Mon Sep 30 20:51:08 UTC 2024: ## Icon Facilitators Ltd. Plans IPO to Fuel Expansion and Reach Rs 100 Crore Revenue by 2027

**New Delhi, India** – Icon Facilitators Ltd. (IFL), a leading provider of technical facilities management services, announced today its plans to launch an Initial Public Offering (IPO) to raise capital for expansion. The company aims to achieve a revenue of Rs 100 crore by fiscal 2027.

Khambatta Securities Ltd. has been appointed as the book-running lead manager for the IPO.

IFL’s revenue from operations has been steadily increasing, reaching Rs 49.84 crore in fiscal 2024, up from Rs 42.96 crore in fiscal 2023. The company intends to utilize the proceeds from the IPO to expand its client base, strengthen its presence across India, and invest in advanced technologies to enhance its service offerings.

“We are committed to expanding the scope and range of our services to both existing and new clients,” said Dinesh Makhija, Managing Director of IFL. “The IPO will enable us to invest in our growth strategy and reach our target of Rs 100 crore revenue by Fiscal 2027.”

IFL specializes in providing technical facilities management services, encompassing electrical system management, captive power management, sewage and effluent treatment, HVAC management, building management systems, fire and safety equipment, elevator maintenance, and annual maintenance contracts for electrical and mechanical installations.

The company currently operates across Haryana, Uttar Pradesh, Delhi, Rajasthan, Punjab, and Himachal Pradesh. With its recent expansion into Bengaluru, IFL is targeting significant growth in the southern region. IFL primarily serves industrial, commercial, retail, and residential clients on a B2B model.

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