Juniper Green Energy files DRHP with SEBI for IPO

Juniper Green Energy has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise over Rs 30 billion through an IPO of equity shares. The issue will consist solely of a fresh issue with no offer-for-sale (OFS) component. The company plans to utilise up to Rs 10.92 billion from the net proceeds for debt repayment, and Rs 11.57 billion for repayments related to its subsidiaries. These subsidiaries include Juniper Green Gamma One and Three, Juniper Green Field, Juniper Green Beam, Juniper Green Kite, and Juniper Green Ray Two. The remaining proceeds from the IPO will be used for general corporate purposes.