper Green Energy IPO

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To be announced
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About Juniper Green Energy

Juniper Green Energy, incorporated in 2011 and headquartered in New Delhi, is a renewable energy independent power producer with operations across solar, wind, and hybrid projects. The company develops, owns, and operates utility-scale renewable power projects and provides in-house engineering, procurement, construction (EPC) and operations & maintenance (O&M) services. As of March 31, 2025, Juniper Green had 3.1 GW of operational capacity and a pipeline of approximately 4.8 GW under construction and development. Over 97% of its operational capacity is tied to long-term power purchase agreements (PPAs) with reputed counterparties. The company is promoted by Arvind Tiku, Hemant Tikoo, Niharika Tiku, AT Holdings, and Juniper Renewable Holdings.

Financials of Juniper Green Energy

Issue size

Funds Raised in the IPO Amount
Overall ₹3000 crores
Fresh Issue ₹3000 crores

Utilisation of proceeds

Purpose INR crores (%)
Repayment/ prepayment, in full or part, of all or certain outstanding borrowings and accrued interest 1092.2 (36.4%)
Investment in material subsidies 1157.7 (38.6%)
General corporate purposes 750.1 (25%)

Strengths

  • Diversified portfolio across solar, wind, and hybrid projects
  • High proportion of operational capacity under long-term PPAs
  • Proven in-house capabilities for EPC and O&M services
  • Strong promoter backing with global renewable energy expertise
  • Robust project pipeline ensuring future growth visibility

Risks

  • High debt levels could impact financial flexibility
  • Significant revenue concentration from limited counterparties
  • Susceptible to variability in weather and irradiation levels
  • Dependence on timely execution of under-construction projects
  • Exposure to regulatory and policy changes in power sector