Icon Facilitators IPO Upcoming
Already have an account? Apply now
Schedule of Icon Facilitators
| Issue open date | 24 Jun 2025 |
| Issue close date | 26 Jun 2025 |
| UPI mandate deadline | 26 Jun 2025 (5 PM) |
| Allotment finalization | 27 Jun 2025 |
| Refund initiation | 30 Jun 2025 |
| Share credit | 30 Jun 2025 |
| Listing date | 01 Jul 2025 |
| Mandate end date | 11 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 27 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 25 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Icon Facilitators
Icon Facilitators, incorporated in 2013 and converted to a public limited company in 2024, is an integrated business services platform specializing in technical facilities’ management across North India. The company offers comprehensive hard services including electrical system management, captive power management, STP/ETP and water treatment, HVAC management, building management systems, fire and safety equipment maintenance, and elevator/escalator operations.
With a strong presence in Haryana, Uttar Pradesh, Delhi, and expanding into southern India, Icon Facilitators serves commercial, retail, industrial, and residential clients through a B2B model. The company focuses exclusively on operations and maintenance, delivering flexible, cost-effective, and customized solutions that optimize client facility performance.
Financials of Icon Facilitators
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹18.15 crores |
| Fresh Issue | ₹18.15 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 16 (88.15%) |
| General corporate purposes | – |
Strengths
- Strong presence in North India with 1,955+ staff, 130+ sites, and ~90% revenue from key northern cities.
- Diverse client base across sectors with long-standing relationships, reflecting strong service quality and trust.
- Quality-focused service delivery backed by ISO certifications and robust process controls across all locations.
- Led by an experienced promoter with 20+ years in the industry, supported by a strong leadership and site management team with deep domain expertise.
- Consistent growth with revenue rising to ₹5,806 Lakhs in FY25, driven by a scalable and efficient business model.
Risks
- Over 95% of revenue is derived from North India; disruptions or policy changes in the region may materially impact business and financials.
- Negative operating cash flows in FY25 (₹282.06L) and FY23 (₹40.99L) due to longer debtor cycles may impact financial health.
- Large site-based workforce may lead to service-related claims, reputational risks, or regulatory non-compliance, potentially affecting operations and client trust.
- Top 10 clients contribute 87% of revenue; loss of any may impact financials.
- Past and potential related party transactions may involve conflicts of interest and could impact financial performance.
- Dependence on skilled manpower and high attrition may increase costs and impact growth and service delivery.
- The business requires high working capital; ₹1,600 lakhs from the issue is allocated for this in FY 2026.