Icodex Publishing Solutions IPO

LISTED
SME

BSE • Lot Size: 1200 • SME

Issue102
Listed102+0%
Now51.2-49.8%
49.8%

*Last updated on 11 Jan 2026

Price Band

₹98 - ₹102

Lot Size

1200

Issue Size

₹42.03 Cr

GMP

N/A

Subscription

3.95x

Analyzing...

IPO Schedule

1

Open

11 Aug 2025

2

Close

13 Aug 2025

3

Allotment

-

4

Listing

19 Aug 2025

About Icodex Publishing Solutions

Icodex Publishing Solutions is an SME focused on providing comprehensive publishing solutions, likely encompassing services like content creation, editing, design, and distribution for various formats. Their operations cater to a specific niche within the broader publishing industry, potentially offering specialized services or targeting a specific clientele.

Key Strengths

  • High Return on Equity (ROE) of 47.51% indicates strong profitability and efficient capital utilization.
  • Relatively low P/E ratio of 13.94 suggests the IPO may be attractively priced compared to industry peers, indicating potential for value appreciation.
  • Focus on a specific niche within publishing, potentially leading to specialization and competitive advantage.
  • Potential for growth in the digital publishing sector, aligning with evolving industry trends.
  • SME status allows for agility and responsiveness to market changes.

Risk Factors

  • SME status implies vulnerability to economic downturns and increased competition from larger players.
  • Dependence on a specific segment of the publishing industry could make them susceptible to changes in that sector.
  • Relatively small issue size may lead to limited liquidity post-listing.

Valuation Analysis

The IPO appears reasonably valued given the high ROE and relatively low P/E ratio; however, investors should carefully consider the inherent risks associated with investing in an SME and conduct thorough due diligence before investing.

IPO Details

ExchangeBSE
SegmentSME
ISININE111601014
Face Value10
Lot Size1200
Issue Size₹42.03 Cr

Key Metrics

ROE47.51%
ROCE110.07%
P/E Ratio13.94
Industry P/E20
EPS7.32
PAT Margin40.56%
Debt/Equity0.16

Growth & Quality

ProfitableYes ✓

Subscription

Total0.41x

Documents

RHP not available

Key Dates

Open Date11 Aug 2025
Close Date13 Aug 2025
Listing19 Aug 2025