Latest news with #IconFacilitatorsLimited
Time of India
01-07-2025
- Business
- Time of India
Icon Facilitators IPO listing today. Check GMP ahead of debut
Facilities management company Icon Facilitators will debut on the BSE SME platform today after closing its Rs 19.11 crore IPO last week. Despite a decent oversubscription of 2.49 times, the stock is may list without any premium with the GMP standing at Rs 0, indicating a flat opening. The IPO, which was entirely a fresh issue of 21 lakh shares at a price of Rs 91 per share, attracted modest institutional interest. The retail portion was subscribed 4.10 times, while QIBs came in at 2.18 times. The non-institutional investor (NII) category saw underwhelming interest, closing at just 0.92 times. Icon Facilitators Limited, based in New Delhi, provides integrated facilities management services, including electrical system maintenance, HVAC, captive power operations, and water management. It operates across 127 sites, primarily in North India, and recently expanded into Bengaluru. The company reported a 154% jump in net profit for FY25 at Rs 4.47 crore on revenue of Rs 58.07 crore, marking a 16% top-line growth over FY24. The IPO proceeds will largely be used to fund working capital requirements, with Rs 16 crore allocated toward this objective. The company's debt-free status, ROE of 35.23%, and EBITDA margin of 11.28% offer some comfort, though competition remains intense in the fragmented B2B facility services sector. The issue was managed by Khambatta Securities, with Maashitla Securities acting as registrar. Nikunj Stock Brokers is the designated market maker. Given the muted grey market sentiment and high valuation tags, market observers suggest that the listing could be flat or slightly volatile, depending on broader market cues. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
24-06-2025
- Business
- Time of India
Icon Facilitators IPO opens today. Check price band, issue size and other details
The IPO is being offered in a price band of Rs 85 to Rs 91 per share. Retail investors can bid for a minimum of one lot comprising 1,200 shares. Icon Facilitators Limited will launch its IPO on Tuesday. The IPO aims to raise Rs 19.11 crore through a fresh issue of shares. The IPO will close on Thursday and list on the BSE SME platform on July 1. Retail investors can bid for a minimum lot of 1,200 shares. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Facilities management player Icon Facilitators Limited will open its initial public offering (IPO) for subscription on Tuesday and close on Thursday. The Rs 19.11 crore issue is entirely a fresh offering of 21 lakh shares and will list on the BSE SME platform on July IPO is being offered in a price band of Rs 85 to Rs 91 per share. Retail investors can bid for a minimum of one lot comprising 1,200 Securities is the book-running lead manager, while Maashitla Securities is the registrar to the issue. Nikunj Stock Brokers will act as the market IPO will offer 9.46 lakh shares each to retail and non-institutional investors, while qualified institutional buyers (QIBs) will get 1 lakh shares. A portion of 1.05 lakh shares is reserved for market in 2002, Icon Facilitators is a North India-based integrated facilities management company with over 1,955 employees across 127 sites, recently expanding into the South. It provides both soft services—like housekeeping, façade cleaning, and pest control—and hard services including HVAC maintenance, electrical system management, STP/ETP oversight, and safety FY25, the company reported a revenue of Rs 58.07 crore and a profit after tax of Rs 4.47 crore, marking a 154 percent jump in profits year-on-year. The company operates with zero debt and had an EBITDA of 6.55 crore rupees in the latest financial company intends to use Rs 16 crore from the net proceeds to meet working capital requirements and the rest for general corporate purposes.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
24-06-2025
- Business
- Economic Times
Icon Facilitators IPO opens today. Check price band, issue size and other details
Facilities management player Icon Facilitators Limited will open its initial public offering (IPO) for subscription on Tuesday and close on Thursday. The Rs 19.11 crore issue is entirely a fresh offering of 21 lakh shares and will list on the BSE SME platform on July 1. ADVERTISEMENT The IPO is being offered in a price band of Rs 85 to Rs 91 per share. Retail investors can bid for a minimum of one lot comprising 1,200 shares. Khambatta Securities is the book-running lead manager, while Maashitla Securities is the registrar to the issue. Nikunj Stock Brokers will act as the market maker. The IPO will offer 9.46 lakh shares each to retail and non-institutional investors, while qualified institutional buyers (QIBs) will get 1 lakh shares. A portion of 1.05 lakh shares is reserved for market in 2002, Icon Facilitators is a North India-based integrated facilities management company with over 1,955 employees across 127 sites, recently expanding into the South. It provides both soft services—like housekeeping, façade cleaning, and pest control—and hard services including HVAC maintenance, electrical system management, STP/ETP oversight, and safety FY25, the company reported a revenue of Rs 58.07 crore and a profit after tax of Rs 4.47 crore, marking a 154 percent jump in profits year-on-year. The company operates with zero debt and had an EBITDA of 6.55 crore rupees in the latest financial year. ADVERTISEMENT The company intends to use Rs 16 crore from the net proceeds to meet working capital requirements and the rest for general corporate purposes. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
