Renewable power producer Juniper Green Energy is set to file an updated draft offer document for its proposed initial public offering with a downsized sale amount, according to people familiar with the matter.
Juniper is planning to raise around Rs 18 billion ($188 million) to Rs 20 billion from the IPO, compared with an earlier plan to mobilise up to Rs 30 billion, the people said. The entire sale will be a new issue of shares, and existing holders won’t sell equity in the upcoming issuance, according to the offer document.
The Gurugram-based firm, controlled by Singapore-domiciled Juniper Renewable Holdings Pte., filed its draft red herring prospectus with Securities and Exchange Board of India in June 2025. The market regulator approved the initial draft document last year.
Juniper Green couldn’t immediately reply to an emailed query from ET NOW. The company recently completed an investor roadshow linked to the IPO.
Some local issuers, that had put listing plans on hold in the aftermath of the start of the war in West Asia at the end of February, are reviving IPO proposals. Investor confidence about a U.S. – Iran peace agreement at Versailles, France last month, and decline in global crude prices below $100 per barrel underpin market sentiment. To be sure, investors are not lowering their caution, amid sporadic attacks in the Middle East and lingering uncertainties about whether the Mideast ceasefire would hold.
The company’s renewable portfolio has a peak capacity of around10,000 megawatts, spread over 48 projects as of May 2025, the company disclosed in the offer document.
Anurag Joshi heads the Mumbai reporting team at ET NOW. He leads the news coverage of some conglomerates, debt and equity capital markets, private equity, and M&As. He has over 20 years of experience as a financial journalist, formerly having worked at Bloomberg LP, Reuters, and The Economic Times.
