Bookbuilding IPO | ₹86 Cr | Listed at NSE SME | Mon, Dec 1, 2025 - Wed, Dec 3, 2025
Clear Secured IPO is a book build issue of ₹85.60 crores. The issue is entirely a fresh issue of 0.65 crore shares of ₹85.60 crore.
Clear Secured IPO bidding started from Dec 1, 2025 and ended on Dec 3, 2025. The allotment for Clear Secured IPO was finalized on Dec 4, 2025. The shares got listed on NSE SME on Dec 8, 2025.
Clear Secured IPO price band is set at ₹132 per share. The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,64,000 (2,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,000 shares), amounting to ₹3,96,000.
Horizon Management Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Choice Equity Broking Pvt.Ltd..
Refer to Clear Secured IPO RHP for detailed Information.
IPO Open
Mon, Dec 1, 2025
IPO Close
Wed, Dec 3, 2025
Issue Price
₹132 per share
Market Cap (Pre-IPO)
₹317.42 Cr
| IPO Date | 1 to 3 Dec, 2025 |
| Listed on | Mon, Dec 8, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹125 to ₹132 |
| Issue Price | ₹132 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 64,85,000 shares (agg. up to ₹86 Cr) |
| Reserved for Market Maker | 3,25,000 shares Choice Equity Broking Pvt.Ltd. (agg. up to ₹4 Cr) |
| Fresh Issue (Ex Market Maker) | 61,60,000 shares (agg. up to ₹81 Cr) |
| Net Offered to Public | 61,60,000 shares (agg. up to ₹81 Cr) |
| Share Holding Pre Issue | 1,75,62,112 shares |
| Share Holding Post Issue | 2,40,47,112 shares |
| NSE Symbol | CSSL |
| ISIN | INE1EF801010 |
Clear Secured IPO comprises a total issue size of 64,85,000 shares. The net offer to the public is 61,60,000 shares, after excluding 3,25,000 shares allotted on a firm basis. Of the Net offer 30,80,000 (50.00%) are allocated to QIB, 9,24,000 (15.00%) allocated to NII 21,56,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 30,80,000 | 50.00% | 47.49% |
| − Anchor Investor Shares Offered | 18,48,000 | 28.50% | |
| − QIB (Ex. Anchor) Shares Offered | 12,32,000 | 19.00% | |
| NII (HNI) Shares Offered | 9,24,000 | 15.00% | 14.25% |
| − bNII > ₹10L | 6,16,000 | 9.50% | |
| − sNII < ₹10L | 3,08,000 | 4.75% | |
| Retail Shares Offered | 21,56,000 | 35.00% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,25,000 | 5.01% | |
| Total Shares Offered | 64,85,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,64,000 |
| Individual investors (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 |
Clear Secured IPO raises ₹24.39 crore from anchor investors. Clear Secured IPO Anchor bid date is November 28, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Nov 28, 2025 |
| Shares Offered | 18,48,000 |
| Anchor Portion (₹ Cr.) | 24.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 2, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 3, 2026 |
Clear Secured Services Limited (CSS) is a Mumbai‑based facility management, offering integrated security, maintenance, infrastructure, staffing, telecom, and IT services.
Key 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
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.
| 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 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Investment in our wholly owned Subsidiary, Comfort Techno Services Private Limited (“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 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 10.74% |
| ROCE | 23.46% |
| Debt/Equity | 1.02 |
| RoNW | 10.74% |
| PAT Margin | 2.08% |
| EBITDA Margin | 4.70% |
| Price to Book Value | 2.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.65 | 13.87 |
| P/E (x) | 23.36 | 9.52 |
| Promoter Holding | 99.84% | 73.03% |
| Market Cap | ₹317.42 Cr. |
The Clear Secured IPO is subscribed 8.83 times on December 3, 2025 6:20:00 PM (Day 3). The public issue subscribed 6.60 times in the individual investors category, 9.98 times in the QIB category, and 12.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 9.98 | 12,32,000 | 1,22,91,000 | 15 |
| NII* | 12.51 | 9,24,000 | 1,15,56,000 | 1,892 |
| bNII (bids above ₹10L) | 14.66 | 6,16,000 | 90,30,000 | |
| sNII (bids below ₹10L) | 8.20 | 3,08,000 | 25,26,000 | |
| Individual Investor | 6.60 | 21,56,000 | 1,42,32,000 | 7,116 |
| Total | 8.83 | 43,12,000 | 3,80,79,000 | 9,023 |
Total Application : 9,023
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees and payment to other Intermediaries such as Legal Advisors to the IPO, Registrars and other out of pocket expenses. | 4.33 |
| 2 | Marketing and Selling Commission and expenses | 5.72 |
| 3 | Advertising and marketing expenses | 0.14 |
| 4 | Printing and distribution of issue stationery | 0.11 |
| 5 | SEBI and NSE Processing and Listing fees | 0.05 |
| 6 | Other regulatory expenses | 0.13 |
| 7 | Miscellaneous (including Audit Fees) | 0.51 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹132.00 |
| Open | ₹119.00 |
| Low | ₹113.05 |
| High | ₹119.00 |
| Last Trade | ₹113.05 |
Lead Manager Reports
Clear Secured IPO is a SME IPO of 64,85,000 equity shares of the face value of ₹10 aggregating up to ₹86 Crores. The issue is priced at ₹132 per share. The minimum order quantity is 1000.
The IPO opens on Mon, Dec 1, 2025, and closes on Wed, Dec 3, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Clear Secured IPO using UPI as a payment gateway. Zerodha customers can apply in Clear Secured IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clear Secured IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clear Secured IPO opens on Mon, Dec 1, 2025 and closes on Wed, Dec 3, 2025.
Clear Secured IPO lot size is 1000, and the minimum amount required for application is ₹2,64,000, with 2 lots being the minimum application size.
You can apply in Clear Secured IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Clear Secured IPO will be done on Thursday, December 4, 2025, and the allotted shares will be credited to your demat account by Fri, Dec 5, 2025. Check the Clear Secured IPO allotment status.
The Clear Secured IPO listing date is on Mon, Dec 8, 2025.
