You could have downloaded IconMaster Lite 1.0.3 from our software library for free. The most popular version of the tool is 1.0. IconMaster Lite belongs to Desktop Tools. IconMaster.exe is the default file name to indicate the IconMaster Lite installer. The actual developer of the software is Gaia Consulting.
From the developer:
IconMaster Lite is an essential tool for true color icon creation with advanced import and resizing functions (box filters for resizing)
Key features
Multiimage icons, Any size icon, 32bit and 24 color icon, import from bimaps (BMP, GIF, JPG, WMF) and clipboard, export to BMP or clipboard.
You may want to check out more software, such as K-Lite Pro, Da-Lite Screen Designer or Jigsaw Puzzle Lite, which might be related to IconMaster Lite.
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