Icon Facilitators SME: Check IPO Date, Live Subscription and Key Details
Icon Facilitators is an integrated business service platform offering technical facility management services. Their key services, categorized as 'Hard Services,' include Electrical System Management Operation, Captive Power Management, STP/ETP and Water Treatment, HVAC Management, Building Management System (BMS), Fire & Safety Equipment’s, Elevators Escalators Operations & Maintenance, and Annual Maintenance Contracts for E&M Equipment.
Min Investment
₹109200
Price Range
₹85.00-91.00
Issue Size
₹18.15 Cr
IPO Type
BSE SME
Key Metrics
Check Live GMP
Face Value
₹10
EPS
5.69
P/E Ratio
16
RoNW
35.23%
ROE
35.23%
Debt to Equity
0.35
Timeline
IPO Opens
24 Jun
IPO Closes
26 Jun
Allotment
27 Jun
Listing
1 Jul
IPO Objectives
- Working Capital Requirement.
- General Corporate Purpose.
Strengths
- One of the strongest players in North India with a large and premium portfolio under management (130 sites and 120 million sq. ft. area), demonstrating significant market presence.
- Diverse base of clients across commercial, retail, industrial, and residential sectors, providing revenue stability and reducing dependence on a single segment.
- Quality-oriented delivery of services, evident in their comprehensive hard and soft facility management offerings and focus on client satisfaction.
- Experienced Promoter and management team with extensive knowledge and expertise in the integrated business services and facility management industry.
- Historical track record of strong financial performance with consistent revenue growth (16% between FY24 and FY25) and significant profit after tax increase (154% between FY24 and FY25), along with a healthy RoNW of 35.23% (FY25).
Weaknesses
- High reliance on contractual agreements (Annual Maintenance Contracts) for service delivery, making the business vulnerable to contract non-renewal, early termination, or changes in contract terms.
- Geographic concentration of revenue, primarily from North India (Haryana, Uttar Pradesh, and Delhi), exposing the company to regional economic downturns or regulatory changes.
- Labor-intensive nature of the business, leading to dependence on a large workforce and exposure to risks related to labor availability, attrition, and rising wage costs.
- Intense competition in the facility management sector from both organized and unorganized players, which could lead to pricing pressures and impact profitability.
- Exposure to regulatory compliance risks related to labor laws, environmental regulations, and other industry-specific norms.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 23.95 | 17.66 | 14.93 |
| Revenue (₹ Cr.) | 58.07 | 49.85 | 42.96 |
| PAT (₹ Cr.) | 4.47 | 1.76 | 1.92 |
| Net Worth (₹ Cr.) | 12.69 | 5.95 | 4.19 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Icon Facilitators Limited | 4.05 | 16 | 35.23 | 12.69 |
| Updater Services Limited | 2.02 | 16.27 | 12.4 | 846 |
| Krystal Integrated Services Limited | 1.86 | 18.62 | 10 | 376 |
Subscription Details
Daily Bids Status
| Date | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1.10x | 1.10x | 2.18x |
| NII | 0.41x | 0.35x | 0.91x |
| RII | 0.91x | 1.43x | 4.06x |
| Total | 0.68x | 0.90x | 2.47x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 1,00,800 | 2,19,600 | 2.00 |
| NII | 9,46,800 | 8,64,000 | 7.86 |
| RII | 9,46,800 | 38,43,600 | 34.98 |
| Total | 19,94,400 | 49,27,200 | 44.84 |
Company Details
- C-28, 2nd Floor Community Centre, Janakpuri, New Delhi, New Delhi-110058, India
- +91-9625930130
- cs@iconf.in
- http://www.iconf.in/
Registrar Details
- Maashitla Securities Private Limited
- +91-11-45121795-96
- ipo@maashitla.com
- https://maashitla.com/allotment-status/public-issues