ANKUR TYAGI
New Delhi, September 23, 2025: While online shoppers are flocking to Amazon’s Great Indian Sale and Flipkart’s Big Billion Days, the stock market is buzzing with action of its own. As many as 10 initial public offerings (IPOs) opened for subscription today, offering investors a wide range of opportunities across sectors.
IPOs Launched on September 23
The companies that hit the primary market today include:
- Solarworld Energy Solutions
- Jaro Institute of Technology Management & Research
- Seshaasai Technologies
- Anand Rathi Share & Stock Brokers
- BharatRohan Airborne Innovations
- Aptus Pharma
- NSB BPO Solutions
- True Colors
- Matrix Geo Solutions
- Ecoline Exim
Major Issues to Watch
- Seshaasai Technologies: With an IPO size of ₹813.07 crore, this is the largest issue of the day. The offering, comprising both fresh equity and an offer for sale (OFS), is priced in the band of ₹402–₹423 per share. The company provides payment solutions, communications, and fulfilment services to the BFSI sector.
- Anand Rathi Share & Stock Brokers: Looking to raise ₹745 crore, the company has issued 1.80 crore new equity shares. The proceeds will be utilised for working capital requirements and other corporate purposes.
- Solarworld Energy Solutions: Aiming to collect ₹490 crore, this IPO has a price band of ₹333–₹351 per share. The company operates in the solar energy solutions space, with a mix of fresh shares and OFS.
Subscription Status (as of 12:25 pm, September 23)
- Anand Rathi Share IPO – ₹745 crore – 17% subscribed
- Seshaasai Technologies IPO – ₹813.07 crore – 36% subscribed
- Jaro Education IPO – ₹450 crore – 39% subscribed
- Ecoline Exim IPO – ₹76.42 crore – 15% subscribed
- Solarworld Energy IPO – ₹490 crore – 42% subscribed
- NSB BPO Solutions IPO – ₹77.91 crore – 6% subscribed
- Matrix Geo Solutions IPO – ₹40.20 crore – 9% subscribed
- True Colors IPO – ₹127.96 crore – 54% subscribed
- Aptus Pharma IPO – ₹13.02 crore – 47% subscribed
- BharatRohan Airborne IPO – ₹45.04 crore – 5% subscribed
👉 Takeaway: With 10 IPOs hitting the market simultaneously, September 23 has turned into one of the busiest days for primary market investors in 2025. While smaller issues are still seeing lukewarm response, some like True Colors, Aptus Pharma, and Solarworld Energy have already attracted strong investor interest.
Abhishek Sinha
