Icodex Publishing Solutions Limited IPO

Icodex Publishing Solutions Limited IPO

SME BSE SME 100% Book Built Offer
Closed

Price Band

₹98 - ₹102

Total Issue

₹42.03 Cr

Bid Dates

11 Aug - 13 Aug

Subscription

3.8x

Est. GMP

₹0 (0.00%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

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.

Lot Info

Lot Information for Icodex Publishing IPO
Category Lots Shares Amount
Individual (Min) 2 2,400 ₹2,44,800
Individual (Max) 2 2,400 ₹2,44,800
S-HNI (Min) 3 3,600 ₹3,67,200
S-HNI (Max) 8 9,600 ₹9,79,200
B-HNI (Min) 9 10,800 ₹11,01,600
Market Maker
2,06,400 EQ Shares

Issue Size

Total ₹42.03 Cr
Fresh Issue
₹34.64 Cr (0.34 Cr Shares)
Offer For Sale
₹7.39 Cr (0.07 Cr Shares)

Objects of Issue

  1. Capital Expenditure for a) Purchase of new office premises; b) Purchase of hardware for new office
  2. Working Capital requirements
  3. General Corporate Purpose

Grey Market Premium

GMP ₹0
Est. Price ₹102
Est. Gain 0.00%

Icodex Publishing IPO Peer Comparison

(Rs. in crores)

Icodex Publishing IPO Peer Comparison Table
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

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Icodex Publishing IPO
Particulars Mar 25 Mar 24 Mar 23
Revenue from Operations 21.88 10.40 9.54
Profit after Tax 8.96 4.40 1.81
Net Worth 19.05 8.59 4.19
Total Borrowing 2.99 0.88 0.02
Total Assets 24.75 10.67 5.85
NAV per share (in ₹) 15.56 7.16 3.49
EPS - Basic (in ₹) 7.32 3.66 1.51

KPIs

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.

Shareholding

Promoter

88.24%

Public

11.76%

Kamalakkannan Govindaraj 43.82%
Chetan Shankarlal Soni 43.82%
Others 0.60%

Management

Kamalakkannan Govindaraj MD
Vaibhav Ashok Rup CFO

Registrar & Lead Managers

Registrar

Cameo Corporate Services

Cameo Corporate Services

Lead Managers (1)

Indcap Advisors Indcap Advisors

Subscription Status

Updated as on 13 Aug 2025 | 05:00:00 PM

BSE SME Subscription Status for Icodex Publishing IPO
Category Sub (x) Offered Bids
QIB 33.08x 1,08,000 35,72,400
NII 1.53x 19,03,200 32,19,600
bHNI 1.70x 12,68,400 21,56,400
sHNI 1.67x 6,34,800 10,63,200
Retail 4.67x 19,03,200 88,84,800
Total 3.8 41,20,800 1,56,76,800

Frequently Asked Questions

What is Icodex Publishing IPO?
Icodex Publishing IPO is a SME IPO having an issue size of ₹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.
When will Icodex Publishing IPO open?
Icodex Publishing IPO opens on 11 Aug 25 and closes on 13 Aug 25.
What is the GMP of Icodex Publishing IPO?
The estimated Grey Market Premium of Icodex Publishing IPO is ₹0 per share (0.00%).
What is the lot size of Icodex Publishing IPO?
The minimum lot size of Icodex Publishing IPO is 1200 shares & the minimum application amount is Rs. 122400.
When is the allotment of Icodex Publishing IPO?
The allotment date of Icodex Publishing IPO is 14 Aug 25.
What is the listing date of Icodex Publishing IPO?
The listing date of Icodex Publishing IPO is 19 Aug 25.
What is the subscription of Icodex Publishing IPO?
Icodex Publishing IPO is subscribed 3.8 times.
What is the price band of Icodex Publishing IPO?
Icodex Publishing IPO is priced at ₹98 - ₹102 per share.
How to check allotment status of Icodex Publishing IPO?
Click the allotment link on Icodex Publishing IPO page of IPO360.
How to apply Icodex Publishing IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Icodex Publishing IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Icodex Publishing IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Icodex Publishing IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date