New Delhi: Icodex Publishing Solutions has opened its initial public offering (IPO) to raise ₹42.03 crore, attracting attention with a 2% grey market premium ahead of listing. The three-day subscription window offers both fresh equity shares and an offer for sale (OFS).
The IPO includes 33.96 lakh fresh shares worth ₹34.64 crore and 7.25 lakh OFS shares valued at ₹7.39 crore. The price band has been set at ₹98–₹102 per share, with a minimum bid size of 2,400 shares. Post-issue, the company’s shares will debut on the BSE SME platform.
Company Profile
Icodex Publishing Solutions specialises in software products and business process management for the publishing industry. Its offerings include SaaS-based automation tools, AI-powered quality control systems, and comprehensive editorial services. The company currently employs 116 professionals.
IPO Fund Utilisation
Proceeds from the fresh issue will be allocated towards:
- ₹16.70 crore for new office premises
- ₹1.12 crore for hardware acquisition
- ₹5.20 crore for working capital
- Remaining funds for general corporate purposes
With its focus on technology-driven publishing solutions and a promising grey market signal, the IPO is expected to draw keen interest from investors looking for exposure to the growing digital publishing sector.
