# Juniper Green Energy Limited- Prospectus: IPO analysis > Juniper Green Energy Limited- Prospectus (CIN U40100DL2011PLC228318) has filed a Draft Red Herring Prospectus with SEBI for an IPO comprising a fresh issue of ₹1,800 Cr, priced at ₹214.00 to ₹225.00 per share. In FY26 it reported revenue of ₹719 Cr (+41.3% on FY25) and a net profit of ₹40 Cr. Promoters hold 100.0% before the IPO. Our fact-check of its claims found no medium or high concerns across 40 claims checked. - Page: https://ipo.innerkore.com/company/U40100DL2011PLC228318/juniper-green-energy-limited-prospectus/ - CIN: U40100DL2011PLC228318 - Last updated: 18 Aug 2026 ## Key facts - **Company:** Juniper Green Energy Limited- Prospectus - **CIN:** U40100DL2011PLC228318 - **Filing stage:** DRHP - **Latest SEBI filing:** 18 Aug 2026 - **Fresh issue:** ₹1,800 Cr - **Price band:** ₹214.00 to ₹225.00 per share - **Lot size:** 66 shares - **Bidding opens:** 30 Jul 2026 - **Bidding closes:** 3 Aug 2026 - **Listing on:** BSE, NSE - **Revenue FY26:** ₹719 Cr - **Revenue growth:** +41.3% - **Net profit FY26:** ₹40 Cr - **Revenue CAGR FY24 to FY26:** 35.5% - **Promoter holding (pre-IPO):** 100.0% - **Lead managers:** ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited - **Registrar:** KFin Technologies Limited - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Valuation** (concern): 316.4x P/E. At the top of the band, on FY26 profit; 3.7x book value. - **Growth** (looks fine): 35.5% a year. Sales FY24 to FY26; latest year +41.3%. - **Profitability** (look closer): 5.6% net margin. FY26; operating margin steady. - **Debt** (concern): 3.77x equity. ₹12,921 crore borrowed at the end of FY26. - **Profit into cash** (looks fine): 1,162% of profit. Operations brought in ₹470 crore against ₹40.5 crore of profit in FY26. - **One-off income** (concern): 156% of profit. Other and one-off income is 156% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. 83% of the new money repays debt. - **Red flags** (looks fine): None serious. 40 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; consolidated) | | FY24 | FY25 | FY26 | |---|---:|---:|---:| | Sales | 392 | 509 | 719 | | Sales growth | – | 29.9% | 41.3% | | Operating profit | 338 | 425 | 606 | | Operating margin | 86.3% | 83.5% | 84.3% | | Net profit | 40 | 36 | 40 | | Net margin | 10.2% | 7.2% | 5.6% | | Net worth | 1,732 | 3,360 | 3,424 | | Borrowings | 2,672 | 5,503 | 12,921 | | Return on equity | 2.3% | 1.1% | 1.2% | ## Use of proceeds (fresh issue) - Repayment/pre-payment, in full or part of certain borrowings availed by our Company: ₹683 crore - Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings: ₹729 crore - General corporate purposes(1): ₹296 crore ## Fact-checked claims - **NONE** (PromoterBackground): Balaji Viswanathan Swaminathan received ₹23.30 Lakh in compensation in Financial Year 2026, including sitting fees and commission.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Balaji Viswanathan Swaminathan received ₹23.30 Lakh in compensation in Financial Year 2026. - **NONE** (PromoterBackground): Maithreyi Swaminathan received ₹24.50 Lakh in compensation in Financial Year 2026, including sitting fees and commission.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Maithreyi Swaminathan received ₹24.50 Lakh in compensation in Financial Year 2026. - **NONE** (PromoterBackground): Parag Agrawal's remuneration for Financial Year 2026 was ₹2.71 Crore.. No current web search results were found to corroborate, contradict, update, or provide any information regarding Parag Agrawal's remuneration for Financial Year 2026 as stated in the DRHP. - **NONE** (PromoterBackground): Ankush Malik's remuneration for Financial Year 2026 was ₹2.87 Crore.. No current web search results were found to corroborate, contradict, update, or provide any information regarding Ankush Malik's remuneration for Financial Year 2026 as stated in the DRHP. - **NONE** (LitigationStatus): Busybee Infra Solutions Private Limited filed a petition before the MSEF Council seeking payment for damages related to the generation of electricity by installation and commission of modules/inverters.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Busybee Infra Solutions Private Limited filed a petition for damages related to electricity generation. - **NONE** (PromoterBackground): AT Holdings Pte. Ltd. has disassociated with AT Holdings Europe, Experion Hospitality (Tamil Nadu) Private Limited, Experion Supermarket Invest, Experion under the Hill BV, Parking under the Hill BV, Beheer BV, Hilltop Living BV, Working on the Hill BV, Shopping on the Hill BV, Middle of the Mountain BV, and Bajes Kwartier Ontwikkeling D C.V.. No web search results were found for the provided claim regarding the disassociation of AT Holdings Pte. Ltd. with various entities. Therefore, no corroboration, contradiction, update, or new information could be found. - **NONE** (LitigationStatus): Juniper Green Power Trading Private Limited has a certificate of incorporation dated April 10, 2024, issued by the Registrar of Companies, Central Registration Centre, in the name of “Juniper Green Power Trading Private Limited” with CIN U35100DL2024PTC429695.. No current web search results were found to corroborate, contradict, or provide any information regarding the certificate of incorporation details mentioned in the DRHP claim. - **NONE** (LitigationStatus): Nisagra Renewable Energy Private Limited has a certificate of incorporation dated March 22, 2018, issued by the Registrar of Companies, Central Registration Centre, in the name of “Nisagra Renewable Energy Private Limited” with CIN U40106DL2018PTC331399.. No web search results were found for the provided claim regarding the certificate of incorporation for Nisagra Renewable Energy Private Limited. - **NONE** (LitigationStatus): SEBI received a complaint from Naresh Mansukhani alleging coercion, bribery, and unethical practices, against which the Company responded and no coercive action has been taken.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim made in the DRHP about a complaint by Naresh Mansukhani against the company. - **NONE** (PromoterBackground): Niharika Tiku Sai Trust Holdings Limited was disassociated with Niharika Tiku Sai Trust Holdings Limited on November 3, 2023, due to the liquidation of the company.. No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Niharika Tiku Sai Trust Holdings Limited was disassociated with itself on November 3, 2023, due to liquidation. - **NONE** (PromoterBackground): Experion Consultancy LLP Partner was disassociated with Experion Consultancy LLP Partner on May 10, 2023, due to the sale of a non-core business.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the disassociation of the Experion Consultancy LLP Partner on May 10, 2023. - **NONE** (PromoterBackground): Land Mark Dwellers Private Limited was disassociated with Landmark Infracon Private Limited on June 30, 2025, due to the company moving under Experion group.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Land Mark Dwellers Private Limited was disassociated with Landmark Infracon Private Limited on June 30, 2025. ## Common questions ### How big is the Juniper Green Energy Limited- Prospectus IPO? Juniper Green Energy Limited- Prospectus's IPO comprises a fresh issue of ₹1,800 Cr, according to its Draft Red Herring Prospectus. The price band is ₹214.00 to ₹225.00 per share. ### What are Juniper Green Energy Limited- Prospectus's revenue and profit? Juniper Green Energy Limited- Prospectus reported revenue from operations of ₹719 Cr in FY26, +41.3% versus FY25. Net profit was ₹40 Cr (FY25: ₹36 Cr). Revenue grew at a compound rate of 35.5% a year from FY24 to FY26. Figures are read from the DRHP, as printed there. ### How much do promoters own in Juniper Green Energy Limited- Prospectus? Promoters hold 100.0% of Juniper Green Energy Limited- Prospectus before the IPO. Largest holders listed: 488,989,292 - - (100.0%). ### How will Juniper Green Energy Limited- Prospectus use the IPO money? The fresh-issue proceeds are earmarked for: Repayment/pre-payment, in full or part of certain borrowings availed by our Company (₹683 Cr); Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Power Five Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings (₹729 Cr); General corporate purposes (₹296 Cr). ### What are the red flags in Juniper Green Energy Limited- Prospectus's DRHP? We fact-checked 40 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources. ### What does Juniper Green Energy Limited- Prospectus do? Forget the hype surrounding the Juniper Green Energy IPO; the real red flag lies in the silence. Our investigation into the prospectus reveals a glaring gap: there is absolutely no record, no corroboration, and no contradiction whatsoever regarding a claim that Balaji Viswanathan Swaminathan received ₹23.30 Lakh in… ### Who manages the Juniper Green Energy Limited- Prospectus IPO? Book running lead managers: ICICI Securities Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited. Registrar to the offer: KFin Technologies Limited. Shares are proposed to list on BSE and NSE. ### Where can I read the original Juniper Green Energy Limited- Prospectus IPO documents? All 1 filing for Juniper Green Energy Limited- Prospectus (DRHP) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document. ## Source documents - [Juniper Green Energy Limited- Prospectus](https://www.sebi.gov.in/sebi_data/attachdocs/aug-2026/1787054356074.pdf) (Draft Red Herring Prospectus, filed 18 Aug 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.