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InvestmentsIPOClear Secured Services IPO

Clear Secured Services IPO

SME

Open Date

1 Dec 2025

Close Date

3 Dec 2025

Min Investment

₹ 2,50,000

Max Investment

₹ 5,00,000

Lot Size

1,000

Issue Size

₹ 85.60 Cr

Price Range

₹ 125 - ₹ 132
status

IPO Closed Now.

IPO Timeline
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IPO Offer Start
1 Dec 2025
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IPO Offer Ends
3 Dec 2025
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Allotment Finalisation
4 Dec 2025
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Refund Initialisation
5 Dec 2025
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Non-Institutional Buyers (sHNI)
5 Dec 2025
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Listing of Shares
8 Dec 2025
IPO Subscription Details as on 5 Dec 2025, 10:19 AM
Qualified Instituational Buyers (QiB)
9.07 x
Retail
5.68 x
Total
7.71 x
Non-Institutional Buyer (bHNI)
12.7 x
Non-Institutional Buyer (sHNI)
6.49 x
Note: This information is provided for general guidance only. Dates may be subject to change.
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Financials of Clear Secured Services IPO

Income Statement
Balance Sheet
Cash Flows
Total Income
Total Expenses
Total Profit
Key Performance IndicatorsMar 2023Mar 2024Mar 2025
Operating Revenue309.04347.54476.18
Other Income2.683.096.56
Total Income
311.71350.63482.74
Total Expenses
301.64332.61457.50
Profit Before Tax9.8818.0416.79
Total Profit
6.8512.089.92

All figures are in crores (₹)

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Utilisation of Proceeds

All figures are in crores (₹)

PurposeAmount
The company proposes to invest in its wholly owned subsidiary CTSPL for purchase of e-surveillance equipment. The investment will be undertaken in the form of equity or debt or a combination of both to expand market and customer base retention, strengthening and growth.5
The company operates a non-seasonal, tender-driven model and requires working capital to support ongoing operational requirements, including manpower costs, consumables, statutory dues, and vendor payments given the procedural payment cycles associated with government clients.26
The company intends to utilize proceeds towards full or part repayment and/or pre-payment of borrowings to reduce outstanding indebtedness and debt servicing costs, maintain low debt equity ratio and enable utilization of accruals for further business growth and expansion.36
The company will deploy proceeds for general corporate purposes including initial development costs for new business, meeting operating expenses, strengthening business development and marketing capabilities, meeting exigencies, and other purposes as approved by the Board of Directors.-
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  • Integrated Service Offerings and Strategic Business Model Positioned for Industry Growth: The company offers a diverse range of integrated facility management services across various sectors with broad geographic reach and extensive customer base. The company served 271, 247, 208 and 117 customers in FYs 2023, 2024, 2025 and for five months August 31, 2025, respectively.
  • Direct Operations and Nationwide Presence with Large Workforce: The company maintains direct operations across 17 customer locations in 15 states and 2 union territories in India with a workforce of around 4,025 employees. The company operates through 17 branch offices spread across key geographies as on August 31, 2025.
  • Strong, Ongoing Relationships with Clients Across Key Sectors: The company has long-term relationships with prestigious clients with 6 key customers being with the company for over 5 years. In FY 2025, FY 2024 and FY 2023, all customers with expiring contracts either renewed or extended their agreements.
  • Proven Financial Success Driven by Scalable, Efficient Business Model: From FY 2023 to FY 2025, the company's revenue from operations, total profit and adjusted EBITDA grew at CAGR of 15.50%, 13.12%, and 27.77% respectively. ROE increased from 9.53% in FY 2023 to 10.74% in FY 2025.

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©2021-2025 Raise Securities Private Limited (formerly Moneylicious Securities Private Limited). All rights reserved. CIN: U74999MH2012PTC433549 Raise Securities is part of Raise Financial Services.

SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320
Registered & Corporate Office: Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104, Customer Care: 9987761000.


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