Icodex Publishing Solutions Share Price Lists at 20% Discount on Market Debut

Market Performance

Icodex Publishing Solutions share price made a weak debut on August 19, opening at Rs 81.60 per share on the BSE SME platform.

• This reflects a 20% discount from its IPO issue price of Rs 102 apiece.
• The stock’s listing price also failed to meet grey market expectations, as there was no premium in unlisted trading before debut.

Main News

The company’s IPO had raised around Rs 42 crore through a fresh issue of 41.21 lakh equity shares. The IPO came with a price band ranging from Rs 98 to Rs 102 per share.

Despite a strong subscription during the bidding phase, the listing did not mirror the enthusiasm seen earlier. The IPO was subscribed nearly 4 times during its three-day offer period (August 11–13), with allotments finalized on August 14.

Company Details

Icodex Publishing Solutions is a Pune-headquartered firm specializing in software services for the publishing industry.

• IPO Proceeds Utilization:
  • Purchase of new office space
  • Investment in hardware
  • Working capital needs
  • General corporate purposes

The issue was managed by Indcap Advisors as the lead manager.

Summary of the Article

• Listing Price: Rs 81.60 on BSE SME
• IPO Price: Rs 102 per share (20% discount at debut)
• Fund Raised: Rs 42 crore via fresh issue
• Shares Issued: 41.21 lakh equity shares
• IPO Subscription: Nearly 4 times during bidding window
• Company Focus: Software services for publishing sector

The weaker-than-expected debut highlights cautious investor sentiment despite strong IPO participation.