Juniper Green Energy IPO subscribed 2.67x so far on final day, QIB demand at 8.47 times
The IPO, priced in the range of ₹214-225 per equity share, comprised entirely a fresh issue of equity shares
Juniper Green Energy's ₹1,350 crore IPO saw a strong subscription rate of 2.67 times by the final bidding day, with particularly high demand from qualified institutional buyers at 8.47 times. The retail and employee reserved portions also saw modest subscriptions of 0.36 times each, while the employee reserved portion was subscribed 2.90 times.
The company raised ₹539.4 crore from anchor investors prior to the IPO, and plans to use a significant portion of the proceeds to repay loans and invest in subsidiaries. The shares are set to be listed on the BSE and NSE on August 6.
Brief written by urgent.news from Hindu BusinessLine's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
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