MV Electrosystems’ Rs 290 crore IPO draws 12.79x bids as Rs 1,800 crore Juniper Green issue stays under-subscribed
Indian IPO demand is diverging: MV Electrosystems (smaller issue) is heavily oversubscribed with strong retail/NII interest and a higher grey-market premium, while Juniper Green Energy remains undersubscribed amid cited risks such as customer concentration and supplier/land constraints. The news signals selective risk appetite within primary issuance rather than a broad shift in macro or listed-asset sentiment, with limited immediate cross-market impact.
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Two India IPOs are heading into their final day of bidding on Monday, with MV Electrosystems seeing strong demand while Juniper Green Energy remains under-subscribed. MV Electrosystems’ Rs 290 crore offer was nearly covered by institutional investors and drew heavy retail interest, whereas Juniper Green’s Rs 1,800 crore issue has yet to be fully subscribed. Analysts flagged customer concentration risk at Juniper Green, where the top two customers contribute 86.06% of FY26 revenue.