Icodex Publishing Solutions
August 11, 2025 – August 13, 2025
| Price | ₹98 - ₹102 |
| Premium | ₹0 |
|---|---|
| Lot size | 1200 |
| Allotment | Aug 14, 2025 |
| Listing | Aug 19, 2025 |
Icodex Publishing Solutions About
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| INDIVIDUAL | 2 | 2400 | 244800 | 793 |
| sHNI | 3 | 3600 | 367200 | 176 |
| bHNI | 9 | 10800 | 1101600 | 352 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Individual | 46.19% | 1903200 |
| BHNI | 30.79% | 1268800 |
| SHNI | 15.40% | 634400 |
| QIB | 2.62% | 108000 |
| Market Maker | 5.00% | 206400 |
| Total | 100.00% | 4120800 |
Icodex Publishing Solutions IPO Details
| Total Issue Size | 41,20,800 shares (aggregating up to ₹42.03 Cr) |
| Fresh Issue Size | 33,96,000 shares (aggregating up to ₹34.63Cr) |
| Offer For Sale | 7,24,800 shares of ₹10 (aggregating up to ₹7.39 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,22,41,020 shares |
| Share Holding Post Issue | 1,56,37,020 shares |
| Market Maker's Portion | 2,06,400 shares |
| Market Maker | Giriraj Stock Broking |
Key Performance Indicator
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 47.51% | 51.19% | 43.21% |
| ROCE | 110.07% | 74.17% | 51.62% |
| EPS (basic) | 7.32 | 3.66 | 1.51 |
| P/E Pre IPO | 13.94 | ||
| P/E Post IPO | 17.81 |
Company Financials In Crores
| Period | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| Assets | 24.75 | 10.67 | 5.85 |
| Income | 22.08 | 10.99 | 9.72 |
| Profit | 8.96 | 4.40 | 1.81 |
| EBITDA | 13.43 | 4.26 | 1.95 |
| Net Worth | 19.05 | 8.59 | 4.19 |
| Reserves | 6.81 | 8.59 | 4.19 |
| Borrowing | 2.99 | 0.88 | 0.02 |
Company Overview
Incorporated: 2018
Business Focus: Software Product Development and Business Process Management for the scholarly publishing industry.
Core Offerings:
Software Product Development: SaaS-based publishing tools, ERP solutions, and automation software for authors, publishers, and peer reviewers.
Business Process Management: Editorial support, AI-driven quality assurance, print distribution, and invoice processing.
Application & IT Support: Infrastructure management, server setup, and technical support services.
Client Base: Global publishing clients
Employees (as of Jan 31, 2025): 116
Strength
Domain Expertise: Specialized in scholarly publishing and SaaS automation tools.
Experienced Leadership: Skilled management team with industry knowledge.
Strong Customer Relationships: Trusted by global publishing clients.
Weakness
Customer Concentration: High dependency on a few key clients, especially a major U.S.-based publishing company.
Geopolitical & Economic Risk: Business heavily influenced by U.S. market conditions and regulatory changes.
Contractual Termination Risk: Service agreements include termination clauses that could impact revenue if breached.
Icodex Publishing Solutions Lead Manager(s)
Icodex Publishing Solutions Address
102, First Floor, Suman Business Park,
Kalyani Nagar,
Viman Nagar,
Pune, Maharashtra, 411014
Phone: +91 8856907928
Email: cs@icodexsolutions.com
Website: https://icodexsolutions.com/