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JUNIPER GREEN ENERGY IPO

ALREADY DEPARTEDNSE, BSE · MAINBOARD · POWER GENERATION
INDICATIVE FARE / PRICE BAND
₹225
BAND INDICATIVE · NOTHING FINAL UNTIL THE RHP
FIGURES ON THIS PAGE AS OF 13 AUG 2026, 22:01 IST · REFRESHED THROUGH THE DAY
THE FARE BOARD · KEY NUMBERS

BY THE NUMBERS.

PRICE BAND
₹225
LOT SIZE
66 SHARES
ISSUE SIZE
₹1800.00 CR
MIN INVESTMENT
₹14,850 · 66 SHARES
P/E RATIO
271.08
THE TIMETABLE · FOUR STOPS
THE JOURNEY.
OPENS
30 JUL 26
✓ STOP CLEARED
CLOSES
03 AUG 26
✓ STOP CLEARED
ALLOTMENT
04 AUG 26
✓ STOP CLEARED
LISTING
06 AUG 26
✓ STOP CLEARED
ANCHOR BIDDING29 JUL 26REFUNDS INITIATED05 AUG 26SHARES IN DEMAT05 AUG 26ANCHOR LOCK-IN ENDS · 30 DAY03 SEPT 26ANCHOR LOCK-IN ENDS · 90 DAY02 NOV 26
TIMETABLE AS FILED · DATES CAN MOVE · CONFIRM AGAINST THE OFFICIAL RHP AND THE REGISTRAR
END OF THE LINE · LISTING DAY

WHERE IT LANDED.

LISTING PRICE
₹245
DAY-1 LISTING GAIN
+8.89%
THE BOOKING SHEET · SUBSCRIPTION

HOW FULL THE BUS GOT.

OVERALL SUBSCRIPTION8.38×
QIB26.22×
NII1.92×
SMALL HNI1.6×
BIG HNI2.07×
RETAIL0.98×
THE CENTRE TICK = 1× · BUS FULL · SUBSCRIPTION FIGURES AS REPORTED BY THE EXCHANGES · TIMES THE ISSUE · INFORMATION ONLY
THE FARE TABLE · WHAT AN APPLICATION COSTS

TICKET CLASSES.

APPLICATIONLOTSSHARESAMOUNT
RETAIL · MINIMUM · AS PUBLISHED166₹14,850
RETAIL · MAXIMUM · COMPUTED13858₹1,93,050
SMALL HNI · MINIMUM · AS PUBLISHED14924₹2,07,900
SMALL HNI · MAXIMUM · COMPUTED674,422₹9,94,950
BIG HNI · MINIMUM · AS PUBLISHED684,488₹10,09,800
EACH ROW SAYS WHETHER ITS FIGURES ARE THE QUANTITIES PUBLISHED FOR THIS ISSUE OR OUR OWN ARITHMETIC · COMPUTED ROWS ARE LOT SIZE × UPPER BAND · AMOUNTS AT THE UPPER BAND OF ₹225 · CATEGORY LIMITS PER SEBI THRESHOLDS (₹2 LAKH RETAIL CEILING, ₹10 LAKH SHNI/BHNI BOUNDARY) · INFORMATION ONLY · WE DO NOT ACCEPT OR PROCESS IPO APPLICATIONS
THE MANIFEST · ISSUE STRUCTURE

HOW THE ISSUE IS BUILT.

FACE VALUE
₹10
ISSUE TYPE
BOOK BUILD ISSUE
FRESH ISSUE
₹1,800 CR
8,00,09,150 SHARES
TOTAL SHARES OFFERED
8,00,09,150

The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.

FIGURES AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
THE GAUGES · VALUATION AND RETURNS

ON THE DASHBOARD.

EPS · PRE-ISSUE
0.83
EPS · POST-ISSUE
0.71
P/E RATIO
271.08
P/E · POST-ISSUE
316.9
RONW
1.18%
EBITDA MARGIN
85.99%
PRICE / BOOK
3.21
NAV PER SHARE
₹70.02
MARKET CAP
₹12,802.46 CR
FIGURES STATED AS OF 31 MAR 2026 · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · A REPORTED RATIO IS NOT A VIEW ON VALUE · CONFIRM AGAINST THE OFFICIAL RHP
THE LOGBOOK · REPORTED FINANCIALS

THE RUNNING RECORD.

INR CR31 MAR 2431 MAR 2531 MAR 26
ASSETS4,986.4410,356.8119,538.45
TOTAL INCOME424.45569.78804.93
PROFIT AFTER TAX40.0636.4840.46
EBITDA370.84485.69692.18
NET WORTH108.21116.29122.89
RESERVES AND SURPLUS1,555.142,870.912,934.89
TOTAL BORROWING2,671.75,502.5312,920.54
AMOUNTS IN INR CR · AS PUBLISHED FOR THIS ISSUE AND REPRODUCED WITHOUT ADJUSTMENT · CONFIRM AGAINST THE OFFICIAL RHP
OTHER SERVICES ON THIS ROUTE · PEER GROUP

WHO ELSE RUNS THIS LINE.

PEEREPS (BASIC)EPS (DILUTED)NAV (₹ PER SHARE)P/E (X)RONW (%)P/BV RATIOFINANCIAL STATEMENTS
Juniper Green Energy Ltd · THIS ISSUER0.830.8370.021.18Consolidated
Acme Solar Holdings Ltd8.248.1691.0347.219.864.23Consolidated
Ntpc Green Energy Ltd0.620.6226.91148.342.763.5Consolidated
Adani Green Energy Ltd9.659.65127.85156.888.2711.91Consolidated
Renew Global Energy PLC Ltd27.627.24343.4922.258.251.77Consolidated
PEER GROUP STRUCK AS AT 31 MAR 2024 · AS PUBLISHED FOR THIS ISSUE · NOT LIVE MARKET QUOTES, AND NOT A COMPARISON DRAWN BY BUYUNLISTEDSHARES
THE NOTE PUBLISHED WITH THIS PEER GROUP

Source The financial information for listed industry peers mentioned above is on a consolidated basis and is sourced from the financial statements of the respective company for the Financial Year ended March 31, 2026, submitted to the Stock Exchanges and the Nasdaq. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on National Stock Exchange of India Limited/Nasdaq as on July 17, 2026 divided by the diluted earnings per share for the Financial Year ear ended March 31, 2026. Foreign exchange rate of USD 1 = ₹96.37, as on July 17, 2026. Source of exchange rate is www.rbi.org.in . V / Operating EBITDA Ratio is computed as the market capitalization of the listed industry peer on NSE/Nasdaq on July 17, 2026 plus the net debt of the respective company as on March 31, 2026, divided by the Operating EBITDA for Fiscal 2026. RoNW is computed as profit attributable to equity shareholders of the company divided by total equity attributable to the owners of the company as on March 31, 2026. Net Asset Value per Equity Share = Net worth as on March 31, 2026/ Weighted average number of diluted equity shares outstanding as at the end of March 31, 2025.

WHERE THE FARE GOES · OBJECTS OF THE ISSUE

WHAT THE MONEY IS FOR.

OBJECT OF THE ISSUEINR CR
Repayment/pre-payment, in full or part of certain borrowings availed by Company683.24
Investment in Material Subsidiaries namely Juniper Green Gamma One Pvt.Ltd., Juniper Green Three Pvt.Ltd., Juniper Green Field Pvt.Ltd., Juniper Green Beam Pvt.Ltd., and Subsidiaries namely Juniper Green Kite Pvt.Ltd. and Juniper Green Ray Two Pvt.Ltd. for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings728.69
General Corporate Purposes295.52
Public Issue Expenses92.56
INR CR 1,800 ALLOCATED IN TOTAL · OBJECTS AND AMOUNTS AS PUBLISHED FOR THIS ISSUE · AN OBJECT WITH NO AMOUNT AGAINST IT IS SHOWN AS PUBLISHED · CONFIRM AGAINST THE OFFICIAL RHP
THE SEATING PLAN · CATEGORY RESERVATION

WHO GETS WHICH SEATS.

ANCHOR INVESTOR
2,39,73,333
SHARES
QIB
1,59,82,222
Not more than 50% of the Net Issue
NII (HNI)
1,19,86,667
Not less than 15% of the Net Issue
SNII
39,95,556
SHARES
BNII
79,91,111
SHARES
RETAIL
2,79,68,889
Not less than 35% of the Net Issue
EMPLOYEE
98,039
SHARES
8,00,09,150 SHARES ACROSS ALL CATEGORIES · CATEGORY SPLIT AS PUBLISHED FOR THIS ISSUE · CONFIRM AGAINST THE OFFICIAL RHP
ABOUT THIS SERVICE

Juniper Green Energy is an India-based renewable energy company engaged in the development, ownership, and operation of utility-scale clean energy projects. The company focuses on generating electricity through renewable sources, including solar, wind, and hybrid energy solutions, contributing to the country's growing demand for sustainable power generation. The company undertakes the complete value chain of renewable energy project execution, managing activities from project identification to long-term operations. Its integrated capabilities cover participation in competitive bidding processes, site selection, land procurement, regulatory approvals, transmission connectivity, engineering design, equipment sourcing, project financing, construction, commissioning, and ongoing operation and maintenance of power assets. Juniper Green Energy has entered into long-term power purchase agreements (PPAs) with several government-backed entities and utilities, including SECI, SJVN, NHPC, and NTPC, as well as private-sector customers such as Tata Power Company Limited. These agreements provide long-term revenue visibility and support the commercialization of its renewable energy projects. As of May 31, 2025, the company had a total renewable energy portfolio capacity of approximately 7,898.45 MW. Its projects are spread across multiple states in India, including Gujarat, Rajasthan, Maharashtra, and Madhya Pradesh, reflecting a diversified geographical presence. Key Competitive Advantages Recognized among India's leading renewable energy independent power producers with a substantial project portfolio. Demonstrated capability in securing land parcels and transmission connectivity ahead of project implementation timelines. Strong portfolio of long-term PPAs with central and state government agencies as well as private-sector off-takers. Integrated in-house expertise across the entire renewable energy project lifecycle, from development through operations. Supported by experienced promoters and a management team with extensive industry knowledge and execution capabilities.

THE CREW · WHO IS RUNNING THIS SERVICE

ON THE ROSTER.

PROMOTERS
NAMES
Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte.Ltd., Juniper Renewable Holdings Pte.Ltd.
HOLDING PRE-ISSUE
100%
HOLDING POST-ISSUE
85.94%
BOOK-RUNNING LEAD MANAGERS
4 APPOINTED
ICICI Securities Ltd., HSBC Securities & Capital Markets (India) Pvt.Ltd., JM Financial Ltd., Kotak Mahindra Capital Co.Ltd.
REGISTRAR TO THE ISSUE
NAME
Kfin Technologies Ltd.
PHONE
040-79615565
THE COMPANY
PHONE
+91 124 473 9600
REGISTERED OFFICE
1103A & 1103B, 11th Floor, Hemkunt Chamber, 89, Nehru Place New Delhi, Delhi, New Delhi, 110019
DETAILS AS PUBLISHED FOR THIS ISSUE · ALLOTMENT IS HANDLED BY THE REGISTRAR, NOT BY BUYUNLISTEDSHARES · WE NEVER ASK FOR PAN OR APPLICATION DETAILS
THE ENQUIRY DESK · QUESTIONS

COMMON QUESTIONS.

What is the Juniper Green Energy IPO price band?+

The indicative price band is ₹225 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).

What is the lot size of the Juniper Green Energy IPO?+

One lot is 66 shares. At the upper band of ₹225, one lot works out to ₹14,850.

How many lots can a retail investor apply for in the Juniper Green Energy IPO?+

A retail application runs from 1 lot (66 shares, ₹14,850) up to 13 lots (858 shares, ₹1,93,050) — the most that fits under SEBI's ₹2 lakh retail ceiling.

What is the minimum HNI application in the Juniper Green Energy IPO?+

A small-HNI (sHNI) application starts at 14 lots — 924 shares, ₹2,07,900. A big-HNI (bHNI) application starts at 68 lots — 4,488 shares, ₹10,09,800, above the ₹10 lakh boundary.

When does the Juniper Green Energy IPO open and close?+

The issue opened on 30 Jul 2026 and closed on 03 Aug 2026. Dates can move — the registrar and the exchange notices are the record.

When is the Juniper Green Energy IPO allotment?+

Allotment is scheduled for 04 Aug 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.

When did Juniper Green Energy list?+

Listing took place on 06 Aug 2026 on NSE, BSE.

Where will Juniper Green Energy be listed?+

Juniper Green Energy is listed on NSE, BSE. It is a mainboard issue.

How large is the Juniper Green Energy IPO?+

The issue size is ₹1800.00 Cr — a fresh issue of ₹1,800 cr. Figures are indicative and subject to the RHP.

How was the Juniper Green Energy IPO subscribed?+

The issue was subscribed 8.38× overall. By category: qib 26.22×, nii 1.92×, small hni 1.6×, big hni 2.07×, retail 0.98×. Subscription figures are as reported by the exchanges.

At what price did Juniper Green Energy list?+

Juniper Green Energy listed at ₹245, +8.89% against the issue price.

Who is the registrar for the Juniper Green Energy IPO?+

The registrar to the issue is Kfin Technologies Ltd. (040-79615565), junipergreen.ipo@kfintech.com.

Where can I check the Juniper Green Energy IPO allotment status?+

Allotment status is published by the registrar on its own official portal: https://ipostatus.kfintech.com/. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.

What is the P/E ratio of the Juniper Green Energy IPO?+

The P/E ratio on file for this issue is 271.08, and the post-issue P/E is 316.9, stated as of 31 Mar 2026. A reported ratio is not a view on value.

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Dates, price band, lot size, issue size and subscription figures are indicative and subject to the official Red Herring Prospectus (RHP). Application amounts shown in the fare table are arithmetic on the lot size and the upper band against SEBI's category thresholds — they are not an application facility and we do not accept IPO applications. GMP is unofficial grey-market chatter that changes daily — not a target, not a quote and not a recommendation. This page is information only: it is not an offer to deal and not investment advice. BuyUnlistedShares provides information and research, not buy/sell recommendations. All IPOs carry market risk — read the RHP and assess suitability before applying.
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TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,200 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,950 · NATIONAL STOCK EXCHANGE (NSE) ₹1,785 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹246 · BIRA 91 (B9 BEVERAGES LIMITED) ₹76 · ZEPTO ₹32 · ORAVEL STAYS (OYO ROOMS) ₹24 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —TODAY'S INDICATIVE PRICES — PARAG PARIKH FINANCIAL ADVISORY SERVICES LIMITED ₹20,200 · CAPGEMINI TECHNOLOGY SERVICES INDIA LIMITED ₹10,400 · HDFC SECURITIES LIMITED ₹7,950 · NATIONAL STOCK EXCHANGE (NSE) ₹1,785 · BOAT (IMAGINE MARKETING LIMITED) ₹895 · CHENNAI SUPER KINGS (CSK) ₹246 · BIRA 91 (B9 BEVERAGES LIMITED) ₹76 · ZEPTO ₹32 · ORAVEL STAYS (OYO ROOMS) ₹24 · HUTTI GOLD MINES COMPANY LIMITED ₹1,19,838 — INDICATIVE, NOT AN OFFER TO DEAL —