+
Juniper Green Fixes Rs 214-225 Price Band For Rs 1,800 Crore IPO
ECONOMY & POLICY

Juniper Green Fixes Rs 214-225 Price Band For Rs 1,800 Crore IPO

Juniper Green has fixed a price band of Rs 214 to Rs 225 per share for an initial public offering that will open on July 30 and is sized at Rs 1,800 crore, equivalent to Rs 18 billion (bn). The offer will support project financing and growth.

Chairperson Arvind Tiku said 83 per cent of the portfolio comprises wind-solar hybrid or firm and dispatchable renewable energy projects and that including projects under construction capacity stands at 10,247 MWp with a battery energy storage system (BESS) portfolio of 4,564 MWh. The firm said it has grid connectivity for all under-construction projects and a surplus of 1,688 MW.

The company holds a land bank of 12,000 acres and more than 300 wind turbine generator locations for projects under construction. Most operational projects were commissioned ahead of schedule, with a weighted average lead time of 147 days.

The company reported total income of Rs 805 crore in 2015-16, equivalent to Rs 8.05 billion (bn). In market context the Indo-MIM initial public offering achieved subscription of 72.34 times on the final day of bidding while Xtranet Technologies received 12.24 times subscription.

SBI Mutual Fund appointed Manish Mehta as chief business officer after a 15-year tenure at Kotak Mahindra Asset Management Company where he was joint president and national head of sales, marketing and digital business. Sales at SBI Mutual Fund remain headed by co chief executive officer D P Singh.

Edelweiss Mutual Fund plans to launch the Edelweiss Nifty Reits and Realty Index Fund from August five to August 19, positioning it as likely India's first mutual fund scheme focused on Reits, with the underlying index allocating around 60 per cent to listed Reits and 40 per cent to real estate firms. The scheme aims to offer diversified exposure to the real estate ecosystem via listed Reits.

Juniper Green has fixed a price band of Rs 214 to Rs 225 per share for an initial public offering that will open on July 30 and is sized at Rs 1,800 crore, equivalent to Rs 18 billion (bn). The offer will support project financing and growth. Chairperson Arvind Tiku said 83 per cent of the portfolio comprises wind-solar hybrid or firm and dispatchable renewable energy projects and that including projects under construction capacity stands at 10,247 MWp with a battery energy storage system (BESS) portfolio of 4,564 MWh. The firm said it has grid connectivity for all under-construction projects and a surplus of 1,688 MW. The company holds a land bank of 12,000 acres and more than 300 wind turbine generator locations for projects under construction. Most operational projects were commissioned ahead of schedule, with a weighted average lead time of 147 days. The company reported total income of Rs 805 crore in 2015-16, equivalent to Rs 8.05 billion (bn). In market context the Indo-MIM initial public offering achieved subscription of 72.34 times on the final day of bidding while Xtranet Technologies received 12.24 times subscription. SBI Mutual Fund appointed Manish Mehta as chief business officer after a 15-year tenure at Kotak Mahindra Asset Management Company where he was joint president and national head of sales, marketing and digital business. Sales at SBI Mutual Fund remain headed by co chief executive officer D P Singh. Edelweiss Mutual Fund plans to launch the Edelweiss Nifty Reits and Realty Index Fund from August five to August 19, positioning it as likely India's first mutual fund scheme focused on Reits, with the underlying index allocating around 60 per cent to listed Reits and 40 per cent to real estate firms. The scheme aims to offer diversified exposure to the real estate ecosystem via listed Reits.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Suzuki Targets 4 mn Units in India by FY30, Builds Global Hub

Suzuki Motor Corporation plans to raise annual production capacity in India to approximately 4 mn units from fiscal 2030, strengthening the country’s role as a manufacturing and export hub for its global operations. The Japanese car maker announced the target as part of its Technology Strategy 2026, which outlines its development and manufacturing priorities for the coming decade. The company also aims to improve development efficiency by 30 per cent from the FY20 level and manufacturing efficiency by 50 per cent by FY30. It plans to halve the lead time required to develop new vehicles by im..

Next Story
Infrastructure Transport

Ayodhya Airport to Add Flights to Delhi, Bengaluru and Mumbai

Ayodhya airport will get additional direct air services to Delhi and Bengaluru from October 1, followed by a daily non-stop connection to Mumbai from October 30. The existing IndiGo service to Hyderabad is also being prepared for conversion into a daily operation, widening travel options from the temple city. Passengers travelling to Delhi will have two direct options at different times of day from October 1. Akasa Air flight QP 1608 will depart Ayodhya at 12:50 pm and arrive in Delhi at 2:20 pm, while Air India Express flight IX 1274 will leave at 2:10 pm and reach the capital at 3:45 pm. Ind..

Next Story
Infrastructure Urban

Cement Prices Rise Again in Himachal Pradesh

Cement prices in Himachal Pradesh have increased for the second time this month, raising construction expenses for households, contractors and other consumers. Cement companies raised rates by Rs. 5 per bag on Friday, 10 days after a similar increase was implemented on September 15. The two revisions have lifted prices by a total of Rs. 10 per bag within 10 days. Dealers Pawan, Rohit, Manoj and Rakesh said the latest rates were being applied across the market, adding to the financial pressure on people building or renovating homes. ACC Suraksha cement is now priced at Rs. 425 per bag, compared..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code