The grey market premium (GMP) for Juniper Green Energy Ltd’s initial public offering remained steady at ₹17 per share on the second day of subscription, signaling sustained investor appetite for the renewable energy developer’s debut listing.
The public issue, which opened for subscription on July 30, is priced in the band of ₹214 to ₹225 per share.
The company aims to raise ₹1,800 crore through the offering, which will list on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
The steady GMP suggests that market participants are pricing in a modest upside from the upper price band, reflecting confidence in the firm’s growth trajectory within India’s expanding renewable energy sector.
Juniper Green Energy has positioned itself as a key player in the country’s transition to green power, with a portfolio focused on solar and wind projects.
The IPO comes at a time when domestic renewable energy developers are increasingly turning to public markets to fund capacity expansion, driven by government targets and corporate demand for clean energy.