Icodex Publishing Solutions Limited is a company that makes software for publishing books and magazines, is launching its initial public offering (IPO). The IPO aims to raise around ₹42 crore by selling 41.21 lakh shares. This includes 33.96 lakh new shares (₹34.64 crore) and 7.25 lakh shares (₹7.39 crore) of existing owners. Each share is priced between ₹98 to ₹102 and has a face value of ₹10. The IPO will open on August 11, 2025 and close on August 13, 2025. These shares will be listed on the BSE SME platform on August 19, 2025.
lets check out the Icodex Publishing Solutions IPO GMP Today, Details and Date, Allotment Status online.
Icodex Publishing Solutions IPO Details
- Open Date: August 11, 2025
- Close Date: August 13, 2025
- Allotment Date: August 14, 2025
- Refund Date: August 18, 2025
- Shares Credited to Demat: August 18, 2025
- Listing Date: August 19, 2025
- Total Shares: 41,20,800 (worth ₹42.03 crore)
- New Shares: 33,95,600 (₹34.64 crore)
- Offer for Sale: 7,24,800 (₹7.39 crore)
- Price Range: ₹98–₹102 per share
- Listing: BSE SME
- Lead Manager: Indcap Advisors Pvt. Ltd.
- Registrar: Cameo Corporate Services Limited
Grey Market Premium (GMP)
The grey market premium (GMP) for Icodex Publishing Solutions’ IPO shows how much extra people are willing to pay for shares before listing. For Icodex, the GMP is around 2%, which means investors can expect to make a slight profit when the shares start trading. This may change depending on the demand.
Who Gets the Shares?
The Icodex Publishing Solutions IPO reserves shares for different groups:
- Big Investors (QIB): Up to 50% of shares
- High Net-Worth Individuals (NII): At least 15% of shares
- Regular Investors (Retail): At least 35% of shares
Icodex Publishing Solutions IPO Lot Size
- Retail Investors: Minimum 2,400 shares (₹244,800 at ₹102). Maximum is also 2,400 shares.
- Small HNI: Minimum 3,600 shares (₹367,200). Maximum 9,600 shares (₹979,200).
- Big HNI: Minimum 10,800 shares (₹1,101,600).
Note: Some sources mention a smaller lot size (1,200 or 1,600 shares). Check with your broker for the correct details.
Icodex Publishing Solutions IPO Subscription Status
You can check how many people applied for the IPO on the BSE website or the registrar’s portal. The number of applications affects how many shares each person gets.
At the end of the first day of bidding, the IPO had been subscribed 0.41 times overall.
- Qualified Institutional Buyers (QIBs): 1.00 times
- Non-Institutional Investors (NIIs): 0.45 times
- Retail Investors: 0.33 times
Icodex Publishing Solutions IPO Allotment Status
The share allotment was finalized on August 14, 2025. You can check your allotment status on the registrar’s website (https://ipo.cameoindia.com/) or through your broker (like Zerodha or Upstox).
- Click on the below allotment status check button.
- Select your Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
Who Runs the Company?
The promoters are:
- Kamalakkannan Govindaraj
- Chetan Shankaralal Soni
They own 88.24% of the company now, but this will reduce after the IPO because of new shares being issued.
About Icodex Publishing Solutions Limited
Icodex, started in 2018 in Pune, creates software to help publishers manage books and journals. It offers:
- Software Tools: For editing, publishing, and managing workflows.
- AI Technology: To make publishing faster and better.
- IT Support: For servers and systems.
The company works with clients worldwide, including a big U.S. publisher. It has 116 employees and is certified for quality (ISO/IEC 27001:2013).
Icodex Publishing Solutions IPO Company Financials
Here’s how Icodex performed financially (in ₹ crore):
| Year | Revenue | Expenses | Profit | Total Assets | Net Worth | Loans |
|---|---|---|---|---|---|---|
| 2023 | 9.72 | 7.88 | 1.81 | 5.85 | 4.19 | 0.02 |
| 2024 | 10.99 | 6.54 | 4.40 | 10.67 | 8.59 | 0.88 |
| 2025 | 22.08 | 9.26 | 8.96 | 24.75 | – | 0.16 |
Key Numbers (2025):
- Earnings Per Share: ₹7.32
- Return on Equity: 47.51%
- Profit Margin: 41.75%
- Price/Earnings Ratio: 17.81
- Net Asset Value: ₹15.56
The company’s revenue doubled in 2025, and profits grew, showing strong growth.
Why are they raising funds?
The IPO money will be used for:
- New Office and Equipment: ₹17.82 crore
- Working Capital: ₹5.20 crore
- General Business Needs: Rest of the funds
Contact Details
Icodex Publishing Solutions Ltd.
- Address: 102, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, Maharashtra, 411014
- Phone: +91 8856907928
- Email: cs@icodexsolutions.com
- Website: https://icodexsolutions.com/
Registrar:
- Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Website: https://ipo.cameoindia.com/
How to Apply for Icodex Publishing Solutions IPO
You can apply for the IPO through:
- Online: Use your bank’s net banking or apps like Zerodha or Upstox with UPI.
- Offline: Fill out a form through your broker.
Make sure to apply between August 11 and August 13, 2025.
Should You Invest?
Icodex is growing fast, with good profitability and focus on publishing software. 2% GMP indicates some investor interest, but SME IPOs can be risky. Check the subscription status and speak to a financial advisor before making a decision.
Disclaimer: This article is for information only. Always read the IPO documents and consult a financial advisor before investing.
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