Juniper Green Energy

By Vivek Kumar M

BENGALURU, Sept 25 (Reuters) - Brookfield-backed solar equipment maker Avaada Electro has begun roadshows for a 76-billion-rupee ($792.57 million) IPO and is targeting a stock market debut in India before the end of the year, two sources familiar with the matter told Reuters.

Renewable energy companies are increasingly tapping India's public markets, driven by strong investor appetite for the country's clean-energy expansion and its goal of achieving 500 gigawatts of installed non-fossil-fuel power capacity by 2030.

Avaada Electro, the solar manufacturing arm of Avaada Group, plans to update its draft IPO filing with financial results for the half year ending September 2026 by the end of next month, the sources said, declining to be identified because the discussions are private.

The company has 8.5 GW of operational solar module capacity, according to the draft IPO papers filed in August.

India's markets regulator approved Avaada Electro's confidential IPO filing in April and the company filed public offer documents in August.

A confidential filing allows companies to obtain regulatory feedback on IPO documents before publicly disclosing sensitive business information.

The IPO comprises a fresh issue of shares worth 16 billion rupees and an offer for sale worth 60 billion rupees by owner Avaada Ventures.

The final size, structure and timing of the share sale could still change as deliberations continue, the sources said.

Brookfield doesn't directly own any stake in Avaada Electro. It backs parent Avaada Ventures through a $1 billion financing commitment through convertible debentures.

India's IPO market has rebounded in the second half of 2026 after a muted start to the year, when geopolitical tensions dampened investor sentiment. Companies had raised $9.9 billion through more than 190 IPOs this year by September 21, down 0.9% from a year earlier, LSEG data showed.

Renewable energy firms Clean Max CLEM.NS and Juniper Green Energy JUNP.NS listed earlier this year, while Temasek-backed Sembcorp's India unit and SAEL Industries, backed by Norway's climate investment fund, are among the firms lining up IPOs.

($1 = 95.8900 Indian rupees)

(Reporting by Vivek Kumar M; Editing by Dhanya Skariachan and Subhranshu Sahu)

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** Shares of renewable power producer Juniper Green Energy JUNP.NS rise as much as 2.84% to 272.90 rupees

** HSBC initiates coverage with "buy" rating and PT of 330 rupees, citing co's strong execution capabilities and expectations of rapid capacity growth

** Brokerage expects co's ~2 GW operational capacity to nearly triple by FY29 as under-construction projects are commissioned

** HSBC forecasts EBITDA CAGR of 135% over FY26-FY28, driven by execution of contracted capacity backed by long-term power purchase agreements

** Brokerage flags high leverage, higher equipment and borrowing costs, and delays in commissioning contracted capacity as key downside risks

** Stock up 11.38% since trading debut on August 6

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Sept 11 (Reuters) - Juniper Green Energy Ltd JUNP.NS:

• COMMISSIONS ADDITIONAL 10 MW WIND POWER CAPACITY

• 10 MW WIND POWER CAPACITY FORMS PART OF 150 MW HYBRID SOLAR WIND PROJECT

Source text: ID:nNSE6Ct5gf

Further company coverage: JUNP.NS

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Sept 10 (Reuters) - Juniper Green Energy Ltd JUNP.NS:

• JUNIPER GREEN ENERGY - COMMISSIONS 35 MW WIND POWER CAPACITY IN HYBRID PROJECT

Source text: ID:nBSEd9kjB

Further company coverage: JUNP.NS

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Sept 8 (Reuters) - Juniper Green Energy Ltd JUNP.NS:

• JUNIPER GREEN ENERGY - UNIT COMMISSIONS 6.25 MW WIND POWER CAPACITY

Source text: ID:nBSE6ylPwn

Further company coverage: JUNP.NS

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Juniper Green Energy, through its subsidiary Juniper Nirjara Energy, signed a 25-year power purchase agreement with SJVN for a 50 MW firm and dispatchable renewable-energy project under the SJVN FDRE-2 scheme. The agreement carried a tariff of ₹4.25 per unit and was expected to generate annual revenue of ₹80 crore, with commercial operation due within 24 months of signing.

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Aug 26 (Reuters) - Juniper Green Energy Ltd JUNP.NS:

• JUNE-QUARTER CONSOL PROFIT 334.5 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.91 BILLION RUPEES

Source text: [ID:]

Further company coverage: JUNP.NS

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Aug 12 (Reuters) - Juniper Green Energy Ltd JUNP.NS:

• JUNIPER GREEN ENERGY LTD - COMMISSIONS ADDITIONAL 167 MW WIND CAPACITY

Source text: ID:nnAZN4TDLCL

Further company coverage: JUNP.NS

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Juniper Green Energy emerged as the winning bidder for 230 MW in the Solar Energy Corporation of India's 1,000 MW firm and dispatchable renewable-energy round-the-clock tender at a tariff of ₹5.26 per unit. The project was to be backed by a 25-year power-purchase agreement with SECI, with commercial operations scheduled 24 months after the PPA took effect; the letter of award was expected within the tender's prescribed timeline.

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** Shares of Juniper Green Energy JUNP.NS list at 245 rupees, an 8.88% premium to IPO price

** Stock last traded 8.04% higher, valuing company at 138.92 billion rupees ($1.46 billion)

** Co had set IPO price band between 214-225 rupees per share

** Trading volumes at 38.21 million shares as of 11:01 a.m. IST

** Broader markets little changed on the day following recent gains, as investors assessed hopes of a diplomatic breakthrough in the Middle East and a better-than-expected June-quarter earnings season

** Benchmark Nifty 50 index .NSEI trading flat

($1 = 95.1400 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))