Icon Facilitators Eyes ₹19.11 Crore Growth with Upcoming SME IPO
Integrated facilities management company, Icon Facilitators Limited, has announced its Initial Public Offering (IPO) on the BSE SME platform, aiming to raise ₹19.11 crore. The public issue is scheduled to open for subscription on Tuesday, June 24, 2025, and will conclude on Thursday, June 26, 2025.
Established in 2002, Icon Facilitators has carved a niche for itself by providing a comprehensive suite of integrated technical services across India. The company specializes in both hard services, such as HVAC, electrical management, and fire safety, and soft services like housekeeping and pest control. Primarily operating in Northern India across 127 sites, the company is now expanding its footprint into the southern market, with a new operational base in Bengaluru.
Icon Facilitators IPO Objective
The IPO consists entirely of a fresh issue of 21 lakh equity shares. The funds raised will be primarily allocated towards fulfilling the company’s working capital requirements, with an expected amount of ₹16.00 crore earmarked for this purpose. The remaining proceeds will be utilized for general corporate purposes.
Icon Facilitators IPO Price-band & Lot Size
Investors can bid for the shares within a price band of ₹85 to ₹91 per share. For retail investors, the minimum lot size is 1,200 shares, translating to an investment of ₹1,09,200 at the upper price band. High Net-worth Individuals (HNIs) are required to apply for a minimum of two lots, totaling 2,400 shares for an investment of ₹2,18,400.
Icon Facilitators Financial
The company has demonstrated robust financial growth. For the fiscal year ending March 31, 2025, Icon Facilitators reported a significant 154% increase in profit after tax (PAT), which stood at ₹4.47 crore, compared to ₹1.76 crore in the preceding fiscal year. The company’s revenue also saw a healthy 16% rise to ₹58.07 crore in FY25 from ₹49.85 crore in FY24. Notably, the company reports being debt-free.
Icon Facilitators Promoters
The promoters of the company, Mr. Dinesh Makhija and Ms. Pooja Makhija, currently hold a 95.65% stake.
Icon Facilitators IPO Reservation
Out of the total shares offered, 5.03% are reserved for the market maker. The allocation for Qualified Institutional Buyers (QIB) stands at 4.80%, while Non-Institutional Investors (NII) and Retail Individual Investors (RII) have been allocated 45.09% each.
Icon Facilitators IPO Tentative Timeline
The allotment of shares for the Icon Facilitators IPO is expected to be finalized on Friday, June 27, 2025. The shares are tentatively scheduled to be listed on the BSE SME exchange on Tuesday, July 1, 2025.
Icon Facilitators IPO Lead Manager & Registrar
Khambatta Securities Limited is the book-running lead manager for the issue, with Maashitla Securities Private Limited serving as the registrar.
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