Icodex Publishing Solutions SME IPO Subscription Status
Icodex Publishing Solutions SME IPO closed on 13 August 2025 with an overall subscription of 3.95x based on shares applied. QIB demand came in at 33.08x, NII at 1.58x, and retail at 4.65x.
Allotment will be finalised on 14 August 2025. The stock is scheduled to list on NSE and BSE on 19 August 2025.
Issue Price
Rs 102.00
GMP Today
Rs 14.00 (+13.73%)
Overall Subscription
3.95x
Issue Size
₹39.93 Cr
Allotment Date
14 Aug 2025
Listing Date
19 Aug 2025
Icodex Publishing Solutions SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 102.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 1.10 Cr | Rs 36.44 Cr | 33.08x |
| NII | Rs 19.41 Cr | Rs 30.73 Cr | 1.58x |
| sNII (Rs 2L to Rs 10L) | Rs 6.47 Cr | Rs 10.84 Cr | 1.68x |
| bNII (above Rs 10L) | Rs 10.84 Cr | Rs 19.89 Cr | 1.84x |
| IND | Rs 19.41 Cr | Rs 90.31 Cr | 4.65x |
| Total | Rs 39.93 Cr | Rs 157.48 Cr | 3.94x |
Icodex Publishing Solutions SME IPO Subscription by Shares
Category-wise subscription based on shares bid. Application-wise bid counts are not available for this IPO yet.
| Category | Shares Offered | Shares Bid | Subscription |
|---|---|---|---|
| QIB | 1,08,000 | 35,72,400 | 33.08x |
| NII | 19,03,200 | 30,13,200 | 1.58x |
| sNII (Rs 2L to Rs 10L) | 6,34,400 | 10,63,200 | 1.68x |
| bNII (above Rs 10L) | 10,62,400 | 19,50,000 | 1.84x |
| IND | 19,03,200 | 88,53,600 | 4.65x |
| Total | 39,14,400 | 1,54,39,200 | 3.94x |
What Do These Subscription Numbers Mean?
A subscription of 3.95x by shares means the IPO received bids for 4 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 33.08x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 33.08x, it reflects serious institutional conviction.
NII at 1.58x by shares: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription.
Retail at 4.65x by shares: Allotment is by lottery, but application-wise data is needed for accurate 1-in-X odds. Share oversubscription often overstates how hard allotment is.
Icodex Publishing Solutions SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Share subscription: 4.65x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Share subscription: 1.68x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
BHNI (above Rs 10 lakh)
- •Share subscription: 1.84x (application-wise data pending).
- •Allotment odds will be updated once application subscription is synced.
Check the Icodex Publishing Solutions SME IPO Allotment Status page from 14 August 2025 for your allotment result.
Icodex Publishing Solutions SME IPO GMP After Subscription
GMP for Icodex Publishing Solutions SME stands at Rs 14.00 today, giving an estimated listing price of Rs 116.00 per share.
A subscription of 3.95x combined with a GMP of 13.73% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Icodex Publishing Solutions SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Icodex Publishing Solutions SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 11 Aug 2025 | 1.00x | 0.45x | 0.33x | 0.41x |
| Day 2 - 12 Aug 2025 | 1.00x | 0.64x | 1.13x | 0.89x |
| Day 3 - 13 Aug 2025 | 33.08x | 1.58x | 4.65x | 3.94x |
Icodex Publishing Solutions SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 11 August 2025 |
| IPO Close Date | 13 August 2025 |
| Allotment Date | 14 August 2025 |
| Refund Initiation | 15 August 2025 |
| Share Credit to Demat | 15 August 2025 |
| Listing Date | 19 August 2025 |
| Minimum Investment | Rs 2,44,800.00 |
| Lot Size | 1200 shares |
About Icodex Publishing Solutions SME
Icodex Publishing Solutions Limited is a software development and Business Process Management (BPM) company that provides end-to-end solutions for the scholarly and academic publishing industry. The company specializes in developing publishing products and software that streamline the entire publishing workflow, from manuscript preparation to print and digital content distribution. Its services include software development for the publishing and other industries, business process management for the publishing industry (e.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Icodex Publishing Solutions SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Icodex Publishing Solutions SME IPO Allotment Status
Check allotment result on allotment date
Icodex Publishing Solutions SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Icodex Publishing Solutions SME IPO Subscription FAQs
What is Icodex Publishing Solutions SME IPO subscription status today?
Icodex Publishing Solutions SME IPO subscription closed on 13 August 2025 with overall subscription of 3.95x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 33.08x, NII 1.58x, IND 4.65x.
What is the overall subscription of Icodex Publishing Solutions SME IPO?
Icodex Publishing Solutions SME IPO is subscribed 3.95x overall by shares at close on 13 August 2025. QIB 33.08x, NII 1.58x, and IND 4.65x.
What is Icodex Publishing Solutions SME IPO QIB subscription?
Icodex Publishing Solutions SME IPO QIB (Qualified Institutional Buyers) subscription is 33.08x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Icodex Publishing Solutions SME IPO IND subscription?
Icodex Publishing Solutions SME IPO IND subscription is 4.65x by shares. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Icodex Publishing Solutions SME IPO NII subscription?
Icodex Publishing Solutions SME IPO NII (Non-Institutional Investors) subscription is 1.58x by shares. NII covers bids above Rs 2 lakh.
What are allotment chances in Icodex Publishing Solutions SME IPO for retail?
Icodex Publishing Solutions SME IPO retail share subscription is 4.65x. Application-wise data is needed for accurate lottery odds.
When is Icodex Publishing Solutions SME IPO allotment date?
Icodex Publishing Solutions SME IPO allotment date is 14 August 2025. Check Icodex Publishing Solutions SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Icodex Publishing Solutions SME IPO subscription close?
Icodex Publishing Solutions SME IPO subscription closed on 13 August 2025. No new applications are accepted after the close.
What is Icodex Publishing Solutions SME IPO GMP today?
Icodex Publishing Solutions SME IPO GMP is ₹14 today (+13.73% over issue price ₹102). See live GMP on the Icodex Publishing Solutions SME IPO GMP Today page.
What is Icodex Publishing Solutions SME IPO issue price and lot size?
Icodex Publishing Solutions SME IPO issue price is ₹102 per share. Lot size is 1200 shares. Minimum investment is ₹2,44,800 per lot (minimum 2 lots for SME). Issue size: ₹39.93 Cr.
When is Icodex Publishing Solutions SME IPO listing date?
Icodex Publishing Solutions SME IPO listing date is 19 August 2025 on NSE and BSE. Allotment is on 14 August 2025.
How does subscription affect Icodex Publishing Solutions SME IPO allotment?
Allotment odds in Icodex Publishing Solutions SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII uses proportional allotment by applications. At 3.95x overall, competition is moderate.
For allotment results from 14 August 2025, visit the Icodex Publishing Solutions SME IPO Allotment Status page. For listing day updates on 19 August 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.