Icon Facilitators Unveils IPO Plans to Achieve Rs 100 Crore Revenue by FY27

Icon Facilitators announced plans to launch an IPO to raise funds for expanding operations, targeting Rs 100 crore revenue by FY27. The company aims to enhance its service offerings, increase geographic presence, and invest in cutting-edge technology. Khambatta Securities Limited will manage the IPO process.

Technical facilities management services provider Icon Facilitators on Thursday announced plans to launch an initial public offer (IPO) to raise funds for expanding operations and achieving a revenue target of Rs 100 crore by the financial year 2027.

Khambatta Securities Limited has been appointed as the book-running lead manager to oversee the IPO process, according to a company statement.

Icon Facilitators reported Rs 49.84 crore revenue from operations in FY24, up from Rs 42.96 crore in FY23. To support its growth trajectory, Icon Facilitators is actively exploring an IPO to provide the necessary capital to expand its client base, strengthen its geographic presence across India, and invest in new technologies to enhance its service offerings. Managing Director Dinesh Makhija emphasized the company's commitment to expanding the scope and range of current services to existing and new clients by building expertise and extending capabilities.

The company provides technical facilities management services, including electrical system management, captive power management, water treatment, HVAC management, and fire and safety equipment maintenance. Icon Facilitators operates across several regions, including Haryana, Uttar Pradesh, and Delhi, and recently expanded to Bengaluru. It primarily serves industrial, commercial, retail, and residential clients on a B2B model.

(With inputs from agencies.)