The initial public offer (IPO) of Icon Facilitators received bids for 50,77,200 shares as against 21,00,000 shares on offer. The issue was subscribed 2.41 times.
Qualified Institutional Buyers (QIBs) bid for 2,19,600 shares, Non-Institutional Investors (NIIs) for 9,75,600 shares, while Retail Individual Investors (RIIs) placed bids for 38,82,000 shares.
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 equity shares will list on BSE's SME platform.
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.