The Rs 1,800-crore Juniper Green Energy IPO moved into Day 2 of bidding with investors closely tracking its grey market premium and subscription trend. The grey market premium was around 3.56%, or roughly 4%, lower than the earlier 8% indication. That suggests sentiment remains positive, but expectations for listing gains appear more restrained than before.
On the subscription front, the issue had been subscribed 36% on Day 1. Reports indicate stronger interest from qualified institutional buyers, which is often watched as a sign of confidence in a public offering. Even so, the overall response so far points to measured demand rather than an aggressive rush.
A key point in the Juniper Green Energy IPO review is valuation. The issue is being discussed at more than 270 times FY26 earnings, a level many analysts consider expensive. Because of that, the tone from the Street has been largely neutral, with advice leaning toward a selective approach instead of a broad-based conviction call.
For investors wondering whether to apply or skip, the decision appears to hinge on risk appetite. Those looking mainly for quick listing gains may note the softer grey market trend, while longer-term investors may focus more on the company’s business and pricing. At this stage, the combination of modest GMP and rich valuation is keeping the outlook balanced rather than strongly bullish.
