Juniper Green Energy sets IPO price band at ₹214–225 per share; subscription opens July 30
Juniper Green Energy set an IPO price band of ₹214–225, with a ₹1,800 crore fully fresh issue opening July 30. Proceeds are largely earmarked for debt repayment and subsidiary loan prepayments, reducing leverage and funding renewable expansion. While supportive for India's renewables pipeline, the announcement is idiosyncratic and unlikely to materially shift broader risk assets near term.
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Juniper Green Energy Ltd has set a price band of ₹214–225 per share for its IPO, which opens for subscription on July 30 and closes on August 3. The offering is a ₹1,800 crore fresh issue. Proceeds will go toward debt repayment of ₹683.24 crore, prepayment of loans at subsidiaries totaling ₹728.69 crore, and general corporate purposes. The company is backed by AT Capital Group.