Juniper Green Energy's IPO crossed full subscription on the final day of bidding, driven by strong institutional demand. As of 12:51 PM on August 3, the issue was subscribed 1.89x overall, with QIBs at 5.88x, while Retail (0.33x) and NII (0.22x) remained under-subscribed. The ₹1,800 crore fresh issue will largely be used to reduce debt, with allotment expected on August 4 and listing on August 6.
Juniper Green Energy's IPO has entered its third and final day of bidding on August 3, 2026, and the issue has now crossed full subscription. Incorporated in 2011 and headquartered in New Delhi, the company is one of India's leading 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, with major customers GUVNL and MSEDCL contributing 86.06% of FY26 revenue.
This is a 100% fresh issue worth ₹1,800 crore, with no offer for sale. The full amount raised goes into the company, with a significant portion, ₹1,411.93 crore, earmarked for repaying borrowings, since renewable IPPs like Juniper typically finance projects through debt well before those projects start generating cash flows.
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 today, August 3, and listing is expected August 6 on both BSE and NSE.
Juniper Green Energy IPO - Day 3 Subscription Status
Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 3
The final day has pushed the issue past full subscription, led by strong institutional and employee-quota demand.
| Category | Subscription (Day 3) |
|---|---|
| Qualified Institutional Buyers (QIB) | 5.88x |
| Non-Institutional Investors (NII) | 0.22x |
| Retail Individual Investors (RII) | 0.33x |
| Employee | 2.68x |
| Overall | 1.89x |
Figures as of 12:51 PM, August 3, 2026 (Day 3, closing day). The issue received bids for over 11.14 crore shares against roughly 12.46 crore shares on offer within the categories tallied so far. Numbers will keep climbing through the remainder of the day as bidding wraps up this evening.
What Day 3 Numbers Indicate
QIB has driven this final-day surge, jumping to 5.88x, exactly the pattern typically seen with institutional investors, who tend to place the bulk of their bids only in the closing hours once they've had time to assess the rest of the book. The employee quota has also seen strong demand, subscribed 2.68 times.
Retail and NII, on the other hand, remain the laggards at 0.33x and 0.22x respectively, a reversal from what's usually the case in many mainboard IPOs, where retail tends to lead. Here, individual investor appetite has stayed muted through the entire three-day window, even as institutional conviction has clearly strengthened by the close.
Overall subscription crossing 1x at 1.89x by early afternoon confirms the issue is now fully booked, with QIB effectively carrying the numbers across the finish line on the back of strong institutional confidence in the company's project pipeline and deleveraging plan.
Day-wise IPO Subscription Trend
| Day | Overall Subscription |
|---|---|
| Day 1 | 0.38x |
| Day 2 | 0.47x |
| Day 3 (Final, as of 12:51 PM) | 1.89x |
The sharp jump from 0.47x on Day 2 to 1.89x by early afternoon on Day 3 reflects the typical last-day institutional rush, QIB alone moved from fully booked at the Day 2 close to nearly 6 times oversubscribed within hours of the final day opening.
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 on the last day:
- 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 total income rose 41% year-on-year to ₹804.93 crore, though profit after tax grew a more modest 11% to ₹40.46 crore.
- The company carries meaningful debt, and a large chunk of this issue's proceeds are earmarked specifically to address that. The strong QIB response on the final day is a reasonable signal that institutional investors are comfortable with the deleveraging plan and the company's underlying project pipeline.
- Retail and NII interest has stayed muted right through the window, closing well below full subscription in both categories, worth factoring in given this is the segment individual investors are applying under.
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 (Ventura, Zerodha, Kotak Neo, etc.), 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.
Since this is the closing day, get your application in well before the cut-off time this evening. Bid in multiples of the 66-share lot, and apply at the cut-off price to keep your allotment chances intact.
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
Day 2 closed with the issue subscribed 0.47 times overall, with QIB already fully booked at that stage while retail and NII lagged behind. Day 3, the final day, has seen QIB surge further to 5.88x by early afternoon, pushing the overall figure to 1.89x and past full subscription. Final closing numbers will be updated once bidding wraps up this evening.
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.
IPO Subscription History
Previous Day Subscription
Day 1 closed at 0.38x overall, with retail leading at 0.08x, NII at 0.03x, and QIB yet to pick up meaningfully. Day 2 closed at 0.47x, with QIB reaching full subscription at 1.19x, the employee quota fully booked at 1.69x, while retail (0.22x) and NII (0.09x) remained slow.
Final Subscription Figures
Final numbers will only be available once bidding closes this evening, August 3, 2026. Check back after the window shuts for the complete category-wise final tally.
Conclusion
Juniper Green Energy's IPO has closed out its bidding window with a strong institutional push, crossing full subscription at 1.89x on the final day, driven almost entirely by QIB demand at 5.88x and solid employee-quota interest at 2.68x. Retail and NII, however, have stayed subdued throughout the three-day window, a reversal of the more typical pattern where individual investors tend to lead. With a sizeable chunk of the ₹1,800 crore raise earmarked for debt reduction, the strong last-day institutional conviction is a reasonable signal of confidence in the company's deleveraging plan as it heads toward its August 6 listing.
