20-06-2025
SME IPO: Icon Facilitators sets price band at Rs 85-91/share; issue to open on Jun 24
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Icon Facilitators Ltd, a technical facilities management services provider, on Friday announced a price band of Rs 85-91 per share for its initial public offering ( IPO ) opening for subscription on June company's maiden public issue will conclude on June 26. The bidding for anchor investors will open for a day on June 23Icon Facilitators plans to raise Rs 19.11 crore from the IPO, comprising a fresh issue of 21 lakh equity shares. It will be listed on the BSE SME platform, it said in a company intends to utilise Rs 16 crore of the total IPO proceeds towards working capital requirements and the remaining for general corporate purposes, according to the red herring prospectus (RHP).Icon Facilitators primarily provides technical facilities management services, such as electrical services, captive power services, and water treatment, building management services, fire & safety equipment, and elevators, escalators operations & maintenance, among company has more than 2,000 employees as of March 31, 2025, many of them with significant technical backgrounds and domain expertise in each of the industry the financial front, Icon Facilitators' revenue from operations stood at Rs 58.06 crore and posted a profit after tax of Rs 4.47 crore in the financial year 2025, compared with Rs 49.84 crore and a PAT of Rs 1.76 crore in Securities is the sole book-running lead manager to the issue and Maashitla Securities is the registrar to the issue.
