Juniper Green Energy IPO Day 3: GMP at 1%; Check subscription and key details. Should you apply or skip?

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.