Icodex Publishing Solutions IPO Allotment Today: Key Details for Investors

The ₹42.03 crore Icodex Publishing Solutions IPO closed on August 13, 2025, and has received healthy investor interest, being subscribed 3.80 times overall. Allotment is expected to be finalised today, August 14, 2025, with listing scheduled for August 19, 2025 on the BSE SME platform.

IPO Price Band and Structure
The company had set a price band of ₹98–₹102 per share, with a minimum lot size of 1,200 shares (₹122,400) for retail investors. The issue comprised a fresh issue worth ₹34.64 crore and an offer-for-sale worth ₹7.39 crore.

Subscription Breakdown

• Retail Investors (RII): 4.67×

• Qualified Institutional Buyers (QIB): 33.08×

• Non-Institutional Investors (NII): 1.53×

Despite active demand, the Grey Market Premium (GMP) is currently flat at ₹0, indicating expected listing near the issue price.

Company Profile
Icodex Publishing Solutions specialises in providing end-to-end software solutions and BPM services for the scholarly and academic publishing sector. Its offerings include technology platforms such as iCAPP and PaperPerfect, editorial support, quality assurance, and IT infrastructure management.

Financial Performance
The company has shown strong growth in FY25:

• Revenue: ₹21.88 crore (up from ₹10.40 crore in FY24)

• Net Profit (PAT): ₹8.96 crore (up from ₹4.39 crore in FY24)

• EBITDA Margin: ~61.4%

• EPS: ₹7.32

• Return on Net Worth: ~47%

Fund Utilisation
Proceeds from the IPO will be used for:

• Acquiring new office premises

• Purchasing IT hardware

• Meeting working capital needs

• General corporate purposes

Important Dates for Investors

• Allotment Date: August 14, 2025

• Refunds/Share Credit: August 18, 2025

• Listing Date: August 19, 2025 (BSE SME)

Investors can check their allotment status through the BSE website or Cameo Corporate Services Ltd using PAN, application number, or DP ID.

Market Outlook
While the GMP trend suggests a stable listing, the company’s robust growth in revenue and profit, along with its high EBITDA margin, may support investor sentiment post-listing. Long-term prospects will depend on sustained demand in academic publishing solutions and client acquisition pace.

Step-by-Step Guide to Check Allotment

Option 1 – Through Registrar Website (Cameo Corporate Services Ltd)

1. Visit the registrar’s allotment page: Cameo Corporate Servies Ltd

2. Select ‘Public Issue’ from the dropdown menu.

3. Choose ‘BlueStone Jewellery & Lifestyle Ltd.’ from the list of companies.

4. Enter any one of the following:

   • PAN Number

   • Application Number

   • DP Client ID

5. Click on ‘Search’.

6. Your allotment status will be displayed on the screen.

Option 2 – Through NSE Website

1. Go to the NSE IPO allotment page: https://www.nseindia.com/invest

2. Select ‘Equity’ and choose ‘BlueStone Jewellery & Lifestyle Ltd.’.

3. Enter your application number or PAN.

4. Complete the captcha and click on ‘Search’.

5. Check your allotment details.

Option 3 – Through Broker/Demat Account

Most brokers like Zerodha, Groww, Angel One, Upstox, and ICICI Direct update allotment details within their IPO section. Log in to your broker account and check the IPO status.

Key Notes for Investors

• If you are allotted shares, they will be credited to your demat account by 18 August 2025.

• If not allotted, the refund or unblocking of funds (ASBA/UPI) will be initiated by the same date.

• Keep an eye on market sentiment and listing trends before deciding on listing day trades.

💡 Investor Note: Those who applied can check allotment status through BSE SME or Cameo Corporate Service Ltd by entering their PAN or application details.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult their financial advisor before making any investment decisions.