India, July 27 -- Juniper Green Energy Ltd on Monday fixed the price band for its Initial Public Offering (IPO) at Rs 214-225 per equity share, with the public issue set to open for subscription on July 30, according to a public announcement.

The Rs 1,800 crore IPO comprises entirely of fresh equity shares. The issue will close on August 3, while bidding by anchor investors will open on July 29.

At the upper price band, the company's market capitalisation is estimated at around Rs 12,802 crore post issue.

Of the IPO proceeds, Rs 683.24 crore will be used to repay or prepay some of the company's borrowings. Another Rs 728.69 crore will be invested in its subsidiaries -- Juniper Green Gamma One, Juniper Green Kite and Juniper Green Power...