Juniper Green Energy plans Rs 1,800 crore IPO in August 2026, supported by CARE Ratings

Juniper Green Energy Ltd. announced several credit rating actions and financial details, including an impending Initial Public Offering (IPO) of Rs 1,800 crore planned for August 2026. CARE Ratings Limited has assigned a rating of A+; Stable to the Long-term bank facilities amounting to Rs 472.16 for Juniper Green Spark Ten Private Limited, a wholly owned subsidiary, noting factors such as a long-term Power Purchase Agreement (PPA), generation in line with P90 PLF, and timely payments, alongside an adequate Debt Servicing Reserve Account (DSRA) equivalent to two quarters of scheduled debt servicing; CARE Ratings Ltd. also assigned a CARE A+; Stable rating to the same Long-term bank facilities of Rs 472.16, referencing corporate bonds and debentures as instruments rated by the agency, and disclosing information pursuant to SEBI Regulations, while CareEdge Ratings expects support from Juniper Green Energy Ltd. to Juniper Green Spark Ten Private Limited, with bank facilities/instruments reflecting opinions as of the rating date, and noting that further details regarding the rating are available in an attached PDF.