Icodex Publishing Solutions IPO

3.98x

subscribed

Icodex Publishing Solutions IPO

IT - Software
listed
₹2.35LMin. investment
  1. Pre-apply
    8 Aug
  2. Bid start
    11 Aug
  3. Bid end
    13 Aug
  4. Allotment
    14 Aug
  5. Release of funds
    18 Aug
  6. Demat transfer
    18 Aug
  7. Listing
    19 Aug

About Icodex Publishing Solutions Limited

SectorIT - Software
Price range₹98.00 – ₹102
IPO type
SME
Lot size1200 shares
Issue size₹42Cr
Draft Red Herring Prospectus
Read
Market Cap
₹159.5CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹21.78CrLower than sector avg
Growth rate3Y CAGR
31.60%Higher than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹21.78Cr
This sector
₹2,461.47Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
31.60%
This sector
0.05%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹8.96Cr
This sector
₹373.09Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹159.5Cr
This sector
₹14,720.51Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
13.93
This sector
148.01
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.16
This sector
0.31
Compare with companies

Objectives

Capital expenditure
51.41%
General corporate purposes
33.60%
Working capital
15.01%

About Icodex Publishing Solutions Limited

Icodex Publishing Solutions provides software products and services tailored to the academic publishing industry. Icodex has developed 11 software products such as iCAPP, PaperPerfect, FlexyPage and more. Its SaaS platform streamlines the entire workflow, from manuscript submission to final publication. It also provides BPM and IT support, including editorial, quality checks, and backend services for its global publishing client. In FY25, application support and IT management contributed 58.30% of total sales, followed by business process management at 24.42% and software product development at 17.28%. In FY23-24, Icodex derived 100% of its revenue from a single client and in FY25, the top customer contributed 41.7%, and the top five made up 99.28%.

IPO Subscription Status

Date
QIB
NII
Retail
Total
11-Aug-25
1.0 times (X)
0.45 times (X)
0.33 times (X)
0.41 times (X)
12-Aug-25
2.91X
0.64X
1.13X
0.94X
13-Aug-25
2.01X
1.57X
4.62X
3.98X

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Icodex Publishing Solutions IPO ?

The issue size of the Icodex Publishing Solutions IPO is 42 Cr.

What is 'pre-apply' for Icodex Publishing Solutions IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Icodex Publishing Solutions IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.