Icon Facilitators IPO GMP & Review: Apply or Avoid?
Posted by : sachet | Mon Jun 23 2025

Icon Facilitators IPO is open for bidding on 24th June 2025. It is a bookbuilding IPO of 21.00 lakh shares and entirely a fresh issue worth ₹19.11 crores. The issue will be listed on BSE and SME on its tentative listing date, 1st July 2025.
Icon Facilitators IPO Details
Icon Facilitators IPO date is fixed between 24th June 2025 and 26th June 2025. The face value of Icon Facilitators Limited shares stands at ₹10 per share, and the IPO price band is fixed at ₹85 to ₹91 per share.
Maashitla Securities Private Limited is the registrar of the Icon Facilitators IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 24th June 2025 |
IPO Close Date | 26th June 2025 |
IPO Allotment Date | 27th June 2025 |
Refund Initiation | 30th June 2025 |
Issue Size | 21,00,000 shares (worth ₹19.11 crore) |
Face Value | ₹10 per share |
Lot Size | 1,200 shares |
Issue Price Band | ₹85 to ₹91 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 1st July 2025 |
Icon Facilitators IPO Share Reservation
Icon Facilitators IPO is a bookbuilding IPO issue of 21.00 lakh shares worth ₹19.11 crores. Icon Facilitators Limited shares will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Reservation Required |
QIB Shares Offered | 1,00,800 (4.80%) |
Market Makers | 1,05,600 (5.03%) |
Retail Shares Offered | 9,46,800 (45.09%) |
NII (HNI) Shares Offered | 9,46,800 (45.09%) |
Total Shares Offered | 21,00,000 (100.00%) |
Icon Facilitators IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Do you want to get live updates on Icon Facilitators IPO GMP? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
23-06-2025 | ₹91 | ₹8 | ₹99 | 8.79% |
22-06-2025 | ₹91 | ₹4 | ₹95 | 4.39% |
21-06-2025 | ₹91 | ₹4 | ₹95 | 4.39% |
20-06-2025 | ₹91 | ₹0 | ₹91 | 0.00% |
19-06-2025 | ₹91 | ₹0 | ₹91 | 0.00% |
18-06-2025 | ₹91 | ₹0 | ₹91 | 0.00% |
As of 23rd June 2025, Icon Facilitators IPO GMP stands at ₹8 per share, which means the share will likely show a listing at ₹99 (91+8) on its tentative listing date, 1st July 2025.
GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Icon Facilitators IPO. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Icon Facilitators IPO Review

Check out the detailed Icon Facilitators IPO review for a thorough understanding of its potential to report listing gains on 1st July 2025. The Icon Facilitators IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the growth margins and declines of the business’s financials before applying for the Icon Facilitators IPO.
Icon Facilitators Limited’s revenue rose 16.48% from ₹49.85 crores in March 2024 to ₹58.07 crores in March 2025. Moreover, the company’s PAT increased by 153.97% from ₹1.76 crores to ₹4.47 crores.
Icon Facilitators Limited has shown consistent revenue growth, indicating that the company is financially stable. Moreover, the brokers, investors, and RAs have a positive outlook for the Icon Facilitators IPO for its tentative listing day, which is 1st July 2025.
Technical Analysis
A number of technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Icon Facilitators IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 11.72 |
EPS (Earnings Per Share) | 7.76 |
RoNW | 35.23% |
ROE (Return on Equity) | 35.23% |
ROCE | 37.09% |
PAT Margin (Profit After Tax) | 7.70% |
EBITDA Margin | 11.28% |
Market Capitalisation | ₹71.52 cr. |
The PE ratio of Icon Facilitators Limited shares is 11.72, and its Earnings Per Share (EPS) stands at 7.76. Thus, the Icon Facilitators IPO can potentially deliver gains on its tentative listing date, 1st July 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Icon Facilitators Limited are subject to change after the IPO. Explore the table below to get post-issue updates on these two metrics.
Indicators | Pre-IPO | Post-IPO |
PE Ratio | 11.72 | 16.00 |
EPS | 7.76 | 5.69 |
Icon Facilitators Limited Peer Comparison
Company Name | Revenue (in cr.) | PE Ratio | Face Value (in Rs) | EPS | RoNW (in %) |
Icon Facilitators Limited | 58.07 | 11.72 | 10 | 7.76 | 35.23% |
Updater Services Limited | 2,468.00 | 16.27 | 10 | 17.74 | 12.40% |
Krystal Integrated Services Limited | 1,035.00 | 18.62 | 10 | 31.30 | 23.53% |
Rithwik Facility Management Services Limited | 36.72 | 18.86 | 10 | 8.63 | 30.27% |
Icon Facilitators IPO Subscription Status
Icon Facilitators IPO is now open for bidding on 24th June 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Icon Facilitators IPO Subscription Status.
Investor Category | Shares Offered | Shares Subscribed | Subscription in Times |
Retail Investors | Yet to be announced | Yet to be announced | Yet to be announced |
QIB | Yet to be announced | Yet to be announced | Yet to be announced |
NII (sNII+bNII) | Yet to be announced | Yet to be announced | Yet to be announced |
Total | Yet to be announced | Yet to be announced | Yet to be announced |
About Icon Facilitators Limited

Icon Facilitators Limited was incorporated in 2002 and is a facilities management company providing integrated technical services across the nation. It offers Integrated Facilities Management, covering soft services like housekeeping and pest control, and hard services like HVAC, electrical management, fire safety, and building operations. Icon Facilitators Limited operates mainly in Northern India with 127 sites, recently expanding to Bengaluru for growth. Mr. Basil Arun Keelor leads South India operations to strengthen the company’s presence. Here are the major competitive strengths of Icon Facilitators Limited.
- Robust Player in North India
- Diverse Client Base
- Quality of Services
- Historical Track Record of Robust Financial Performance
- Experienced Management and Promoters
Icon Facilitators Limited Financials
The company’s financial analysis is essential before applying for the Icon Facilitators IPO. Look at the table to learn about Icon Facilitators Limited’s financials.
Year Ended | 31st March 2025 (in cr.) | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) |
Assets | 23.95 | 17.66 | 14.93 |
Revenue | 58.07 | 49.85 | 42.96 |
Profit After Tax | 4.47 | 1.76 | 1.92 |
Debt | 0.00 | 0.00 | 0.00 |
Net Worth | 12.69 | 5.95 | 4.19 |
Reserves and Surplus | 6.93 | 5.94 | 4.18 |
Explanation
Icon Facilitators Limited’s revenue rose 16.48% from ₹49.85 crores in March 2024 to ₹58.07 crores in March 2025. Moreover, the company’s PAT increased by 153.97% from ₹1.76 crores to ₹4.47 crores.
Icon Facilitators IPO Bidding Requirements
Icon Facilitators IPO has reserved lot sizes to be applied by different investor categories. Look at the table below to know about the requirements to be fulfilled for applying for this IPO.
Investor Category | Lots | Shares | Amount (in Rs) |
Retail (Minimum) | 1 | 1,200 shares | ₹1,09,200 |
Retail (Maximum) | 1 | 1,200 shares | ₹2,09,200 |
HNIs (Minimum) | 2 | 2,400 shares | ₹2,18,400 |
Use the lot size calculator to find how many shares you should apply!
Icon Facilitators IPO Promoter Holdings
Have a look at the table below to check the holdings of Icon Facilitators Limited’s promoters: Mr. Dinesh Makhija and Ms. Pooja Makhija.
Share Holding Pre-Issue | 95.65% |
Share Holding Post-Issue | 70.09% |
Note: Promoter Holdings’ value is to be calculated using Equity dilution, which represents the gap between shareholdings before and after the Issue.
Aim of Icon Facilitators IPO
The primary aim of the Icon Facilitators IPO is to raise ₹19.11 crores. On the other hand, Icon Facilitators Limited has decided to utilise these funds in different practices. Explore some of the secondary objectives for the Icon Facilitators IPO.
- To meet general corporate purposes.
- To meet working capital requirements.
Should I Invest in Icon Facilitators IPO?
“IFL is engaged in offering focused and integrated business services for B2B segment. Though it posted growth in its top lines for the last three fiscals, it marked inconsistency in its bottom lines. The boosted top and bottom lines for FY25 i.e., in pre-IPO year raise eyebrows and its sustainability going forward as it is operating in a highly competitive and fragmented segment. Based on its recent financial data, the issue appears aggressively priced. Small equity base post-IPO indicates longer gestation period for migration. There is no harm in skipping this pricey bet being “High Risk/Low Return”~Dilip Davda (Chief Editor at Chittorgarh)
Explore the pros and cons of Icon Facilitators IPO to know whether you should apply or avoid the issue. These pros and cons might help you know about the IPO’s efficiency in delivering profits in the coming decades.
Pros of Icon Facilitators IPO
- Diverse Client Base
- Quality of Services
- Robust Financial Performance
- Zero Debt
Cons of Icon Facilitators IPO
- Aggressively Priced Issue
- Low Market Capitalisation
How to Apply for Icon Facilitators IPO?

Check the steps mentioned below to apply for the Icon Facilitators IPO.
- Step 1: Conduct thorough research on Icon Facilitators IPO GMP, subscription status, issue size, lot size, and other details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Make a bid for two lot of 1,200 shares worth ₹1,09,200 of Icon Facilitators IPO.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Icon Facilitators IPO from more than one demat account to increase your allotment chances.
How to Check Icon Facilitators IPO Allotment Status?
You can check for Icon Facilitators IPO allotment in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose Icon Facilitators IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Icon Facilitators IPO allotment status.
Let’s Wrap
Icon Facilitators IPO is a bookbuilding issue of 21.00 lakh shares worth ₹19.11 crores. The shares of Icon Facilitators Limited will be listed on BSE and SME on its tentative listing date of 1st July 2025. Researching Icon Facilitators IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted its pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Icon Facilitators IPO
How is the Icon Facilitators IPO?
Ans. Currently, on 23rd June 2025, Icon Facilitators IPO GMP (Grey Market Premium) stands at ₹8 (8.79% up). It indicates that the estimated listing price could be ₹99 per share. It is a bookbuilding IPO that comprises a fresh issue of 21.00 lakh shares worth ₹19.11 crores. The face value of each share of Icon Facilitators Limited is ₹10.
What is the Icon Facilitators IPO price?
Ans. Icon Facilitators IPO price band has been set between ₹85 and ₹90 per share. Retail investors can apply for a minimum of 1 lot consisting of 1,200 shares worth ₹1,09,200. Moreover, HNIs are required to bid for a minimum of 2 lots (2,400 shares) worth ₹2,18,400.
Is the Icon Facilitators IPO good?
Ans. Icon Facilitators Limited’s revenue rose 16.48% from ₹49.85 crores in March 2024 to ₹58.07 crores in March 2025. Moreover, the company’s PAT increased by 153.97% from ₹1.76 crores to ₹4.47 crores. Investors can analyse other relevant factors and make a decision accordingly.
Who is the registrar of the Icon Facilitators IPO?
Ans. Maashitla Securities Private Limited is the registrar of the Icon Facilitators IPO, awaiting to manage the IPO allotment procedure and refund initiation. For any queries regarding the Icon Facilitators IPO allotment and refund, you can contact Maashitla Securities Private Limited at investor.ipo@maashitla.com or +91-11-45121795-96.
What is the issue size of the Icon Facilitators IPO?
Ans. Icon Facilitators IPO is a bookbuilding IPO for 21.00 lakh shares worth ₹19.11 crore. Moreover, the IPO is set to open on 24th June 2025 and will be closed on 26th June 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Icon Facilitators IPO, download the Icon Facilitators IPO RHP and Icon Facilitators IPO DRHP. Conduct your own research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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