IPO buzz collides with festive shopping rush on Sept 23: Flipkart Big Billion Days, Amazon Great Indian Festival and 10 hot IPOs

September 23 will be an epic day if you are into online shopping as well as stock market investing. Flipkart and Amazon are launching their annual shopping sales, while the primary market will see 10 initial public offerings open for subscription.

Shoppers will have a wide range of deals across fashion, electronics, furniture and more during Flipkart Big Billion Days and Amazon Great Indian Festival. On the other hand, investors will have the opportunity to choose from IPOs spanning various sectors, including technology, education and EPC services.

According to the Flipkart website, the Big Billion Days, or BBD sale, will offer big savings on air conditioners, mobile phones, laptops, wardrobes, shoes and others. Amazon also promises great deals, no-cost EMI and exchange offers throughout the Great Indian Festival 2025.

The mainboard initial public offerings that will open on September 23 include Jaro Institute of Technology Management & Research, Solarworld Energy Solutions, Anand Rathi Share & Stock Brokers and Seshaasai Technologies. Six SME offers will also go live on the same day.

Jaro Education IPO

The initial public offering of Jaro Institute of Technology Management and Research Limited (Jaro Education) has set a price band of ₹846 to ₹890 per share.

It is aiming to raise ₹450 crore via a fresh issuance of ₹170 crore and an offer for sale of ₹280 crore by promoter Sanjay Namdeo Salunkhe. A lot consists of 16 shares.

Of the fresh issue proceeds, ₹81 crore will be used for marketing, brand building and advertising activities, ₹45 crore for debt clearance and the rest for corporate general purposes.

Jaro Education, founded in 2009, offers certification programmes and degree programmes in collaboration with its partner institutions.

Solarworld Energy Solutions IPO

Solar energy solutions provider Solarworld Energy Solutions' ₹490 crore offer has set a price band of ₹333 to ₹351 per share. A lot consists of 42 shares.

The initial share sale is a mix of fresh issuance aggregating to ₹440 crore as well as an OFS of ₹50 crore.

Objectives of the offer include investment in the company's unit, Kartik Solarworld, for part-financing the set-up of a 1.2 GW Solar PV TopCon manufacturing plant in Madhya Pradesh, and general corporate purposes.

Solarworld Energy Solutions, which is a solar energy solutions provider, holds a specialisation in engineering, procurement and construction services for solar power projects.

Anand Rathi Share & Stock Brokers IPO

The IPO of Anand Rathi Share & Stock Brokers seeks to raise ₹745 crore by solely offering 1.80 crore new shares. With a price band of ₹393 to ₹414 per share, a lot consists of 36 shares.

Proceeds to the tune of ₹550 crore would be allocated for long-term working capital requirements and the remainder general corporate purposes.

Anand Rathi Share and Stock Brokers Ltd offers financial services, including margin trading, broking, and distribution of financial products, under the brand 'Anand Rathi'.

Seshaasai Technologies IPO

The ₹813.07 crore initial share sale of payments solutions provider Seshaasai Technologies will be a combination of fresh issuance of ₹480 crore and an OFS of ₹333.07 crore.

The price range has been set at ₹402 to ₹423 per equity share. Investors can apply for at least 35 shares.

Funds generated will be used for expansion of existing manufacturing facilities, payment of debt and general corporate purposes.

Technology-driven multi-location solutions provider Seshaasai Technologies offers payment solutions and communications and fulfilment solutions.

SME IPOs open on September 23