Icon Facilitators Limited is a company engaged in providing a range of business support services, including staffing solutions, payroll management, and facility management for various industries across India. The company aims to streamline operations for its clients by offering customized and efficient workforce solutions. The Icon Facilitators IPO size is set at ₹18.15 crore, with the issue comprising a fresh issue of 19,94,400 equity shares. The IPO will open for subscription on June 24, 2025, and close on June 26, 2025.
₹00
₹91
₹90.00
Expert Opinions
Market sentiment for the Icon Facilitators IPO is cautiously positive, reflecting growing investor interest in India’s SME sector and the company’s expanding footprint in integrated facilities management. The company’s strengths lie in its diversified service portfolio—covering electrical management, HVAC, fire safety, water treatment, and housekeeping—and its strong presence in Northern India with recent expansion into South India, now operating at 127 locations and employing nearly 2,000 staff. However, risks and challenges include depends on a concentrated operational region, integration of new locations, and potential margin pressures from rising labor and compliance costs.
Valuation analysis for Icon Facilitators IPO highlights robust financials, with FY2024 ROE of 35.23% and ROCE of 37.09%, alongside a FY2025 NAV of ₹22.47, indicating efficient capital utilization and strong profitability. The long-term investment perspective is promising, driven by increasing demand for professional facilities management in India’s commercial and institutional sectors, but investors should monitor the company’s ability to scale sustainably and manage operational risks as it expands.
Investor Considerations
Investors considering the Icon Facilitators IPO should assess the company’s solid performance and fundamentals, with FY2025 revenue of ₹58.07 crore and PAT of ₹4.47 crore, up sharply from ₹49.85 crore and ₹1.76 crore respectively in FY2024, reflecting strong growth and improved profitability. The sector outlook is positive, as demand for integrated facility management and technical support services is rising with India’s expanding commercial and institutional infrastructure. The Icon Facilitators IPO valuation for FY2024 shows a high Price to Book Value of 8.43, PAT margin of 7.70%, and a moderate debt/equity ratio of 0.35, indicating premium pricing and manageable leverage.
Growth prospects are supported by plans to expand operations, enter new regions, and enhance service offerings. Key risk factors include operational concentration in Northern India, integration risks with new locations, and potential margin pressures from labor and compliance costs. For short-term investors, market sentiment and listing gains may be relevant, while long-term investors can benefit from sector tailwinds and the company’s ambitious growth plans, provided risks are managed effectively.
| Date | GMP | Trend |
|---|---|---|
| 29 Jun 2025 10.51 | ₹00 | --- |
| 28 Jun 2025 13.48 | ₹00 | --- |
| 27 Jun 2025 13.24 | ₹00 | --- |
| 26 Jun 2025 19.58 | ₹00 | Down |
| 25 Jun 2025 14.35 | ₹10 | --- |
| 24 Jun 2025 11.06 | ₹10 | --- |
| 23 Jun 2025 10.44 | ₹10 | Up |
| 21 Jun 2025 16.54 | ₹5 | Up |
| 20 Jun 2025 10.38 | ₹4 | --- |
| 19 Jun 2025 16.01 | ₹4 | --- |
FAQs
The Grey Market Premium showed good accuracy in predicting Icon Facilitators IPO’s listing performance. With a final GMP of ₹0, it signaled a flat listing around the issue price of ₹91. The stock listed slightly lower at ₹90, resulting in a minimal negative return of -1.10%. This led to a small prediction error of 1.10%, indicating that the GMP accurately predicted a flat-to-weak listing, demonstrating fair reliability in this case.
Icon Facilitators IPO Current GMP is ₹00.
Icon Facilitators IPO Expected Returns is 0.00%.
Icon Facilitators IPO estimated listing price is ₹91.