Comparison between Icon Facilitators IPO and Victory Electric Vehicles IPO.
Icon Facilitators IPO is a SME Fixed Price IPO proposed to list at BSE SME while Victory Electric Vehicles IPO is a SME Fixed Price proposed to list at NSE SME.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Khambatta Securities Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Icon Facilitators IPO is up to ₹18.15 Cr whereas the issue size of the Victory Electric Vehicles IPO is up to ₹32.83 Cr. The final issue price of Icon Facilitators IPO is ₹91.00 per share and of Victory Electric Vehicles IPO is ₹41.00 per share.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹85.00 per share | |
| Issue Price (Upper) | ₹91.00 per share | |
| Issue Price (Final) | ₹91.00 per share | ₹41.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 3000 shares |
| Fresh Issue Size | 19,94,400 shares | 80,07,000 shares |
| Fresh Issue Size (Amount) | up to ₹18.15 Cr | up to ₹32.83 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 19,94,400 shares | 80,07,000 shares |
| Issue Size Total (Amount) | up to ₹18.15 Cr | up to ₹32.83 Cr |
Icon Facilitators IPO opens on Jun 24, 2025, while Victory Electric Vehicles IPO opens on Jan 07, 2026. The closing date of Icon Facilitators IPO and Victory Electric Vehicles IPO is Jun 26, 2025, and Jan 09, 2026, respectively.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jun 24, 2025 | Jan 07, 2026 |
| Issue Close | Jun 26, 2025 | Jan 09, 2026 |
| Basis Of Allotment (Tentative) | Jun 27, 2025 | Jan 12, 2026 |
| Initiation of Refunds (Tentative) | Jun 30, 2025 | Jan 13, 2026 |
| Credit of Share (Tentative) | Jun 30, 2025 | Jan 13, 2026 |
| Listing date (Tentative) | Jul 01, 2025 | Jan 14, 2026 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Icon Facilitators IPO P/E ratio is 11.72, as compared to Victory Electric Vehicles IPO P/E ratio of 12.41.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Icon Facilitators Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 95.65 | 97.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.09 | 63.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.72 | 12.41 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹71.52 Cr. | ₹98.77 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.23 | 42.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 37.09 | 31.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.35 | 0.62 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.76 | ₹3.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.23 | 42.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Icon Facilitators IPO Retail Individual Investors (RII) are offered 9,46,800 shares while in Victory Electric Vehicles IPO retail investors are offered 9,46,800 shares. Qualified Institutional Buyers (QIB) are offered in Icon Facilitators IPO and 0 shares in Victory Electric Vehicles IPO.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,05,600 shares | 4,23,000 shares |
| QIB | 0 shares | |
| NII | 9,46,800 shares | 40,02,000 shares |
| RII | 9,46,800 shares | 40,05,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 19,94,400 shares | 80,07,000 shares |
Icon Facilitators IPO subscribed 2.49x in total, whereas Victory Electric Vehicles IPO subscribed 0.95x.
| Icon Facilitators IPO | Victory Electric Vehicles IPO | |
|---|---|---|
| QIB (times) | 2.18x | |
| NII (times) | 0.92x | 0.91x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 4.10x | 0.99x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.49x | 0.95x |
