Icodex Publishing Solutions IPO Subscribed 3.95x on Day 3 | QIBs Surge 33x

Icodex Publishing Solutions Limited's initial public offering (IPO) has demonstrated good investor interest through its third and final day of subscription, with Icodex Publishing Solutions' stock price set at ₹98-102 per share, reflecting solid market reception. The ₹42.03 crore IPO reached 3.95 times by 5:04:35 PM on day three, indicating good investor interest in this software publishing solutions company incorporated in 2018.

Icodex Publishing Solutions IPO qualified institutional buyers (ex-anchor) segment leads with an exceptional 33.08 times subscription, whilst individual investors demonstrate good participation at 4.67 times, and non-institutional investors show modest interest at 1.58 times, whilst market maker shows complete participation at 1.00 times, reflecting good investor confidence in this company.

Icodex Publishing Solutions IPO subscription reached a good 3.95 times on day three, led by Qualified Institutional Buyers Ex-Anchor (33.08x), Individual Investors (4.67x), and Non-Institutional Investors (1.58x). Total applications reached 4,105.

Subscription Status of Icodex Publishing Solutions IPO:

Here are the subscription details for Icodex Publishing Solutions IPO as of Day 3 (August 13, 2025, 5:04:35 PM):

Icodex Publishing Solutions IPO Reservation

Key Highlights - Day 3:

• Overall subscription reached 3.95 times, a significant improvement from day two's 0.89 times.
• Qualified institutional buyers (ex-anchor) showing exceptional performance at 33.08 times, building dramatically from day two's 1.00 times.
• Individual investors displayed good confidence at 4.67 times, building substantially from day two's 1.13 times.
• bNII category demonstrating modest participation at 1.84 times, building moderately from day two's 0.98 times.
• sNII segment is showing modest interest at 1.68 times, building substantially from day two's 0.28 times.
• Non-institutional investors category is showing modest growth at 1.58 times, building moderately from day two's 0.64 times.
• Total applications reached 4,105, indicating good investor participation for this SME IPO.
• Cumulative bid amount reached ₹157.80 crores against the issue size of ₹42.03 crores.

Icodex Publishing Solutions IPO - Day 2 Subscription at 0.89 Times

Key Highlights - Day 2:

• Overall subscription reaching 0.89 times, showing improvement from day one's 0.41 times.
• Individual investors showed moderate growth at 1.13 times, building substantially from day one's 0.33 times.
• Qualified institutional buyers (ex-anchor) maintaining stable performance at 1.00 times, unchanged from day one's 1.00 times.
• bNII category demonstrating modest performance at 0.98 times, building moderately from day one's 0.75 times.
• Non-institutional investors category is displaying improvement at 0.64 times, building notably from day one's 0.45 times.
• sNII segment is showing modest participation at 0.28 times, building substantially from day one's 0.09 times.

Icodex Publishing Solutions IPO - Day 1 Subscription at 0.41 Times

Key Highlights - Day 1:

• Overall subscription reached 0.41 times, showing modest initial investor interest.
• Qualified institutional buyers (ex-anchor) showing good performance at 1.00 times, indicating solid institutional appetite.
• bNII category demonstrating moderate performance at 0.75 times, showing measured larger HNI interest.
• Non-institutional investors are showing modest performance at 0.45 times, demonstrating cautious HNI appetite.
• Individual investors are displaying modest interest at 0.33 times, showing cautious retail sentiment.
• sNII segment is showing limited interest at 0.09 times, indicating restrained smaller HNI participation.

About Icodex Publishing Solutions Limited

Incorporated in 2018, Icodex Publishing Solutions Limited is an Indian software publishing solutions company engaged in software product development for scholarly publishing, business process management services, and application support, specialising in automation tools, ERP management and IT services for the global publishing industry with comprehensive end-to-end publishing solutions.