Latest news with #IconFacilitators
Business Standard
01-07-2025
- Business
- Business Standard
BSE SME Icon Facilitators loses footing on listing day
Shares of Icon Facilitators were trading at Rs 85.50 on the BSE, a discount of 6.04% compared with the issue price of Rs 91. The scrip was listed at Rs 90, a discount of 1.10% compared with the initial public offer (IPO) price. The stock was currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 90 and a low of Rs 85.50. About 2.50 lakh shares of the company changed hands at the counter. Icon Facilitators' IPO was subscribed 2.41 times. The issue opened for bidding on 24 June 2025 and it closed on 26 June 2025. The price band of the IPO was set at Rs 85 to Rs 91 per share. The IPO comprised fresh issue of 21,00,000 equity shares. The promoter and promoter group shareholding diluted to 70.09% from 95.65% pre-issue. The company intends to utilize the net proceeds for working capital requirements and general corporate purpose. Icon Facilitators provides a wide array of technical facility management services under one umbrella, including electrical system management & operations, captive power management, STP/ETP and water treatment, HVAC management, building management systems (BMS), fire & safety equipment, elevator and escalator operations & maintenance, and annual maintenance contracts for electrical & mechanical (E&M) equipment. The company offers a comprehensive bouquet of solutions to commercial, retail, industrial, and residential clients. Its operations are primarily concentrated in the northern part of India, with a major presence in Haryana, Uttar Pradesh, and Delhi, while also extending services to other regions including Punjab, Rajasthan, and Himachal Pradesh. As of 31 March 2025, the company had a total of 2,030 employees. The company recorded revenue from operations of Rs 58.06 crore and net profit of Rs 4.47 crore for the period ended 31 March 2025.
Time of India
01-07-2025
- Business
- Time of India
Icon Facilitators IPO listing today. Check GMP ahead of debut
Facilities management company Icon Facilitators will debut on the BSE SME platform today after closing its Rs 19.11 crore IPO last week. Despite a decent oversubscription of 2.49 times, the stock is may list without any premium with the GMP standing at Rs 0, indicating a flat opening. The IPO, which was entirely a fresh issue of 21 lakh shares at a price of Rs 91 per share, attracted modest institutional interest. The retail portion was subscribed 4.10 times, while QIBs came in at 2.18 times. The non-institutional investor (NII) category saw underwhelming interest, closing at just 0.92 times. Icon Facilitators Limited, based in New Delhi, provides integrated facilities management services, including electrical system maintenance, HVAC, captive power operations, and water management. It operates across 127 sites, primarily in North India, and recently expanded into Bengaluru. The company reported a 154% jump in net profit for FY25 at Rs 4.47 crore on revenue of Rs 58.07 crore, marking a 16% top-line growth over FY24. The IPO proceeds will largely be used to fund working capital requirements, with Rs 16 crore allocated toward this objective. The company's debt-free status, ROE of 35.23%, and EBITDA margin of 11.28% offer some comfort, though competition remains intense in the fragmented B2B facility services sector. The issue was managed by Khambatta Securities, with Maashitla Securities acting as registrar. Nikunj Stock Brokers is the designated market maker. Given the muted grey market sentiment and high valuation tags, market observers suggest that the listing could be flat or slightly volatile, depending on broader market cues. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
24-06-2025
- Business
- 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.
News18
21-06-2025
- Business
- News18
IPOs Next Week: 12 Companies To Raise Rs 15,800 Crore Via Public Offers, Check Details
Last Updated: The primary market will be busy starting June 23, with 12 IPOs worth Rs 15,800 crore, including HDB Financial Services, Kalpataru Projects, and Ellenbarrie Industrial Gases. After a five-six month hiatus, the primary market is gearing up for an exceptionally active week starting June 23, with 12 IPOs worth Rs 15,800 crore lined up, including five from the mainboard segment. The upbeat mood in equity markets — despite short-term global concerns — continues to fuel investor confidence. 'Market sentiment remains broadly constructive, driven by improving macroeconomic indicators, favourable liquidity conditions, and increasing participation from both institutional and retail investors," Bajaj Broking Research said in its note. IPOs to Launch Next Week HDB Financial Services IPO (Mainboard) A subsidiary of HDFC Bank, HDB Financial is launching the largest IPO of 2025 at Rs 12,500 crore. The issue will be open from June 25 to June 27, with a price band of Rs 700-740 per share. Its GMP currently stands at 12.30%. Kalpataru Projects International IPO (Mainboard) Mumbai-based real estate player Kalpataru Projects is launching a Rs 1,590-crore IPO from June 24 to June 26. The price band has been fixed at Rs 387-414 per share. Its GMP currently stands at 2.66%. Sambhv Steel Tubes, a maker of ERW steel pipes and tubes, will open its IPO on June 25. The price band is set at Rs 77-82 per share. Its GMP currently stands at 13.41%. Ellenbarrie, which provides industrial and medical gases, is set to raise Rs 852.53 crore. The IPO opens on June 24 and closes on June 26, with a price band of Rs 380-400 per share. The GMP currently stands at zero. Globe Civil Projects IPO (Mainboard) This New Delhi-based EPC company will launch a Rs 119-crore IPO between June 24 and June 26. The price band is Rs 67-71 per share. Its GMP currently stands at 18.31%. AJC Jewel Manufacturers IPO (SME) The IPO of this jewelry manufacturer is worth Rs 14.59 crore and will run from June 23 to June 26, with a price band of Rs 90-95 per share. Its GMP currently stands at 9.47%. Shri Hare-Krishna Sponge Iron IPO (SME) Scheduled to open on June 24 and close on June 26, this IPO is one of three SME listings on the same day. Its IPO currently stands at zero. Icon Facilitators IPO (SME) Also launching on June 24 with the same closing date, June 26, Icon Facilitators is part of the three-SME batch aiming to raise Rs 61.35 crore collectively. Its GMP currently stands at 4.40%. Abram Food IPO (SME) The third SME IPO opening on June 24 alongside Shri Hare-Krishna and Icon Facilitators, part of the collective Rs 61.35-crore raise. Its GMP currently stands at zero. Suntech Infra Solutions IPO (SME) This Rs 42.16-crore IPO will open on June 25 for three days. The price band has been fixed in the range of Rs 81 to Rs 86 per share. Its GMP currently stands at 24.42%. Ace Alpha Tech IPO (SME) The tech company's Rs 47.15-crore IPO is scheduled to open on June 26. Its price band has been fixed in the range of Rs 101 to Rs 107 per share. The GMP currently stands at zero. PRO FX Tech IPO (SME) PRO FX Tech, which plans to raise Rs 38.21 crore via public issue, is opening its three-day IPO on June 26. Its price band has been fixed at Rs 82 to Rs 87 per share. According to market observers, its GMP currently stands at zero. Ongoing SME IPOs (Till June 24) The following SME IPOs will remain open until June 24, having started on June 20: Arisinfra Solutions IPO (Mainboard) After being subscribed 2.65 times, Arisinfra will make its stock market debut on the mainboard on June 23. Its GMP currently stands at zero, indicating flat or negative listing gains. Samay Project Services IPO (SME) It is scheduled to list on the NSE Emerge on June 23. Its GMP currently also stands at zero, indicating flat or negative listing gains. Patil Automation IPO (SME) It will make its stock market debut on June 23 on the NSE Emerge. Its GMP currently stands at 16.67%, indicating decent listing gains. Eppeltone Engineers IPO (SME) The electronic meters maker will be listed on June 24. Its current GMP stands at 54.69%, signalling strong listing gains. Influx Healthtech IPO (SME) It is set to list on June 25. Its latest GMP stands at 22.92%, indicating decent listing gains. Mayasheel Ventures IPO (SME) Its shares will begin trading on the exchanges on June 27. It GMP stands at 10.64%. Safe Enterprises Retail Fixtures IPO (SME) Safe Enterprises Retail Fixtures Ltd will also make its debut on June 27. Its GMP stands at 17.39%. Aakaar Medical Technologies IPO (SME) top videos View all Completing the week's SME listings, Aakaar will list on June 27. Its GMP currently stands at zero. It is important to note that the GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. About the Author Mohammad Haris Haris is Deputy News Editor (Business) at He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : initial public offering (IPO) IPO Location : New Delhi, India, India First Published: June 21, 2025, 10:39 IST News business » ipo IPOs Next Week: 12 Companies To Raise Rs 15,800 Crore Via Public Offers, Check Details
