- NEGATIVE
Annual Revenue Clear Secured Services Mar-2026 Annual Revenue is Rs 366 Cr which is growth of -16.1% YoY.
- POSITIVE
Annual Net Profit Clear Secured Services Mar-2026 Annual Net Profit is Rs 15 Cr which is growth of 54.0% YoY.
Clear Secured Services was incorporated on October 14, 2008. The company provides integrated facility management services to enhance operational efficiency for commercial and industrial clients. It offers soft services like housekeeping, security, payment management, and staffing, along with hard services such as electro-mechanical support, repairs, maintenance, façade cleaning, and pest control all tailored for safety, cleanliness, and reliability
| Bidding Dates |
|---|
| 01 Dec 2025 - 03 Dec 2025 |
| Subscription |
|---|
| 8.28x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹250,000 | 2 | 2 | 1000 | 6.5 M | ₹125 - ₹132 | 73.03 % | ₹810.6 M - ₹856.0 M | RHP DOC |
Clear Secured Services IPO SUBSCRIPTION STATUS
03 Dec '25Total8.28x
Retail Individual Investor8.77x
HNI (NII) Investors17.09x
Qualified Institutional Buyers5.3x
Clear Secured Services IPO overall subscription rate was 8.28 times the total available shares
Clear Secured Services IPO retail subscription rate was 8.77 times in the retail segment
Clear Secured Services IPO non-institutional investor subscription rate was 17.09 times in the non-institutional investor category
Clear Secured Services IPO Qualified Institutional Bidder subscription rate was 5.3 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Dec 2025 (Day 3) | 8.77x | 17.09x | 5.3x |
02 Dec 2025 (Day 2) | 1.53x | 3.6x | 1.84x |
01 Dec 2025 (Day 1) | 0.35x | 1.32x | 0.53x |
Clear Secured Services FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 5MFY26 | 228.4 | 13.9 | -4.6 | -32.9 | 9.4% |
| FY25 | 476.2 | 9.9 | -22.4 | -25.8 | 4.7% |
| FY24 | 347.5 | 12.1 | 0.9 | -7.4 | 6.3% |
| FY23 | 309.0 | 6.9 | -1.7 | -3.0 | 4.7% |
Clear Secured Services IPO SUBSCRIPTION STATUS DETAILS
Clear Secured Services had 6.5 M shares on offer
Clear Secured Services IPO offer price was in the range ₹125 - ₹132
Clear Secured Services IPO minimum Investment was ₹250000
Clear Secured Services IPO issue size was ₹ 810.6 M - ₹ 856.0 M
Clear Secured Services had a minimum lot size of 1000 Shares per application
Clear Secured Services NUMBER OF SHARES ON OFFER
Total6.5 M
Fresh Issue6.5 M
Offer for Sale0
Post Issue Promoter Holding %73.03 %
Clear Secured Services IPO IMPORTANT DATES
| Issue Open Date | 01 Dec 2025 |
| Issue close Date | 03 Dec 2025 |
| Allotment Date | 04 Dec 2025 |
| Refund Date | 05 Dec 2025 |
| Demat Account Credit Date | 05 Dec 2025 |
| Listing Date | 08 Dec 2025 |
| Listing on Exchange(s) | NSE |
| Clear Secured Services Allotment Status | Exchange/ Registrar |
Clear Secured Services IPO subscription opened on 01 Dec 2025, and closed on 03 Dec 2025
IPO allotment for Clear Secured Services was finalized on Thursday, 04 Dec 2025
IPO listing for Clear Secured Services was on NSE on Monday, 08 Dec 2025
Clear Secured Services IPO LISTING GAINS
| Issue Price (adjusted) | 132.0 |
| Listing Open Price | 119.0 |
| Listing Close Price | 113.0 |
| Listing Gain% | -9.8% |
| Current Gain% | -42.6% |
Clear Secured Services Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clear Secured Services Ltd. | 75.8 | 182.2 | 6 | 0 | 0.2 | 13.5 | 8.4 | 784.6 | 62.5 | 30.2 | 204.4 | 12.6 | 204.4 |
| Urban Company Ltd. | 169 | 26061.3 | -78.1 | 0.3 | 15.2 | -11 | -8.7 | 1692.2 | 34.2 | -234.8 | -197.9 | -2.2 | -242.6 |
| WeWork India Management Ltd. | 652.6 | 9062 | 107.6 | -2.6 | 3.5 | 25 | 1 | 2490.4 | 23 | 74.4 | -41.6 | 6.1 | -41 |
| Smartworks Coworking Spaces Ltd. | 529.9 | 6061.1 | 217.5 | 1.3 | 3.1 | 2 | 0.2 | 1849.9 | 31.2 | 10.5 | 116.7 | 2.4 | 162.8 |
| Rentomojo Ltd. | 507.8 | 5286.4 | 35.3 | 16.3 | 394.1 | 44.9 | 104.3 | 142 | |||||
| Indiqube Spaces Ltd. | 198.9 | 4217.5 | -45.1 | -1.5 | 2.7 | -20.6 | -1.6 | 1527.5 | 38.5 | -106.3 | 23.8 | -4.4 | 30.4 |
Revenue Mix
Annual
Balance Sheet
Ratios
Cash Flow
Clear Secured Services annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Cell Data
Actual
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CAGR Columns
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| Indicator | Graph | CAGR 3 Yrs | Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 |
|---|---|---|---|---|---|---|---|
13.6% | 365.8 | 436.2 | 281.9 | 249.4 | 233.7 | ||
Operating Exp. Ann. | 12.6% | 332.2 | 399.8 | 258.5 | 232.8 | 221.6 | |
Operating Profit Ann. | 22.5% | 26.3 | 30.8 | 20.7 | 14.3 | 10.9 | |
OPM Ann. % | 7.9% | 7.19% | 7.06% | 7.33% | 5.72% | 4.64% | |
13% | 345.6 | 411 | 264.4 | 239.5 | 227 | ||
EBITDA Ann. | 26.5% | 33.6 | 36.4 | 23.4 | 16.6 | 12.1 | |
EBITDA Ann. margin % | 11.5% | 9.20% | 8.34% | 8.31% | 6.64% | 5.17% | |
Interest Ann. | 46.4% | 9.1 | 9.6 | 3.3 | 2.9 | 2.3 | |
Depr. | 5% | 4.4 | 1.6 | 2.6 | 3.8 | 3.1 | |
PBT Ann. | 26.8% | 20.2 | 16.8 | 17.5 | 9.9 | 6.6 | |
Tax Ann. | 19.1% | 4.9 | 6.9 | 5.8 | 2.9 | 1.9 | |
29.8% | 15.3 | 9.9 | 11.7 | 7 | 4.7 | ||
Net Profit Ann. | 29.8% | 15.3 | 9.9 | 11.7 | 7 | 4.7 | |
NPM Ann. % | 14.7% | 4.25% | 2.30% | 4.20% | 2.82% | 2.03% | |
EPS Adj. latest Ann. | 30.2% | 6.4 | 4.1 | 4.9 | 2.9 | 2 |
*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
-16.1%
2Y CAGR
13.9%
3Y CAGR
13.6%
Net Profit Ann.
1Y CHG
54.5%
2Y CAGR
14.4%
3Y CAGR
29.8%
Operating Exp. Ann.
1Y CHG
-16.9%
2Y CAGR
13.4%
3Y CAGR
12.6%
Clear Secured Services INFORMATION ON IPO ISSUE
About Clear Secured Services
Clear Secured Services was incorporated on October 14, 2008. The company provides integrated facility management services to enhance operational efficiency for commercial and industrial clients. It offers soft services like housekeeping, security, payment management, and staffing, along with hard services such as electro-mechanical support, repairs, maintenance, façade cleaning, and pest control all tailored for safety, cleanliness, and reliability
Object of the Issue
- Investment in their wholly owned subsidiary, Comfort Techno Services (“CTSPL”) for funding the purchase of equipment
- Funding for working capital requirement
- Repayment or prepayment of borrowings
- General corporate purposes
Clear Secured Services - PROMOTERS
| Name |
|---|
| Vimal Dhar Lalta Prasad Dubey |
| Rakesh Dhar Dubey |
| Kusum Vimal Dubey |
| Sanjay Dubey |
Clear Secured Services - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Vimal Dhar Lalta Prasad Dubey | Chairman & Managing Director |
| Rakesh Dhar Dubey | Whole time director |
| Kusum Vimal Dubey | Executive Director |
| Rajendra Prasad | Independent Director |
| Manish Shashikant Naik | Independent Director |
| Kiran Manohar Rege | Independent Director |
Clear Secured Services Lead Manager to the issue
Horizon Management Private Limited
akash.das@horizon.net.co
Clear Secured Services Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Clear Secured Services Strengths
Strategic business model
The company offers a wide range of integrated facility management services across India, providing customised soft and hard services to meet diverse client needs. Its broad service portfolio and nationwide presence enable strong customer acquisition, retention, and the ability to scale offerings as requirements evolve
Strength
Direct operations & nationwide presence
The “Clear Secured Services Limited” brand is recognised for reliable, high-quality facility management services, supported by strong government relationships and a solid delivery record. With operations across 17 locations in 15 states and 2 union territories, the company effectively serves clients seeking a single provider for multi-location operations
Strength
Client relationship
The company’s long-term client relationships reflect its commitment to service excellence, continuous improvement, and strict compliance with industry standards. Serving 63 to 76 customers annually over recent years, with six key clients associated for more than five years, the company consistently retains and grows its customer base through trust and performance
Strength
Clear Secured Services Risks
Non-compliance risks
The company and its subsidiary have faced past instances of non-compliance with state-level regulations, such as expired licenses and gaps in professional tax adherence, which may lead to penalties or legal actions. As operations expand across more jurisdictions, compliance requirements become more complex and costly, and any lapses could impact reputation, customer trust, and overall business performance
Risk
Operational risks
The company operates across diverse and challenging customer environments, making operational risks such as errors, service disruptions, or failure to meet agreed service standards an inherent part of its business. Any lapse in service quality or customer dissatisfaction can harm its reputation, affect client retention, and lead to claims or higher costs, ultimately impacting cash flow and financial performance
Risk
Workforce deployment & compliance risk
The company deploys a large workforce across multiple customer locations, which exposes it to risks such as service lapses, employee misconduct, labour unrest, or regulatory non-compliance. Any such incidents may lead to customer claims, reputational damage, and financial or operational setbacks. Managing these risks remains critical to sustaining business performance and client trust
Risk
IPO FAQs
The promoters of the company are Vimal Dhar Lalta Prasad Dubey, Rakesh Dhar Dubey, Kusum Vimal Dubey and Sanjay Dubey.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 125.0 - 132.0.
The IPO application opens on Dec 01, 2025 and closes on Dec 03, 2025.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 250,000.0, the maximum value for this IPO is Rs 264,000.0.
This IPO will be allotted on Dec 04, 2025.
The refund will be credited to your account on Dec 05, 2025.
The allotted shares will be credited to your demat on Dec 05, 2025.
Clear Secured Services Ltd.’s shares listed on the stock exchanges on Dec 08, 2025.