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News Topical, Digital Desk : Gurugram-based renewable power producer company Juniper Green Energy has filed a draft red herring prospectus (DRHP) with the market regulator (SEBI) for its IPO. The company will raise funds up to Rs 3000 crore through an initial public offering (IPO). The amount raised from this IPO will be used mainly to repay the debt. This IPO will be issued entirely as a fresh issue by the company.
Before the public issue, the company may consider raising up to Rs 600 crore through pre-IPO placement. If this funding is already raised, the size of the fresh issue will be reduced in the same proportion. The company said in its draft red herring prospectus (DRHP) that it will spend Rs 2250 crore raised from this IPO to repay the debt, while the remaining amount will be used for general corporate needs. As of May 2025, the company had a total fund-based debt of Rs 5894.3 crore.
One of the top 10 renewable independent producers, has claimed that it is one of the top 10 renewable independent producers in India. The company started its first solar project of 100 MW in March 2020 and by May 2025, its total installed capacity has reached 7,898.45 MW (10,069.58 MWp). Its portfolio includes solar as well as wind energy.
Competition with these listed companies The company competes with listed companies like Acme Solar Holdings, NTPC Green Energy and Adani Green Energy. In the financial year 2023-24, the company recorded a net profit of Rs 40 crore, while in the previous financial year it had a loss of Rs 12 crore. During this period, operational revenue grew by 18.2% to Rs 391.6 crore. At the same time, in the nine months ended December 2024, the company achieved a profit of Rs 7.8 crore and revenue of Rs 351.6 crore. ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial, and Kotak Mahindra Capital Company have been appointed as merchant bankers to manage this IPO.
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