Clear Secured IPO
Clear Secured Services Ltd. is launching its SME IPO of 64,85,000 shares, consisting entirely of a fresh issue.
The IPO dates are yet to be announced. The shares will be listed on NSE SME.
🕗 Last Update: 19 November 2025, 6.00 AM
👉 GMP | Reviews | Subscription | Allotment
IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | To be announced |
| IPO Close Date | To be announced |
| Allotment Date | — |
| Refunds Initiation | — |
| Credit to Demat | — |
| Listing Date | — |
| UPI Mandate Cut-off | 5 PM, (closing day) |
IPO Key Details
| Particulars | Details |
|---|---|
| Issue Size | 64,85,000 shares (Rs. [.] crore) |
| Price Band | Rs. [.] – Rs. [.] per share |
| Face Value | Rs. 10 |
| Lot Size | To be announced |
| Minimum Investment (Retail) | — |
| Issue Type | Book Building Issue |
| Listing | NSE SME |
| Lead Manager | Horizon Financial Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Market Maker | — |
Reservation Structure
| Investor Category | Shares Offered | % of Net Issue |
|---|---|---|
| QIB | Not more than 50% | — |
| NII (HNI) | Not less than 15% | — |
| Retail | Not less than 35% | — |
About the Company
Clear Secured Services Ltd. (CSS), headquartered in Mumbai, is an integrated facility management & security services company operating across 15 states & 2 union territories through 17 customer locations.
Core service verticals:
• Security Services
• Housekeeping, Cleaning & Facility Care
• Repair & Maintenance (RnM)
• Infrastructure, Interiors & TIS
• HR & Staffing Solutions
• Telecom & Remote Monitoring
• IT & Software Services
Client base includes: telecom, insurance, real estate, retail, BFSI, oil & gas, and government institutions.
Competitive Strengths
✔ Integrated service offerings enabling cross-selling
✔ Large workforce and direct operational presence across India
✔ Strong client relationships across high-demand sectors
✔ Scalable, efficient business model with robust financial growth
Promoter Holding
• Promoters:
Mr. Vimal Dhar Lalta Prasad Dubey, Mr. Rakesh Dhar Dubey, Mrs. Kusum Vimal Dubey & Mr. Sanjay Dubey
| Particulars | % |
|---|---|
| Pre-Issue Holding | 99.84% |
| Post-Issue Holding | (To be updated after price band)** |
Financials (Rs. in crore)
| Particulars | 31 Dec 2024 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Assets | 215.50 | 164.37 | 147.24 | 128.40 |
| Total Income | 319.41 | 281.90 | 249.39 | 233.67 |
| PAT | 11.75 | 11.74 | 6.97 | 4.73 |
| EBITDA | 18.84 | 20.67 | 14.26 | 10.85 |
| Net Worth | 101.45 | 89.70 | 77.97 | 71.00 |
| Borrowings | 85.59 | 46.13 | 37.20 | 20.11 |
Key Ratios
• ROE: 14%
• ROCE: 18.93%
• Debt/Equity: 0.51
• RoNW: 14%
• PAT Margin: 4.21%
• EBITDA Margin: 7.40%
Objects of the Issue
| S. No. | Purpose | Amount (Rs. Cr) |
|---|---|---|
| 1 | Investment in subsidiary CTSPL for purchase of equipment | 5.25 |
| 2 | Working Capital Requirement | 26.00 |
| 3 | Repayment / Prepayment of Borrowings | 35.50 |
| 4 | General Corporate Purposes | — |
Chanakya View
Clear Secured Services operates in a fast-expanding facility & security management sector with multi-service capabilities and national presence. The company has demonstrated consistent revenue growth and strengthening profitability over FY22–FY24. Its diversified segments (security, staffing, maintenance, IT, telecom) reduce cyclicality and create long-term contracts with institutional clients.
However, margins remain modest, debt has increased sharply (Rs. 20 crore → Rs. 85 crore), and the business continues to be manpower-intensive with competitive pricing pressures.
Chanakya Verdict:
Reasonable fundamentals with stable growth visibility. Attractive only after price band clarity and subscription momentum. Prefer moderate risk-takers to evaluate post-issue valuations.
Company Contact
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
🌐 www.cssindia.in
Registrar
Bigshare Services Pvt. Ltd.
📞 +91-22-6263 8200
✉ ipo@bigshareonline.com
🌐 Check Allotment Status
Quicklinks
Sahifund | BigGaddi | Research Reports | Magajmari
Market Analysis by Nagaraj Shetti | Technical Calls by Vaishali Parekh | HDFC Securities Market Insight
Disclaimer
This coverage is for informational and educational purposes only. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based solely on GMP trends. Consult your SEBI-registered advisor before investing.
