Icodex Publishing Solutions Ltd IPO

Our Company was incorporated in 2018 with a focus to provide software products to the scholarly and academic publishing industry. Since inception, our Company is engaged in the business of Software Product Development for Scholarly Publishing. Our Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. We specialize in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution.

Open Demat Account

50years

Icodex Publishing Solutions Ltd IPO Details

Details

Total Shares OfferedOffer to PublicRetail Max (Shares)Pre Issue Promoters HoldingExchangeIssue size
₹ 41.21 L₹ 7.25 LTBA₹ 108.01 LDBC₹ 42.03 Cr
IPO Open DateClose DateLot SizeMin InvestmentIssue TypeListing Date
11 Aug, 2513 Aug, 252400 ₹ 2,35,200 Book Building - SME19 Aug, 25

Icodex Publishing Solutions Ltd IPO Dates

  • 11 Aug 2025

    Opening date

  • 13 Aug 2025

    Closing date

  • 14 Aug 2025

    Basis of
    Allotment

  • 18 Aug 2025

    Initiation of
    Refunds

  • 18 Aug 2025

    Credit of
    Shares

  • 19 Aug 2025

    Listing date

Details

SectorType
SectorComputers - Software - Medium
Sub SectorSmall
Issue TypeBook Building - SME

Subscription Status

*Values are in Lakhs

Investor TypeSubscription TimesShares Offered*Shares Bid*
QIB0x00
NII0x00
Retail0x00
Employee0x00
Total0x41208000

Subscription Status

Investor Type

QIB

NII

Retail

Employee

Total

*Values are in Lakhs

Icodex Publishing Solutions Ltd Financial Status

Income Statement

Balance Sheet

Particulars (in Rs. Crores)FY23FY22FY21
Revenue from operations4.812.121.80
EBITDA5.172.401.94
PAT4.401.811.29
Total Assets4.933.752.87
Share Capital0.000.000.00
Total Borrowings1.380.260.17
Operating Activities (Net Cash)4.762.091.43
Investing Activities (Net Cash)-3.38-0.530.00
Financing Activities (Net Cash)1.380.260.17
Net Cashflow3.061.681.49

Particulars (in Rs. Crores)

Revenue from operations

EBITDA

PAT

Total Assets

Share Capital

Total Borrowings

Operating Activities (Net Cash)

Investing Activities (Net Cash)

Financing Activities (Net Cash)

Net Cashflow

About Icodex Publishing Solutions Ltd

Our Company was originally incorporated as `Icodex Publishing Solutions Private Limited, as a private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated May 28, 2018 issued by the Jurisdictional Registrar of Companies, Central Registration Centre. Subsequently, our Company was converted into a public limited company pursuant to a resolution passed by the Board of Directors in the meeting held on June 14, 2024 and by the Shareholders in their EGM held on June 25, 2024. The name of our Company was changed to `Icodex Publishing Solutions Limited and a fresh certificate of incorporation dated August 20, 2024 was issued by the Assistant Registrar of Companies / Deputy Registrar of Companies / Registrar of Companies, Central Processing Centre.

The publishing market size is forecast to increase by USD 19.37 billion at a CAGR of 1.2% between 2023 and 2028. The market is experiencing significant shifts, driven by several key trends. The increasing demand for diversity in content reflects a growing recognition of the importance of representation and inclusivity. This trend is further fuelled by the rise in the number of self-published authors, who have greater creative control and faster time-to-market. Conversely, the market share of traditional publishing is decreasing due to the ease of self-publishing and changing consumer preferences. These trends present both opportunities and challenges for market participants, requiring them to adapt and innovate to remain competitive. The market is a dynamic and diverse industry that caters to the insatiable appetite of reading enthusiasts for knowledge and entertainment. From the publication of Charles Darwin's groundbreaking works on evolution to Albert Einstein's scientific theories, the publishing industry has played a pivotal role in shaping our understanding of the world. Today, the market encompasses a wide range of genres, from the mystery genre with its intricate jigsaws and Rubik's cubes-like puzzles, to educational books on subjects as diverse as stock market analysis and housing market trends. The market also caters to various segments, including local bookshops, online portals, and physical stores. The India publishing market is a rapidly growing and lucrative industry. It is estimated to grow at a CAGR of 10.3% during the forecast period 2020-2026. The Indian publishing sector has been in existence for centuries, and continues to be an important part of the cultural landscape today. Traditional publishing houses in India have seen significant growth over recent years due to the increased demand for books in regional languages as well as a rise in digital content consumption across various platforms such as e-books, videos, audio books etc., which are made available online through major Indian publishers like Amazon Kindle, Flipkart Books, among others.

Our Company was incorporated in 2018 with a focus to provide software products to the scholarly and academic publishing industry. Since inception, our Company is engaged in the business of Software Product Development for Scholarly Publishing. Our Software products help in publication of research papers, studies and academic articles; that help researchers, academicians, and scholars in their field of work. We specialize in a developing and providing publishing products and software, which support the publishing process, i.e., from manuscript preparation till print and digital content distribution.

Peer Comparison:

  • Icodex Publishing Solutions Limited
  • MPS Limited

Icodex Publishing Solutions Ltd IPO Key Points

Strengths

  • Domain Expertise.
  • Experienced Management and Leadership Team.
  • Strong relationship with existing customers.
  • End to end publishing solution provider in the publishing ecosystem.
  • Technology Focused Business Model.

Risk

  • The company is highly dependent on few customers for its business and revenues. Loss of relationship with any of these customers may have a material adverse effect on its profitability and results of operations of the Company.
  • Substantial portion of its revenues is dependent on a Global Publishing Company based out of United States of America (USA). Any economic slowdown and/or any other factor affecting the economy of USA may have an adverse impact on its business. Further any change in the Government regulations and policies vis-'-vis supply of services to USA may have a material adverse effect on its profitability and results of operations.
  • The company has entered into business agreements / service agreements with its customers which contain Termination clause. In the event of any breach of obligations or covenants in the agreements, it may lead to termination of its service agreements with the company customers which in turn may result in loss of business, profitability and operations of the Company.

Strategy

  • To Empower India's Research Ecosystem.
  • To Revolutionize Research Publishing with Technology.
  • Creating a Self-Reliant Research Ecosystem for India.
  • Domain Expertise.
  • Experienced Management and Leadership Team.
  • Strong relationship with existing customers.
  • End to end publishing solution provider in the publishing ecosystem.
  • Technology Focused Business Model.

How To Apply for Icodex Publishing Solutions Ltd IPO Online?

Step 1:

Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.

Step 2:

From the list of open IPOs, select the IPO you want to invest.

Step 3:

Go through the IPO details like lot size, price band, about the company, etc.

Step 4:

Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.

Step 5:

Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.

Get your FAQs right

Icodex Publishing Solutions Ltd's IPO offers shares for up to ₹ 0 L It begins on Aug 11, 2025 and ends on Aug 13, 2025.

The price of Icodex Publishing Solutions Ltd IPO ranges between ₹98 to ₹102 per share.

The Icodex Publishing Solutions Ltd IPO opens on Aug 11, 2025 and closes on Aug 13, 2025.

The allotment for the Icodex Publishing Solutions Ltd IPO will be finalised on Aug 14, 2025. The shares will be listed on BSE and NSE on Aug 19, 2025.

The minimum lot size for Icodex Publishing Solutions Ltd IPO is 2400 shares, priced between ₹98 to ₹102 per share.

The GMP (Grey Market Premium) of Icodex Publishing Solutions Ltd IPO fluctuates based on market demand and sentiment.

To check the allotment status of Icodex Publishing Solutions Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

The Icodex Publishing Solutions Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Aug 11, 2025, and closes on Aug 13, 2025. The allotment is finalised on Aug 14, 2025.

To apply for the Icodex Publishing Solutions Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.