Comparison between Clear Secured IPO and Prime Cable Industries IPO.
Clear Secured IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Prime Cable Industries IPO is a SME Bookbuilding proposed to list at NSE SME.
| Clear Secured IPO | Prime Cable Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Indorient Financial Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Choice Equity Broking Pvt.Ltd. | Alacrity Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Clear Secured IPO is up to ₹81.31 Cr whereas the issue size of the Prime Cable Industries IPO is up to ₹38.03 Cr. The final issue price of Clear Secured IPO is ₹132.00 per share and of Prime Cable Industries IPO is ₹83.00 per share.
| Clear Secured IPO | Prime Cable Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹125.00 per share | ₹78.00 per share |
| Issue Price (Upper) | ₹132.00 per share | ₹83.00 per share |
| Issue Price (Final) | ₹132.00 per share | ₹83.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1600 shares |
| Fresh Issue Size | 61,60,000 shares | 39,80,800 shares |
| Fresh Issue Size (Amount) | up to ₹81.31 Cr | up to ₹33.04 Cr |
| OFS Issue Size | 0 shares | 6,01,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹4.99 Cr |
| Issue Size Total | 61,60,000 shares | 45,82,400 shares |
| Issue Size Total (Amount) | up to ₹81.31 Cr | up to ₹38.03 Cr |
Clear Secured IPO opens on Dec 01, 2025, while Prime Cable Industries IPO opens on Sep 22, 2025. The closing date of Clear Secured IPO and Prime Cable Industries IPO is Dec 03, 2025, and Sep 24, 2025, respectively.
| Clear Secured IPO | Prime Cable Industries IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2025 | Sep 19, 2025 |
| Issue Open | Dec 01, 2025 | Sep 22, 2025 |
| Issue Close | Dec 03, 2025 | Sep 24, 2025 |
| Basis Of Allotment (Tentative) | Dec 04, 2025 | Sep 25, 2025 |
| Initiation of Refunds (Tentative) | Dec 05, 2025 | Sep 26, 2025 |
| Credit of Share (Tentative) | Dec 05, 2025 | Sep 26, 2025 |
| Listing date (Tentative) | Dec 08, 2025 | Sep 29, 2025 |
| Anchor Lockin End date 1 | Jan 02, 2026 | Oct 25, 2025 |
| Anchor Lockin End date 2 | Mar 03, 2026 | Dec 24, 2025 |
Clear Secured IPO P/E ratio is 23.36, as compared to Prime Cable Industries IPO P/E ratio of 15.6.
| Clear Secured IPO | Prime Cable Industries IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)Clear Secured Services Ltd.'s revenue increased by 38% and profit after tax (PAT) dropped by 18% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Consolidated)Prime Cable Industries Ltd.'s revenue increased by 71% and profit after tax (PAT) rose by 319% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 99.84 | 92.93 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.03 | 68.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.36 | 15.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹317.42 Cr. | ₹152.06 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 10.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.46% | 25.96% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.02 | 2.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.65 | ₹5.32 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 10.74% | 69.16% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Clear Secured IPO Retail Individual Investors (RII) are offered 21,56,000 shares while in Prime Cable Industries IPO retail investors are offered 21,56,000 shares. Qualified Institutional Buyers (QIB) are offered 12,32,000 shares in Clear Secured IPO and 9,15,200 shares in Prime Cable Industries IPO.
| Clear Secured IPO | Prime Cable Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,48,000 shares | 13,72,800 shares |
| Market Maker Reservation | 3,25,000 shares | 2,41,600 shares |
| QIB | 12,32,000 shares | 9,15,200 shares |
| NII | 9,24,000 shares | 6,88,000 shares |
| RII | 21,56,000 shares | 16,06,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 61,60,000 shares | 45,82,400 shares |
Clear Secured IPO subscribed 8.83x in total, whereas Prime Cable Industries IPO subscribed 8.28x.
| Clear Secured IPO | Prime Cable Industries IPO | |
|---|---|---|
| QIB (times) | 9.98x | 9.91x |
| NII (times) | 12.51x | 9.38x |
| Big NII (times) | 14.66x | 10.49x |
| Small NII (times) | 8.20x | 7.15x |
| RII (times) | 6.60x | 6.89x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 8.83x | 8.28x |
