The Icon Facilitators IPO is scheduled to open on June 24, 2025 (Tuesday) and will close on June 26, 2025 (Thursday). The allotment is likely to be finalized on June 27, 2025 (Friday), while refunds and credit of shares to demat accounts are expected on June 30, 2025 (Monday). The IPO is set to list on the BSE SME platform on July 1, 2025 (Tuesday).
Icon Facilitators IPO is a book-built issue worth around ₹19.11 crores, consisting entirely of a fresh issue of 21.00 lakh equity shares. The company has fixed a price band of ₹85 to ₹91 per share. Investors can apply for a minimum lot of 1,200 shares, which will require an investment of ₹1,02,000 at the lower price band and up to ₹1,09,200 at the upper band. High net-worth individuals (HNIs) need to apply for at least 2 lots (2,400 shares), costing around ₹2,18,400 at the upper price.
The retail investor quota is 35%, QIB quota is 50%, and HNI quota is 15%. The company plans to raise funds to support its growth, and based on its 2025 financials, which show a rise in revenue to ₹58.07 crores and a net profit of ₹4.47 crores, long-term investors may consider this IPO as a strong opportunity.
Overview of Contents
About Icon Facilitators IPO
Icon Facilitators Limited, incorporated in 2002, is one of the prominent names in India’s facilities management sector, especially known for providing technical facilities management services across the country. Headquartered in North India, the company actively operates in regions like Haryana, Uttar Pradesh, and Delhi, managing 72, 37, and 18 sites respectively. They have also recently expanded into Bengaluru to strengthen their footprint in South India, with operations led by Mr. Basil Arun Keelor.
The company delivers a wide range of integrated facility management services, including electrical system management, HVAC operations, captive diesel power generation, water treatment (STP/ETP), and fire and safety equipment maintenance. Icon Facilitators also offers both soft services like housekeeping and pest control, and hard services such as building operations and technical equipment management.
As of May 15, 2025, the company has a strong workforce of 1,955 employees. Icon Facilitators is led by Mr. Dinesh Makhija, a seasoned Mechanical Engineer with over 25 years of experience in this field. The company is known for its commitment to quality, carrying out regular audits and embedding a strong quality culture throughout its processes. Their long-standing client relationships, experienced leadership, and consistent financial performance make Icon Facilitators a strong player in the facilities management industry with a scalable and efficient business model.
Icon Facilitators IPO Overview
| IPO Details | Information |
|---|---|
| Face Value | ₹10 per equity share |
| Price Band | ₹85 to ₹91 per share |
| Lot Size | 1,200 shares |
| Issue Size | ₹19.11 Crores (Total 21,00,000 shares) |
| Fresh Issue | ₹18.15 Crores (19,94,400 shares) |
| Reserved for Market Maker | 1,05,600 shares (₹0.96 Crores) |
| Net Issue to Public | ₹18.15 Crores (19,94,400 shares) |
| Issue Type | Book Build Issue |
| Listing Exchange | BSE SME |
| Retail Quota | Not more than 35% |
| QIB Quota | Not more than 50% |
| NII Quota | Not more than 15% |
| Pre-Issue Shareholding | 57,59,600 shares |
| Post-Issue Shareholding | 78,59,600 shares |
| Lead Manager | Nikunj Stock Brokers Limited |
Icon Facilitators IPO Prospectus
| DRHP | Click here |
| RHP | Click here |
Icon Facilitators IPO Dates
| Event | Date & Day |
|---|---|
| IPO Open Date | June 24, 2025 (Tuesday) |
| IPO Close Date | June 26, 2025 (Thursday) |
| Basis of Allotment | June 27, 2025 (Friday) |
| Refunds Initiation | June 30, 2025 (Monday) |
| Credit to Demat Account | June 30, 2025 (Monday) |
| IPO Listing Date | July 1, 2025 (Tuesday) |
Icon Facilitators IPO Lot Size
Investors looking to apply for the Icon Facilitators IPO can bid for a minimum of 1,200 shares and in multiples of 1,200 thereafter. Retail investors are allowed to apply for just 1 lot, while High Net-worth Individuals (HNIs) can apply for at least 2 lots. Below is the lot size and investment breakup:
| Category | Lots | Shares | Amount (Approx) |
|---|---|---|---|
| Retail (Min & Max) | 1 | 1,200 | ₹1,09,200 |
| HNI (Min) | 2 | 2,400 | ₹2,18,400 |
Icon Facilitators IPO Promoter Holding
Mr. Dinesh Makhija and Ms. Pooja Makhija are the promoters of Icon Facilitators Limited. Before the IPO, the promoters held 95.65% of the company’s shares, which will reduce to 70.09% after the issue. This reflects promoter confidence while allowing room for public participation.
Icon Facilitators IPO Financial Performance
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 23.95 | 17.66 | 14.93 |
| Revenue | 58.07 | 49.85 | 42.96 |
| Profit After Tax | 4.47 | 1.76 | 1.92 |
| EBITDA | 6.55 | 2.89 | 3.12 |
| Net Worth | 12.69 | 5.95 | 4.19 |
| Reserves & Surplus | 6.93 | 5.94 | 4.18 |
| Total Borrowing | 0.00 | 0.00 | 0.00 |
Objects of the Issue
- Working Capital Requirement
- General Corporate Purpose
Peer Group Comparison
| ompany | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Updater Services Limited | 17.74 | 17.73 | 12.33% | 144.07 | 2,771.73 Cr. |
| Krystal Integrated Services Limited | 44.61 | 13.85 | 14.30% | 312.92 | 1,229.28 Cr. |
| Rithwik Facility Management Services Limited | 11.44 | 14.23 | 14.67% | 77.98 | 42.72 Cr. |
Icon Facilitators IPO Valuation – FY2025
| KPI | Value |
|---|---|
| ROE | 35.23% |
| ROCE | 37.09% |
| EBITDA Margin | 11.28% |
| PAT Margin | 7.70% |
| Debt to Equity Ratio | 0.35 |
| Earnings Per Share (EPS) | ₹7.91 (Basic) |
| Price/Earnings (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 35.23% |
| Net Asset Value (NAV) | ₹22.47 |
Icon Facilitators IPO Review
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Icon Facilitators IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: [email protected]
Website: https://maashitla.com/allotment-status/public-issues
IPO Lead Managers aka Merchant Bankers
- Khambatta Securities Limited
Company Address
Icon Facilitators Limited
C-28,
2nd Floor Community Centre,
Janakpuri
New Delhi, New Delhi, 110058
Phone: +91-9625930130
Email: [email protected]
Website: http://www.iconf.in/
Icon Facilitators IPO FAQs
What are the Icon Facilitators IPO open and close dates?
The IPO is scheduled to open on June 24, 2025 (Tuesday) and close on June 26, 2025 (Thursday).
What is the price band of the Icon Facilitators IPO?
The price band is fixed at ₹85 to ₹91 per equity share.
What is the minimum lot size and investment required?
Investors can apply for a minimum of 1 lot (1,200 shares), amounting to ₹1,09,200.
What is the total issue size of the IPO?
The IPO comprises a fresh issue of 21,00,000 shares, aggregating up to ₹19.11 crores.
When will Icon Facilitators IPO allotment and listing take place?
- Allotment Date: June 27, 2025 (Friday)
- Listing Date: July 1, 2025 (Tuesday), on BSE SME.
Who are the promoters of Icon Facilitators?
The promoters are Mr. Dinesh Makhija and Ms. Pooja Makhija.