Icon Facilitators IPO

About Icon Facilitators IPO

Icon Facilitators IPO is a book-built issue worth ₹18.15 crore. The IPO consists entirely of a fresh issue of 19.94 lakh equity shares. The IPO opens for subscription on June 24, 2025, and closes on June 26, 2025. The allotment is expected to be finalised on June 27, 2025, with tentative listing on BSE SME scheduled for July 1, 2025.

The IPO is priced in a band of ₹85 – ₹91 per share. Retail investors must apply for a minimum of 1 lot comprising 1200 shares, requiring an investment of ₹1,09,200 at the cutoff price. HNI investors must apply for a minimum of 2 lots (2400 shares), amounting to ₹2,18,400.

Khambatta Securities Limited is the book-running lead manager to the issue, and Maashitla Securities Private Limited is the registrar. The market maker for Icon Facilitators IPO is Nikunj Stock Brokers Limited.

For detailed information on company financials, business operations, and associated risks, investors are advised to refer to the Icon Facilitators IPO RHP.

Industry Outlook

1. India’s Integrated Facility Management (IFM) sector is poised for robust and sustained expansion, underpinned by infrastructure modernisation, digitisation, and a strategic shift towards integrated outsourcing models across both public and private domains. According to Mordor Intelligence (April 2024), the Indian facility management market is projected to grow at a healthy compound annual growth rate (CAGR) of 10–12% during FY2025–26.
2. This growth is being driven by increasing adoption of bundled IFM contracts across sectors such as IT/ITES, banking and financial services, healthcare, education, and industrial manufacturing. Clients are seeking to reduce vendor complexity and enhance service accountability through comprehensive service agreements.
3. Government initiatives such as the Smart Cities Mission, PM Gati Shakti, and the Urban Rejuvenation Scheme are opening up significant opportunities for facility management providers in public infrastructure, logistics parks, transport hubs, and government buildings. Sustainability and ESG goals are also becoming central to contract decisions, with rising demand for energy-efficient buildings, LEED-compliant operations, and advanced waste and water management systems.
4. The sector is undergoing a transformation towards technology-led, compliance-driven, and sustainability-aligned operations. Service providers offering value-added solutions such as green audits, net-zero transition support, and digital ESG reporting tools are expected to gain greater traction.

Icon Facilitators IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

1. Expand its operational capacity by strengthening working capital reserves to support the company’s growing portfolio of facility management contracts. This includes funding employee benefit expenses, statutory dues, and other operational outlays associated with servicing new and existing client sites across India.
2. Enhance financial flexibility to pursue new business opportunities, particularly in government and large-scale infrastructure projects, which typically involve extended receivable cycles and require upfront resource deployment.
3. Support general corporate purposes, including administrative overheads, brand development, and strategic initiatives aimed at reinforcing the company’s market presence, operational resilience, and long-term sustainability.
4. Improve corporate visibility and governance standards through public listing on the BSE SME platform, thereby fostering investor confidence, enhancing access to capital markets, and enabling future growth through strategic partnerships and collaborations.

About Icon Facilitators Limited

Icon Facilitators Limited was originally incorporated as Icon Facilitators Private Limited on 20 September 2013 under the Companies Act, 1956. It was subsequently converted into a public limited company and renamed Icon Facilitators Limited on 5 June 2024.

The company is engaged in providing a comprehensive suite of technical facility management services. These include electrical system operations, captive power management, HVAC maintenance, water treatment (STP/ETP), fire and safety equipment servicing, elevator and escalator maintenance, and annual maintenance contracts for electromechanical systems. Its services cater to commercial, retail, industrial, and residential clients.

Icon Facilitators operates primarily in North India, with a strong presence in Delhi, Haryana, Uttar Pradesh, Punjab, Rajasthan, and Himachal Pradesh. The company has built a reputation for delivering reliable, quality-driven services and maintains long-standing relationships with several prestigious clients.

The company’s growth strategy is centred on expanding its geographic footprint, enhancing operational efficiency, and leveraging technology to deliver scalable and compliant facility management solutions. With a workforce of over 1,950 employees deployed across 130 sites, Icon Facilitators is well-positioned to capitalise on the increasing demand for integrated facility services in India’s rapidly evolving infrastructure landscape.

Through its public listing on the BSE SME platform, Icon Facilitators Limited aims to strengthen its market position, improve access to capital, and pursue strategic opportunities in both public and private sectors.

How To Check the Allotment Status of the Icon Facilitators IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for Icon Facilitators IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Icon Facilitators IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Icon Facilitators IPO

Registered office: C–28, 2nd Floor, Community Centre, Janakpuri, South West Delhi, New Delhi – 110058, India.

Phone: +91 96259 30130

E-mail: cs@iconf.in