Icon Facilitators Limited (IFL), a major player in North India's facilities management sector, has announced plans for significant growth, aiming to achieve INR 100 crore in revenue by 2027. To fund its expansion, IFL plans to launch an initial public offering (IPO), with Khambatta Securities Limited as the lead manager. The raised capital will enhance IFL’s services, technology, and presence across India. Currently operating in regions like Haryana, Uttar Pradesh, and Delhi, IFL also recently expanded into Bengaluru. With a diverse client base and experienced leadership under Dinesh Makhija, IFL is positioned for continued growth in the facilities management industry.
Icon Facilitators Limited (IFL) is a key player in North India’s facilities management sector. The company has announced plans for significant growth. IFL aims to achieve a revenue of INR 100 crores by the financial year 2027. To reach this target, IFL is looking into launching an initial public offering (IPO) to raise funds. This capital will help the company expand its client base, increase its presence across India, and invest in advanced technologies to improve its services. With a strong focus on technology and client satisfaction, IFL is set for growth.
The IPO will provide important funds for IFL’s expansion plans. IFL has selected Khambatta Securities Limited as the lead manager for the IPO process. This partnership will help IFL successfully navigate the capital markets. The money raised will improve the company’s operations and services, making it more competitive in the facilities management industry. IFL offers a variety of technical facilities management services. These include managing electrical systems, operating captive power, and handling sewage treatment plants (STP/ETP) and water treatment. They also manage heating, ventilation, and air conditioning (HVAC) systems, building management systems (BMS), and fire safety equipment maintenance.
The company has a significant presence in Haryana, Uttar Pradesh, and Delhi, with 72, 37, and 18 sites respectively. Recently, IFL opened a new office in Bengaluru, to enter the expanding southern market. IFL serves many clients across different sectors. In the industrial sector, they work with notable companies like ISGEC Heavy Engineering and Maruti Suzuki. In the commercial space, they maintain malls such as Vegas Mall, Eros Metro Mall and East Delhi Mall. They also collaborate with top real estate firms like DLF and Tata Housing for residential projects. One of their important projects is maintaining Bharat Mandapam, which promotes international trade. Corporates like Macquarie, Deloitte, HCL, CBRE, and JLL also depend on IFL for their facility management needs.
In the fiscal year 2024, IFL reported revenue from operations of INR 49.84 crore and a profit after tax (PAT) of INR 1.76 crore. This was an increase from the previous year, where they had a revenue of INR 42.96 crore and a PAT of INR 1.92 crore. With plans for an IPO and strong growth targets, IFL aims to strengthen its position in the facilities management sector. Dinesh Makhija is the promoter of IFL and has over 25 years of experience in technical facility management. He helps shape the company’s vision and growth strategies. Based on reports, Makhija is active in daily operations and makes sure that the company meets legal and compliance standards. Under his leadership, IFL has more than 1,800 staff members, many of whom have strong technical skills in their fields.
The IPO will provide crucial funds for IFL's expansion, enhancing its competitiveness in the facilities management industry. With significant operations across multiple regions and a diverse client base, IFL aims to further strengthen its market position. Under the experienced leadership of Dinesh Makhija, the company continues to grow, ensuring high standards in operations and compliance.
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