New Delhi [India], August 13: The IPO (Initial Public Offering) of Icodex Publishing Limited opened on August 11, 2025, to a positive response from the investors.

The company operates as a software service provider to the authors, publishers and peer reviewers in the publishing ecosystem.  The issue closes on August 13, 2025.

The IPO has been launched on the BSE SME platform to raise funds for purchasing new office premises, hardware for the new office, working capital requirements and operational costs.

Since its inception in 2018, the company has focused on providing software products to the scholarly and academic publishing industry and to facilitate the publishing of research papers, studies and academic articles. The Company has been posting impressive financial results on a year-on-year basis.

Speaking on the IPO, Mr. Samir Agarwal, Director, Indcap Advisors Private Limited, the book running lead manager to the Icodex IPO, said, “IPO has opened to a positive response yesterday (August 11, 2025), which closes on August 13, 2025.

Through this IPO, the company aims to raise Rs. 42.03 crores by offering 41,20,800 equity shares at a face value of Rs. 10 each at a price band of Rs. 98 to 102 per share. The minimum market lot size is 1200 shares, and investors are required to apply for a minimum of two lots.”

Indcap is an India-based boutique Investment Banking company and a SEBI-registered Category 1 Merchant Banker offering advisory and consultancy services in the areas of Capital Raising, Mergers & Acquisitions, Debt Resolution, Corporate Advisory, and Capital Markets.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investing in stocks includes financial risks, and past performance is not indicative of future results. Readers should conduct their own research or consult with a qualified financial advisor before making any investment decisions.