Icodex Publishing Solutions IPO Details
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Face Value: | ā¹10 Per Equity Share |
| IPO Price Band: | ā¹98 to ā¹102 Per Share |
| Issue Size: | Approx ā¹42.03 Crores |
| Fresh Issue: | Approx ā¹34.64 Crores |
| Offer for Sale: | Approx 7,24,800 Equity Shares |
| Lot Size: | 1,200 Shares |
| Issue Type: | Book Build Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Icodex Publishing Solutions IPO Market Lot
The Icodex Publishing Solutions IPO minimum market lot is 2,400 shares with ā¹2,44,800 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ā¹2,44,800 |
| Retail Maximum | 2 | 2,400 | ā¹2,44,800 |
| S-HNI Minimum | 3 | 3,600 | ā¹3,67,200 |
| S-HNI Maximum | 8 | 9,600 | ā¹9,79,200 |
| B-HNI Minimum | 9 | 10,800 | ā¹11,01,600 |
Icodex Publishing Solutions IPO Dates
The Icodex Publishing Solutions IPO date is August 11 and the close date is August 13. The Icodex Publishing Solutions IPO allotment will be finalized on August 14 and the IPO listing on August 19.
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Basis of Allotment: | August 14, 2025 |
| Refunds: | August 18, 2025 |
| Credit to Demat Account: | August 18, 2025 |
| IPO Listing Date: | August 19, 2025 |
Promoters of Icodex Publishing Solutions IPO
The promoters of the company are Kamalakkannan Govindaraj and Chetan Shankaralal Soni.
About Icodex Publishing Solutions IPO
Icodex Publishing Solutions Limited, founded in 2018, is one of the leading companies involved in the business of Software Product Development for Scholarly Publishing. The company makes software that helps with publishing research papers and academic articles. From manuscript preparation to print and digital content distribution, the company supports the entire process. Icodex Publishing provides various services, including Business Process Management services, including quality assurance, editorial services, and back-end support, to assist global publishing clients throughout the publishing process. The company includes 116 employees as of January 31, 2025. Moreover, Icodex offers Software-as-a-Service (SaaS) to a major U.S. publishing client that will help authors, publishers, and peer reviewers with AI-powered automation tools.
Icodex Publishing Solutions IPO Company Financial Report
The company reported revenue of ā¹22.08 crores in 2025 against ā¹10.99 crores in 2024. The company reported profit of ā¹8.96 crores in 2025 against profit of ā¹4.40 crores in 2024.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ā¹9.72 | ā¹7.88 | ā¹1.81 | ā¹5.85 |
| 2024 | ā¹10.99 | ā¹6.54 | ā¹4.40 | ā¹10.67 |
| 2025 | ā¹22.08 | ā¹9.26 | ā¹8.96 | ā¹24.75 |
Icodex Publishing Solutions IPO Valuation – FY2025
Check Icodex Publishing Solutions IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 47.51% |
| ROCE: | 110.07% |
| EBITDA Margin: | 61.39% |
| PAT Margin: | 41.75% |
| Debt to equity ratio: | 0.16 |
| Earning Per Share (EPS): | ā¹7.32 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 47.02% |
| Net Asset Value (NAV): | ā¹15.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| MPS Limited | – | – | – | – | – Cr. |
Objects of the Issue
- Purchase of new office premises
- Purchase of hardware for new office
- Working capital requirement
- General corporate purposes.
Icodex Publishing Solutions IPO Review
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Icodex Publishing Solutions IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Indcap Advisors Pvt. Ltd.
Company Address
Icodex Publishing Solutions Ltd.
102, First Floor, Suman Business Park,
Kalyani Nagar,
Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 8856907928
Email: [email protected]
Website: https://icodexsolutions.com/
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