IPO

Icodex Publishing Solutions Limited IPO

BSE SME

Listed On: Aug 19, 2025 at ₹ 81.6

₹ 244800 /2400 Shares
*Min Investment

Check Allotment

11 Aug, 2025

Open Date

13 Aug, 2025

Close Date

14 Aug, 2025

Allotment Date

19 Aug, 2025

Listing Date
Icodex Publishing Solutions IPO Live 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
Last updated: 13 Aug 2025,05:00:00 PM
Icodex Publishing Solutions IPO Issue Details
  • Issue Price ₹98-102 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 41,20,800 shares(aggregating up to ₹42.03 crore)
  • Fresh Share 31,89,600 shares(aggregating up to ₹32.53 crore)
  • Offer For Sale 7,24,800 shares(aggregating up to ₹7.39 crore)
  • Listing at BSE SME
  • List Price 81.6
  • Listing Date 2025-08-19
  • Lead Manager Indcap Advisors Pvt. Ltd
  • Registrar Cameo Corporate Services Limited
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.

ApplicationLotsSharesAmount
Individual (min)22400₹2,44,800
Individual(max)22400₹2,44,000
NII (min) 33,600₹3,67,200
Icodex Publishing Solutions IPO Reservation

Icodex Publishing Solutions IPO offers total 41,20,800 shares. Out of which 1,08,000 (2.62%) allocated to QIB, 19,03,200 (46.19%) allocated to NII,19,03,200 (46.19%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Market Maker Shares Offered2,06,400 (5.01%)
QIB Shares Offered1,08,000 (2.62%)
NII (HNI) Shares Offered19,03,200 (46.19%)
bNII < ₹10L10,62,400 (25.78%)
sNII < ₹10L6,34,400 (15.4%)
Individual Shares Offered19,03,200 (46.19%)
Total Shares Offered41,20,800 (100%)
Icodex Publishing Solutions IPO Documents
Icodex Publishing Solutions IPO Details


Icodex Publishing Solutions Limited IPO is an SME IPO, priced at ₹98-102 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 41,20,800 equity shares, aggregating up to ₹42.03 crores..

The IPO bidding window is open from Aug 11, 2025 to Aug 13, 2025. The allotment is expected to be finalized on Aug 14, 2025, and the tentative listing date is Aug 19, 2025.

The minimum lot size for Individual investors is 2400 shares, with a minimum investment of ₹2,44,800. For HNIs, the minimum application size is 3 lots , amounting to ₹ 3,67,200.

Indcap Advisors Pvt. Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and

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Icodex Publishing Solutions IPO Subscription Analysis And Details
Retail
4.67x
Total
3.95x
As onQIB / NIIIndividualTotal
Shares Offered / Reserved1,08,000 / 19,03,20019,03,20039,14,400
Day 1 11-08-25 06:00 PM
1.00 / 0.45 x0.33 x0.41 x
Day 2 12-08-25 06:00 PM
1.00 / 0.64 x1.13 x0.89 x
Day 3 13-08-25 06:00 PM
33.08 / 1.58 x4.67 x3.95 x

Total No of Applications
4,087
Icodex Publishing Solutions Valuations
EPS Pre IPO ₹7.32/-
EPS Post IPO ₹5.73/-
P/E Pre IPO 13.94
P/E Post IPO 17.81
ROE 47.51%
ROCE 110.07%
Debt/Equity 0.16
RoNW 47.02%
PAT Margin 40.56%
Price to Book Value 14.25
Icodex Publishing Solutions Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets24.7510.675.85
Revenue22.0810.999.72
Profit After Tax8.964.401.81
Net Worth19.058.594.19
Reserves & Surplus6.818.594.79
Total Borrowing2.990.880.02
About Icodex Publishing Solutions Company

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.

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Icodex Publishing Solutions - Promoter(s)

Kamalakkannan Govindaraj

Chetan Shankaralal Soni

Pre Issue Share Holding : %

Post Issue Share Holding : %

Icodex Publishing Solutions IPO - Issue Objectives
1

Purchase of new office premises

2

Purchase of hardware for new office

3

Working capital requirement

4

General Corporate Purpose

Contact Details

Icodex Publishing Solutions

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

+91 8856907928

cs@icodexsolutions.com

https://icodexsolutions.com/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

ipo@cameoindia.com

https://ipo.cameoindia.com/