New Delhi: Technical facilities management service provider icon facilitator announced plans on Thursday to launch an initial public offering to raise funds to expand its business, targeting 100 Crores Revenues through fiscal year 2027. Kangbada Securities Co., Ltd. Has been appointed as the lead manager for bookkeeping and is responsible for overseeing initial public offering a company statement said.
According to the statement, the company aims to achieve revenue milestone of Rs 100 crore fiscal year 2027. The company reported operating income of Rs 498.4 crore in FY24 as compared to Rs 4,296 crore in FY23.
To support this ambitious growth trajectory, Icon Facilitators Ltd (IFL) is actively exploring an initial public offering (IPO).
The IPO will provide the company with the necessary capital to expand its customer base, strengthen its geographical presence in India and invest in cutting-edge technology to enhance its service offerings, the company said.
Managing Director, International Finance Alliance Dinesh Mahijja “We plan to continue to expand the scope and scope of our current services to existing and new customers by continuing to build our expertise and expand our capabilities,” said the company.
He said that in order to achieve expected growth, we plan to raise funds through IPO and we are confident of achieving revenue of 1 billion rupees in fiscal year 2027.
IFL provides technical facility management services such as electrical system management operations, captive power management, STP/ETP and water treatment, HVAC management, Building Management System (BMS), fire and safety equipment, lift, escalator operation and maintenance and annual maintenance Contract electromechanical equipment.
The company has 72 sites in Haryana, 37 in Uttar Pradesh and 18 in Delhi. It also has operations in other regions, including five sites in Rajasthan and one site each in Punjab and Himachal Pradesh.
IFL recently opened a new office in Bengaluru as part of its strategic expansion into the southern region and expects significant business growth in the region.
It primarily serves industrial, commercial, retail and residential customers B2B model.
