Archive · 7 Aug 2025
ICODEX Publishing Sets IPO Price Band; Issue Opens August 11
ICODEX Publishing is selling stock to the public for the first time, called an IPO.
They're hoping to raise about 42 crore rupees by selling shares between 98 and 102 rupees each.
This money will help them buy a new office, get new computers, and pay for their day-to-day business.
The company creates software for publishing research papers and academic articles.
The IPO starts on August 11th and is on the BSE SME platform.
They compete with other companies in the publishing services industry.
In the last financial year, they made a profit of ₹8.96 Cr on a revenue of ₹21.87 Cr.
ICODEX Publishing set the price band for its IPO at ₹98-₹102 per share.
The IPO is for ₹42.03 crore and opens on August 11 on the BSE SME platform.
The IPO includes a fresh issue of ₹34.64 crore and an offer for sale of ₹7.39 crore.
Proceeds will fund a new office, hardware, working capital, and general corporate purposes.
The company competes with MPS Ltd, Cactus Communications, and TNQ Tech.
- Who
- ICODEX Publishing, a company that develops software products that assist in publishing research papers and academic articles.
- What
- ICODEX Publishing is launching an IPO.
- When
- The IPO opens on August 11 and closes on August 13.
- Where
- The IPO will be on the BSE SME platform.
- Why
- To raise capital for a new office, hardware, working capital, and general corporate purposes.
- IPO Price Band
- ₹98-₹102 per share
- IPO Size
- ₹42.03 crore
- IPO Structure
- Fresh issue of ₹34.64 Cr and OFS of ₹7.39 Cr
- Opening Date
- August 11
- Closing Date
- August 13
- Listing Platform
- BSE SME
- FY25 Revenue
- ₹21.87 Cr
- FY25 PAT
- ₹8.96 Cr