About the Company: Independent Renewable Energy Power Producer
Incorporated in December 2011, Juniper Green Energy Limited is one of India’s leading renewable energy independent power producers (IPPs), engaged in developing, building, operating, and maintaining utility-scale renewable energy projects. The company develops solar, wind, Wind-Solar Hybrid (WSH), and Firm & Dispatchable Renewable Energy (FDRE) projects with Battery Energy Storage Systems (BESS), generating revenue through long-term power purchase agreements with central and state government-backed entities.
As of June 30, 2026, the company had a total renewable energy portfolio of 7,910.20 MW (10,247.06 MWp), comprising operational, under-construction, contracted, and awarded projects, making it one of the top 10 renewable IPPs in India by total capacity. With integrated in-house engineering, procurement & construction (EPC) and operations & maintenance (O&M) capabilities, Juniper Green Energy has established a strong track record of timely project execution, robust land acquisition, grid connectivity, and technology-driven renewable energy solutions.
Led by an experienced management team, the company focuses on expanding its renewable energy portfolio while maintaining operational excellence, supply chain resilience, and sustainable growth. As of June 30, 2026, Juniper Green Energy employed 733 permanent professionals across project development, engineering, operations & maintenance, finance, procurement, legal, quality, health & safety, business development, technology, and corporate functions.
- One of India’s top 10 renewable energy independent power producers by total capacity.
- Diversified portfolio across solar, wind, hybrid, and FDRE projects with BESS.
- End-to-end in-house EPC and O&M capabilities with a proven execution track record.
- Long-term power purchase agreements providing stable and predictable cash flows.
- Strong project development capabilities supported by robust land acquisition, connectivity, and supply chain management.
The company’s promoters include Arvind Tiku, Hemant Tikoo, Niharika Tiku, At Holdings Pte.Ltd., and Juniper Renewable Holdings Pte.Ltd.
Financial Trends & Performance
Juniper Green Energy Ltd.’s revenue increased by 41% and profit after tax (PAT) rose by 11% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | ₹19,538.45 Cr | ₹10,356.81 Cr | ₹4,986.44 Cr |
| Total Income | ₹804.93 Cr | ₹569.78 Cr | ₹424.45 Cr |
| Profit After Tax (PAT) | ₹40.46 Cr | ₹36.48 Cr | ₹40.06 Cr |
| EBITDA | ₹692.18 Cr | ₹485.69 Cr | ₹370.84 Cr |
| Net Worth | ₹122.89 Cr | ₹116.29 Cr | ₹108.21 Cr |
| Reserves and Surplus | ₹2,934.89 Cr | ₹2,870.91 Cr | ₹1,555.14 Cr |
| Total Borrowing | ₹12,920.54 Cr | ₹5,502.53 Cr | ₹2,671.70 Cr |
Key Performance Indicators (FY2026)
Competitive Strengths
- Category Leadership: Positioned as one of India’s top 10 renewable energy independent power producers by total operational and awarded capacity.
- Integrated Execution: Comprehensive in-house engineering, procurement, construction (EPC), and operations & maintenance (O&M) expertise.
- Revenue Predictability: Long-term Power Purchase Agreements (PPAs) with central and state government counterparties ensuring stable cash flows.
- Infrastructure Pipeline: Strong project development capabilities supported by robust land acquisition networks, grid connectivity, and resilient supply chains.
Issue Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
IPO Structure & Use of Proceeds
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
- Repayment/pre-payment, in full or part of certain borrowings availed by Company ₹683.24 Cr
- Investment in Material Subsidiaries (Juniper Green Gamma One, Three, Field, Beam Pvt. Ltd.) and Subsidiaries (Kite, Ray Two Pvt. Ltd.) for debt repayment ₹728.69 Cr
- General Corporate Purposes Balance
Public bidding opens on July 30, 2026 and closes on August 3, 2026. Minimum retail application lot size is fixed at 66 shares (₹14,850 based on upper price).
Juniper Green Energy Limited offers a pure-play growth exposure to India’s expanding utility-scale renewable energy infrastructure. With an established portfolio of 7,910+ MW and long-term PPAs, the operational foundation remains robust.
The planned infusion of fresh capital will channel ₹1,411.93 Cr directly toward deleveraging the parent and key operating subsidiaries, which will meaningfully strengthen the balance sheet. Investors interested in the green energy transition and long-term infrastructure IPPs may keep a close eye on subscription dynamics.
