Icodex Publishing Solutions Ltd IPO
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Icodex Publishing Solutions Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
₹ 41.21 L | ₹ 7.25 L | TBA | ₹ 108.01 L | DBC | ₹ 42.03 Cr |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
11 Aug, 25 | 13 Aug, 25 | 2400 | ₹ 2,35,200 | Book Building - SME | 19 Aug, 25 |
Icodex Publishing Solutions Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Computers - Software - Medium |
Sub Sector | Small |
Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 0 |
NII | 0x | 0 | 0 |
Retail | 0x | 0 | 0 |
Employee | 0x | 0 | 0 |
Total | 0x | 4120800 | 0 |
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) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 4.81 | 2.12 | 1.80 |
EBITDA | 5.17 | 2.40 | 1.94 |
PAT | 4.40 | 1.81 | 1.29 |
Total Assets | 4.93 | 3.75 | 2.87 |
Share Capital | 0.00 | 0.00 | 0.00 |
Total Borrowings | 1.38 | 0.26 | 0.17 |
Operating Activities (Net Cash) | 4.76 | 2.09 | 1.43 |
Investing Activities (Net Cash) | -3.38 | -0.53 | 0.00 |
Financing Activities (Net Cash) | 1.38 | 0.26 | 0.17 |
Net Cashflow | 3.06 | 1.68 | 1.49 |
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.