Icon Facilitators IPO opens today. Check price band, issue size and other details
Icon Facilitators Limited will launch its IPO on Tuesday. The IPO aims to raise Rs 19.11 crore through a fresh issue of shares. The IPO will close on Thursday and list on the BSE SME platform on July 1. Retail investors can bid for a minimum lot of 1,200 shares.
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Facilities management player Icon Facilitators Limited will open its initial public offering (IPO) for subscription on Tuesday and close on Thursday. The Rs 19.11 crore issue is entirely a fresh offering of 21 lakh shares and will list on the BSE SME platform on July 1.The IPO is being offered in a price band of Rs 85 to Rs 91 per share. Retail investors can bid for a minimum of one lot comprising 1,200 shares.Khambatta Securities is the book-running lead manager, while Maashitla Securities is the registrar to the issue. Nikunj Stock Brokers will act as the market maker.The IPO will offer 9.46 lakh shares each to retail and non-institutional investors, while qualified institutional buyers (QIBs) will get 1 lakh shares. A portion of 1.05 lakh shares is reserved for market making.Incorporated in 2002, Icon Facilitators is a North India-based integrated facilities management company with over 1,955 employees across 127 sites, recently expanding into the South. It provides both soft services—like housekeeping, façade cleaning, and pest control—and hard services including HVAC maintenance, electrical system management, STP/ETP oversight, and safety systems.In FY25, the company reported a revenue of Rs 58.07 crore and a profit after tax of Rs 4.47 crore, marking a 154 percent jump in profits year-on-year. The company operates with zero debt and had an EBITDA of 6.55 crore rupees in the latest financial year.The company intends to use Rs 16 crore from the net proceeds to meet working capital requirements and the rest for general corporate purposes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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