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Icodex Publishing Solutions IPO vs Saffron Speciality Papers IPO

Comparison between Icodex Publishing Solutions IPO and Saffron Speciality Papers IPO.

IPO Details

Icodex Publishing Solutions IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Saffron Speciality Papers IPO is a SME Bookbuilding proposed to list at BSE SME.

 Icodex Publishing Solutions IPOSaffron Speciality Papers IPO
LogoIcodex Publishing Solutions IPO LogoSaffron Speciality Papers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersIndcap Advisors Pvt.Ltd.BOI Merchant Bankers Ltd.
RegistrarCameo Corporate Services Ltd.NSDL Database Management Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Icodex Publishing Solutions IPO is up to ₹39.93 Cr whereas the issue size of the Saffron Speciality Papers IPO is up to ₹0.00 Cr. The final issue price of Icodex Publishing Solutions IPO is ₹102.00 per share and of Saffron Speciality Papers IPO is .

 Icodex Publishing Solutions IPOSaffron Speciality Papers 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)₹102.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size31,89,600 shares54,00,000 shares
Fresh Issue Size (Amount)up to ₹32.53 Crup to ₹0.00 Cr
OFS Issue Size7,24,800 shares0 shares
OFS Issue Size (Amount)up to ₹7.39 Crup to ₹0.00 Cr
Issue Size Total39,14,400 shares0 shares
Issue Size Total (Amount)up to ₹39.93 Crup to ₹0.00 Cr

IPO Timetable

Icodex Publishing Solutions IPO opens on Aug 11, 2025, while Saffron Speciality Papers IPO opens on . The closing date of Icodex Publishing Solutions IPO and Saffron Speciality Papers IPO is Aug 13, 2025, and , respectively.

 Icodex Publishing Solutions IPOSaffron Speciality Papers IPO
Anchor Bid Date
Issue OpenAug 11, 2025
Issue CloseAug 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

Financials & KPIs

Icodex Publishing Solutions IPO P/E ratio is 13.94, as compared to Saffron Speciality Papers IPO P/E ratio of .

 Icodex Publishing Solutions IPOSaffron Speciality Papers IPO
FinancialsEBITDA

Saffron Speciality Papers Limited Financial Information (Restated)

Period Ended31 Aug 202431 Mar 202431 Mar 202331 Mar 2022
Assets156.64121.3476.7560.2
Total Income96.52190.9132.57120.38
Profit After Tax5.765.81-0.020.8
Net Worth26.5517.710.8610.9
Reserves and Surplus11.125.359.79.74
Total Borrowing112.5590.1455.8841.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)88.2489.41
Promoter Shareholding (Post-Issue)64.46
P/E Ratio13.94
Market Cap₹159.50 Cr.
ROE47.51%32.84%
ROCE110.07%21.91%
Debt/Equity0.165.89
EPS₹7.32
RoNW47.02%32.84%

Shares Offered

In the Icodex Publishing Solutions IPO Retail Individual Investors (RII) are offered 19,03,200 shares while in Saffron Speciality Papers IPO retail investors are offered 19,03,200 shares. Qualified Institutional Buyers (QIB) are offered 1,08,000 shares in Icodex Publishing Solutions IPO and in Saffron Speciality Papers IPO.

 Icodex Publishing Solutions IPOSaffron Speciality Papers IPO
Anchor Investor Reserveration
Market Maker Reserveration2,06,400 shares
QIB1,08,000 shares
NII19,03,200 shares
RII19,03,200 shares
Employee0 shares
Others
Total39,14,400 shares

Bids Received (Subscription)

Icodex Publishing Solutions IPO subscribed 3.95x in total, whereas Saffron Speciality Papers IPO subscribed .

 Icodex Publishing Solutions IPOSaffron Speciality Papers 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