Clear Secured Services Ltd. is launching a ₹85.60 crore SME IPO as a fresh issue of 64,85,000 equity shares. The offer opens on Dec 1, 2025 and closes on Dec 3, 2025. Tentative allotment is expected on Dec 4, 2025, with refunds and credit to demat on Dec 5, 2025, and tentative listing on NSE SME on Dec 8, 2025.
Clear Secured IPO
NSE SME • Fresh Capital (Book-building)
UPCOMING IPOClear Secured Services Ltd. is launching a ₹85.60 crore SME IPO as a fresh issue of 64,85,000 equity shares. The offer opens on Dec 1, 2025 and closes on Dec 3, 2025. Tentative allotment is expected on Dec 4, 2025, with refunds and credit to demat on Dec 5, 2025, and tentative listing on NSE SME on Dec 8, 2025.
Price band is ₹125 to ₹132 per share. Lot size is 1,000 shares; minimum retail application is 2,000 shares (₹2,64,000) (SME retail min = 2 lots).
| Face Value | ₹10 per share |
|---|---|
| Issue Price Band | ₹125 to ₹132 per share |
| Lot Size | 1,000 shares |
| Total Issue Size | 64,85,000 shares (aggregating up to ₹85.60 Cr) |
| Market Maker Reserved | 3,25,000 shares (≈₹4.29 Cr) — Choice Equity Broking Pvt. Ltd. |
| Net Offered to Public | 61,60,000 shares (≈₹81.31 Cr) |
| Issue Type | Book-building IPO (SME) |
| Listing | NSE SME |
| Share Holding (Pre / Post) | 1,75,62,112 / 2,40,47,112 shares |
| Lead Manager | Horizon Management Pvt. Ltd. |
| Registrar | Bigshare Services Pvt. Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of Net Issue |
| NII (HNI) | Not less than 15% of Net Issue |
| Retail (RII) | Not less than 35% of Net Issue |
| IPO Open | Mon, Dec 1, 2025 |
|---|---|
| IPO Close | Wed, Dec 3, 2025 |
| Allotment (Tentative) | Thu, Dec 4, 2025 |
| Initiation of Refunds | Fri, Dec 5, 2025 |
| Credit of Shares to Demat | Fri, Dec 5, 2025 |
| Listing (Tentative) | Mon, Dec 8, 2025 |
| UPI Mandate Cut-off | 5 PM on Wed, Dec 3, 2025 |
| Application | Lots | Shares | Amount (at ₹132) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,64,000 |
| 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 |
Note: amounts shown at upper price band (₹132). Retail min = 2 lots (2,000 shares) as per SME rules.
Clear Secured Services Ltd. (CSS) is a Mumbai-based integrated facility management services provider offering security, housekeeping, repair & maintenance, infrastructure & interiors, HR & staffing, telecom & remote monitoring, and IT services. The company serves customers across telecom, insurance, real estate, oil & gas, banking, retail and government sectors, operating in 17 locations across 15 states and 2 union territories.
Competitive strengths: integrated service offering, nationwide operations with a large workforce, established client relationships, and a scalable business model.
Latest financials (₹ Crore)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Aug 2025 | 303.03 | 231.68 | 13.90 | 21.44 | 132.44 | 114.88 | 131.28 |
| 31 Mar 2025 | 227.55 | 482.74 | 9.92 | 22.37 | 97.35 | 97.10 | 99.37 |
| 31 Mar 2024 | 170.04 | 350.63 | 12.08 | 21.80 | 87.43 | 87.18 | 52.66 |
KPIs (as of Mar 31, 2025): ROE 10.74% | ROCE 23.46% | Debt/Equity 1.02 | PAT Margin 2.08% | EBITDA Margin 4.70% | Price/Book 2.17 | Market Cap: ₹317.42 Cr.
| 1 | Investment in wholly-owned subsidiary (Comfort Techno Services Pvt. Ltd.) for purchase of equipment — ₹5.25 Cr |
|---|---|
| 2 | Working capital requirements — ₹26.00 Cr |
| 3 | Repayment / prepayment of borrowings — ₹35.50 Cr |
| 4 | General corporate purposes |
Company Contact
- Clear Secured Services Ltd., 14B/4, Ground Floor, Plot -14A/14B, New Sion CHS, Swami Vallabhdas Marg, Road No 24, Sindhi Colony, Sion, Mumbai, Maharashtra, 400022
- Phone: 022-20850085
- Email: companysecretary@cssindia.in
- Website: https://www.cssindia.in/index.html
Registrar
- Bigshare Services Pvt. Ltd. — Phone: +91-22-6263 8200 | Email: ipo@bigshareonline.com