Icon Facilitators Limited, a technical facilities management services provider in North India, announced that its initial public offering (IPO) will open for subscription on Tuesday, June 24, 2025. The issue will open on Tuesday, June 24, 2025 and will conclude on Thursday, June 26, 2025. The company intends to raise ?19.11 crore from the offering and aims to be listed on the BSE SME platform. The price band for the issue has been fixed at ?85 - ?91 per share, and the lot size will be 1,200 equity shares.
Khambatta Securities Limited is the sole Book Running Lead Manager to the Issue, and Maashitla Securities Private Limited is the Registrar.
The IPO will comprise a fresh issue of 21 Lakh Equity Shares with a face value of ?10/- through the book-building route. As many as 1,05,600 equity shares have been reserved for the market maker, 9,46,800 equity shares allocated for the HNI portion, 1,00,800 equity shares for net QIB, and the Retail (RII) portion accounts for 9,46,800 equity shares.
According to the RHP, Icon Facilitators Limited intends to utilise ?16 crore of the total IPO proceeds towards working capital requirements and plans to use the remaining capital for general corporate purposes.
Icon Facilitators Limited primarily provides technical facilities management services, such as Electrical Services, Captive Power Services, STP/ETP and Water Treatment, HVAC Services, Building Management Services (BMS), Fire & Safety Equipment, Elevators Escalators Operations & Maintenance and Annual Maintenance contract of E & M Equipment.
The Company has recently taken up a project for the public sector company NBCC (India) Limited, situated at Delhi. Having a major presence in Haryana, Uttar Pradesh and Delhi with 68, 34 and 22 sites, respectively, the company also operates in other states, including Rajasthan, with 04 sites, Punjab, and Himachal Pradesh, with 01 site each. Icon Facilitators has recently opened a new office in Bengaluru as part of its strategic expansion into the southern region of the country and anticipates significant business growth in the region. The company has managed an area of 120 million Sq. Ft, 108 million Sq. Ft, and 100 million Sq. Ft, in the fiscal year 2025, 2024 and 2023 respectively, demonstrating its growing presence and commitment to delivering comprehensive facility solutions.
Icon Facilitators Limited is promoted by a mechanical engineer turned entrepreneur, Mr. Dinesh Makhija. With over 20 years of experience in the technical facility management industry, he has been instrumental in determining the vision and growth strategies for the company. Mr. Makhija is actively involved in day-to-day operational needs, legal and compliance-related issues and overall corporate strategy and planning, which is instrumental in the company's growth. The company has employed 1,955 employees as on May 15, 2025 and 2,030 employees as on March 31, 2025, many of them with significant technical backgrounds and domain expertise in each of the industry verticals.
Icon Facilitators Limited has recorded ?58.06 crore in revenue from operations with a profit (PAT) of ?4.47 crore in the fiscal year 2025, compared with ?49.84 crore and a profit (PAT) of ?1.76 crore in FY24. |
