Icon Facilitators (IFL), the leading technical facilities management services provider in North India, has filed its draft red herring prospectus (DRHP) with the BSE SME for an IPO.
The company’s initial public offering comprises a fresh issuance of 21,00,000 equity shares, each with a face value of Rs 10.
According to DRHP, IFL intends to utilise Rs 16 crores of the total IPO proceeds towards working capital requirements including margin money, and the remaining capital will be used for general corporate purposes.
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