Comparison between Icodex Publishing Solutions IPO and Shining Tools IPO.
Icodex Publishing Solutions IPO is a SME Fixed Price IPO proposed to list at BSE SME while Shining Tools IPO is a SME Fixed Price proposed to list at BSE SME.
| Icodex Publishing Solutions IPO | Shining Tools IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Indcap Advisors Pvt.Ltd. | Sobhagya Capital Options Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Accurate Securities & Registry Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Icodex Publishing Solutions IPO is up to ₹39.93 Cr whereas the issue size of the Shining Tools IPO is up to ₹0.00 Cr. The final issue price of Icodex Publishing Solutions IPO is ₹102.00 per share and of Shining Tools IPO is .
| Icodex Publishing Solutions IPO | Shining Tools 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 Size | 1200 shares | |
| Fresh Issue Size | 31,89,600 shares | 15,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹32.53 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 7,24,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.39 Cr | up to ₹0.00 Cr |
| Issue Size Total | 39,14,400 shares | 15,00,000 shares |
| Issue Size Total (Amount) | up to ₹39.93 Cr | up to ₹0.00 Cr |
Icodex Publishing Solutions IPO opens on Aug 11, 2025, while Shining Tools IPO opens on . The closing date of Icodex Publishing Solutions IPO and Shining Tools IPO is Aug 13, 2025, and , respectively.
| Icodex Publishing Solutions IPO | Shining Tools 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 |
Icodex Publishing Solutions IPO P/E ratio is 13.94, as compared to Shining Tools IPO P/E ratio of .
| Icodex Publishing Solutions IPO | Shining Tools IPO | ||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | EBITDA | Shining Tools Limited Financial Information (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 96.18 | |||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.46 | 70.68 | |||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.94 | ||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹159.50 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 47.51% | 56.08% | |||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 110.07% | 26.64% | |||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.16 | 2.10 | |||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.32 | ||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 47.02% | 43.80% | |||||||||||||||||||||||||||||||||||||||||||||
In the Icodex Publishing Solutions IPO Retail Individual Investors (RII) are offered 19,03,200 shares while in Shining Tools 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 Shining Tools IPO.
| Icodex Publishing Solutions IPO | Shining Tools IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 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 |
Icodex Publishing Solutions IPO subscribed 3.95x in total, whereas Shining Tools IPO subscribed .
| Icodex Publishing Solutions IPO | Shining Tools 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 |
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