Icodex Publishing Solutions Ltd. IPO — GMP ₹0

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

11 Aug 2025

Mon Completed

Done

Close Date

13 Aug 2025

Wed Completed

Done

Allotment

14 Aug 2025

Thu Completed

Done

Refund

18 Sep 2025

Thu Completed

Done

Demat Credit

18 Aug 2025

Mon Completed

Done

Listing Date

19 Aug 2025

Tue Completed

UPI Deadline: 13 Aug 2025

Issue Details

Pricing & Size

Issue Price

₹102 Face ₹10

Lot Size

1,200 shares

Min Investment

₹122,400

Total Issue Size

41,20,800 shares (aggregating up to ₹42.03 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh Capital-cum-Offer for Sale

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

2,06,400 (5.01%)

QIB Portion

1,08,000 (2.62%)

NII / HNI

19,03,200 (46.19%)

Retail

19,03,200 (46.19%)

Employee

Net Offer to Public

39,14,400 shares (aggregating up to ₹39.93 Cr)

Shareholding Pattern

Pre-Issue Shareholding

1,22,41,020 shares

Post-Issue Shareholding

1,56,37,020 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	2400	₹2,44,800
HNI / NII	3	3600	₹3,67,200

Objects of Issue

4 objectives

1 Purchase of new office premises

16.70 Cr

2 Purchase of hardware for new office

1.12 Cr

3 Working capital requirement

5.20 Cr

4 General Corporate Purpose

6.40 Cr

Lead Managers & Market Maker

Book Running Lead Managers

Indcap Advisors Pvt.Ltd.

Market Maker

Giriraj Stock Broking Pvt.Ltd.

IPO Timeline

Open

11 Aug

✓ Done

13 Aug

✓ Done

Allotment

14 Aug

✓ Done

Listing

19 Aug

✓ Done

Registrar Details

Cameo Corporate Services Ltd.

SEBI Registered Registrar & Transfer Agent

Phone

+91-44-28460390

ipo@cameoindia.com

Website

https://ipo.cameoindia.com/

Check Allotment Status

Company Contact

Website

https://icodexsolutions.com/

cs@icodexsolutions.com

Phone

+91 8856907928

Address

102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, Maharashtra, 41101

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹102

Est. Listing

₹102

Lot Size

1,200 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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Number of Lots

Estimated Listing

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ROI

Icodex Publishing Solutions Ltd. LIVE

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| Price

Market Reference

IPO Issue Price

₹102

GMP

+₹0 (+0%)

GMP Est. Listing

₹102

Previous Close

—

Exchange

—

Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	—	1,08,000 (2.62%)	—	₹11.02 Cr
NII / HNI (Total)	—	19,03,200 (46.19%)	—	₹1,941.26 Cr
Retail Investors	—	19,03,200 (46.19%)	—	₹1,941.26 Cr
Total **	—	41,20,800 (100.00%)	—	₹42,032.16 Cr
Market Maker *	—	2,06,400 (5.01%)	—	₹21.05 Cr

* Based on ₹102.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

1,08,000 (2.62%)

NII

19,03,200 (46.19%)

Retail

19,03,200 (46.19%)

Market Maker

2,06,400 (5.01%)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in Crore

Metric	31 Mar 2025	31 Mar 2024	31 Mar 2023
Revenue	22.08	10.99	9.72
PAT	8.96	4.40	1.81
EBITDA	13.43	4.26	1.95
Net Worth	19.05	8.59	4.19
Total Assets	24.75	10.67	5.85
Reserves	6.81	8.59	4.19
Borrowings	2.99	0.88	0.02

Key Financial Ratios

47.51%

ROE

Return on Equity

110.07%

ROCE

Return on Capital Employed

47.02%

RONW

Return on Net Worth

40.56%

PAT Margin

PAT / Revenue

61.39%

EBITDA Mgn

EBITDA / Revenue

0.16

D/E Ratio

Debt to Equity

14.25

P/BV

Price to Book Value

7.32

Pre EPS

EPS Pre-Issue

5.73

Post EPS

EPS Post-Issue

13.94

Pre P/E

P/E Pre-Issue

17.81

Post P/E

P/E Post-Issue

About Icodex Publishing Solutions Ltd.

Incorporated in 2018, Icodex Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.

The company develops software products that assist in publishing research papers and academic articles, supporting the entire process from manuscript preparation to print and digital content distribution.

The company offers Business Process Management services, including quality assurance, editorial services, and back-end support, to assist global publishing clients throughout the publishing process.

The company offers Business Process Management services, including quality checks, editorial support, and IT services like hardware installation and back-end support, assisting global publishing clients throughout the process.

Business Segment:

Software Product Development - Publishing & Other Industries: The company provides Software-as-a-Service for the publishing industry, offering automation tools, ERP management, and tailored software solutions to streamline the publishing process for authors, publishers, and peer reviewers.
Business Process Management for the Publishing Industry: The company provides backend support services for publishing, including AI-driven quality assurance checks, business process management, print distribution, invoice processing, and editorial services for content preparation and publication.
Application Support and IT Management: Under this segment the company provides technical support and IT services, including infrastructure management, server management, and setup/configuration of IT systems for clients.

As of January 31, 2025, The company had 116 employees.

Competitive Strengths:

Domain Expertise
Experienced Management and Leadership Team.
Strong relationship with existing customers.
End-to-end publishing solution provider in the publishing ecosystem.
Technology Focussed Business Model.

Frequently Asked Questions

What is the issue price of Icodex Publishing Solutions Ltd. IPO?

The issue price of Icodex Publishing Solutions Ltd. IPO is ₹102 per share, face value ₹10.

What is the lot size?

Minimum lot size is 1,200 shares, requiring ₹122,400.

What are the IPO dates?

Opens 11 Aug 2025, closes 13 Aug 2025.

When is the listing date?

Tentative listing: 19 Aug 2025 on BSE SME.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹102 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Icodex Publishing Solutions Ltd. IPO · Expected 14 Aug 2025

Check on Registrar

Post-IPO Timeline

Allotment Date

14 Aug 2025

Refund Initiation

18 Sep 2025

Demat Credit

18 Aug 2025

Listing Date

19 Aug 2025

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹102

Face ₹10

Lot Size

1,200

shares / lot

Min Amount

₹122,400

1 lot

Est. Listing

₹102

GMP +₹0

Key Dates

Open

11 Aug Done

13 Aug Done

Listing

19 Aug Done

Registrar

Cameo Corporate Services Ltd.