Comparison between FFS Defence Engineering IPO and Icodex Publishing Solutions IPO.
FFS Defence Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Icodex Publishing Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Inventure Merchant Banker Services Pvt.Ltd. | Indcap Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of FFS Defence Engineering IPO is up to ₹28.60 Cr whereas the issue size of the Icodex Publishing Solutions IPO is up to ₹39.93 Cr. The final issue price of FFS Defence Engineering IPO is ₹80.00 per share and of Icodex Publishing Solutions IPO is ₹102.00 per share.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹98.00 per share | |
| Issue Price (Upper) | ₹102.00 per share | |
| Issue Price (Final) | ₹80.00 per share | ₹102.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 35,74,400 shares | 31,89,600 shares |
| Fresh Issue Size (Amount) | up to ₹28.60 Cr | up to ₹32.53 Cr |
| OFS Issue Size | 0 shares | 7,24,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.39 Cr |
| Issue Size Total | 35,74,400 shares | 39,14,400 shares |
| Issue Size Total (Amount) | up to ₹28.60 Cr | up to ₹39.93 Cr |
FFS Defence Engineering IPO opens on , while Icodex Publishing Solutions IPO opens on Aug 11, 2025. The closing date of FFS Defence Engineering IPO and Icodex Publishing Solutions IPO is , and Aug 13, 2025, respectively.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Aug 11, 2025 | |
| Issue Close | Aug 13, 2025 | |
| Basis Of Allotment (Tentative) | Aug 14, 2025 | |
| Initiation of Refunds (Tentative) | Aug 18, 2025 | |
| Credit of Share (Tentative) | Aug 18, 2025 | |
| Listing date (Tentative) | Aug 19, 2025 | |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
FFS Defence Engineering IPO P/E ratio is , as compared to Icodex Publishing Solutions IPO P/E ratio of 13.94.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)Icodex Publishing Solutions Ltd.'s revenue increased by 101% and profit after tax (PAT) rose by 104% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 30 | 88.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 22.1 | 64.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹159.50 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.63% | 47.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 7.27% | 110.07% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.41 | 0.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.63% | 47.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the FFS Defence Engineering IPO Retail Individual Investors (RII) are offered while in Icodex Publishing Solutions IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in FFS Defence Engineering IPO and 1,08,000 shares in Icodex Publishing Solutions IPO.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,79,200 shares | 2,06,400 shares |
| QIB | 1,08,000 shares | |
| NII | 19,03,200 shares | |
| RII | 19,03,200 shares | |
| Employee | 0 shares | |
| Others | ||
| Total | 39,14,400 shares |
FFS Defence Engineering IPO subscribed in total, whereas Icodex Publishing Solutions IPO subscribed 3.95x.
| FFS Defence Engineering IPO | Icodex Publishing Solutions IPO | |
|---|---|---|
| QIB (times) | 33.08x | |
| NII (times) | 1.58x | |
| Big NII (times) | 1.84x | |
| Small NII (times) | 1.68x | |
| RII (times) | 4.67x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.95x |
