Icon Facilitators IPO Day 1: Latest GMP, subscription status, listing date & other details about SME IPO
Icon Facilitators IPO in focus today: The IPO of Icon Facilitators, which opened for bidding on Tuesday, June 24, saw muted investor interest, with the issue being subscribed only 0.38 times as of 02:00 p.m., according to exchange data.
The retail investor segment was subscribed 0.52 times, while the non-institutional investor (NII) category also saw a 0.17 times subscription. The Qualified Institutional Buyer (QIB) portion has not yet opened for bidding.
The company proposes to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes.
1. Icon Facilitators IPO date: The issue opened for subscription on Tuesday, June 24, and will conclude on Thursday, June 26.
2. Icon Facilitators IPO Price: The price band of the IPO has been fixed between ₹ 85 and ₹ 91 per equity share.
3. Icon Facilitators IPO Size: The company aims to raise ₹ 19 crore through the IPO, which is a fresh issue of 21 lakh shares.
4. Icon Facilitators IPO Lot Size: The IPO lot size is fixed at 1200 shares, requiring a minimum investment of ₹ 109,200 for retail investors.
5. Icon Facilitators IPO reservation: The IPO offers 1 lakh shares to QIB, 9.4 lakh shares were reserved for non-institutional buyers, and 9.46 lakh shares to retail investors.
6. Icon Facilitators IPO allotment date: The IPO allotment date is set for Friday, June 27. Investors who receive an allotment will see the shares in their demat accounts by Thursday, June 26, while those who do not will have their refunds processed on the same day.
7. Icon Facilitators IPO listing: The SME IPO is proposed to list on the BSE SME on Tuesday, July 01.
8. Icon Facilitators IPO GMP: According to market sources, the GMP of the Icon Facilitators IPO on Tuesday was 10, indicating that the stock is likely to list at 101 apiece, 11% higher than the upper band issue price of ₹ 91.
9. Icon Facilitators IPO book-running lead manager and registrar: Khambatta Securities Limited is the book-running lead manager of the Icon Facilitators IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Icon Facilitators IPO is Nikunj Stock Brokers Limited.
10. Icon Facilitators overview: Incorporated in 2002, Icon Facilitators Limited is a facilities management company offering integrated technical services across India. The company provides a comprehensive range of services, including electrical system management, HVAC operations, water treatment, fire and safety equipment maintenance, and more.
The company offers integrated facilities management, covering soft services like housekeeping and pest control and hard services like HVAC, electrical management, fire safety, and building operations.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
5 hours ago
- Mint
Icon Facilitators IPO Day 1: Latest GMP, subscription status, listing date & other details about SME IPO
Icon Facilitators IPO in focus today: The IPO of Icon Facilitators, which opened for bidding on Tuesday, June 24, saw muted investor interest, with the issue being subscribed only 0.38 times as of 02:00 p.m., according to exchange data. The retail investor segment was subscribed 0.52 times, while the non-institutional investor (NII) category also saw a 0.17 times subscription. The Qualified Institutional Buyer (QIB) portion has not yet opened for bidding. The company proposes to utilize the net proceeds from the issue towards working capital requirements and general corporate purposes. 1. Icon Facilitators IPO date: The issue opened for subscription on Tuesday, June 24, and will conclude on Thursday, June 26. 2. Icon Facilitators IPO Price: The price band of the IPO has been fixed between ₹ 85 and ₹ 91 per equity share. 3. Icon Facilitators IPO Size: The company aims to raise ₹ 19 crore through the IPO, which is a fresh issue of 21 lakh shares. 4. Icon Facilitators IPO Lot Size: The IPO lot size is fixed at 1200 shares, requiring a minimum investment of ₹ 109,200 for retail investors. 5. Icon Facilitators IPO reservation: The IPO offers 1 lakh shares to QIB, 9.4 lakh shares were reserved for non-institutional buyers, and 9.46 lakh shares to retail investors. 6. Icon Facilitators IPO allotment date: The IPO allotment date is set for Friday, June 27. Investors who receive an allotment will see the shares in their demat accounts by Thursday, June 26, while those who do not will have their refunds processed on the same day. 7. Icon Facilitators IPO listing: The SME IPO is proposed to list on the BSE SME on Tuesday, July 01. 8. Icon Facilitators IPO GMP: According to market sources, the GMP of the Icon Facilitators IPO on Tuesday was 10, indicating that the stock is likely to list at 101 apiece, 11% higher than the upper band issue price of ₹ 91. 9. Icon Facilitators IPO book-running lead manager and registrar: Khambatta Securities Limited is the book-running lead manager of the Icon Facilitators IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Icon Facilitators IPO is Nikunj Stock Brokers Limited. 10. Icon Facilitators overview: Incorporated in 2002, Icon Facilitators Limited is a facilities management company offering integrated technical services across India. The company provides a comprehensive range of services, including electrical system management, HVAC operations, water treatment, fire and safety equipment maintenance, and more. The company offers integrated facilities management, covering soft services like housekeeping and pest control and hard services like HVAC, electrical management, fire safety, and building operations. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
10 hours ago
- Mint
Ellenbarrie Industrial Gases IPO Day 1 Live: Check GMP, issue details, key dates. Should you apply or not?
The initial public offering of Ellenbarrie Industrial Gases opens for public subscription today (Tuesday, June 24), and conclude on Thursday, June 26. Ahead of IPO, Ellenbarrie Industrial Gases raised ₹ 256 crore from anchor investors. Ellenbarrie Industrial Gases IPO price band has been fixed in the range of ₹ 380 to ₹ 400 per equity share of the face value of ₹ 2. Ellenbarrie Industrial Gases IPO lot size is 37 equity shares and in multiples of 37 equity shares thereafter. Ellenbarrie Industrial Gases has allocated 50% of the shares in its public offering for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% of the issue for retail investors. The tentative basis for the allotment of shares for the Ellenbarrie Industrial Gases IPO will be determined on Friday, June 27, and the company will start the refund process on Monday, June 30, with shares being credited to the demat accounts of allottees on the same day following the refunds. The share price of Ellenbarrie Industrial Gases is expected to be listed on the BSE and NSE on Tuesday, July 1. Ellenbarrie Industrial Gases is an Indian company dedicated to the production and distribution of industrial, medical, and specialty gases. The company provides essential gases such as oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon, and nitrous oxide. Subscription for the public issue will open at 10:00 IST during Tuesday's deals. Ellenbarrie Industrial Gases is noted by SBICAP Securities for its significant role as a supplier of industrial gases in East and South India, supporting the growth of manufacturing centers in those areas. The company retains ownership of the cylinders and equipment installed at customer sites, creating a robust barrier to entry for competitors. The inclusion of a take-or-pay clause in its supply contracts ensures consistent revenue and mitigates risks related to customers' business cycles. Ellenbarrie Industrial Gases is also experiencing an upward trend in its margin profile, driven by an increasing share of higher-margin Argon gas and onsite projects. Utilizing proceeds from the IPO for debt repayment will decrease interest costs. This, together with the expansion of capacity in 2HFY26, is expected to enhance profitability in FY26 and FY27. At the maximum price of ₹ 400, the stock is projected to trade at a multiple of 67.7x FY25 EPS after the issue, which is lower than that of its peer Linde India. The brokerage advises investors to subscribe to the issue at the cutoff price. The IPO comprises a new issue estimated at ₹ 400 crore, in addition to an offer-for-sale (OFS) of 1.44 crore shares by promoters Padam Kumar Agarwala and Varun Agarwal. At the upper limit of the price range, the OFS is expected to be approximately ₹ 577 crore, making the total value of the issue close to ₹ 977 crore. The company plans to allocate ₹ 210 crore from the fresh issue proceeds to pay down debt, while ₹ 104.5 crore is designated for setting up a 220 TPD air separation unit at its Uluberia-II facility. As of April 2025, Ellenbarrie's total outstanding debt stood at ₹ 264.2 crore. Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, and Jm Financial Limited are the lead managers for the Ellenbarrie Industrial Gases IPO, with Kfin Technologies Limited serving as the registrar for this offering. Ellenbarrie Industrial Gases IPO GMP today is +7. This indicates Ellenbarrie Industrial Gases share price was trading at a premium of ₹ 7 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Ellenbarrie Industrial Gases share price is indicated at ₹ 407 apiece, which is 1.75% higher than the IPO price of ₹ 400. Following the grey market activities from the past 12 sessions, the current IPO GMP is showing an upward trend and is anticipated to have a robust listing. The minimum GMP is ₹ 0.00, whereas the maximum GMP is ₹ 12, as stated by experts from 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
11 hours ago
- Time of India
Icon Facilitators IPO opens today. Check price band, issue size and other details
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. 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. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads 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 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 Securities is the book-running lead manager, while Maashitla Securities is the registrar to the issue. Nikunj Stock Brokers will act as the market 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 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 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 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)
