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Icodex Publishing Solutions IPO
3.98xsubscribed

Icodex Publishing Solutions IPO

IT - Software
listed
₹2.35LMin. investment

Icodex Publishing Solutions Limited IPO Details

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

Icodex Publishing Solutions 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

As on 11-Aug-25, 5:30 PM

Icodex Publishing Solutions IPO Timeline

  1. Pre-apply
    8 Aug 2025
  2. Bid start
    11 Aug 2025
  3. Bid end
    13 Aug 2025
  4. Allotment
    14 Aug 2025
  5. Release of funds
    18 Aug 2025
  6. Demat transfer
    18 Aug 2025
  7. Listing
    19 Aug 2025

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%.

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

Objectives of Icodex Publishing Solutions Limited IPO

Capital expenditure
51.41%
The company will use ₹17.8 crore to purchase new office premises, hardware
General corporate purposes
33.60%
Part of the IPO proceeds will be used for general corporate purposes.
Working capital
15.01%
The company will use ₹5.20 crore towards working capital requirements.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹21.78Cr31.60%₹8.96Cr₹159.5Cr13.930.16
This sector (avg.)₹2,461.47Cr0.05%₹373.09Cr₹14,720.51Cr148.010.31
₹2,55,324Cr---₹48,797Cr₹11,30,254Cr23.690.10
₹1,62,990Cr---₹26,750Cr₹6,63,897.8Cr24.310.09
₹1,17,055Cr---₹17,399Cr₹4,58,746.3Cr27.940.09

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Icodex Publishing Solutions IPO Contact Details

Company NameIcodex Publishing Solutions Limited

How to apply for Icodex Publishing Solutions IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Icodex Publishing Solutions Limited IPO FAQs