Speb Adhesives IPO...
27 Nov, 2025
Clear Secured Services Ltd IPO
The Clear Secured Services Ltd. IPO opens for subscription on December 1, 2025 and closes on December 3, 2025. The book-build issue of ₹85.60 crores is entirely a fresh issue of 0.65 crore shares of ₹85.60 crore. The allotment for the Clear Secured IPO is expected to be finalized on December 4, 2025. The Clear Secured IPO will list on NSE SME with a tentative listing date fixed as December 8, 2025.
Bigshare Services Pvt. Ltd. is the registrar of the issue and Horizon Management Pvt. Ltd. is the book running lead manager. The IPO's price band is set at ₹125.00 to ₹132.00 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000.00 (2,000 shares) (based on upper price) and the minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,96,000.
Company Background
A Mumbai-headquartered integrated facility management and support services company, Clear Secured Services Limited (CSS), was originally incorporated as a private limited company in 2008 and later converted into a public company in 2025 to support its expansion and IPO plans.
The company has more than 17 years of operations and has evolved into a pan-India business services platform delivering critical on-ground support to corporates, banks, financial institutions, telecom players, retail chains, eCommerce companies, oil and gas entities, real estate developers and government organizations.
Clear Secured Services Limited positions itself as an innovation-led partner focused on ensuring uptime, safety and operational continuity for mission-critical infrastructure in sectors with high compliance and security requirements. The company has PSARA security licenses across multiple states and strong domain experience; it has built a reputation for reliability, process discipline and technology-led monitoring, supported by a growing network of sites across 15 states and 2 union territories as of mid-2025.
Operations And Product Range
The company operates as a multi-service provider specializing in the segment of Integrated Facility Management (IFM) and Support Services, structured to offer both soft and hard services under a single solutions umbrella.
The soft services portfolio of the company includes housekeeping and deep cleaning, security and guarding services (PSARA-compliant in 11 states), manpower staffing and payroll management, payment management support and waste collection and disposal. Hard services cover electro-mechanical maintenance, repairs and breakdown management, facade cleaning, pest control and infrastructure and interior works for commercial and institutional clients.
The company has developed technology and managed services capabilities such as e-surveillance, remote monitoring and IT / software-enabled process tracking, enabling clients to gain better visibility and control over their distributed assets and branches. The company's integrated bouquet helps the company operate as a one-stop partner for banks, telecom towers, ATMs, retail outlets and corporate facilities, reducing vendor fragmentation and improving service consistency.
Revenue Channels
Primarily, the company generates revenue from long-term and recurring service contracts in integrated facility management, security and support services signed with corporates, BFSI institutions, telecom and infrastructure players, retailers, oil and gas companies, real estate clients and government bodies.
The company’s revenue is diversified across business verticals such as security management, housekeeping and maintenance, HR and staffing, infrastructure and interior solutions, telecom support and technology-enabled remote monitoring and IT services, with billing typically structured as monthly or periodic service charges linked to headcount, sites managed, or defined service-level commitments.
Management And Shareholding
The Promoters of the Company are Vimal Dhar Lalta Prasad Dubey, Rakesh Dhar Dubey, Kusum Vimal Dubey and Sanjay Dubey.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Clear Secured Services Ltd IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Clear Secured Services Ltd IPO Details
| Detail | Description |
|---|---|
| IPO Date | December 1, 2025 to December 3, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹125 to ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 64,85,000 shares (aggregating up to ₹85.60 Cr) |
| Reserved for Market Maker | 3,25,000 shares (aggregating up to ₹4.29 Cr) |
| Net Offered to Public | 61,60,000 shares (aggregating up to ₹81.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,75,62,112 shares |
| Share Holding Post Issue | 2,40,47,112 shares |
Clear Secured Services Ltd IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | December 1, 2025 |
| IPO Close Date | December 3, 2025 |
| Tentative Allotment | December 4, 2025 |
| Initiation of Refunds | December 5, 2025 |
| Credit of Shares to Demat | December 5, 2025 |
| Tentative Listing Date | December 8, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wednesday, December 3, 2025 |
Clear Secured Services Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,64,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 7,000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,56,000 |
Clear Secured Services Ltd IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.84% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Pan-India presence across 15 states and 2 union territories
- • PSARA-compliant security operations across multiple states
- • Long operating track record in integrated facility management
- • Broad bouquet of soft and hard services under one roof
- • Strong relationships with BFSI, telecom, retail and government clients
- • Promoter-led management with 16+ years of sector experience
Clear Secured Services Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2024 | 215.50 | 319.41 | 11.75 | 101.45 | 85.59 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 164.37 | 281.90 | 11.74 | 89.70 | 46.13 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 147.24 | 249.39 | 6.97 | 77.97 | 37.20 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 128.40 | 233.67 | 4.73 | 71.00 | 20.11 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 14% |
| ROCE | 18.93% |
| Debt/Equity | 0.51 |
| RoNW | 14% |
| PAT Margin | 4.21% |
| EBITDA Margin | 7.40% |
| Market Capitalization | ₹317.42 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.68 | 6.51 |
| P/E (x) | 19.75 | 20.27 |
Clear Secured Services Ltd. IPO Objectives
The Clear Secured Services Ltd. IPO proposes to utilize the Net Proceeds from the issue as follows: ₹5.25 crores for investment in its wholly owned Subsidiary, Comfort Techno Services Private Limited (CTSPL), for funding the Purchase of Equipment, ₹26 crores for funding Working Capital requirements, ₹35.50 crores for repayment or prepayment of Borrowings and general corporate purposes.
Conclusion
The Clear Secured Services Ltd. IPO opens for subscription on December 1, 2025 and closes on December 3, 2025. The book-build issue of ₹85.60 crores is entirely a fresh issue of 0.65 crore shares of ₹85.60 crore.
A Mumbai-headquartered integrated facility management and support services company, Clear Secured Services Limited (CSS), was originally incorporated as a private limited company in 2008 and later converted into a public company in 2025 to support its expansion and IPO plans.
The company has PSARA security licenses across multiple states and strong domain experience; it has built a reputation for reliability, process discipline and technology-led monitoring, supported by a growing network of sites across 15 states and 2 union territories as of mid-2025. The company operates as a multi-service provider specializing in the segment of Integrated Facility Management (IFM) and Support Services, structured to offer both soft and hard services under a single solutions umbrella.
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Frequently asked Questions (FAQs )
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Q1: When does Clear Secured Services Ltd. IPO open and close?
The Clear Secured Services Ltd. IPO opens on December 1, 2025 and closes on December 3, 2025.
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Q2: What is the total size of the Clear Secured Services IPO?
The book-build issue of ₹85.60 crores is entirely a fresh issue of 0.65 crore shares of ₹85.60 crore.
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Q3: Where will the Clear Secured Services Ltd. IPO be listed?
The Clear Secured Services Ltd. IPO will be listed on the NSE SME platform.
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Q4: What are the primary objectives for Clear Secured Services Ltd. IPO proceeds?
The Clear Secured Services Ltd. IPO proposes to utilize ₹5.25 crores for investment in its wholly owned Subsidiary, Comfort Techno Services Private Limited (“CTSPL”), for funding the Purchase of Equipment, ₹26 crores for funding Working Capital requirements and ₹35.50 crores for repayment or prepayment of Borrowings and general corporate purposes.
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