
Based in Delhi, Icon Facilitators primarily provides technical facility management services. These include operating and maintaining electrical systems, managing captive power plants, overseeing sewage and water treatment (STP/ETP), handling HVAC systems, and managing building management systems (BMS). The company also ensures the operation and maintenance of fire safety equipment, elevators, escalators, and provides annual maintenance contracts for electrical and mechanical (E&M) equipment.
The company operates in various regions, with a strong presence in Haryana, Uttar Pradesh, and Delhi, covering 72, 37, and 18 locations respectively. It also operates in Punjab, Himachal Pradesh, and Rajasthan, with one, five, and one location in each. Recently, Icon Facilitators opened a new office in Bengaluru to expand into southern India, expecting significant economic growth in that region.
Icon Facilitators serves prominent clients in the commercial and industrial sectors, such as Vegas Mall, Omaxe Chandni Chowk, Gulshan One29, Eros Metro Mall, and East Delhi Mall. In the residential sector, its clients include Tata Housing and DLF Camellias. Additionally, the company maintains Bharat Mandapam, a notable structure promoting international trade. Corporate clients include Macquarie, Deloitte, HCL, CBRE, and JLL.
In FY24, the company generated ₹49.84 crore in revenue, with a profit after tax (PAT) of ₹1.76 crore. This marked an improvement over FY23, when the company reported ₹42.96 crore in revenue and a PAT of ₹1.92 crore.
The IPO includes the issuance of 21,00,000 new equity shares, each valued at ₹10. Khambatta Securities Ltd is the lead manager for the IPO, while Maashitla Securities Private Ltd has been appointed as the registrar.
According to the DRHP, Icon Facilitators intends to use ₹16 crore from the IPO proceeds to meet working capital requirements, including margin money. The rest will be allocated for general corporate purposes.