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Clear Secured IPO
Price Band
₹125.0–132.0
Issue Size
₹85.6 Cr
Lot Size
1,000 shares
Min Investment
₹264,000
2 LOTS MIN
GMP
+₹3.0 (2.27%)
Issue Price
₹132.0
Subject to Sauda
₹2300
Paid only if allotted
Clear Secured IPO AI Summary
- Clear Secured IPO is listed on NSE SME in the Diversified Commercial Services sector.
- Price band: ₹125.0–₹132.0 per share, lot size 1,000 shares (min. investment ₹264,000, 2 lots minimum).
- Subscription window: 01 Dec–03 Dec 2025, listing on 08 Dec 2025.
- Current GMP is +₹3.0 (2.27%), an estimated listing price of ₹135 — unofficial and can change daily.
Clear Secured Services Limited is positioned in the diversified commercial services sector, offering a range of facility management solutions. With a strong operational presence and a strategic business model, the company aims to leverage its integrated service offerings for growth.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Clear Secured IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 03 Dec 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Clear Secured IPO Grey Market Premium (GMP) Today
GMP
+₹3.0
GMP %
+2.27%
Est. Listing
₹135.0
Updated: 25 Jul 2026 14:15
About the Company
Clear Secured Services Limited (CSS) is a Mumbai‑based facility management, offering integrated security, maintenance, infrastructure, staffing, telecom, and IT services. Key services: Security Services Housekeeping & Cleaning Repair & Maintenance (RnM) Infrastructure & Interiors (TIS) HR & Staffing Solutions Telecom & Remote Monitoring IT & Software Services The company serves customers across industries, i.e., telecom, inurannsurance, real estate, oil and gas, banking, retail, and government. Currently, the company is serving 17 customer locations in 15 states and 2 union territories. Competitive strengths Integrated Service Offerings and Strategic Business Model Positioned for Industry Growth Direct Operations and Nationwide Presence with large workforce Strong, Ongoing Relationships with Clients Across Key Sectors Proven Financial Success Driven by Scalable, Efficient Business Model
Company Financials (₹ Cr)
As of 2025-08-31
| Period Ended | 31 Aug 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 303.03 | 227.55 | 170.04 | 153.47 |
| Total Income | 231.68 | 482.74 | 350.63 | 311.71 |
| Profit After Tax | 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 | 52.66 | 44.19 |
Key Ratios
EPS
₹5.65
NAV
₹60.85
ROE
10.74%
ROCE
23.46%
RoNW
10.74%
P/B Value
2.17
P/E Ratio
23.36
Market Cap
₹317.42 Cr
PAT Margin
2.08%
Debt/Equity
1.02
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic |
|---|---|---|---|---|
| Kapston Services | 43.81 | 22.23% | 36.71 | 8.79 |
| Integrated Personnel Services | 65.51 | 13.72% | 32.01 | 8.59 |
| Aarvi Encon | 84.62 | 8.3% | 20.28 | 6.79 |
| Clear Secured Services This IPO | 60.85 | 10.74% | — | 6.2 |
Promoters
Vimal Dhar Lalta Prasad Dubey, Rakesh Dhar Dubey, Kusum Vimal Dubey and Sanjay Dubey
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Investment in wholly owned Subsidiary, Comfort Techno Services Pvt.Ltd. (CTSPL) for funding the Purchase of Equipment 5.25 2 Funding for Working Capital Requirement 26.00 3 Repayment or prepayment of Borrowings 35.50 4 General Corporate Purposes 7.86 5 Issue Expenses 10.99 Total 85.60
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹311.71 Cr in the year ended 31 Mar 2023, increasing to ₹350.63 Cr by 31 Mar 2024, and further rising to ₹482.74 Cr by 31 Mar 2025. However, for the period ending 31 Aug 2025, total income is reported at ₹231.68 Cr, which is a 9-month figure and not directly comparable to the full fiscal years.
Profit Trend
Profit after tax was ₹6.85 Cr in the year ended 31 Mar 2023, rising to ₹12.08 Cr by 31 Mar 2024, and further increasing to ₹9.92 Cr by 31 Mar 2025. The profit after tax for the period ending 31 Aug 2025 is ₹13.90 Cr, though this is a 9-month figure and not a full year, so isn't directly comparable.
Valuation
At the issue price of ₹132.0, Clear Secured Services has an implied P/E ratio of 23.36 based on its earnings per share of ₹5.65. This is in comparison to its peers, which have P/E ratios ranging from 20.28 to 36.71.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand for the shares before they are officially listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a premium over the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy, considering factors such as the company's growth potential and industry position.
Who May Want to Wait
Those who prefer stable investments with lower risk may want to avoid IPOs, as they can be subject to high volatility and uncertainty in the short term.
IPO Timeline, Explained
The IPO opens for subscription on December 1, 2025, and closes on December 3, 2025. Allotment of shares will be done on December 4, 2025, and the shares are expected to be listed on the stock exchange on December 8, 2025.
Listing Gains — The Risk
Investors should be aware that listing-day gains are not guaranteed. The stock's performance can be influenced by market conditions, investor sentiment, and company fundamentals. It is important to consider these factors when investing in an IPO.
This evaluation is generated from Clear Secured's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Clear Secured IPO GMP today?
Clear Secured IPO GMP today is +₹3.0 (2.27%), indicating an estimated listing price of ₹135. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Clear Secured IPO?
The price band of Clear Secured IPO is ₹125.0–₹132.0 per share.
When does Clear Secured IPO open and close?
Clear Secured IPO opens on 01 December 2025 and closes on 03 December 2025.
When does Clear Secured IPO list on the stock exchange?
Clear Secured IPO listed on 08 December 2025 at ₹135.0.
What is the lot size for Clear Secured IPO?
The lot size for Clear Secured IPO is 1000 shares, requiring a minimum investment of ₹264,000 (2 lots).
What is the price band for the IPO?
The price band for the IPO is ₹125.0 to ₹132.0.
What is the minimum investment required?
The minimum investment required is ₹264,000, which corresponds to a lot size of 1000 shares.
When does the IPO open and close?
The IPO opens on December 1, 2025, and closes on December 3, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
When is the listing date for the shares?
The shares are expected to be listed on December 8, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
01 Dec 2025
Close
03 Dec 2025
Allotment
04 Dec 2025
Listing
08 Dec 2025
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