Icodex Publishing Solutions Limited
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Icodex Publishing Solutions Limited's successfully transitioned to public market status with its listing on BSE on Aug 19, 2025. The IPO mobilized 41,20,800 Shares in cumulative capital, including 33,96,000 Shares for corporate expansion and ₹7.39 Cr for shareholder liquidity management.
The public offering was conducted within the price parameters of ₹98 to ₹102, with minimum investment lots of 1200 shares. subscription activity between Aug 11, 2025 and Aug 13, 2025 demonstrated market reception to the company's valuation and growth narrative.
The allotment process concluded on Aug 14, 2025, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Icodex Publishing Solutions Limited, established in 2018, specializes in software product development for the scholarly publishing industry. The company creates tools that support the entire publishing workflow—from preparing manuscripts to distributing content in print and digital formats. It also offers business process management services such as editorial support, quality checks, and IT solutions like infrastructure and server management. Their services cater to global clients and cover three main segments: software development for publishing and other industries, backend publishing support including AI-powered quality assurance and editorial tasks, and IT support for system setup and maintenance. As of January 31, 2025, the company employs 116 people.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Expertise: Specialized in academic publishing and automation software.
- Leadership: Skilled team with strong industry experience.
- Client Relationships: Trusted by publishing clients worldwide.
- Customer Dependence: Relies heavily on a few major clients, including a leading U.S. publisher.
- Market & Policy Risk: Strongly affected by U.S. economic trends and rule changes.
- Contract Risk: Agreements have termination clauses that may reduce revenue if ended.
- Kamalakkannan Govindaraj
- Chetan Shankaralal Soni
Icodex Publishing Solutions Limited
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