Top technical facilities management services provider Icon Facilitators (IFL) has submitted a draft red herring prospectus (DRHP) for IPO to the BSE SME. The IPO includes new issuance of 21,00,000 equity shares with a face value of Rs 10. IFL plans to use a significant portion of the IPO proceeds for working capital and expansion into southern India, where it recently opened a new office. With a strong presence in North India and plans for expansion, IFL is expected to see high commercial growth and benefit investors.