Icodex Publishing Solutions Limited

Company Profile
Company Name Icodex Publishing Solutions Limited
Open Date 11-08-2025
Close Date 13-08-2025
Exchange BSE SME
Lot Size 1,200 Shares
Issue Price ₹102 per share
Issue Size 41,20,800 shares
Application Amount ₹2,44,800 (2,400 shares)
Recommendation Avoid
The company focuses on providing software products to the scholarly and academic publishing industry. The major source of revenue for the company is from application support and IT management as of the latest financial year. Previously, the company was catering to only one global publishing company so all revenue came from a single source. The company recently expanded its IT management segment to include 5 new domestic clients. It was incorporated in 2018 with its registered office in Pune.
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Financial Summary in Lakhs

KPIs Mar-23 Mar-24 Mar-25
Revenue 953.67 1,040.07 2,187.74
EBITDA 194.81 426.07 1,342.99
Net Profit 181.18 439.70 895.62
RoCE 38.56% 44.49% 65.63%
ROE 43.21% 51.19% 47.02%
P/E 67.55 27.87 13.93

Tentative Timeline

Opening Date 11-08-2025
Closing Date 13-08-2025
Basis of Allotment 14-08-2025
Initiation of Refunds 18-08-2025
Credit of Shares to Demat 18-08-2025
Listing Date 19-08-2025

Objects of the Issue

Purchase of new office premises.
Purchase of hardware for new office.
Working capital requirement.
General corporate purposes.

Contact Information

Registered Office 102, First Floor, Suman Business Park, Kalyani Nagar, Viman Nagar, Pune, Maharashtra, 411014
Phone +91 8856907928
Email cs@icodexsolutions.com
Website https://icodexsolutions.com/

Registrar Details

Name Cameo Corporate Services Limited
Phone +91-44-28460390
Email ipo@cameoindia.com
Website https://ipo.cameoindia.com/

IPO Reservation

Market Maker Shares Offered 2,06,400 (5.01%)
QIB Shares Offered 1,08,000 (2.62%)
NII (HNI) Shares Offered 19,03,200 (46.19%)
Retail Shares Offered 19,03,200 (46.19%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 88.24%
Share Holding Post Issue (Promoters) 64.44%

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