ListedSMEIT - SoftwareIPSL

Icodex Publishing Solutions IPO

Icodex Publishing Solutions IPO is an SME IPO raising ₹42 Cr at ₹98 – ₹102 a share. It listed on 19 Aug 2025 at ₹82, −20.0% against its issue price of ₹102, and trades at ₹39 today (−61.3% since issue). It was subscribed 3.98× in total.

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₹102

Issue price

₹39

Price now

−61.3%

Since issue price

19 Aug 2025

Listed on

3.98×Subscribed (final) · all exchanges

4.0 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹98 – ₹102

Cut-off price₹102

Issue size₹42 Cr

Shares per lot1200

Minimum application₹1,22,400

Minimum quantity2400

Face value₹10

Listing exchangesBSE

ISININE111601014

Bidding hours10:00 – 17:00 IST

Bidding window11 Aug 2025 – 13 Aug 2025

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.