JUNIPER GREEN ENERGY FILES DRHP WITH SEBI FOR UP TO Rs.3000 CRORE IPO

Juniper Green Energy Limited is among the top 10 largest renewable independent power producer (“IPPs”) in India in terms of Total Capacity as at December 31, 2024, where total capacity includes operational, under construction contracted and awarded projects. (Source: CRISIL Report). The company develop, build, operate and maintain utility scale renewable energy projects through its in-house EPC team and O&M team, and generate revenue through the sale of electricity to various off-takers, including central and state government-backed entities.

Juniper Green Energy Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds through offer of equity shares (face value ₹10 each) through initial public offerings aggregating up to ₹ 30,000 million (₹3000 Crore).

The offer comprises of fresh issue of equity shares aggregating up to ₹ 30,000 million (₹3000 Crore). (The “Fresh Issue”)

The Company proposes to utilize the Net Proceeds towards funding – (i) Repayment/ prepayment in full or part, of certain borrowings availed by our Company estimated amount to be ₹10,922.71 million [₹ 1092.27 crores] , (ii)  Investment in our Material Subsidiaries namely Juniper Green Gamma One Private Limited, Juniper Green Three Private Limited, Juniper Green Field Private Limited, Juniper Green Beam Private Limited, and our Subsidiaries namely Juniper Green Kite Private Limited and Juniper Green Ray Two Private Limited for repayment/ pre-payment, in full or in part, of all or a portion of certain of their outstanding borrowings estimated amount to be ₹ 11,577.29 million [₹1157.72 crores] and balance amount towards general corporate purposes. (The “Object of Issue”).

The company commissioned its first solar project with a capacity of 100 Megawatts (“MW”) (144.97 Megawatts peak (“MWp”)) in March 2020 and have since expanded its portfolio of projects to a Total Capacity of 7,898.45 MW (10,069.58 MWp) as at May 31, 2025. Apart from solar projects, Juniper Green portfolio also includes wind energy projects and a focus on complex renewable energy projects, such as WSH and FDRE projects with BESS. They are ranked as the second largest bidder in terms of total capacity won in WSH and FDRE tenders concluded between April 1, 2021 to December 31, 2024 and had a 100% conversion rate for WSH and FDRE tenders won between April 1, 2021, to December 31, 2024. (Source: CRISIL Report)

The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). (The “Listing Details”)

ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue. (The “BRLMs”).