Indogulf Cropsciences Limited IPO...
26 Jun, 2025
Icon Facilitators Limited IPO
Icon Facilitators Limited has launched its initial public offering (IPO) with a price band fixed between Rs 85 and Rs 91 per share. Subscriptions for the IPO begin on June 24 and end on June 26, 2025. Through this IPO, which comprises a new offering of 21 lakh equity shares, the business hopes to raise 19.11 crore. The shares will be listed on the BSE SME platform since it's an SME IPO. 1,200 equity shares make up the IPO lot size
Company Background
Icon Facilitators Limited was originally incorporated as a private limited company in September 2013 and converted into a public limited company in June 2024. The primary operation of the company is in North India and serves regions like Delhi, Haryana, Uttar Pradesh, Punjab, Rajasthan and Himachal Pradesh. The company works in facility management that offers integrated technical services across India. These services include electrical system management, water treatment, fire and safety equipment maintenance, HVAC and many more.
Operations & Product Range
Facility & Production:
Icon Facilitators provides a comprehensive suite of technical facility management services, including electrical services, captive power management, HVAC maintenance, water treatment (STP/ETP), building management services, fire and safety equipment servicing and maintenance of elevators and escalators. The company operates mainly in commercial, retail, industrial and residential sectors.
Brands & Market Presence:
The company is mainly present in North India, with a strong presence while maintaining long-lasting relationships with its prestigious clients. The company currently has 127 sites where it operates in North India and currently expanded to Bengaluru for further growth. Its growth strategy focuses on expanding geographic reach, improving operational efficiency and leveraging technology to deliver scalable facility management solutions.
Revenue Channels
Icon Facilitators generates revenue primarily from facility management contracts across various sectors. Its services include annual maintenance contracts and technical management services, which contribute to steady recurring income. The company’s revenue for FY24 stood at Rs 49.84 crore, showing consistent growth over previous years.
Management & Shareholding
Mr. Dinesh Makhija and Ms. Pooja Makhija are the promoters of the company. However, the company’s board and management team oversee operations with a focus on growth and compliance. Khambatta Securities Limited is the sole Book Running Lead Manager for the IPO and Maashitla Securities Private Limited is the registrar. If we talk about the shareholding, then before the IPO, it was 95.65% in promoters' hands, further decreasing to 70.09% after the IPO.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Icon Facilitators Limited IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Icon Facilitators Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 24, 2025 to June 26, 2025 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹91 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 21,00,000 shares (aggregating up to ₹19.11 Cr) |
| Reserved for Market Maker | 1,05,600 shares (aggregating up to ₹0.96 Cr) |
| Net Offered to Public | 19,94,400 shares (aggregating up to ₹18.15 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 57,59,600 shares |
| Share Holding Post Issue | 78,59,600 shares |
Icon Facilitators Limited IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Jun 24, 2025 |
| IPO Close Date | Thu, Jun 26, 2025 |
| Tentative Allotment | Fri, Jun 27, 2025 |
| Initiation of Refunds | Mon, Jun 30, 2025 |
| Credit of Shares to Demat | Mon, Jun 30, 2025 |
| Tentative Listing Date | Tue, Jul 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 26, 2025 |
Icon Facilitators Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹1,09,200 |
| Retail (Max) | 1 | 1200 | ₹1,09,200 |
| HNI (Min) | 2 | 2400 | ₹2,18,400 |
Icon Facilitators Limited IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 95.65% | 70.09% |
Competitive Strength:
- ● The company has an established presence in North India with a diversified client base
- ● Comprehensive technical facility management services portfolio
- ● Experienced workforce and operational footprint across multiple sites
- ● Consistent revenue growth and improving financial metrics such as RoE (~29.63% in FY24)
- ● Strategic focus on expanding capacity and leveraging technology for operational efficiency.
Icon Facilitators Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31-Mar-25 | 23.95 | 58.07 | 4.47 | 12.69 | 0 | |||||||||||||||||||||||||||||||||||
| 31-Mar-24 | 17.66 | 49.85 | 1.76 | 5.95 | 0 | |||||||||||||||||||||||||||||||||||
| 31-Mar-23 | 14.93 | 42.96 | 1.92 | 4.19 | 0 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 35.23% |
| ROCE | 37.09% |
| Debt/Equity | 0.35 |
| RoNW | 35.23% |
| PAT Margin | 7.70% |
| EBITDA Margin | 11.28% |
| Price to Book Value | 4.05 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.76 | 5.69 |
| P/E (x) | 11.72 | 16 |
The company intends to use the Rs 19.11 crore raised from the IPO mainly for:
-
The company intends to use the IPO proceeds to:
- ● Rs 16 crore towards working capital requirements including employee benefits, statutory dues and operational expenses associated with new and existing contracts
- ● The remaining funds will be used for general corporate purposes such as brand development, administrative costs and strategic initiatives
- ● Enhancing financial flexibility to pursue new business opportunities, especially in government and large infrastructure projects
- ● Improving corporate visibility and governance by listing on the BSE SME platform.
Conclusion
Icon Facilitators Limited’s IPO offers investors an opportunity to participate in a growing technical facilities management company with a strong regional presence and diversified service offerings. The fresh capital will support the company’s expansion plans and operational needs, positioning it for sustained growth in India’s evolving infrastructure and facility management market.
RHP:
DRHP:
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Frequently asked Questions (FAQs )
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1. When are the IPO dates for Icon Facilitators Limited?
The IPO is opening on June 24, 2025 and closes on June 26, 2025.
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2. What is the price band for the IPO?
The price band is fixed between Rs 85 and Rs 91 per share.
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3. How many shares are being offered in the IPO?
The IPO comprises a fresh issue of 21 lakh equity shares.
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4. On which stock exchange will Icon Facilitators be listed?
The company will be listed on the BSE SME platform.
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5. What is the minimum lot size for the application?
The minimum lot size is 1,200 equity shares.
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6. What are the main objectives of the IPO?
To raise funds primarily for working capital requirements, general corporate purposes and to enhance financial flexibility for growth.
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7. Who is managing the IPO?
Khambatta Securities Limited is the sole Book Running Lead Manager and Maashitla Securities Private Limited is the registrar.
