Juniper Green Energy is ready to hit the public markets. The Gurugram-based renewable power company has filed draft papers with SEBI to raise up to ₹3,000 crore through an initial public offering (IPO).
The Juniper Green Energy IPO will be a pure fresh issue, meaning all the money raised will go straight into the company’s plans—mainly to reduce debt and fund growth. Out of the total ₹3,000 crore, the company plans to use ₹2,250 crore to pay off existing loans. The rest will go toward general corporate purposes.
Here’s the twist: Juniper might raise ₹600 crore in a pre-IPO placement. If that happens, the IPO size will shrink by that amount. Smart move, considering its debt pile.
“As of May 2025, our consolidated fund-based borrowings stood at ₹5,894.3 crore,” Juniper stated in its Draft Red Herring Prospectus (DRHP) filed on June 27.
A Green Giant in the Making
Founded just a few years ago, Juniper Green Energy is already among India’s top 10 renewable independent power producers (IPPs). It started with a 100 MW solar project in 2020. Fast forward to 2025, and the company now boasts an installed capacity of 7,898.45 MW (or 10,069.58 MWp), covering both solar and wind energy projects.
The company competes with heavyweights like Adani Green Energy, NTPC Green Energy, and Acme Solar—all listed players in the renewable space.
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Turning Profits, Finally
For the year ended March 2024, Juniper Green Energy posted a profit of ₹40 crore, a massive leap from a ₹12 crore loss the previous year. Its revenue also climbed 18.2% to ₹391.6 crore. In the first nine months of FY25, it earned ₹7.8 crore on ₹351.6 crore revenue.
The company seems to be turning the corner financially—and now it wants to clean up its books with this IPO.
Who’s Handling the Deal?
Some big names are managing the Juniper Green Energy IPO:
- ICICI Securities
- HSBC Securities and Capital Markets (India)
- JM Financial
- Kotak Mahindra Capital
With the IPO, Juniper aims to strengthen its position in the fast-growing Indian green energy market—something India desperately needs to meet its climate targets.
For those tracking India’s clean energy future, this IPO is worth watching.
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