Icodex Publishing Solutions IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 98 – 102
Lot Size
1200
Issue Size
₹42.03 Cr
Minimum Investment
₹244800 (2400 Shares)
Listing Date
19 August 2025
Subscription
4x
About the Company
Icodex Publishing Solutions Limited (established in 2018) is a software product and service company focused on the scholarly and academic publishing industry. It provides end-to-end digital solutions and services that support the entire publishing lifecycle—from manuscript submission to print and digital distribution.
Core Business Verticals:
- Software Product Development
- For Publishing Industry: Offers cloud-based and AI-driven software (e.g., iCAPP, PaperPerfect, iProof) that streamline publication workflows for authors, publishers, and peer reviewers.
- For Other Industries: Develops ERP systems and custom software solutions tailored to client needs.
- Business Process Management
- Provides services like quality assurance, editorial support, print & distribution, and invoice processing for a major US-based publishing client.
- Uses AI tools for content proofing, language enhancement, and layout checks.
- Application Support & IT Services
- Offers IT infrastructure management, server management, and system configuration for clients.
Key Software Products:
- iCAPP: All-in-one publishing workflow platform.
- PaperPerfect: Manuscript writing tool for researchers.
- iProof: Online article review and editing platform.
- FlexyPage: HTML-based layout engine for PDF generation.
- iLang, iRef, iCE: AI-powered tools for language editing, reference management, and XML conversion.
- iPublish & ieBooks: Platforms for digital content hosting and book digitization.
Promoters
- Kamalakkannan Govindaraj
- Chetan Shankaralal Soni
Promoters Holding
Holding Pre Issue
88.24%
Holding Post Issue
0.00%
Objects of the Issue
The Company Icodex Publishing Solutions IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
- Purchase of new office premises
- Purchase of hardware for new office
- Working capital requirement
- General Corporate Purpose
Address / Contact Info
Icodex Publishing Solutions Limited
102, First Floor, Suman Business Park,
Kalyani Nagar,Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 8856907928
Email: cs@icodexsolutions.com
Website: https://icodexsolutions.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Monday, 11 August 2025
IPO Close Date
Wednesday, 13 August 2025
Basis of Allotment
Thursday, 14 August 2025
Initiation of Refunds
Monday, 18 August 2025
Credit of Shares to Demat
Monday, 18 August 2025
Listing Date
Tuesday, 19 August 2025 — NSE & BSE
Important Dates
Open Date
11 August 2025
Close Date
13 August 2025
Basis Of Allotment
14 August 2025
Listing Date
19 August 2025
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 24.75 | 10.67 | 5.85 |
| Revenue | 22.08 | 10.99 | 9.72 |
| Profit After Tax | 8.96 | 4.4 | 1.81 |
| Net Worth | 19.05 | 8.59 | 4.19 |
| Reserve & Surplus | 6.81 | 8.59 | 4.19 |
| Total Borrowings | 2.99 | 0.88 | 0.02 |
EPS Pre
7.32%
EPS Post
5.73%
P/E Pre
13.94
P/E (Post Issue)
17.81x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE % | 47.51 | 51.19 | 43.21 |
| ROCE % | 110.07 | 74.17 | 51.62 |
| Debt / Equity | 0.16 | 0.1 | 0 |
| RoNW % | 47.02 | 51.19 | 43.21 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 41.75 | 42.28 | 19 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 108000 | 2.76 | 0 |
| Non-Institutional | 1903200 | 48.62 | 0 |
| BNII | 1062400 | 27.14 | 0 |
| SNII | 634400 | 16.21 | 0 |
| Retail Investors | 1903200 | 48.62 | 0 |
| Total | 3914400 | 100 | 0 |
Subscription Status ( Wed, 13 Aug 25 01:48 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 108000 | 3572400 | 33.08x |
| Non-Institutional | 1903200 | 3219600 | 1.69x |
| Retail Investors | 1903200 | 8884800 | 4.67x |
| Total | 3914400 | 15676800 | 4x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 244,800.00 |
| Retail (Max) | 2 | 2,400 | 244,800.00 |
| S-HNI (Min) | 3 | 3,600 | 367,200.00 |
| S-HNI (Max) | 8 | 9,600 | 979,200.00 |
| B-HNI (Min) | 9 | 10,800 | 1,101,600.00 |
Registrar
Cameo Corporate Services Limited
044 - 2846 0390/91/92/93/94/95
cameo@cameoindia.com
https://cameoindia.com
Book Running Lead Managers
- Indcap Advisors Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Icodex Publishing Solutions IPO is a Book-building IPO worth ₹42.03 crores. The price band is ₹98 to 102 per share. The IPO opens on Mon, Aug 11, 2025 and closes on Wed, Aug 13, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.
The Icodex Publishing Solutions IPO opens on Mon, Aug 11, 2025 and closes on Wed, Aug 13, 2025
Icodex Publishing Solutions IPO Price Band is ₹98 to 102.
Icodex Publishing Solutions IPO lot size is 1200, and the minimum amount required for application is ₹244800.
The minimum investment for Icodex Publishing Solutions IPO is approximately ₹244800 based on the upper price band.
To apply for the Icodex Publishing Solutions IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Wed, Aug 13, 2025. After submission, funds are blocked until the basis of allotment of Icodex Publishing Solutions IPO is finalised.
Icodex Publishing Solutions IPO issue size is ₹42.03 crores.
Icodex Publishing Solutions IPO allotment date is Sat, Jun 27, 2026.
The registrar for Icodex Publishing Solutions IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Icodex Publishing Solutions IPO through their official website or helpline.