IPO-bound Juniper Green Energy converts to public entity

Juniper Green Energy, a home-grown renewable energy power producer, has converted from a private entity to a public company ahead of its planned initial public offering (IPO), according to

filings with the Registrar of Companies (RoC). Consequently, the company’s name has been updated from Juniper Green Energy Private Limited to Juniper Green Energy Limited.

Earlier this month, the board of directors of the company approved the proposal to convert to a public limited company.

The move is being seen as part of the company’s strategy to start its process of going in for an IPO. The Delhi-based renewable company is reportedly in talks with investment banks to tap

the IPO market, and looking to raise as much as $200-250 million.

Last week, the company announced the appointment of Ankush Malik as its CEO. Malik will lead long-term growth strategies and oversee all aspects of the firm’s operations, and regulatory

aspects of the business. With over 15 years of experience in the power sector, Malik has been with the company since November 12, 2018, and was inducted into the board as the COO on April

30, 2024. His leadership has played a pivotal role in accelerating the company’s mission to deliver clean energy solutions that power a sustainable future, the company said in a release.

Juniper Green Energy is an independent renewable energy power producer in India, focussed on the development, construction, and operations of utility-scale solar, wind, and hybrid renewable

energy projects. Since its inception in October 2018, the company has grown its operational capacity to 1.1 GWp.

With expertise spanning the entire project lifecycle—from initial concept to construction and development across India—Juniper Green Energy provides energy solutions and undertakes

large-scale projects, thus playing a role in India's shift towards clean energy.

The company is a part of the AT Capital Group, a globally diversified investment group based in Singapore. AT Capital Group focuses on sectors including renewable energy, residential and

commercial real estate, with a presence in India, the GCC, Europe, and the US. Within India, the group also operates Experion Developers, a real estate company, and Experion Capital, a

non-banking financial company (NBFC) that specialises in financing real estate and infrastructure projects.

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