Juniper Green Energy IPO: Renuable Energy Sector company Junipar Green Energy has planned to raise Rs 3,000 crore with the help of its public issue. For this, the company has submitted draft papers near the capital market regulator SEBI. According to Draft Red Herring Prospects (DRHP), this IPO will have only new equity shares up to Rs 3,000 crore. There will be no offer for sale (offs) from the existing shareholders. Therefore, the entire money of IPO will go to the company.
Junipar Green Energy is planning to raise around Rs 600 crore before its IPO. If this pre-IPO placement comes and the company raises so much money then the size of the IPO will decrease. It is proposed to list the shares of Junipar Green Energy on BSE and NSE.
Junipar Green Energy launched its operations in 2018. The company develops the utility scale renewable energy projects through its in-house EPC and O & M (Operations and Maintenance) teams developed and maintains the development, build, operate and maintained. It earns revenue by selling electricity to various off-teams including entities of the central and state government.
How to use IPO money
Of the money received from IPO, Rs 1,157.7 crore will be used to invest in material subsidiaries Junipar Gramma One, Junipar Green Three, Junipar Green Field and Junipar Green Beam as well as other subsidiaries Junipar Green Kite and Junipar Green. 1,092.3 crore rupees will be used to repay the debt and the remaining money will be used for general corporate purposes.
Financial health of Juniper Green Energy
During the April-December 2024 period, the company earned a revenue of Rs 351.59 crore from the operations. The profit was Rs 7.82 crore. ICICI Securities, HSBC Securities and Capital Markets (India) Private Limited, JM Financial and Kotak Mahindra Capital Company, Book Running Lead Manager for IPO. Registrar, Caffein is technologies.
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