Icon Facilitators Reports Strong Half-Year Performance and IPO Fund Utilization

Icon Facilitators Limited , a provider of housekeeping and maintenance services, has announced its unaudited financial results for the half-year ended September 30, 2025, showcasing robust performance and efficient utilization of its Initial Public Offer (IPO) funds.

Financial Highlights

The company reported a significant increase in its revenue from operations, reaching Rs 29.79 crore for the half-year period. This performance demonstrates Icon Facilitators' strong market position and effective service delivery in the housekeeping and maintenance sector.

Notably, Icon Facilitators achieved a profit after tax of Rs 1.47 crore, indicating healthy profitability and efficient cost management. The company's financial results reflect its ability to capitalize on market opportunities while maintaining a focus on bottom-line growth.

IPO Fund Utilization

Icon Facilitators completed its Initial Public Offer on July 1, 2025, raising a total of Rs 19.11 crore. The IPO involved the issuance of 21,00,000 equity shares with a face value of Rs 10 each at an issue price of Rs 91 per share, including a premium of Rs 81.

As of September 30, 2025, the company has reported utilizing Rs 12.19 crore of the IPO proceeds. This utilization aligns with the stated objectives of the IPO, which included addressing working capital requirements and general corporate purposes. Icon Facilitators has confirmed that there have been no deviations in the use of the IPO funds from the originally disclosed intentions.

Balance Sheet Strength

The unaudited financial results also reveal a strong balance sheet position for Icon Facilitators. As of September 30, 2025, the company reported:

This robust financial position provides Icon Facilitators with a solid foundation for future growth and expansion opportunities.

Management Commentary

Dinesh Makhija, Managing Director of Icon Facilitators Limited, stated in the company's filing, "We are pleased with our performance in the first half of the financial year. Our strong revenue growth and profitability demonstrate the effectiveness of our business model and the growing demand for our services. The successful utilization of our IPO funds is supporting our working capital needs and enabling us to pursue our growth strategies."

Future Outlook

While the company operates in a single business segment of housekeeping and maintenance services within India, its strong financial performance and efficient capital utilization position it well for potential expansion and market share growth in the coming periods.

Icon Facilitators' shares are listed on the SME platform of BSE Limited, providing investors with an opportunity to participate in the company's growth story in the facilities management sector.

As the company continues to execute its business strategies and utilize its IPO funds effectively, stakeholders will be keenly watching its performance in the subsequent quarters.