Icon Facilitators Targets Rs 100-Cr

New Delhi: Technical facilities management services provider Icon Facilitators on Thursday announced its plan to launch the initial public offer to raise money for expanding operations and is targeting Rs 100 crore revenue by FY27. Khambatta Securities Limited has been appointed as the book-running lead manager to oversee the IPO process, a company statement said. According to the statement, the company aims to achieve a remarkable milestone of Rs 100 crore in revenue by the financial year 2027. It reported Rs 49.84 crore revenue from operations in FY24 against Rs 42.96 crore in FY23. To support this ambitious growth trajectory, it stated that 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 client base, strengthen its geographic presence across India, and invest in cutting-edge technologies to enhance its service offerings, it said.