Icodex Publishing Solutions Limited IPO
ICODEX develops software products for the scholarly and academic publishing industry, supporting the entire publishing process from manuscript preparation to print and digital distribution. Its solutions assist researchers, academicians, and scholars worldwide. The Company also offers Business Process Management services, including quality assurance, editorial support, and back-end operations for global publishing clients, as well as IT support services covering hardware installation and related back-end assistance.
Price Band₹98 - ₹102 |
Dates11 Aug - 13 Aug |
GMP₹0 (0.00%) |
Subscriptions3.8 times |
Issue Size₹42.03 Crs |
Icodex Publishing IPO Key Dates
Opening Date
11 Aug 25
Closing Date
13 Aug 25
Basis Of Allotment
14 Aug 25
Initiations Of Refund
18 Aug 25
Credit Of Shares
18 Aug 25
Listing Date
19 Aug 25
Icodex Publishing IPO Objects
- Capital Expenditure for a) Purchase of new office premises; b) Purchase of hardware for new office
- Working Capital requirements
- General Corporate Purpose
Icodex Publishing IPO Details
Price Band₹98 - ₹102 |
Listing AtBSE SME |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹34.64 Cr (0.34 Cr Shares) |
Offer For Sale₹7.39 Cr (0.07 Cr Shares) |
Total Issue₹42.03 Cr (0.41 Cr Shares) |
Face Value₹10 per equity share |
Icodex Publishing IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Individual Investor |
Minimum
2
2,400
2,44,800
Maximum
2
2,400
2,44,800
|
|||
| Small HNI |
Minimum
3
3,600
3,67,200
Maximum
8
9,600
9,79,200
|
|||
| Big HNI |
Minimum
9
10,800
11,01,600
|
|||
Icodex Publishing IPO Subscription
Updated as on 13 Aug 2025 | 05:00:00 PM
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 33.08 | 1,08,000 | 35,72,400 |
| NII | 1.53 | 19,03,200 | 32,19,600 |
| bNII (bids above ₹10L) | 1.70 | 12,68,400 | 21,56,400 |
| sNII (bids between ₹2L to ₹10L) | 1.67 | 6,34,800 | 10,63,200 |
| Retail | 4.67 | 19,03,200 | 88,84,800 |
| Total | 3.8 | 41,20,800 | 1,56,76,800 |
Icodex Publishing IPO GMP
The estimated Grey Market Premium of Icodex Publishing IPO is ₹0 per share (0.00%)
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not more than 2.76% of Net Offer |
| NII | Not less than 48.62% of Net Offer |
| Retail | Not less than 48.62% of Net Offer |
| Market Maker | 2,06,400 EQ Shares |
Icodex Publishing IPO Financials
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | 61.39% |
| PAT | 40.56% |
| RONW | 47.02% |
| PE Ratio | 13.93 |
| PB Ratio | 6.56 |
| Mkt Cap (in Crs.) | 159.50 |
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Icodex Publishing IPO Peer Comparision
| Particulars | Icodex Publishing | MPS Limited |
|---|---|---|
| Revenue from Ops (in Crs.) | 21.88 | 726.89 |
| PAT (In Crs.) | 8.96 | 148.91 |
| ROE | 47.51% | 31.12% |
| EBITDA | 61.39% | 29.83% |
| PAT Margin | 41.75% | 20.49% |
| Price to earning (PE) | 13.93 | 38.02 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers
Icodex Publishing IPO Peer Comparision
| Particulars | Icodex Publishing |
|---|---|
| Revenue from Ops (in Crs.) | 21.88 |
| PAT (In Crs.) | 8.96 |
| ROE | 47.51% |
| EBITDA | 61.39% |
| PAT Margin | 41.75% |
| Price to earning (PE) | 13.93 |
| MPS Limited |
|---|
| 726.89 |
| 148.91 |
| 31.12% |
| 29.83% |
| 20.49% |
| 38.02 |
- All information pertains to FY 2024-25.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Kamalakkannan Govindaraj | 43.82% |
| Chetan Shankarlal Soni | 43.82% |
| Others | 0.60% |
| Total | 88.24% |
Management Details
| Name | Designation |
|---|---|
| Kamalakkannan Govindaraj | MD |
| Vaibhav Ashok Rup | CFO |
Company Details
Name: Icodex Publishing Solutions Limited
Address: 102, First Floor, Suman Business Park, Kalyani
Nagar, Viman Nagar, Pune, Maharashtra, India,
411014
Number: +91 8856907928
Website: https://icodexsolutions.com/
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Icodex Publishing IPO is a SME IPO having an issue size of Rs. ₹42.03 Crs. Icodex Publishing IPO is priced at ₹98 - ₹102 per share. The issue opens on 11 Aug 25 and closes on 13 Aug 25.
Icodex Publishing IPO opens on 11 Aug 25 and closes on 13 Aug 25.
The estimated Grey Market Premium of Icodex Publishing IPO is ₹0 per share (0.00%).
The minimum lot size of Icodex Publishing IPO is 1200 shares & the minimum application amount is Rs. 122400.
The allotment date of Icodex Publishing IPO is 14 Aug 25.
The listing date of Icodex Publishing IPO is 19 Aug 25.
Icodex Publishing IPO is subscribed 3.8 times.
Icodex Publishing IPO is priced at ₹98 - ₹102 per share.
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