Clear Secured Services Limited
Bookbuilding IPO · NSE
- Price band
- ₹125 - ₹132
- Lot size
- 1,000 shares
- Issue amount
- ₹85.6 cr
- Total subscription
- 8.91×
- Opens
- 1 Dec 2025
- Closes
- 3 Dec 2025
- Allotment
- 4 Dec 2025
- Listing
- 8 Dec 2025
Offer at a glance
Issue overview
- Issue size
- 64,85,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,25,000
- Fresh issue
- ₹85.6 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,32,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 1,75,62,112
- Shares after issue
- 2,40,47,112
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,64,000 |
| sHNI | 3 | 3,000 | ₹3,96,000 |
| bHNI | 8 | 8,000 | ₹10,56,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Dec 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 15 |
| NIB | 0 | 1,893 |
| RETAIL | 1,078 | 7,116 |
| HNIs(10L +) | 205 | 1,077 |
| HNIs (2-10L) | 103 | 816 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 16.26 | 162.24 |
| FIIs | 0 | 12.21 |
| FIs | 0 | 1 |
| Others | 0 | 149.03 |
| RETAIL | 28.46 | 187.86 |
| HNIs 2+ | 4.07 | 33.38 |
| HNIs 10+ | 8.13 | 123.49 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Aug-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0.99 | 1.02 | 0.6 | 0.59 |
| ROE | 12.09 | 10.74 | 14.85 | 9.53 |
| ROCE | 13.33 | 23.46 | 20.58 | 13.84 |
| RONW | 0 | 0 | 0 | 0 |
| PRE IPO(PE) | 0 | 23.36 | 0 | 0 |
| POST IPO(PE) | 9.52 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Clear Secured Services Limited | 23.36 | 0 | 10.00 | 60.85 | 10.74 | 6.2 |
| Aarvi Encon Limited | 20.28 | 137.68 | 10.00 | 84.62 | 8.30 | 6.79 |
| Integrated Personnel Services | 32.01 | 275.00 | 10.00 | 65.51 | 13.72 | 8.59 |
| Kapston Services Limited | 36.71 | 322.65 | 5.00 | 43.81 | 22.23 | 8.79 |
Company information
Company profile
Clear Secured Services Limited (CSS), headquartered in Mumbai, is a facility management company providing integrated services across security, maintenance, infrastructure, staffing, telecom, and IT. Its offerings include Security Services, Housekeeping & Cleaning, Repair & Maintenance (RnM), Infrastructure & Interiors (TIS), HR & Staffing Solutions, Telecom & Remote Monitoring, and IT & Software Services. Serving clients across diverse sectors such as telecom, insurance, real estate, oil and gas, banking, retail, and government, CSS operates at 17 customer locations across 15 states and 2 union territories, delivering comprehensive solutions tailored to client needs.
Strengths
- Integrated Service Offerings & Scalable Model: A wide range of facility management services enables customized solutions, stronger customer retention, and easy expansion as client needs grow.
- Strong Nationwide Presence & Skilled Workforce: A well-recognized brand, pan-India operations, government relationships, and quality service delivery strengthen credibility and drive consistent business growth.
- Long-Standing Client Relationships: Multi-year partnerships across key sectors, serving 63–76 clients annually with strong retention, demonstrate reliable service quality and support domestic and international expansion.
Risk factors
- Exposure to Legal Proceedings: Ongoing cases involving the company, its promoters, and subsidiaries may lead to penalties, financial impact, or reputational issues, potentially disrupting operations and cash flows.
- High Geographic Concentration in Maharashtra: Heavy reliance on Maharashtra for revenue exposes the company to regional economic or regulatory risks that may affect overall business performance and growth.
- Revenue Concentration in Limited Service Segments: Dependence on key IFM services like security, housekeeping, and maintenance increases vulnerability to market changes, pricing pressure, or declining demand in these core segments.
Promoters
Mr. Vimal Dhar Lalta Prasad Dubey
Mr. Rakesh Dhar Dubey
Mrs. Kusum Vimal Dubey
Mr. Sanjay Dubey
Registrar & documents
Lead manager
Horizon Management Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
14B/4, Ground Floor, Plot -14A/14B, New Sion CHS, Swami Vallanbhdas Marg, Road No 24 Sindhi Colony, Sion, Mumbai, Maharashtra, 400022
022-20850085
[email protected]Company website ↗Understanding CSSL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.