The Rs 1,800-crore Juniper Green Energy IPO closes for subscription today with a subdued grey market premium of 1%. While institutional demand remains strong, high valuation concerns linger. Proceeds will primarily fund debt reduction, offering a long-term play on India's expanding renewable energy sector despite limited short-term listing gain prospects.

The Rs 1,800-crore Juniper Green Energy IPO entered Day 2 of bidding with a grey market premium of 3.56%. Subscribed 36% on Day 1, the issue features strong QIB interest but rich…

Juniper Green Energy has a strong 7.91-GW pipeline, but high valuation, heavy funding needs and thin profits leave investors little margin for error.