Icodex Publishing Solutions IPO
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Schedule of Icodex Publishing Solutions
| Issue open date | 11 Aug 2025 |
| Issue close date | 13 Aug 2025 |
| UPI mandate deadline | 13 Aug 2025 (5 PM) |
| Allotment finalization | 14 Aug 2025 |
| Refund initiation | 18 Aug 2025 |
| Share credit | 18 Aug 2025 |
| Listing date | 19 Aug 2025 |
| Mandate end date | 28 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 13 Sep 2025 |
| Lock-in end date for anchor investors (remaining) | 12 Nov 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Icodex Publishing Solutions
Incorporated in 2018, Icodex Publishing Solutions Limited is a technology-driven company that specializes in end-to-end software solutions for the scholarly and academic publishing industry.
The company’s core offerings include tools that streamline the entire publishing workflow, from manuscript submission and peer review to content formatting, digital distribution, and print production. Beyond software, Icodex offers Business Process Management (BPM) services such as editorial support, quality assurance, and backend operations for global publishers. It also provides IT support, including hardware setup and infrastructure maintenance.
Financials of Icodex Publishing Solutions
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹42.03 crores |
| Fresh Issue | ₹34.64 crores |
| Offer for sale | ₹7.39 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of new office premises | 16.70 |
| Purchase of hardware for new office | 1.12 |
| Working capital requirement | 5.20 |
| General corporate purposes |
Strengths
- End to end publishing workflow solution provider in the publishing ecosystem
- Diverse services offerings, including BPM services and IT infrastructure management
- In-house development of cloud-based platforms like iCAPP and PaperPerfect, ensuring innovation and independence
- Consistent growth in revenue and profitability
- Leadership with a proven history in delivering solutions at the intersection of publishing and technology
Risks
- Revenue is heavily tied to a single global publishing partner, posing concentration-related risks
- Exposure to foreign exchange fluctuations, particularly USD, may adversely impact financial performance
- Business operations and growth rely on the timely availability of adequate working capital
- Delays in regulatory compliance and ongoing legal proceedings may affect financials
- Intense competition and potential loss of leased premises could negatively impact business continuity
Allotment Status for Icodex Publishing Solutions
To check your allotment status – click here.