Juniper Green Energy IPO Subscribed 5.8x on Final Day as GMP Points to Flat Listing
Author: CNBC-TV18 Markets·
Key Takeaways
- •Juniper Green Energy’s IPO was subscribed 5.8 times on the final day of bidding.
- •Grey market premium data pointed to a flat listing for the offering.
- •The company plans to use ₹683.24 crore of the issue proceeds to repay borrowings.
- •It will also infuse ₹728.69 crore into its subsidiaries for debt repayment.
- •Any remaining proceeds will be used for general corporate purposes.
Juniper Green Energy’s initial public offering was subscribed 5.8 times so far on the final day of bidding, while the grey market premium indicated a flat listing, according to CNBC-TV18 Markets.
The subscription response and the muted grey market signal together give investors a quick read on near-term demand, but the offering’s use of proceeds remains the main disclosed financial detail. The company plans to use ₹683.24 crore from the issue proceeds to repay borrowings. In addition, ₹728.69 crore will be infused into its subsidiaries for debt repayment. The remaining funds will be used for general corporate purposes.