Updated on 08.12.2025 @ 11:25 AM
Clear Secured Services Limited is launching its Initial Public Offering (IPO) on the NSE EMERGE platform.
It is an integrated facility management and agro-trading company.
The subscription for this public issue will open on December 1, 2025, and close on December 3, 2025.
The company aims to raise up to ₹85.60 crores through a 100% fresh issue of shares.
The price band has been fixed at ₹125 to ₹132 per share, with a minimum lot size of 1,000 shares.
While Clear Secured Services has demonstrated growth, investors must be cautious of its high debt levels and diversified business model.
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In this article, you will find Clear Secured Services IPO GMP today, subscription status, allotment date, price band, and a detailed, unbiased review to help you make an informed decision.
Briefs of Clear Secured Services IPO Details
- Price Band: ₹125 to ₹132 per share
- IPO Open / Close Dates: December 1, 2025 – December 3, 2025
- Lot Size: 1,000 Shares
- Issue Size: 64,85,000 shares (aggregating up to ₹85.60 Crores)
- Fresh Issue / OFS: 100% Fresh Issue
- Registrar: Bigshare Services Pvt.Ltd.
- Listing Exchange: NSE SME
What is The Clear Secured Services IPO GMP Today?
- Check the Clear Secured Services IPO GMP Here. (The Grey Market Premium (GMP) is an unofficial indicator reflects market sentiment and investor demands and it is not regulated by nse/bse/sebi).
Listing Updates
| Type | Issue Price | Open | Gain/loss |
| Lisiting | 132 | 119 | -9.8 |
What are The Clear Secured Services IPO Dates & Allotment Schedule?
- IPO Open & Close Date: December 1, 2025 – December 3, 2025
- Basis of Allotment Date: December 4, 2025
- Refund Initiation Date: December 5, 2025
- Credit of Shares: December 5, 2025
- Listing Date: December 8, 2025
What are The Objectives of Clear Secured Services IPO?
The company intends to utilise the net proceeds from the public offering to strengthen its balance sheet and fund its operational requirements:
- Repayment of Borrowings (₹35.50 Crores): The largest portion of the IPO proceeds will be used to reduce its significant short-term debt, which will lower finance costs. Investors planning long-term wealth creation can also explore our SIP Calculator to understand how disciplined investing grows over time.
- Funding Working Capital Requirements (₹26.00 Crores): To manage its operational cycle, which has been under strain due to high receivables.
- Investment in Subsidiary (₹5.25 Crores): For the purchase of equipment for its wholly-owned subsidiary. If you are evaluating long-term goals, our Retirement Calculators can help you estimate how much you need to retire comfortably.
- General Corporate Purposes: The balance amount will be used for other strategic requirements.
How is The Financial Performance of Clear Secured Services?
The following table summarizes the company's financial performance based on restated consolidated data.
(Amounts in ₹ Crores)
| Particulars | Period Ended 31 Aug 2025 (5 Months) | Year Ended 31 Mar 2025 | Year Ended 31 Mar 2024 | Year Ended 31 Mar 2023 |
Total Income | 231.68 | 482.74 | 350.63 | 311.71 |
Profit After Tax (PAT) | 13.90 | 9.92 | 12.08 | 6.85 |
EBITDA | 21.44 | 22.37 | 21.80 | 14.58 |
Net Worth | 132.44 | 97.35 | 87.43 | 75.35 |
Reserves and Surplus | 114.88 | 97.10 | 87.18 | 75.10 |
Total Borrowing | 131.28 | 99.37 | 52.65 | 44.19 |
Assets | 303.03 | 227.55 | 170.04 | 153.47 |
Source: RHP India
Key Financial Observations:
Profit After Tax (PAT):
PAT for the 5-month period ending August 2025 stands at ₹13.90 Crores, surpassing the full-year profit of FY25. This indicates improved margins and a shift in revenue mix. For readers looking to build similar analytical or content-driven income streams, our Blogging Course can help you learn how to turn insights into a long-term earning asset.
Total Income:
Revenue has shown consistent growth, driven by the core facility management business and the addition of agro-product trading. The 5-month revenue of ₹231.68 Crores suggests a strong run rate for the current fiscal year.
EBITDA:
EBITDA margins have improved to 9.39% in the recent 5-month period, compared to 4.70% in FY25, reflecting better operational efficiency. If you're exploring digital income opportunities, our Make Money With ChatGPT Course offers practical ways to leverage AI for online earnings.
Total Borrowings:
Debt has risen significantly to ₹131.28 Crores as of August 2025, increasing the company's leverage. A large part of the IPO proceeds is earmarked to reduce this debt burden.
Assets:
Total assets have grown to ₹303.03 Crores, driven by an increase in trade receivables and capital expenditure, highlighting the capital-intensive nature of the expanded operations.
How is The P/E Ratio & Peer Comparison?
Based on its Fiscal Year 2025 earnings per share (EPS) of ₹6.20, the IPO is priced at a Price-to-Earnings (P/E) multiple of approximately 21.3x at the upper end of the price band (₹132).
P/E Ratio = ₹132 (Price) / ₹6.20 (Earnings Per Share)
P/E Ratio ≈ 21.3x
This valuation appears reasonable when compared to its listed peers in the facility management and support services sector.
| Company Name | P/E Ratio | Revenue (FY25, ₹ Cr) | EBITDA Margin (%) (FY25) | RoNW (%) (FY25) |
Clear Secured (at IPO price) | ~21.3x | ₹476.18 Cr | 4.70% | 10.74% |
| Aarvi Encon Ltd | 20.28x | ₹510.39 Cr | 2.62% | 8.30% |
| Kapston Services Ltd | 36.71x | ₹689.43 Cr | 4.49% | 22.23% |
| Integrated Personnel Services | 32.01x | ₹316.23 Cr | 3.83% | 13.72% |
Analysis for Investors:
The comparison shows that Clear Secured Services is priced competitively relative to its peers. Its P/E ratio is lower than Kapston Services and Integrated Personnel Services, while being in line with Aarvi Encon. Additionally, its EBITDA margin of 4.70% is superior to most peers, indicating better operational efficiency in a low-margin industry.
Industry Outlook
- Clear Secured Services operates in the highly fragmented facility management industry.
- The company provides soft services like housekeeping and security, as well as hard services like maintenance.
- It has also diversified into agro-trading and manufacturing of steel products.
- The demand for organized facility management is robust, driven by the growth of commercial real estate and infrastructure. However, the sector is competitive with thin margins.
What Are The Strengths and Risks of Clear Secured Services IPO?
Strengths:
- Diversified Business Model: A mix of facility management, trading, and manufacturing provides multiple revenue streams.
- Improving Profitability: Recent financial data shows a strong uptake in margins and profitability.
- Reasonable Valuation: The IPO is priced attractively compared to industry peers with similar or lower margins.
- Debt Reduction Plan: A clear plan to use IPO proceeds to deleverage the balance sheet.
Risks:
- High Debt: The company's current debt levels are high, which increases financial risk, although the IPO aims to address this.
- Customer Concentration: A significant portion of revenue comes from a few large clients, making the business vulnerable to contract losses.
- Geographic Concentration: Heavy reliance on the Maharashtra region for revenue.
- Business Complexity: The mix of unrelated businesses like facility management and agro-trading adds operational complexity.
What Are The Expert Recommendations – Should You Apply?
Subscribe for Long-Term
The Clear Secured Services IPO offers a reasonably valued entry into a growing service sector player.
- For Value Investors: The valuation discount to peers and improving margins make it an interesting pick.
- For Growth Investors: The company's diversified model and recent profit surge indicate potential for future growth.
- Our View: While the high debt and complex business model are risks, the IPO pricing factors these in. The debt reduction post-IPO should strengthen the balance sheet. We recommend "Subscribe for Long-Term" for investors who are comfortable with the diversified business risks.
Key Takeaways
- IPO Price Band: ₹125 to ₹132 per share
- Lot Size: 1,000 Shares (Minimum Investment: ₹1,32,000)
- GMP Today: ₹0 (Not trading)
- Allotment & Listing Dates: Tentative listing on December 8, 2025.
- Recommendations of experts: A "Subscribe for Long-Term" recommendation. A reasonably valued IPO with improving financials, suitable for investors willing to hold for the long haul.
FAQs on Clear Secured Services IPO
What is Clear Secured Services IPO price band?
The price band for the IPO is set at ₹125 to ₹132 per equity share.
What is Clear Secured Services IPO allotment date?
The allotment of shares is tentatively expected to be finalized on Thursday, December 4, 2025.
How to check Clear Secured Services IPO allotment status?
You can check the allotment status on the website of the IPO registrar once the basis of allotment is finalized.
What is Clear Secured Services IPO listing date?
The company's shares are tentatively scheduled to be listed on the NSE SME platform on Monday, December 8, 2025.
Should I apply for Clear Secured Services IPO?
Yes, this is a recommended IPO for long-term investors. The company offers a diversified business model and is priced reasonably compared to its peers, providing a potential upside post-listing and debt reduction.
Disclaimer
This IPO information is for educational purposes only. GMP is unofficial and may vary. Please verify details and consult a financial advisor before investing.
