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Icon Facilitators IPO
Icon Facilitators Ltd
₹1,02,000 /1200 sharesMinimum Investment
Icon Facilitators IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹91.00 | ₹90.00 | -₹1.00 (1.10%) |
Icon Facilitators IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 24 Jun ‘25 - 26 Jun ‘25 | ₹1,02,000 | 1,200 | ₹85 - ₹91 |
| Issue Size | IPO Doc |
|---|---|
| 19.11Cr | RHP PDF |
Subscription rate
As of 26 Jun'25, 05:00 PM
| Qualified Institutional Buyers | 2.18x |
| Non-Institutional Investor | 1.02x |
| Retail Individual Investor | 4.00x |
| Total | 2.37x |
About Icon Facilitators
Founded in
2013
Managing director
Mr Dinesh Makhija
Parent organisation
Icon Facilitators Ltd
Strengths & Financials of Icon Facilitators
Strengths
Risks
Icon Facilitators claims to be one of the largest technical facilities management service providers in North India, with a workforce of over 1,955 employees as of May 15, 2025. The company further claims to have served 130 sites in FY25, 128 in FY24, and 131 in FY23.
The company claims to serve a diverse base of clients across commercial, industrial, residential, and retail sectors.
Icon Facilitators claims to follow a process-oriented approach to quality assurance, including internal audits, periodic reviews, and on-site quality checks.
The company holds ISO 9001:2015 certification for its quality management systems, ISO: 45001: 2018 certification for its occupational health and safety management systems, ISO: 14001: 2015 certification for its environmental management systems, and ISO: 41001: 2018 certification for its facility management systems.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 42.96 crore in FY23 to Rs 49.84 crore in FY24 and Rs 58.06 crore in FY25.
Haryana and Uttar Pradesh accounted for over two-thirds of the company’s total revenue in FY25, FY24, and FY23. Any business or economic disruption in these regions could harm the company’s results of operations and financial condition.
The company reported negative cash flow from operating activities amounting to Rs 2.82 crore in FY25 and Rs 0.41 crore in FY23. Additionally, negative cash flow from investing activities amounted to Rs 0.43 crore in FY25, Rs 0.43 crore in FY24, and Rs 0.16 crore in FY23. Furthermore, the company also reported negative cash flow from financing activities amounting to Rs 1.60 crore in FY24. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The top customer accounted for Rs 28.79 crore (49.59 percent) of the company’s revenue in FY25, Rs 20.21 crore (40.55 percent) in FY24, and Rs 14.05 crore (32.70 percent) in FY23. Any failure to retain this key customer, expand the customer base, or a loss of business from this client can adversely affect the company’s business and financial standing.
Employee benefits accounted for Rs 48.93 crore (94.03 percent) of the company’s total expenses in FY25, Rs 43.92 crore (92.52 percent) in FY24, and Rs 37.65 crore (93.43 percent) in FY23. Any increase in employee-related costs that cannot be passed on to customers may adversely impact the company’s profitability and cost competitiveness.
As of FY25, the company had trade receivables amounting to Rs 16.39 crore, representing 68.46 percent of its total assets. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
The company, its promoters, directors, group entities, and key managerial personnel are involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had outstanding financial indebtedness amounting to Rs 4.40 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Icon Facilitators Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Icon Facilitators IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹85 - 91 | ₹2 - 5 Lakh |
| High Networth Individual | ₹85 - 91 | ₹2 - 5 Lakh |
For Icon Facilitators IPO, eligible investors can apply as Regular.