Icon Facilitators sets price band at ₹85-91/share; issue to open on June 24

Icon Facilitators Ltd, a technical facilities management services provider, on Friday announced a price band of ₹85-91 per share for its initial public offering (IPO) opening for subscription on June 24.

The company's maiden public issue will conclude on June 26. The bidding for anchor investors will open for a day on June 23

Icon Facilitators plans to raise ₹19.11 crore from the IPO, comprising a fresh issue of 21 lakh equity shares. It will be listed on the BSE SME platform, it said in a statement.

The company intends to utilise ₹16 crore of the total IPO proceeds towards working capital requirements and the remaining for general corporate purposes, according to the red herring prospectus (RHP).

Icon Facilitators primarily provides technical facilities management services, such as electrical services, captive power services, and water treatment, building management services, fire & safety equipment, and elevators, escalators operations & maintenance, among others.

The company has more than 2,000 employees as of March 31, 2025, many of them with significant technical backgrounds and domain expertise in each of the industry verticals.

On the financial front, Icon Facilitators’ revenue from operations stood at ₹58.06 crore and posted a profit after tax of ₹4.47 crore in the financial year 2025, compared with ₹49.84 crore and a PAT of ₹1.76 crore in FY24.

Khambatta Securities is the sole book-running lead manager to the issue and Maashitla Securities is the registrar to the issue.