Theranautilus Secures $1.2 Mn in Seed...
19 Nov 2024
Icon Facilitators, a provider of technical facilities management services, announced plans to launch an initial public offering (IPO) to fund its expansion efforts and is aiming for Rs 100 crore in revenue by FY27. Khambatta Securities Limited has been appointed as the lead manager for the IPO process.
The company aims to reach Rs 100 crore in revenue by FY27, having generated Rs 49.84 crore in FY24, compared to Rs 42.96 crore in FY23. The IPO will support Icon Facilitators Ltd (IFL) in growing its client base, expanding geographically across India, and investing in advanced technologies to improve its service offerings.
IFL Managing Director Dinesh Makhija stated the company's focus on expanding the range of services to existing and new clients by building expertise and capabilities. He expressed confidence that the IPO will help achieve the Rs 100 crore revenue goal by FY27.
IFL provides various technical services, including electrical system management, power management, HVAC, water treatment, building management systems, fire safety, elevator maintenance, and annual maintenance contracts.
The company operates across Haryana, Uttar Pradesh, and Delhi, with additional sites in Rajasthan, Punjab, and Himachal Pradesh. IFL also recently opened a new office in Bengaluru to expand its presence in southern India, expecting considerable growth in the region.
Chat on WhatsApp
Request a call back
