IPO Details

Bidding Dates

26 Jun '25 - 24 Jun '25

Minimum Investment

₹1,09,200 / 1 Lot (1200 Shares)

Price Range

₹85 – ₹91

Maximum Investment

₹1,09,200 / 1 Lot (1200 Shares)

Retail Discount

To be announced

Issue Size

₹18.15 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)  |  

Icon Facilitators IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jun 24, 25

IPO Closing Date

Jun 26, 25

Basis of Allotment

Jun 27, 25

Initiation of Refunds

Jun 30, 25

IPO Listing Date

Jul 01, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jun 23, 2025

 1.10 0.41 0.91 0.68

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.

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

Icon Facilitators IPO Reservation

Investor Category

Shares Offered

Market Maker Shares Offered

1,05,600 (5.28%)

QIB Shares Offered

1,00,800 (5.04%)

NII (HNI) Shares Offered

9,46,800 (47.36%)

Retail Shares Offered

9,46,800 (47.36%)

Total Shares Offered

19,99,200 (100.00%)

Icon Facilitators 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 IPO Promoter Holding

The promoters of the company are Mr. Dinesh Makhija and Ms. Pooja Makhija.

Share Holding Pre-Issue

95.65%

Share Holding Post Issue

70.09%

Key Performance Indicators for Icon Facilitators IPO

The market capitalisation of Icon Facilitators IPO is ₹71.52 crore. Here are the KPIs of Icon Facilitators:

KPI

Value

EBITDA Margin (%)

11.28

PAT Margin (%)

7.70

Return on Equity (ROE) (%)

35.23

Return on Capital Employed (RoCE) (%)

37.09

Icon Facilitators IPO Prospectus

Icon Facilitators IPO Registrar and Lead Managers

Icon Facilitators IPO Lead Managers

  • Khambatta Securities Limited

Registrar for Icon Facilitators IPO

Maashitla Securities Private Limited

Icon Facilitators IPO Registrar

Financial Performance of Icon Facilitators Limited

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operations (₹ Lakh) 5,806.39 4,984.21 4,296.30
Total Income (₹ Lakh) 5,806.55 4,984.82 4,296.30
EBITDA Margin (%) 11.28 5.81 7.25
PAT Margin (%) 7.70 3.54 4.48
Return on Capital Employed (ROCE) (%) 37.09 33.46 37.95
Return on Equity (ROE) (%) 35.23 29.42 45.94
Debt-to-Equity Ratio (times) 0.35 0.42 0.89

Know before investing

Strengths

8

  1. Over a decade of operational experience in technical facility management across diverse sectors.

  2. Strong presence in North India with operations across Delhi, Haryana, Uttar Pradesh, Punjab, Rajasthan, and Himachal Pradesh.

  3. Offers a wide range of technical services including HVAC, electrical systems, water treatment, and fire safety.

  4. Long-standing relationships with reputed commercial and institutional clients, contributing to recurring revenue.

  5. Over 1,950 employees deployed across 130 sites, enabling rapid expansion and service delivery.

  6. Revenue from operations grew 16.5% in FY 2025, with PAT margin improving to 7.7%.

  7. Entry into government contracts opens avenues for large-scale, long-term engagements.

  8. Funds raised will strengthen working capital, enabling the company to take on more projects and scale operations.

Risks

8

  1. Heavy reliance on North India for revenue exposes the company to geographic and policy risks.

  2. Top 5 clients contribute over 70% of revenue, posing a risk if any major contract is lost.

  3. Past delays in GST and PF filings may attract penalties and impact compliance reputation.

  4. Over 94% of total expenses are employee-related, making profitability sensitive to wage inflation.

  5. Long payment cycles and rising trade receivables may strain cash flows and working capital.

  6. Absence of soft services and pan-India presence may limit competitiveness against integrated FM players.

  7. Dependence on third-party agencies for employee verification and IT systems may pose operational risks.

  8. Company’s logo trademark application is objected, which may affect brand protection and identity.

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Icon Facilitators Limited Peer Details Comparison

Particulars Total Income (₹ Lakh) Face Value (₹) EPS Basic (₹) NAV per Share (₹)
Icon Facilitators Limited 5,806.55 10.00 7.91 22.47
Updater Services Limited 2,77,173.00 10.00 17.74 144.07
Krystal Integrated Services Limited 1,22,927.70 10.00 44.61 312.92
Rithwik Facility Management Services Limited 4,272.09 10.00 11.44 77.98

Icon Facilitators IPO FAQs

What is the Icon Facilitators IPO?

Icon Facilitators IPO is a book-built issue IPO. It will be open from June 24, 2025, to June 26, 2025. 

When will the Icon Facilitators IPO be allotted?

The Basis of Allotment will happen on Friday, June 27, 2025.  

When will the Icon Facilitators IPO open for subscription?

The IPO subscription window will open on June 24, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1200 shares. 

When will Icon Facilitators Limited list on exchanges?

The listing date for Icon Facilitators Limited is Tuesday, July 1, 2025. 

What is the issue size of the Icon Facilitators IPO?

The issue size of the Icon Facilitators IPO is up to ₹18.15 crores, consisting of a fresh issue of 19.94 lakh shares. 

What are the open and close dates of the Icon Facilitators IPO?

The open and close dates for Icon Facilitators IPO are from June 24, 2025, to June 26, 2025. 

What would be the listing gains on the Icon Facilitators IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

How to increase your chances of getting a Icon Facilitators IPO allotment?

  1. Multiple Submissions: Use different Demat accounts to make multiple applications.
  2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
  3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Icon Facilitators IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate. 

Can I submit more than one application for the public issue of Icon Facilitators Limited using one PAN?

You can submit only one application using your PAN card. 

How to read Icon Facilitators Limited's financial statements?

To read Icon Facilitators ‘s financial statements, download the IPO’s RHP document. 

What is 'pre-apply' for Icon Facilitators Limited IPO?

Pre-apply allows investors to apply for the Icon Facilitators IPO two days before the subscription period opens, ensuring an early submission of your application. 

If I pre-apply for the Icon Facilitators Limited IPO, when will my order get placed?

Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours. 

When will I know if my Icon Facilitators Limited IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts.  

Who is the registrar of Icon Facilitators IPO?

Maashitla Securities Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Icon Facilitators IPO getting listed?

Icon Facilitators Limited IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).