Juniper Green Energy IPO is attracting fair investor interest on the second day of bidding. The IPO was being looked forward to because of its presence in the renewable energy space.
The Juniper Green Energy IPO subscription opened on July 30th and will stay open until August 3rd. The company is expecting to raise Rs. 1,800 crore through a 100% fresh issue, with no offer-for-sale component.
Juniper Green Energy IPO Subscription Status Day 2
At the time of writing on July 31st, the Juniper Green Energy IPO was subscribed 0.47 times overall. The Qualified Institutional Buyers (QIBs) segment was booked 1.25 times (excluding anchor investors) while the Retail Individual Investors booked the issue 0.19 times and the NIIs bid 0.07 times The subscription figures will keep on changing throughout the day as more bids are received.
Juniper Green Energy IPO GMP Today
According to the latest available data at the investorgain website, the Juniper Green Energy IPO GMP today is Rs. 6.
Based on the issues' upper price band of Rs. 225 per share, the estimated listing price stands at around Rs. 231, indicating a potential listing gain of approximately 2.67% over the issue price.
Juniper Green Energy IPO Price Band And Lot Size
The price band for the Juniper Green Energy IPO has been fixed at Rs .214 to Rs. 225 per share. The IPO lot size is 66 equity shares, requiring a minimum investment of Rs. 14,850 for retail investors at the upper end of the price band.
The company has also reserved up to 98,039 equity shares for eligible employees, who are being offered a discount of Rs. 21 per share on the issue price.
Juniper Green Energy IPO Details
The Juniper Green Energy IPO is a book-built issue aggregating Rs. 1,800 crore. The public issue consists entirely of a fresh issue of 8 crore equity shares, with no existing shareholders selling their stake through an offer-for-sale. Since the proceeds are being raised entirely through a fresh issue, the funds will go directly to the company for its business and growth requirements.
Juniper Green Energy IPO Important Dates
After the bidding for the issue closes on August 3rd the allotment of the shares will be done on August 4th and company will hit the dalal street on August 6 listing on both NSE & BSE
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