Icodex Publishing Solutions IPO – Key Details and Investment Highlights
The Icodex Publishing Solutions IPO will open for subscription on August 11, 2025, and close on August 13, 2025. It is a book-built issue, aiming to raise approximately ₹42.03 crores. The IPO comprises a fresh issue of shares worth ₹34.64 crores and an offer for sale (OFS) of up to 7,24,800 equity shares with a face value of ₹10 each.
The price band for the IPO is set at ₹98 to ₹102 per share. The allocation quota is divided as follows: 50% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (HNIs), and 35% for retail investors. The allotment of shares is expected to be finalized on August 14, 2025, and the IPO is scheduled to be listed on the BSE on August 19, 2025.
In terms of financial performance, the company reported revenue of ₹22.08 crores in FY2025, up from ₹10.99 crores in FY2024. Net profit also increased to ₹8.96 crores in FY2025, compared to ₹4.40 crores in the previous year.
Icodex Publishing Solutions IPO Objectives:
- Acquisition of new office premises
- Procurement of hardware for the new office
- Funding working capital requirements
- General corporate purposes
Icodex Publishing Solutions IPO Review (Apply or Not)
- Update Soon
Icodex Publishing Solutions IPO Date & Price Band Details:
| IPO Open Date: | August 11, 2025 |
| IPO Close Date: | August 13, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹98 to ₹102 Per Share |
| Issue Size: | Approx ₹42.03 Crores |
| Fresh Issue: | Approx ₹34.64 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 Lot Size:
The minimum lot size for the Icodex Publishing Solutions IPO is 2,400 shares, requiring an application amount of ₹2,44,800.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,44,800 |
| Retail Maximum | 2 | 2,400 | ₹2,44,800 |
| S-HNI Minimum | 3 | 3,600 | ₹3,67,200 |
| S-HNI Maximum | 8 | 9,600 | ₹9,79,200 |
| B-HNI Minimum | 9 | 10,800 | ₹11,01,600 |
Icodex Publishing Solutions IPO Allotment & Listing Date (Details)
The Icodex Publishing Solutions IPO will open on August 11 and close on August 13, 2025. The allotment of shares is expected to be finalized on August 14, 2025, with the listing scheduled on the BSE on August 19, 2025.
| 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 |
Icodex Publishing Solutions IPO GMP Today:
- Update Soon
Promoters of Icodex Publishing Solutions IPO
The promoters of Icodex Publishing Solutions Limited are Mr. Kamalakkannan Govindaraj and Mr. Chetan Shankaralal Soni.
Icodex Publishing Solutions IPO – Financial Performance
Icodex Publishing Solutions reported a revenue of ₹22.08 crores in FY2025, a significant increase from ₹10.99 crores in FY2024. The company’s net profit also rose to ₹8.96 crores in FY2025, compared to ₹4.40 crores in FY2024, reflecting strong year-on-year growth.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹9.72 | ₹7.88 | ₹1.81 | ₹5.85 |
| 2024 | ₹10.99 | ₹6.54 | ₹4.40 | ₹10.67 |
| 2025 | ₹22.08 | ₹9.26 | ₹8.96 | ₹24.75 |
Icodex Publishing Solutions IPO Valuation – FY2025
| 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): | ₹7.32 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 47.02% |
| Net Asset Value (NAV): | ₹15.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| MPS Limited | – | – | – | – | – Cr. |
Icodex Publishing Solutions IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: ipo@cameoindia.com
Website: https://ipo.cameoindia.com/
IPO Lead Managers aka Merchant Bankers
- Indcap Advisors Pvt. Ltd.
Icodex Publishing Solutions Company Address
Icodex Publishing Solutions Ltd.
102, First Floor, Suman Business Park,
Kalyani Nagar,
Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 8856907928
Email: cs@icodexsolutions.com
Website: https://icodexsolutions.com/
Icodex Publishing Solutions IPO – FAQs
Q1. What are the opening and closing dates of the Icodex Publishing Solutions IPO?
The IPO will open on August 11, 2025, and close on August 13, 2025.
Q2. What is the price band for the Icodex Publishing Solutions IPO?
The price band is set between ₹98 and ₹102 per equity share.
Q3. What is the minimum lot size for retail investors?
The minimum lot size is 2,400 shares, requiring an application amount of ₹2,44,800.
Q4. What is the total issue size of the Icodex Publishing Solutions IPO?
The IPO aims to raise approximately ₹42.03 crores, comprising a fresh issue of ₹34.64 crores and an offer for sale of up to 7,24,800 equity shares.
Q5. Who are the promoters of Icodex Publishing Solutions?
The promoters of the company are Mr. Kamalakkannan Govindaraj and Mr. Chetan Shankaralal Soni.
Q6. When will the IPO allotment be finalized?
The allotment is expected to be finalized on August 14, 2025.
Q7. When is the listing date for the Icodex Publishing Solutions IPO?
The shares are proposed to be listed on the BSE on August 19, 2025.
Q8. How has the company performed financially in recent years?
The company reported revenue of ₹22.08 crores and a net profit of ₹8.96 crores in FY2025, compared to ₹10.99 crores in revenue and ₹4.40 crores in profit in FY2024.
Q9. What will the IPO proceeds be used for?
The proceeds will be used for purchasing new office premises, acquiring hardware for the new office, funding working capital needs, and general corporate purposes.
Q10. Is the Icodex Publishing Solutions IPO a good investment?
Given the company’s strong financial growth and profitability, the IPO may be considered suitable for long-term investors. However, potential investors are advised to assess all risks before applying.
