SAM, CAM, Linklaters act on Juniper Green Energy ₹1,800 crore IPO

Juniper Green Energy Limited has made an initial public offering of equity shares aggregating to ₹1,800 crore.

Shardul Amarchand Mangaldas & Co advised Juniper Green Energy on this IPO.

The transaction team was led by Sayantan Dutta (Partner) and Trishita Dasgupta (Partner), with assistance from Ankur Verma (Principal Associate), Associates Anoop Mukundan and Dipti Tharwani.

Cyril Amarchand Mangaldas advised the book running lead managers, being ICICI Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Kotak Mahindra Capital Company Limited on this IPO.

The transaction team was led by Abhiroop Lahiri (Partner) with support from Chinar Gupta (Principal Associate), Medhashree Verma (Senior Associate), Shreya Jain (Senior Associate), Associates Ritvik Maheshwari, Sanskar Modi and Sayor Ray.

Gokul Rajan, Partner (Regional Co-Head - Capital Markets – North) provided support on certain aspects of the transaction.

Linklaters advised the BRLMs as international legal counsel.

Juniper Green Energy is an independent renewable energy power producer and operator of solar, wind and hybrid power project. Juniper Green Energy presently has an operational portfolio of about 1GW with an under-construction capacity of 2GW and a development pipeline of more than 5GW of solar, wind and hybrid project. The company has end-to-end internal competencies in EPC and O&M services for its renewable projects.

The offering witnessed strong investor demand and was subscribed 8.69 times overall, with the Qualified Institutional Buyers (QIB) portion subscribed 27.44 times, the Non-Institutional Investors (NII) portion subscribed 1.82 times, and the Employee Reservation portion subscribed 3.58 times.

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