Clear Secured Services IPO
Clear Secured Services Ltd. is launching a book-built SME IPO of Rs. 85.60 crore, consisting entirely of a fresh issue of 64,85,000 equity shares.
The IPO opens on December 1, 2025 and closes on December 3, 2025. The allotment is expected on December 4, and the shares will tentatively list on December 8, 2025 on NSE SME.
The price band is Rs. 125 to Rs. 132 per share. The lot size is 1,000 shares, but the minimum retail application is 2 lots (2,000 shares) requiring an investment of Rs. 2,64,000 at the upper price band.
For HNI: 3 lots (3,000 shares) → Rs. 3,96,000.
Lead Manager: Horizon Management Pvt. Ltd.
Registrar: Bigshare Services Pvt. Ltd.
| Final Subscription Tally Size Rs.85.60 Crore (Closed on 3 Dece. 2025) |
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| QIB | NII x | RII x | Total x | Applications |
| 9.98 | 12.51 | 6.58 | 8.82 | 9005 |
| Subscription Review: |
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🕗 Last Update: 8 December 2025, 6.00 AM
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IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | Monday, December 1, 2025 |
| IPO Close Date | Wednesday, December 3, 2025 |
| Allotment Date | Thursday, December 4, 2025 |
| Refunds Initiation | Friday, December 5, 2025 |
| Credit to Demat | Friday, December 5, 2025 |
| Listing Date | Monday, December 8, 2025 |
| UPI Mandate Cut-off | 5 PM on December 3, 2025 |
Final Subscription Status
Size: Rs. 85.60 crore (closes December 3, 2025)
QIB – x | NII – x | RII – x | Total – x | Applications – [To be updated]
IPO Details
| Particulars | Details |
|---|---|
| Face Value | Rs. 10 per share |
| Issue Price Band | Rs. 125 to Rs. 132 per share |
| Lot Size | 1,000 shares |
| Minimum Retail Application | 2 lots (2,000 shares) |
| Sale Type | Fresh Issue |
| Total Issue Size | 64,85,000 shares (Rs. 85.60 crore) |
| Market Maker Portion | 3,25,000 shares (Rs. 4.29 crore) |
| Net Offer to Public | 61,60,000 shares (Rs. 81.31 crore) |
| Issue Type | Book-Build Issue |
| Listing At | NSE SME |
| Shareholding Pre-Issue | 1,75,62,112 shares |
| Shareholding Post-Issue | 2,40,47,112 shares |
Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | Not more than 50% |
| Retail | Not less than 35% |
| NII | Not less than 15% |
Application Details
| Category | Lots | Shares | Amount (Rs.) |
|---|---|---|---|
| Retail – Min/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 |
Promoter Holding
Promoters: Mr. Vimal Dhar Lalta Prasad Dubey, Mr. Rakesh Dhar Dubey, Mrs. Kusum Vimal Dubey and Mr. Sanjay Dubey
| Particulars | Percentage |
|---|---|
| Promoter Holding Pre-Issue | 99.84% |
| Promoter Holding Post-Issue | [To be updated] |
About Clear Secured Services Ltd.
Clear Secured Services Ltd. (CSS) is a Mumbai-based integrated facility management services provider offering a wide range of security, maintenance, manpower, telecom and IT solutions.
Key service offerings include:
• Security Services (trained security personnel, monitoring)
• Housekeeping & Cleaning
• Repair & Maintenance (RnM)
• Infrastructure & Interiors (TIS)
• HR & Staffing Solutions
• Telecom & Remote Monitoring
• IT & Software Services
The company serves clients across industries such as telecom, insurance, real estate, oil & gas, banking, retail, and government sectors.
CSS currently operates at 17 customer locations across 15 states and 2 Union Territories.
Competitive Strengths
• Integrated service portfolio enabling “one-window solutions”
• Pan-India presence with direct operations
• Strong client relationships across key sectors
• Proven track record of financial growth and scalable operations
Financial Snapshot (Rs. Crore) – Restated
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 215.50 | 164.37 | 147.24 | 128.40 |
| Total Income | 319.41 | 281.90 | 249.39 | 233.67 |
| Profit After Tax | 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 |
| Reserves & Surplus | 101.20 | 89.45 | 77.72 | 70.75 |
| Total Borrowings | 85.59 | 46.13 | 37.20 | 20.11 |
Key Performance Indicators
| KPI | Value |
|---|---|
| ROE | 14% |
| ROCE | 18.93% |
| Debt/Equity | 0.51 |
| RoNW | 14% |
| PAT Margin | 4.21% |
| EBITDA Margin | 7.40% |
| Market Capitalization | Rs. 317.42 crore |
| EPS (Pre-Issue) | Rs. 6.68 |
| EPS (Post-Issue) | Rs. 6.51 |
| P/E (Pre-Issue) | 19.75x |
| P/E (Post-Issue) | 20.27x |
Objects of the Issue
| S.No. | Object | Amount (Rs. crore) |
|---|---|---|
| 1 | Investment in subsidiary CTSPL for purchase of equipment | 5.25 |
| 2 | Working capital requirements | 26.00 |
| 3 | Repayment/prepayment of borrowings | 35.50 |
| 4 | General corporate purposes | — |
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
Phone: 022-20850085
Email: companysecretary@cssindia.in
Website: https://www.cssindia.in
Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Lead Manager
Horizon Management Pvt. Ltd.
Quicklinks
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Disclaimer
This coverage is for informational and educational purposes. Chanakya Ni Pothi does not deal in Grey Market Premiums or recommend investments based on GMP data. Please consult your SEBI-registered investment advisor.
