Icodex Publishing Solutions Limited
Bookbuilding IPO · BSE
- Price band
- ₹98 - ₹102
- Lot size
- 1,200 shares
- Issue amount
- ₹42.03 cr
- Total subscription
- 4×
- Opens
- 11 Aug 2025
- Closes
- 13 Aug 2025
- Allotment
- 14 Aug 2025
- Listing
- 19 Aug 2025
Offer at a glance
Issue overview
- Issue size
- 41,20,800 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,17,600
- Fresh issue
- ₹34.63 cr
- Offer for sale
- ₹7.39 cr
- Registrar
- Cameo Corporate Services Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,22,400
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,22,41,020
- Shares after issue
- 1,56,37,020
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,400 | ₹2,44,800 |
| sHNI | 3 | 3,600 | ₹3,67,200 |
| bHNI | 9 | 10,800 | ₹11,01,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 4 |
| NIB | 0 | 381 |
| RETAIL | 793 | 3,702 |
| HNIs(10L +) | 0 | 112 |
| HNIs (2-10L) | 0 | 269 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 1.1 | 36.44 |
| RETAIL | 19.41 | 90.62 |
| HNIs 2+ | 6.47 | 10.84 |
| HNIs 10+ | 12.94 | 22 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 7.32 | 3.66 | 1.51 |
| ROE | 47.51 | 51.19 | 43.21 |
| ROCE | 110.07 | 74.17 | 51.62 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 13.94 | 0 | 0 |
| POST IPO(PE) | 17.81 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Icodex Publishing Solutions Limited, established in 2018, specializes in software product development for the scholarly publishing industry. The company creates tools that support the entire publishing workflow—from preparing manuscripts to distributing content in print and digital formats. It also offers business process management services such as editorial support, quality checks, and IT solutions like infrastructure and server management. Their services cater to global clients and cover three main segments: software development for publishing and other industries, backend publishing support including AI-powered quality assurance and editorial tasks, and IT support for system setup and maintenance. As of January 31, 2025, the company employs 116 people.
Strengths
- Expertise: Specialized in academic publishing and automation software.
- Leadership: Skilled team with strong industry experience.
- Client Relationships: Trusted by publishing clients worldwide.
Risk factors
- Customer Dependence: Relies heavily on a few major clients, including a leading U.S. publisher.
- Market & Policy Risk: Strongly affected by U.S. economic trends and rule changes.
- Contract Risk: Agreements have termination clauses that may reduce revenue if ended.
Promoters
Kamalakkannan Govindaraj
Chetan Shankaralal Soni
Registrar & documents
Lead manager
Indcap Advisors Private Limited
Registrar & contacts
Cameo Corporate Services Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, Maharashtra, 411014
+91 8856907928
[email protected]Company website ↗Understanding ICODEX IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.