Icodex Publishing Solutions
August 11, 2025 – August 13, 2025
| Price | ₹98 - ₹102 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Aug 14, 2025 |
| Listing | Aug 19, 2025 |
Live Rate
| Open | |
|---|---|
| High | |
| Low | |
| Prev. Close | |
| Lower circuit | |
| Upper circuit | |
| 52w High | |
| 52w Low | |
| P/E Ratio |
Icodex Publishing Solutions Listing Price
| Exchange | Listing Price | Gain/Loss | % |
|---|---|---|---|
| BSE | ₹81.60 | -₹20.40 | -20.00% |
Icodex Publishing Solutions Subscription
Last updated on 13-Aug-2025 19:50:11
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 108000 | 3572400 | 33.08 |
| HNIs | 1903200 | 3013200 | 1.58 |
| bHNI | 1268800 | 1950000 | 1.54 |
| sHNI | 634400 | 1063200 | 1.68 |
| Individual | 1903200 | 8884800 | 4.67 |
| Total | 3914400 | 15470400 | 3.95 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 352 | 112 | 0.32 |
| HNIs (3-10L) | 176 | 269 | 1.53 |
| Individual | 793 | 3702 | 4.67 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹4.5 | @8% ₹5.2 | @9% ₹5.8 | @10% ₹6.5 | @11% ₹7.1 | @12% ₹7.8 |
Icodex Publishing Solutions About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 9 | 10800 | 1101600 | 352 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Individual | 46.19% | 1903200 |
| BHNI | 30.79% | 1268800 |
| SHNI | 15.40% | 634400 |
| QIB | 2.62% | 108000 |
| Market Maker | 5.00% | 206400 |
| Total | 100.00% | 4120800 |
Icodex Publishing Solutions IPO Details
| Total Issue Size | 41,20,800 shares (aggregating up to ₹42.03 Cr) |
| Fresh Issue Size | 33,96,000 shares (aggregating up to ₹34.63Cr) |
| Offer For Sale | 7,24,800 shares of ₹10 (aggregating up to ₹7.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,22,41,020 shares |
| Share Holding Post Issue | 1,56,37,020 shares |
| Market Maker's Portion | 2,06,400 shares |
| Market Maker | Giriraj Stock Broking |
Key Performance Indicator
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 47.51% | 51.19% | 43.21% |
| ROCE | 110.07% | 74.17% | 51.62% |
| EPS (basic) | 7.32 | 3.66 | 1.51 |
| P/E Pre IPO | 13.94 | ||
| P/E Post IPO | 17.81 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 24.75 | 10.67 | 5.85 |
| Income | 22.08 | 10.99 | 9.72 |
| Profit | 8.96 | 4.40 | 1.81 |
| EBITDA | 13.43 | 4.26 | 1.95 |
| Net Worth | 19.05 | 8.59 | 4.19 |
| Reserves | 6.81 | 8.59 | 4.19 |
| Borrowing | 2.99 | 0.88 | 0.02 |
Company Overview
Incorporated: 2018
Business Focus: Software Product Development and Business Process Management for the scholarly publishing industry.
Core Offerings:
Software Product Development: SaaS-based publishing tools, ERP solutions, and automation software for authors, publishers, and peer reviewers.
Business Process Management: Editorial support, AI-driven quality assurance, print distribution, and invoice processing.
Application & IT Support: Infrastructure management, server setup, and technical support services.
Client Base: Global publishing clients
Employees (as of Jan 31, 2025): 116
Strength
Domain Expertise: Specialized in scholarly publishing and SaaS automation tools.
Experienced Leadership: Skilled management team with industry knowledge.
Strong Customer Relationships: Trusted by global publishing clients.
Weakness
Customer Concentration: High dependency on a few key clients, especially a major U.S.-based publishing company.
Geopolitical & Economic Risk: Business heavily influenced by U.S. market conditions and regulatory changes.
Contractual Termination Risk: Service agreements include termination clauses that could impact revenue if breached.
Icodex Publishing Solutions Latest Announcements
| Date | Subject | Attachment Text |
|---|
Icodex Publishing Solutions Financial Results
Icodex Publishing Solutions Lead Manager(s)
Icodex Publishing Solutions Address
102, First Floor, Suman Business Park,
Kalyani Nagar,
Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 8856907928
Email: cs@icodexsolutions.com
Website: https://icodexsolutions.com/