Juniper Green Energy’s initial public offering, which opened for subscription on July 30, is set to close on August 3.
The renewable power producer is raising ₹1,800 crore through a fresh issue of 8 crore shares, priced at a band of ₹214 to ₹225 per equity share.
At the upper price band, the company will command a post-issue market capitalization that reflects significant investor appetite for India’s green energy transition, yet the valuation leaves little margin for error given the firm’s current profitability profile.
Market sentiment appears mixed between early demand signals and fundamental caution.
Grey market trading has indicated a premium of ₹17 per share, suggesting strong initial interest from retail and institutional investors alike.
However, analysts point out that the company’s thin profit margins and substantial future funding requirements pose risks.