Icodex Publishing Solutions is set to open its IPO on August 11, 2025, and it will close on August 13, 2025. This IPO is categorized as a Book Build Issue. The company aims to raise approximately ₹42.03 crores through this IPO, which includes a fresh issue of ₹34.64 crores and an offer for sale of up to 7,24,800 equity shares, each with a face value of ₹10.
The price band for the Icodex Publishing Solutions IPO is set between ₹98 and ₹102 per share. The allocation for retail investors is 35%, while Qualified Institutional Buyers (QIB) will receive 50%, and High Net-worth Individuals (HNI) will have a 15% share. The listing of Icodex Publishing Solutions IPO on the BSE is scheduled for August 19, 2025, with the allotment date being August 14, 2025.
In terms of financial performance, the company reported a revenue of ₹22.08 crores in 2025, compared to ₹10.99 crores in 2024. Additionally, the profit for 2025 was ₹8.96 crores, up from ₹4.40 crores in 2024. Based on these financials, it is advisable for IPO investors to consider applying for the IPO with a long-term perspective.
Icodex Publishing Solutions IPO 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 Market Lot
The Icodex Publishing Solutions IPO minimum market lot is 2,400 shares with ₹2,44,800 application amount.
| 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 Dates
| 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 Company Financial Report
The company reported revenue of ₹22.08 crores in 2025 against ₹10.99 crores in 2024. The company reported profit of ₹8.96 crores in 2025 against profit of ₹4.40 crores in 2024.
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 |
Promoters of Icodex Publishing Solutions IPO
The promoters of the company are Kamalakkannan Govindaraj and Chetan Shankaralal Soni.
Overview of Icodex Publishing Solutions IPO
Icodex Publishing Solutions Limited, established in 2018, stands out as a prominent player in Software Product Development for Scholarly Publishing. The firm creates software designed to facilitate the publication of research papers and academic articles. Covering everything from manuscript preparation to the distribution of print and digital content, Icodex Publishing supports the entire publishing journey. The company offers a range of services, including Business Process Management, quality assurance, editorial services, and back-end support, to aid global publishing clients throughout their publishing endeavors. As of January 31, 2025, Icodex employs 116 individuals. Additionally, Icodex provides Software-as-a-Service (SaaS) to a significant U.S. publishing client, equipping authors, publishers, and peer reviewers with AI-driven automation tools.