Renewable energy player Juniper Green Energy debuted in the equity markets on Thursday, with its shares listing at a nearly 9% premium to the IPO issue price. The stock opened at Rs 245 on the NSE and Rs 242 on the BSE, compared with the issue price of Rs 225 per share, signalling positive investor sentiment. After the listing, market experts advised investors to maintain a long-term outlook on the stock while keeping a stop-loss at Rs 225 to limit downside risks.
The listing performance was largely in line with grey market expectations, which had indicated a potential listing gain of around 10% over the upper end of the issue price band. The positive debut reflected healthy investor interest in the renewable energy company’s public offering.
