Introduction
Icon Facilitators Ltd, a premier facility management company based in Delhi, has recently filed its draft red herring prospectus (DRHP) with BSE SME for an initial public offering (IPO). This move marks a significant step in the company’s growth trajectory as it aims to expand its services and client base. With a strong presence in the Northern region of India, Icon Facilitators is now set to make its mark in the public markets.
About Icon Facilitators Ltd
Specializing in comprehensive facility management services, Icon Facilitators Ltd offers an array of solutions including:
- Management of electrical systems
- Operations for captive power systems
- STP/ETP and water treatment services
- HVAC management
- Building management systems (BMS)
- Fire and safety equipment maintenance
- Operations and maintenance of elevators and escalators
- Annual maintenance contracts for electrical and mechanical equipment
Geographical Reach
With a robust operational footprint, Icon Facilitators predominantly services Haryana, Uttar Pradesh, and Delhi, boasting 72, 37, and 18 locations respectively. The company is also expanding its influence into other regions such as Punjab, Himachal Pradesh, and Rajasthan. In a strategic effort to tap into the growing market of Southern India, Icon Facilitators has opened a new office in Bengaluru, anticipating rapid economic growth in the region.
Client Portfolio
Icon Facilitators has established itself as a trusted provider of services to a variety of high-profile clients across the commercial and industrial sectors. Notable clients include:
- Vegas Mall
- Omaxe Chandni Chowk
- Gulshan One29
- Eros Metro Mall
- East Delhi Mall
In the residential sector, the company serves esteemed clients such as Tata Housing and DLF Camellias. Additionally, it maintains Bharat Mandapam, a landmark structure designed to promote global trade, while supporting corporates including Macquarie, Deloitte, HCL, CBRE, and JLL.
Financial Performance
In the fiscal year 2024, Icon Facilitators reported impressive financial results with revenues reaching ₹49.84 crore and a profit after tax (PAT) of ₹1.76 crore. These figures signify a substantial growth from the previous fiscal year, where the company recorded revenues of ₹42.96 crore and a PAT of ₹1.92 crore in FY23. This upward trend reflects the company’s operational efficiency and robust business model.
IPO Details
Issue Overview
The company plans to issue 21,00,000 new equity shares, each having a face value of ₹10. This IPO aims to provide the requisite funds for further expansion and operational enhancements.
Financial Allocation
According to the DRHP, Icon Facilitators intends to allocate ₹16 crore from the total IPO proceeds to meet working capital requirements, including margin money. The remaining funds will be utilized for general corporate purposes, ensuring the company maintains a strong operational base while pursuing growth opportunities.
Conclusion
As Icon Facilitators Ltd gears up for its IPO, it stands at the cusp of a significant growth phase. With a solid foundation, diverse clientele, and strategic expansion plans, the company is well-positioned to capitalize on opportunities in the facility management sector. Investors are encouraged to assess the potential of this upcoming IPO as Icon Facilitators embarks on its journey in the public market.
Disclaimer: The content in this article reflects the opinions of individual analysts and experts. Investors are advised to consult certified professionals before making any financial decisions.
