Icodex Publishing Solutions IPO GMP & Review: Apply or Avoid?

Icodex Publishing Solutions IPO is open for bidding from 11th August 2025 to 13th August 2025. It is a bookbuilding IPO of ₹42.03 crore, comprising a fresh issue of 33.96 lakh shares. And offer for sale of 7.25 crore shares. The issue will be listed on BSE and SME on its tentative listing date, 19th August 2025. 

Icodex Publishing Solutions IPO Details 

The Icodex Publishing Solutions IPO date is fixed between 11th August 2025 and 13th August 2025. The face value of Icodex Publishing Solutions IPO shares stands at ₹10 per share, and the IPO price band is set between ₹98 and ₹102 per share.

Cameo Corporate Services Limited is the registrar of the Icodex Publishing Solutions IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below. 

Icodex Publishing Solutions IPO Share Reservation

Icodex Publishing Solutions IPO is a bookbuilding IPO of ₹42.03 crores, comprising a fresh issue of 33.96 lakh shares. An offer for sale of 7.25 lakh shares. Icodex Publishing Solutions Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories. 

Icodex Publishing Solutions IPO GMP Grey Market Premium

GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Icodex Publishing Solutions IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

As of 8th July 2025, Icodex Publishing Solutions IPO GMP stands at ₹2 per share, which means the share will likely show a listing at ₹104 (102+2) on its tentative listing date, 19th August 2025.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Icodex Publishing Solutions GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends. 

Icodex Publishing Solutions IPO GMP Review

Check out the detailed Icodex Publishing Solutions GMP IPO review for a thorough understanding of its potential to report listing gains on 19th August 2025. The Icodex Publishing Solutions IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO. 

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Icodex Publishing Solutions IPO.

Icodex Publishing Solutions Limited’s revenue soared by 101% from ₹10.99 crores in March 2024 to ₹22.08 crores in March 2025. Moreover, the company’s PAT rose by 104% from ₹4.40 crores to ₹8.96 crores.

Icodex Publishing Solutions Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Icodex Publishing Solutions IPO for its tentative listing day, 19th August 2025.  

Technical Analysis

A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Icodex Publishing Solutions IPO.

The PE ratio of Icodex Publishing Solutions Limited’s share is 13.94, and its Earnings Per Share (EPS) stands at 7.32. Thus, the Icodex Publishing Solutions Limited IPO can potentially deliver gains on its tentative listing date, 19th August 2025. 

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Icodex Publishing Solutions Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics. 

Icodex Publishing Solutions IPO Subscription Status

The Icodex Publishing Solutions IPO is to be opened for bidding on 11th August 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Icodex Publishing Solutions IPO subscription status. 

About Icodex Publishing Solutions Limited

Icodex Publishing Solutions was incorporated in 2018 is operates in the business of software product development that provides products and services to the scholarly publishing industry. It is a tech-driven driven that offers various tools, including ERP, SAAS, to smoothly process their business operations from manuscript submission to publication.

Icodex Publishing Solutions Limited has raised funds through its IPO for expanding business, working, or other general corporate needs.

• Area of specialization
• Experienced promoters and management team
• Technology driven
• Strong networking

Icodex Publishing Solutions Limited Financials

The company’s financial analysis is essential before applying for the Icodex Publishing Solutions  IPO. Look at the table to learn about Icodex Publishing Solutions  Limited’s financials. 

Explanation

Icodex Publishing Solutions Limited’s revenue soared by 101% from ₹10.99 crores in March 2024 to ₹22.08 crores in March 2025. Moreover, the company’s PAT rose by 104% from ₹4.40 crores to ₹8.96 crores.

Icodex Publishing Solutions IPO Bidding Requirements

Investors can bid for a minimum of 29 shares in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.

Icodex Publishing Solutions IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.

Use the lot size calculator to find how many shares you should apply for!

Icodex Publishing Solutions IPO Promoter Holding

Have a look at the table below to check the holdings of Icodex Publishing Solutions Limited’s promoters: Kamalakkannan Govindaraj and Chetan Shankaralal Son. i

Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue –  Share Holding Post-Issue.

Aim of the Icodex Publishing Solutions IPO

The primary aim of the Icodex Publishing Solutions IPO is to raise ₹42.03  crores. On the other hand, Icodex Publishing Solutions has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Icodex Publishing Solutions IPO.

• To fund the working capital requirement
• To meet the general corporate purpose.
• To purchase hardware for the new office.
• To purchase new office premises

Should I Invest in the Icodex Publishing Solutions IPO?

Explore the pros and cons of Icodex Publishing Solutions to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades. 

Pros of Icodex Publishing Solutions IPO

• The company has a specific focus on the scholarly publication industry, which gives it a unique position in the market.
• It has a large client base worldwide.
• Icodex Publishing invested huge in technology, their ERP and other cloud systems, for reliability and efficiency.
• They operate in a business-to-business segment.
• Digital publications are rapidly increasing nowadays in the education and research sectors.

 Cons of Icodex Publishing Solutions IPO

• Faces intense competition from established global companies.
• They are overdependent on a few clients.
• Heavy regulatory and legal publication laws.
• Business is heavily reliant on technology.

How to Apply for the Icodex Publishing Solutions IPO?

Check the steps mentioned below to apply for Icodex Publishing Solutions Limited.

• Step 1: Conduct thorough research on the Icodex Publishing Solutions Limited IPO GMP, subscription status, issue size, lot size, and other details. 
• Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section. 
• Step 3: Make a bid for 2 lots of 2,400 shares worth ₹2,44,800.
• Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.    

Note: You can apply for the Icodex Publishing Solutions IPO from more than one demat account to increase your allotment chances. 

How to Check Icodex Publishing Solutions IPO Allotment Status?

You can check whether the Icodex Publishing Solutions IPO allotment is done in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.

Check On BSE

• Visit the BSE Official Website.
• Navigate to the IPO Allotment Section. 
• Select Equity as the issue type. 
• Choose the Icodex Publishing Solutions IPO.  
• Choose whether to proceed with the PAN number or the application number. 
• Submit your details to get the allotment status online. 

Check On the Registrar Portal

• Visit the registrar portal.
• Click on the allotment option.
• Fill in the required details.
• Click on the submit button to know your Icodex Publishing Solutions IPO allotment status.

Let’s Wrap

Icodex Publishing Solutions IPO is a bookbuilding issue of shares worth ₹42.03 crores. The shares of Icodex Publishing Solutions Limited will be listed on BSE and SME on its tentative listing date of 19th August 2025. Researching the Icodex Publishing Solutions IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Icodex Publishing Solutions IPO

How is the Icodex Publishing Solutions IPO?

Ans. Currently, on 8th August 2025, the Icodex Publishing Solutions IPO GMP (Grey Market Premium) stands at ₹2. It indicates that the estimated listing price could be ₹104 per share. It is a bookbuilding IPO of ₹42.03 crores, comprising a fresh issue of 33.96 lakh shares. And offer for sale of 7.25 lakh shares. The face value of each share of Icodex Publishing Solutions Limited is ₹10. 

What is the Icodex Publishing Solutions IPO price?

Ans. The Icodex Publishing Solutions IPO price band has been set between ₹98 and ₹102 per share.  Retail investors can apply for a minimum of 2 lots consisting of 2400 shares worth ₹2,44,800. Moreover, HNIs are required to bid for a minimum of 3 lots (3,600 shares) worth ₹3.67,200.

Is the Icodex Publishing Solutions IPO good?

Ans. Icodex Publishing Solutions Limited’s revenue soared by 101% from ₹10.99 crores in March 2024 to ₹22.08 crores in March 2025. Moreover, the company’s PAT rose by 104% from ₹4.40 crores to ₹8.96 crores.

Who is the registrar of the Icodex Publishing Solutions IPO?

Ans. Cameo Corporate Services Limited is the registrar of the Icodex Publishing Solutions IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Icodex Publishing Solutions allotment and refund, you can contact Cameo Corporate Services Limited at cameo@cameoindia.com,+91-44-28460390.

What is the issue size of the Icodex Publishing Solutions IPO? 

Ans. Icodex Publishing Solutions IPO is a bookbuilding IPO for 33.96 lakh shares worth ₹42.03 crores. Moreover, the IPO is set to open on 11th August 2025 and will be closed on 13th August 2025. 

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Icodex Publishing Solutions IPO, download the Icodex Publishing Solutions IPO RHP and Icodex Publishing Solutions IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.

Upcoming IPOs

Current & Previous IPOs

Read Our Articles on the Best Stocks

Tech Stocks in India to Invest in 2025 | Tech Sector Stocks 

Best Battery Stocks in India to Invest in 2025 | Battery Sector Stocks 

Best Shipping Stocks in India to Invest in 2025 | Shipping Sector Stocks 

Paint Stocks in India to Invest in 2025 | Paint Sector Stocks 

Paper Stocks in India to Invest in 2025 | Paper Sector Stocks 

Best Semiconductor Stocks in India 2025 

Best Large Cap Stocks in India 2025 

Green Energy Penny Stocks

Best Cement Stocks To Invest in India

Also Explore

Univest Screeners

Explore Webstories on Univest 

1. Best Time To Buy Dividend Stocks

2. How RBI Policies Affect Dividend Stocks

3. Can Dividend Stocks Beat Inflation

4. What Is The Dividend Aristocrat List

5. Which Indian Psus Offer The Best Dividends

6. Large Cap Vs Small Cap Dividend Stocks