Juniper Green Energy's IPO reached 0.49x subscription on Day 2, improving from 0.38x on Day 1, with retail investors leading the demand while QIB and NII participation remained subdued. The ₹1,800 crore fresh issue will primarily be used to reduce debt and strengthen the company's balance sheet. Backed by a strong ₹539.40 crore anchor book, the IPO is expected to see higher institutional participation closer to the August 3 closing date.
Juniper Green Energy's IPO is now in its second day of bidding, July 31, 2026. Incorporated in 2011, the company is one of India's top 10 renewable energy independent power producers, developing, building, and operating utility-scale solar, wind, hybrid, and battery energy storage projects. As of June 2026, it had a diversified portfolio of 7,910.20 MW across 50 projects, spread across Gujarat, Rajasthan, Madhya Pradesh, and Maharashtra, with long-term power purchase agreements with government-backed entities like SECI, SJVN, NHPC, NTPC, and state utilities like MSEDCL and GUVNL.
This is a 100% fresh issue worth ₹1,800 crore, with no offer for sale. The full amount raised goes into the company, largely earmarked for repaying or prepaying borrowings (₹683.23 crore), funding debt repayment at material subsidiaries (₹728.69 crore), and general corporate purposes.
Price band is ₹214 to ₹225 per share. Lot size is 66 shares, so retail investors need ₹14,850 to apply at the upper end, with a cap of 13 lots (₹1,93,050). The issue closes August 3, and listing is expected August 6 on both BSE and NSE.
Juniper Green Energy IPO - Day 2 Subscription Status
Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 2
Day 1 closed with the issue subscribed 0.38 times overall. The latest overall figure available for Day 2 stands at 0.41x, showing gradual, continued movement.
| Category | Subscription |
| Qualified Institutional Buyers (QIB) | 1.25x* |
| Non-Institutional Investors (NII) | 0.09x* |
| Retail Individual Investors (RII) | 0.23x* |
| Overall | 0.49x |
*The overall figure of 0.49x is the latest available reading on Day 2. Category-wise splits marked with * are the last confirmed numbers from Day 1's 7:15 PM close, the latest granular breakdown available at the time of writing; these are expected to have moved up somewhat by now. Check the NSE site directly for the most current category-wise split.
What Day 2 Numbers Indicate
The overall subscription has inched up from 0.38x at Day 1's close to 0.49x, a modest but steady improvement. Retail has remained the strongest category through the opening stretch, though it's still well short of full subscription. NII and QIB continue to lag, which is typical this early in a four-day bidding window, institutional and big-ticket HNI money usually shows up in force only in the final one or two days.
The issue already secured ₹539.40 crore from 31 anchor investors on July 29, at the upper price band of ₹225, with participation from a mix of domestic mutual funds, insurance companies, sovereign wealth funds, and foreign investors, including names like the Abu Dhabi Investment Authority and Nippon India Mutual Fund. That kind of anchor backing is generally a reasonable signal of institutional confidence in the business, even when public bidding is still building up slowly.
With the overall number still below 1x this far into the second day, this issue has meaningful ground to cover before the August 3 close. Expect the sharpest movement in QIB and NII figures only in the closing stretch.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
| Day 1 | 0.38x |
| Day 2 | 0.49x (as of latest available reading, still building) |
| Day 3 (Final) | To be updated |
With a four-day bidding window and a strong anchor book already locked in, expect QIB and NII numbers to climb meaningfully only in the final one to two days before the August 3 close.
Juniper Green Energy IPO - Allotment and Listing Date
| Event | Date |
| Basis of Allotment | August 4, 2026 |
| Refund Initiation | August 5, 2026 |
| Shares Credited to Demat | August 5, 2026 |
| Listing Date | August 6, 2026 |
Should You Apply for Juniper Green Energy IPO?
A few things worth weighing before you decide:
- It's a 100% fresh issue, so the full ₹1,800 crore raised goes toward reducing debt and funding growth, not toward an exit for existing shareholders.
- QIB gets the largest allocation at 50%, NII gets 15%, and retail gets 35%, a fairly standard split for a mainboard issue of this size.
- FY26 revenue came in at ₹804.93 crore, up 41% year-on-year, though profit after tax grew a more modest 11% to ₹40.46 crore, reflecting some inconsistency in the bottom line due to higher provisioning for finance costs and depreciation.
- The company carries meaningful debt, with outstanding financial indebtedness of ₹15,928.94 crore as of June 2026, alongside contingent liabilities of ₹2,210.51 crore. The bulk of this IPO's proceeds are earmarked precisely to address this, so how the market views the deleveraging plan is worth watching over the remaining bidding days.
- The strong anchor book, featuring global institutional names alongside major domestic mutual funds, is a reasonable signal of underlying confidence in the business, even as public bidding builds up gradually.
This is informational content, not investment advice. Weigh your own risk appetite before applying.
How to Apply for Juniper Green Energy IPO
You can apply through any of these routes:
- ASBA via net banking – log into your bank's net banking, go to the IPO section, select Juniper Green Energy, enter quantity and bid price, then authorise.
- UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
- Physical ASBA form – submit through your bank branch if you prefer the offline route.
Bid in multiples of the 66-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.
Juniper Green Energy IPO Important Dates
| Event | Date |
| IPO Open Date | July 30, 2026 |
| IPO Close Date | August 3, 2026 |
| Anchor Investor Bid Date | July 29, 2026 |
| Basis of Allotment | August 4, 2026 |
| Refunds Initiated | August 5, 2026 |
| Demat Credit | August 5, 2026 |
| Listing Date | August 6, 2026 |
Day 2 & Day 3 Subscription Updates
This section will be updated as fresh numbers roll in from the NSE for Day 2 and into Day 3. With a strong anchor book already in place and a four-day bidding window, the sharpest movement in QIB and NII figures is likely only in the final one to two days before the August 3 close.
How to Check Juniper Green Energy IPO Subscription Status
How to check Juniper Green Energy IPO Subscription Status on NSE website
- Go to the NSE India website and open the "Live IPO Bidding" section.
- Select Juniper Green Energy Limited from the dropdown.
- You'll see category-wise bid numbers, updated through the trading day.
How to check Juniper Green Energy IPO Subscription Status on BSE website
- Visit the BSE India IPO page.
- Search for Juniper Green Energy under active issues.
- Click on it to view live bid quantity against shares reserved, split by category.
How to check Juniper Green Energy IPO Subscription Status on Ventura?
Log into your Ventura account, go to the IPO section, and select Juniper Green Energy from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.
IPO Subscription History
Previous Day Subscription
Day 1 closed with the issue subscribed 0.38 times overall. Retail led at 0.08x, NII followed at 0.03x, while QIB bids had barely picked up by the close.
Final Subscription Figures
Final numbers will only be available after the issue closes on August 3, 2026. Check back once bidding wraps up for the complete category-wise final tally.
Conclusion
Juniper Green Energy's IPO continues to build gradually, moving from 0.38x at Day 1's close to 0.49x as Day 2 progresses. Retail has remained the clear early leader, while QIB and NII are still catching up, standard behaviour for a large issue with a four-day window still open. With a solid ₹539.40 crore anchor book backed by domestic mutual funds, insurers, and foreign investors, and a business plan centred on reducing a sizeable debt load, this is one where the real subscription story will likely unfold only in the final stretch before the August 3 close.










