Icon Facilitators IPO Review

Icon Facilitators is a focused and integrated business services platform in India offering technical facilities management services to their customers, primarily concentrated in North India presence. They are engaged in business of providing technical facilities management services such as, Electrical System Management Operation, Captive Power Management, STP/ETP and Water Treatment, HVAC Management, Building Management System (BMS), Fire & Safety Equipment’s, Elevators Escalators Operations & Maintenance, Annual Maintenance Contract of E&M Equipment.

The promoter, Mr. Dinesh Makhija who himself is a Mechanical Engineer and has more than 20 years of experience in technical facility management industry he has been instrumental in determining the vision and growth strategies for the Company.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹  5,806.55 Lakh, ₹ 4,984.82 Lakh and ₹  4,296.30 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 655.08 Lakh, ₹  289.96 Lakh and ₹ 311.56 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 447.02 Lakh, ₹ 176.24 Lakh and ₹  192.30 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 7.91 and post-issue EPS of ₹ 5.69 for FY24. The pre-issue P/E ratio is 11.50x, while the post-issue P/E ratio is 16.00x against the Industry P/E Ratio is 16x. The company's ROCE for FY24 is 37.09%, ROE for FY24 is 35.23% and RoNW is 35.23%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Icon Facilitators showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Icon Facilitators Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.