Juniper Green Energy is gearing up for its stock market debut today, August 6, and early signals from the grey market point to a promising start. The company's IPO is currently trading at a grey market premium (GMP) of around Rs 23 per share, hinting at a potential listing gain of nearly 10% over the upper issue price of Rs 225.If the current GMP trend holds, the stock could debut at around Rs 248 per share. That said, investors should keep in mind that grey market premiums are unofficial indicators and may not accurately reflect the stock's actual listing performance.The Rs 1,800 crore initial public offering, which consisted entirely of a fresh issue of 8 crore equity shares, witnessed healthy investor participation during the subscription period.Overall, the IPO was subscribed 7.97 times, with institutional investors leading the charge. The Qualified Institutional Buyers (QIB) portion was oversubscribed 24.94 times, reflecting strong confidence from large investors. The Non-Institutional Investors (NII) category was subscribed 1.82 times, while the Retail Individual Investors (RII) segment recorded a subscription of 93%.The issue was priced in the range of Rs 214-225 per share. ICICI Securities acted as the book-running lead manager, while KFin Technologies served as the registrar to the issue.IPO Proceeds to focus on debt reductionA significant portion of the IPO proceeds will be used to strengthen the company's balance sheet by reducing debt.Juniper Green Energy plans to allocate Rs 683.24 crore towards the repayment or prepayment of its borrowings. Additionally, Rs 728.69 crore will be infused into its material subsidiaries, enabling them to repay outstanding loans.In total, nearly Rs 1,411.92 crore will go towards debt reduction, a move expected to lower financing costs, improve leverage and enhance the company's financial flexibility. The remaining funds will be used for general corporate purposes.Healthy Financial PerformanceThe renewable energy company reported solid financial performance in FY26, supported by higher revenues and improved profitability. Total income rose 41%, increasing from Rs 569.78 crore in FY25 to Rs 804.93 crore in FY26, highlighting the company's expanding operational scale. Meanwhile, profit after tax (PAT) grew 11% to Rs 40.46 crore, compared with Rs 36.48 crore in the previous financial year.About Juniper Green EnergyEstablished in 2011, Juniper Green Energy is among India's leading renewable energy independent power producers (IPPs). The company develops, builds, owns, operates and maintains utility-scale renewable energy projects across solar, wind, hybrid, and Firm & Dispatchable Renewable Energy (FDRE) segments, supported by Battery Energy Storage Systems (BESS).Its business is backed by long-term Power Purchase Agreements (PPAs) with central and state government-backed entities, providing stable and predictable revenue streams.As of June 30, 2026, Juniper Green Energy had a diversified renewable energy portfolio of 7,910.20 MW (10,247.06 MWp) spanning operational, under-construction, contracted and awarded projects. This places the company among the top 10 renewable energy IPPs in India by installed and pipeline capacity.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)