Juniper Green Energy files preliminary papers with SEBI to raise Rs 3,000 crore through IPO
Juniper Green Energy has filed preliminary papers with capital markets regulator Securities and Exchange Board of India (SEBI) to mobilise Rs 3,000 crore through an initial public offering (IPO).
Proceeds from the fresh issue to the extent of Rs 1,157.7 crore will be used to invest in its material subsidiaries -- Juniper Green Gamma One, Juniper Green Three, Juniper Green Field, and Juniper Green Beam -- as well as other subsidiaries Juniper Green Kite and Juniper Green Ray Two, for repayment of debt. The company will also use funds worth Rs 1,092.3 crore for repayment of debt and general corporate purposes.
ICICI Securities, HSBC Securities and Capital Markets (India), JM Financial and Kotak Mahindra Capital Company are the book running lead managers to the IPO. The company's shares are proposed to be listed on the BSE and NSE.
Juniper Green Energy develops, builds, operates and maintains utility-scale renewable energy projects through its in-house EPC and O&M teams, and earns revenue by selling electricity to various off-takers, including central and state government-backed entities.
