Ahead of its stock market debut on August 6, the company’s shares are commanding a Grey Market Premium (GMP) of around Rs 10 per share. Based on the upper end of the IPO price band at Rs 225, the GMP indicates a potential listing gain of nearly 4%.
However, investors should note that the grey market is unofficial, and GMP is only a sentiment indicator. It can change significantly before the stock lists on the exchanges.
Strong institutional demand drives IPO subscription
The IPO, which remained open for subscription from July 30 to August 3, received healthy investor interest, largely driven by institutional buyers.Overall, the issue was subscribed 7.97 times. The Qualified Institutional Buyers (QIB) category saw an overwhelming subscription of 24.94 times, while the Non-Institutional Investors (NII) portion was subscribed 1.82 times. The Retail Individual Investors (RII) segment was subscribed 93%.
The Rs 1,800 crore IPO comprised an entirely fresh issue of 8 crore equity shares, with a price band of Rs 214-225 per share.ICICI Securities is the book-running lead manager to the issue, while KFin Technologies is the registrar.
How to check Manipal Health Enterprises IPO allotment status
Investors can check their allotment status through any of the following platforms:
1. KFin Technologies (Registrar)
Visit the KFin Technologies IPO allotment page (https://ipostatus.kfintech.com/)Select Juniper Green Energy from the drop-down menu.Enter your PAN, application number, or DP/Client ID.Click Submit to view your allotment status.
2. NSE
3. BSE
Visit BSE IPO allotment link: https://www.bseindia.com/investors/appli_checkNow tick Equity under issue type.Choose Juniper Green Energy from the dropdown menu.Enter your application number or PAN.Complete the captcha verification and click Search to view your allotment details.
How Will the IPO Proceeds Be Used?
Juniper Green Energy plans to utilise a substantial portion of the IPO proceeds to strengthen its balance sheet by reducing debt. Of the total funds raised, Rs 683.24 crore will be used to repay or prepay certain borrowings of the company, while Rs 728.69 crore will be invested in its material subsidiaries to help them repay or prepay their outstanding loans.
The remaining proceeds will be allocated towards general corporate purposes. Overall, the company aims to deploy around Rs 1,411.92 crore towards debt reduction, a move that is expected to lower financing costs, improve its leverage profile, and enhance its overall financial health.
About Juniper Green Energy
Founded in 2011, Juniper Green Energy is one of India’s leading renewable energy independent power producers (IPPs). The company develops, builds, owns, operates and maintains utility-scale renewable energy projects across solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) segments, supported by Battery Energy Storage Systems (BESS).
Its revenues are backed by long-term power purchase agreements (PPAs) with central and state government-backed entities, providing stable and predictable cash flows.
As of June 30, 2026, the company had a diversified renewable energy portfolio of 7,910.20 MW (10,247.06 MWp) across operational, under-construction, contracted and awarded projects, placing it among the top 10 renewable energy IPPs in India by installed and pipeline capacity.
With allotment expected today and listing scheduled for August 6, investors will now closely watch whether the current GMP translates into gains on the stock’s market debut.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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