Mon Sep 30 19:26:03 UTC 2024: ## Icon Facilitators Plans IPO to Fuel Growth, Aims for Rs 100 Crore Revenue by FY27

**New Delhi:** Icon Facilitators, a leading provider of technical facilities management services, has announced its intention to pursue an initial public offering (IPO) to fuel its growth plans. The company aims to achieve a revenue of Rs 100 crore by the financial year 2027, a significant jump from its current revenue of Rs 49.84 crore in FY24.

Khambatta Securities Limited has been appointed as the book-running lead manager for the IPO. The funds raised through the IPO will be utilized to expand the company’s customer network, strengthen its presence across India, and invest in advanced technologies to enhance its service offerings.

“We are committed to enhancing our services for both existing and new clients by expanding our expertise and capabilities,” said Dinesh Makhija, Managing Director of Icon Facilitators Ltd (IFL). “We plan to raise funds through an IPO to achieve the expected growth, and we are confident about reaching Rs 100 crore in revenues by FY27.”

IFL provides a comprehensive range of technical services for facilities management, including electrical systems, captive power, STP/ETP and water treatment, HVAC, building management systems (BMS), fire and safety equipment, elevators and escalators, and annual maintenance contracts for E&M equipment. The company currently operates across multiple locations in Haryana, Uttar Pradesh, Delhi, Rajasthan, Punjab, and Himachal Pradesh.

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