Icodex Publishing Solutions IPO

Icodex Publishing Solutions is a BSE SME IPO listed on the BSE SME platform, priced at ₹98–₹102 per share. The stock debuted at ₹81.6. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹2,44,800.

Icodex Publishing Solutions Limited IPO

BSE SME Listed
₹2,44,800 (2400 Shares)
Minimum Investment
Check Allotment
IPO Dates
Aug 11, 2025 – Aug 13, 2025
Price band
₹98-102 per equity share
Minimum Investment
₹2,44,800
Issue size
₹42.03 Cr
Lot size
1200
Allotment Date
Aug 14, 2025
Listing
Aug 19, 2025
Listing At
BSE SME

IPO timeline

  1. Aug 11, 2025

    Open Date

    Completed

  2. Aug 13, 2025

    Close Date

    Completed

  3. Aug 14, 2025

    Allotment Date

    Completed

  4. Aug 19, 2025

    Listing Date

    Completed

Icodex Publishing Solutions IPO Subscription Details

View Subscription Details
QIB 33.08x
Individual 4.67x
NIIs 1.53x
bHNI 1.70x
sHNI 1.67x
Individual 4.67x
Total 3.80x

Icodex Publishing Solutions IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.

Last updated:

Icodex Publishing Solutions IPO Essentials

Icodex Publishing Solutions IPO Details

Icodex Publishing Solutions IPO is priced at ₹98-102 per share with a total issue size of 42.03 crore. The IPO has a lot size of 1200 shares and is listed on BSE SME.

Issue price
₹98-102 per equity share
Lot size
1200 shares
Face value
₹10 Per Equity Share
Issue size
41,20,800 shares(aggregating up to ₹42.03 Cr)
Total issue size
41,20,800 shares
(aggregating up to ₹42.03 crore)
Fresh issue
31,89,600 shares
(aggregating up to ₹32.53 crore)
Offer for sale (OFS)
7,24,800 shares
(aggregating up to ₹7.39 crore)
Listing at
BSE SME
List price
81.6
Listing date
Registrar
Cameo Corporate Services Limited
Lead manager
Indcap Advisors Pvt. Ltd

Market Lot Size

Investors can bid for a minimum of 2400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Individual (min) 2 2400 ₹2,44,800
Individual(max) 2 2400 ₹2,44,000
NII (min) 3 3,600 ₹3,67,200

Icodex Publishing Solutions IPO Documents

Icodex Publishing Solutions IPO Reservation

Icodex Publishing Solutions IPO reservation details show category-wise allocation of shares. Out of the total 41,20,800 shares, approximately 2.62% are reserved for QIB, 46.19% for NII, 46.19% for retail investors, and 5.01% for market maker.

Investor Category Shares Offered Maximum Allottees
Market Maker Shares Offered 2,06,400 (5.01%)
QIB Shares Offered 1,08,000 (2.62%)
NII (HNI) Shares Offered 19,03,200 (46.19%)
bHNI > ₹10L 10,62,400 (25.78%) 352
sHNI < ₹10L 6,34,400 (15.4%) 176
Individual Shares Offered 19,03,200 (46.19%) 793
Total Shares Offered 41,20,800 (100%)

Icodex Publishing Solutions IPO Analytics

Icodex Publishing Solutions IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Icodex Publishing Solutions IPO Subscription Status

Icodex Publishing Solutions IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO is currently subscribed 0.41x, indicating moderate demand across investor categories.

As on QIB / NII Individual Total
Shares Offered / Reserved 1,08,000 / 19,03,200 19,03,200 39,14,400
Day 1 11-08-25 06:00 PM
(1.00 / 0.45) x 0.33 x 0.41 x
Day 2 12-08-25 06:00 PM
(1.00 / 0.64) x 1.13 x 0.89 x
Day 3 13-08-25 06:00 PM
(33.08 / 1.58) x 4.67 x 3.95 x
Total No. of Applications
bHNI sHNI Individual
295 (Approx) 0x 0x 0x

Icodex Publishing Solutions Valuations

Earnings

EPS Pre IPO
₹7.32/-
EPS Post IPO
₹5.73/-
P/E Pre IPO
13.94
P/E Post IPO
17.81

Returns

ROE
47.51%
ROCE
110.07%
RoNW
47.02%
PAT Margin
40.56%

Fundamentals

Debt / Equity
0.16
Price / Book
14.25

Data sourced from DRHP / RHP • For educational purposes only

Icodex Publishing Solutions Financials( In Crs.)

31-Mar-25 31-Mar-24 31-Mar-23
Assets 24.75 10.67 5.85
Revenue 22.08 10.99 9.72
Profit After Tax 8.96 4.40 1.81
Net Worth 19.05 8.59 4.19
Reserves & Surplus 6.81 8.59 4.79
Total Borrowing 2.99 0.88 0.02

Icodex Publishing Solutions Company & Offer Insights

About Icodex Publishing Solutions

Established in 2018, Icodex Publishing Solutions Limited is a Software Product Development company for Scholarly Publishing.

The company designs software products that aid in publishing scholarly articles and research papers, catering to the process from manuscript preparation through print and electronic content dissemination.

The company provides Business Process Management services such as back-end support, editorial services, and quality assurance to aid global publishing customers through the publishing process.

The firm provides Business Process Management services such as quality checks, editorial assistance, and IT services such as hardware installation and back-end support, helping international publishing clients through the way.

The company employed 116 people as of January 31, 2025.

Icodex Publishing Solutions Promoter(s)

Kamalakkannan Govindaraj, Chetan Shankaralal Soni are the company's promoters of Icodex Publishing Solutions.

Icodex Publishing Solutions IPO Issue Objectives

Purchase of new office premises
Purchase of hardware for new office
Working capital requirement
General Corporate Purpose

Contact Information

Contact Details

Icodex Publishing Solutions

+91 8856907928

cs@icodexsolutions.com

https://icodexsolutions.com/

102, First Floor, Suman Business Park, Kalyani Nagar,Viman Nagar, Pune, Maharashtra, 411014

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/

Frequently Asked Questions

Click any question to reveal the answer

Icodex Publishing Solutions IPO is a book-built IPO worth ₹42.03 crore. The price band is ₹98–₹102 per share. The IPO opens on Aug 11, 2025 and closes on Aug 13, 2025. It will be listed on BSE SME Platform. Cameo Corporate Services Limited is the registrar.

The price band of Icodex Publishing Solutions IPO is ₹98 to ₹102 per share.

The lot size of Icodex Publishing Solutions IPO is 1200 shares.

The minimum investment for Icodex Publishing Solutions IPO is approximately ₹2,44,800 based on the upper price band .

Icodex Publishing Solutions IPO opens on Aug 11, 2025 and closes on Aug 13, 2025.

The allotment date of Icodex Publishing Solutions IPO is Aug 14, 2025.

Icodex Publishing Solutions IPO is expected to be listed on Aug 19, 2025, on BSE SME Platform.

Icodex Publishing Solutions IPO valuation snapshot: P/E 17.81, EPS ₹5.73/-, P/B 14.25, RoNW 47.02%, and market cap N/A.

To apply for Icodex Publishing Solutions IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Icodex Publishing Solutions IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Icodex Publishing Solutions IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Icodex Publishing Solutions IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Icodex Publishing Solutions IPO allotment status on IPO Ji for quick and easy access.