31 Mar 2023
Assets5.85
Total Income9.72
EBITDA1.95
Profit After Tax1.81
NET Worth4.19
Reserves and Surplus4.19
Total Borrowing0.02
At a glance
Updated 2026-08-24Icodex Publishing Solutions is a SME IPO with an issue size of ₹42.03 crore, proposed for listing on BSE SME. The offer opens on 11th Aug 2025 and closes on 13th Aug 2025. The issue structure includes a fresh issue of ₹32.53 crore and an offer-for-sale component of ₹7.39 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹42.03 Cr
Fresh issue₹32.53 Cr
Offer for sale₹7.39 Cr
Face value₹10
Price band₹98.00–₹102.00
Allotment14th Aug 2025
Listing19th Aug 2025
Grey market
GMP page ↗Latest GMP₹0.00
GMP / upper price0.00%
Est. listing₹102.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens11th Aug 2025
Closes13th Aug 2025
Allotment14th Aug 2025
Refund18th Aug 2025
Demat18th Aug 2025
Listing19th Aug 2025
Subscription demand
Full bidding ↗Total3.95×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2400 | ₹244,800 |
Company
Incorporated2018
Use of proceeds
| Object | Amount |
|---|---|
| Purchase of new office premises | ₹16.70 Cr |
| Purchase of hardware for new office | ₹1.12 Cr |
| Working Capital Requirement | ₹5.20 Cr |
| General Corporate Purposes | ₹6.40 Cr |
| Issue Expenses | ₹5.23 Cr |
| Total | ₹34.64 Cr |
Financials
Full financials ↗31 Mar 2024
Assets10.67
Total Income10.99
EBITDA4.26
Profit After Tax4.40
NET Worth8.59
Reserves and Surplus8.59
Total Borrowing0.88
31 Mar 2025
Assets24.75
Total Income22.08
EBITDA13.43
Profit After Tax8.96
NET Worth19.05
Reserves and Surplus6.81
Total Borrowing2.99
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 47.51% |
| ROCE | 110.07% |
| Debt / Equity | 0.16% |
| RoNW | 47.02% |
| PAT Margin | 40.56% |
| EBITDA Margin | 61.39% |
| Price to Book Value | 14.25 |
Valuation & shareholding
Pre-IPO EPS7.32
Post-IPO EPS5.73
Pre-IPO P/E13.94
Post-IPO P/E17.81
Promoter holding pre88.24%
Promoter holding post64.46%
Market cap₹159.50 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Purchase of new office premises | ₹16.70 Cr |
| Purchase of hardware for new office | ₹1.12 Cr |
| Working Capital Requirement | ₹5.20 Cr |
| General Corporate Purposes | ₹6.40 Cr |
| Issue Expenses | ₹5.23 Cr |
| Total | ₹34.64 Cr |
Registrar & lead managers
Registrar
Cameo Corporate Services Ltd.Lead managers
- Indcap Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.