Clear Secured SME: Check IPO Date, Live Subscription and Key Details
Clear Secured Services Limited (CSS), established in 2008, is a comprehensive facility-management provider delivering a wide range of integrated solutions. Its service portfolio spans security management, housekeeping, repair and maintenance, infrastructure and interior works, HR and staffing, telecom support, remote monitoring, and IT/software services. CSS caters to a diverse set of sectors, including telecom, insurance, real estate, oil and gas, banking, retail, and government organizations, operating across 17 client sites located in 15 states and 2 union territories.
Price Range
₹125.0 - ₹132.0
Issue Size
₹81.31 Cr
Lot Size
1,000 shares
IPO Type
NSE SME
GMP
₹3(+2.27%)
Est. Listing Price
₹135
Estimate Profit
₹6,000
Retail Portion
33.25%
Key Metrics
Check Live GMPGMPFace Value
₹10
EPS
13.87
P/E Ratio
9.52
RoNW
10.74%
ROE
10.74%
Debt to Equity
1.02
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Timeline
IPO Opens
1 Dec
IPO Closes
3 Dec
Allotment
4 Dec
Listing
8 Dec
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 1 December 2025 | Subscription starts |
| IPO Close Date | 3 December 2025 | Subscription ends |
| Allotment Date | 4 December 2025 | Allotment |
| Listing Date | 8 December 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹2,64,000 |
SHNI (Min) | 3 | ₹3,96,000 |
SHNI (Max) | 7 | ₹9,24,000 |
BHNIAbove ₹10,00,000 | 8 | ₹10,56,000 |
IPO Reservation Details
| Category | Reservation |
|---|---|
| QIB (Qualified Institutional Buyer) | 47.49% |
| NII (Non-Institutional Investor) | 14.25% |
| SHNI (Small Non-Institutional Investor) | 4.75% |
| BHNI (Big Non-Institutional Investor) | 9.50% |
| Retail | 33.25% |
| Market Maker | 5.01% |
| Total | 100.00% |
IPO Objectives
- Investment in our wholly owned Subsidiary, Comfort Techno Services Private Limited (“CTSPL”) for funding the Purchase of Equipment (₹5.25 Cr).
- Funding for Working Capital Requirement (₹26.00 Cr).
- Repayment or prepayment of Borrowings (₹35.50 Cr).
- General corporate purposes.
Strengths
- The company offers **Integrated Service Offerings** spanning security, housekeeping, repair, and IT/software services, providing a comprehensive solution to clients.
- It maintains **Direct Operations and a Nationwide Presence** across 17 client sites in 15 states, enabling better control over service quality and delivery.
- The business has **strong relationships with clients** across various sectors, including telecom, insurance, banking, and government organizations, ensuring a diversified revenue base.
- It has **proven financial success** with a scalable business model, showing consistent revenue growth of 38% in FY25.
- IPO funds are **strategically used for debt repayment and working capital** to support future growth and improve financial stability.
Weaknesses
- The company has a **high debt-to-equity ratio of 1.02**, indicating a reliance on borrowings which may impact its financial flexibility.
- The **profit after tax (PAT) declined by 18% in FY25** despite strong revenue growth, suggesting pressure on margins or rising operational costs.
- The **low PAT margin (2.05% in FY25)** indicates thin pricing power in the highly competitive facility management industry.
- It has **high Working Capital Requirements** (₹26.00 Cr from Fresh Issue) combined with a high Debt-to-Equity ratio, posing a significant financial risk.
- The sector is highly competitive and labor-intensive, exposing the company to **high employee attrition and wage cost volatility**.
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Financial Performance
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 303.03 | 227.55 | 170.04 | 153.47 |
| Revenue (₹ Cr.) | 231.68 | 482.74 | 350.63 | 311.71 |
| PAT (₹ Cr.) | 13.9 | 9.92 | 12.08 | 6.85 |
| Net Worth (₹ Cr.) | 132.44 | 97.35 | 87.43 | 75.35 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Clear Secured Services | 2.17 | 9.52 | 10.74% | 132.44 |
| Aarvi Encon | 1.49 | 13.73 | 10.84% | 125 |
| Integrated Personnel | 4.41 | 35.16 | 14.67% | 56.39 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 1x | 3.46x | 9.98x |
| NII | 0.99x | 2.36x | 12.51x |
| S-HNI | 0.3x | 1.04x | 8.2x |
| B-HNI | 1.34x | 3.02x | 14.66x |
| RII | 0.27x | 1.16x | 6.6x |
| Total | 0.64x | 2.08x | 8.83x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 12,32,000 | 1,22,91,000 | 162.24 |
| NII | 9,24,000 | 1,15,56,000 | 152.54 |
| Small NII | 3,08,000 | 25,26,000 | 33.34 |
| Big NII | 6,16,000 | 90,30,000 | 119.2 |
| RII | 21,56,000 | 1,42,32,000 | 187.86 |
| Total | 43,12,000 | 3,80,79,000 | 502.64 |
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Company Details
- Clear Secured Services Ltd.
- 14B/4, Ground Floor, Plot -14A/14B, New Sion CHS, Swami Vallanbhdas Marg, Road No 24, Sindhi Colony, Sion, Mumbai, -400022
- 022-20850085
- companysecretary@cssindia.in
- https://www.cssindia.in/index.html
Registrar Details
- Bigshare Services Pvt.Ltd.
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Frequently Asked Questions
What are the main business offerings of Clear Secured Services?
Clear Secured Services (CSS) offers **integrated facility management**, **security management**, **housekeeping**, **telecom support**, and **infrastructure/interior works** across India.
When will the Clear Secured IPO open and close?
The Clear Secured SME IPO opens for subscription on **December 1, 2025**, and closes on **December 3, 2025**.
What is the IPO price band and listing date?
The price band is **₹125.00 to ₹132.00** per share. The tentative listing date on the **NSE SME** is **December 8, 2025**.
What is the largest objective for which the Fresh Issue funds will be used?
The majority of the net proceeds (₹26.00 Cr) will be used for **Funding Working Capital Requirement**, followed by repayment of borrowings (₹35.50 Cr).
How diversified is the clientele of Clear Secured Services?
CSS serves a highly diverse set of sectors, including **telecom, insurance, real estate, oil and gas, banking, retail, and government organizations** across 17 client sites nationwide.
What are the key financial risks for Clear Secured Services?
The company faces risks from a low **PAT margin (2.05% in FY25)**, a high **Debt-to-Equity ratio of 1.02**, and a decline in PAT in FY25, indicating intense competition and thin margins.
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