Juniper Green Energy closes IPO subscription

The INR 1,800 crore Juniper Green Energy IPO was subscribed at 3.08x. Retail investors have subscribed 23%, non-institutional investors 10%, and qualified institutional buyers 1.19x, while the employee portion has been booked 1.73x.Established in 2011, the company is an independent power producer focused on large-scale renewable energy projects including solar, wind, and hybrid segments, supported by battery energy storage systems.The company plans to use the new funds primarily to reduce its debt burden. Specifically, INR 683.24 crore will be utilized for the repayment or prepayment of its own borrowings, and INR 728.69 crore will be invested in material subsidiaries to assist with their respective loan repayments.