September 23 to See Record 10 IPO Launches — Busiest Day for Dalal Street in 2025
- 22nd September 2025
- 12:00:00 PM
- 4 min read
Summary
Dalal Street is bracing for its biggest spectacle of the year. On September 23, no fewer than 10 IPOs will jostle for investor attention in a single day. From edtech and renewables to financial services and SMEs, issuers are rushing to tap liquidity before the festive season. For investors, it’s not just choice — it’s a stress test of appetite and conviction.
Mumbai | September 22
September 23, 2025, is shaping up to be unlike any other for India’s primary markets. In a single trading day, ten IPOs will open for subscription, spanning both the mainboard and SME platforms. With over ₹2,700 crore at stake on the mainboard and another ₹380 crore from smaller issues, Dalal Street is set for its busiest IPO day of the year. The sheer volume underscores how companies across sectors are rushing to raise capital amid buoyant domestic liquidity and festive season optimism.
Mainboard IPOs
Jaro Education IPO
- Price Band: ₹846–₹890 per share
- Issue Size: ₹450 crore (Fresh issue ₹170 crore + OFS ₹280 crore)
- Objectives: ₹81 crore for marketing and brand building, ₹45 crore for debt repayment, remainder for corporate purposes
- About the company: Founded in 2009, Jaro Education partners with leading institutions to offer certification programmes and degree courses across management and technology.
Apply to the Jaro Education IPO here
Solarworld Energy Solutions IPO
- Price Band: ₹333–₹351 per share
- Issue Size: ₹490 crore (Fresh issue ₹440 crore + OFS ₹50 crore)
- Objectives: To part-finance a 1.2 GW Solar PV TopCon manufacturing plant in Madhya Pradesh under Kartik Solarworld, repay debt, and general corporate purposes
- About the company: Solarworld Energy Solutions provides renewable energy solutions with a specialisation in engineering, procurement and construction (EPC) services for solar power projects.
Apply to the Solarworld Energy Solutions IPO here
Anand Rathi Share & Stock Brokers IPO
- Price Band: ₹393–₹414 per share
- Issue Size: ₹745 crore (entirely fresh issue of 1.80 crore shares)
- Objectives: ₹550 crore for long-term working capital, balance for general corporate purposes
- About the company: Anand Rathi Share & Stock Brokers is a diversified financial services provider offering broking, margin trading and distribution of financial products under the Anand Rathi brand.
Apply to the Anand Rathi Share & Stock Brokers IPO here
Seshaasai Technologies IPO
- Price Band: ₹402–₹423 per share
- Issue Size: ₹813.07 crore (Fresh issue ₹480 crore + OFS ₹333.07 crore)
- Objectives: Expansion of existing manufacturing facilities, repayment of borrowings, and general corporate purposes
- About the company: Seshaasai Technologies is a technology-driven multi-location provider of payment solutions, communications and fulfilment services.
Apply to the Seshaasai Technologies IPO here
SME IPOs
Alongside the mainboard, six SME IPOs will hit the market on September 23:
| Company | Issue Size | Price Band | About the company |
| BharatRohan Airborne Innovations | ₹45.04 cr | ₹80–85 | Drone-based agri analytics firm leveraging UAV technology for precision farming |
| Aptus Pharma | ₹13.02 cr | ₹65–70 | Pharma player focusing on niche formulations and healthcare solutions |
| True Colors | ₹127.96 cr | ₹181–191 | Paints and coatings manufacturer serving retail and industrial markets |
| Matrix Geo Solutions | ₹40.20 cr | ₹98–104 | Geospatial services and infrastructure solutions provider |
| NSB BPO | ₹77.91 cr | ₹140–147 | Business process outsourcing services firm with multi-sector clientele |
| Ecoline Exim | ₹76.42 cr | ₹134–141 | Trading and exports company with diversified global product portfolio |
Why It Matters
September 23 brings together four high-profile mainboard issues worth more than ₹2,400 crore, alongside six SME IPOs raising nearly ₹380 crore. Together, this makes it the busiest IPO day of 2025. The timing reflects issuers’ push to capitalise on strong domestic liquidity, retail participation, and festive season optimism. The breadth of the line-up also highlights the variety of sectors seeking public capital — from edtech and renewables to finance, payments, and niche SMEs.
Bottom Line
Whether it’s the Jaro Education IPO in edtech, Solarworld Energy IPO riding renewable momentum, Anand Rathi IPO tapping financial services growth, or Seshaasai Technologies IPO expanding digital infrastructure, September 23 offers a rare convergence of IPO opportunities. With ten issues crowding Dalal Street in a single day, it marks a watershed moment for India’s 2025 IPO calendar, setting the stage for a busy festive season in the capital markets.
PL Capital
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
