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Juniper Green Energy IPO Day 2: GMP at 4%; Check subscription status and key details. Should you apply or skip?
Economic Times 2 hrs ago·31 Jul 2026, 3:12 am
Juniper Green Energy's initial public offering (IPO) is currently in its second day of bidding. The company raised Rs 1,800 crore to fund its expansion plans. On the first day, the issue was subscribed 36%, indicating moderate interest from investors. The grey market premium (GMP) currently stands at 4%, suggesting a slight premium over the issue price in the unofficial market.
The IPO is being viewed cautiously by market participants. While qualified institutional buyers (QIBs) have shown strong interest, the issue is priced at a premium valuation of over 270 times its estimated earnings for fiscal year 2026. This high valuation makes the stock expensive compared to its peers.
Investors should monitor the subscription status as the bidding progresses. The company's long-term growth prospects in the renewable energy sector are a key factor to consider. However, given the rich valuation, investors are advised to weigh the potential for future growth against the current high price.
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