Clear Secured SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Grey market premium
Unofficial and indicative — not a forecast
3 observations recorded — too few to plot a trend.
Day-wise premium · 3 observations
| Date | GMP | % | Sauda | Est. listing | Gain / lot |
|---|---|---|---|---|---|
| 08 Dec 2025 | ₹3 | +2.27% | ₹2,300 | ₹135 | ₹3,000 |
| 07 Dec 2025 | ₹3 | +2.27% | ₹2,300 | ₹135 | ₹3,000 |
| 06 Dec 2025 | ₹3 | +2.27% | ₹2,300 | ₹135 | ₹3,000 |
Gain per lot assumes the premium holds to listing and that the application is allotted — allotment in an oversubscribed issue is a lottery, so it is indicative, not expected. Sauda is the rate paid for a submitted application itself.
Issue details
- Listing date
- 08 Dec 2025
- Face value
- ₹10 per share
- Issue price
- ₹132 per share
- Lot size
- 1,000 shares
- Total issue size
- ₹85.6 Cr
- Market cap at offer price
- ₹317 Cr
- Promoter holding
- 99.84% → 73.03% pre-issue → post-issue
- ISIN
- INE1EF801010
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Horizon Management Pvt.Ltd.
- Registered office
- 14B/4, Ground Floor, Plot-14A/14B, New Sion CHS, Swami Vallanbhdas Marg, Road No 24, Sindhi Colony, Sion, Maharashtra
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 18,48,000 | — | — |
| Market maker | 3,25,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹132
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,32,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,64,000 |
| S-HNI (max) | 7 | 7,000 | ₹9,24,000 |
| B-HNI (min) | 8 | 8,000 | ₹10,56,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
₹132 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 5.65 | 13.87 |
| P/E (×) | 23.36 | 9.52 |
| Price to book (×) | 2.17 | — |
| Market cap | — | ₹317 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 10.74%
- ROCE
- 23.46%
- Debt / equity
- 1.02
- PAT margin
- 2.08%
- EBITDA margin
- 4.70%
- NAV per share
- ₹60.85
- Price to book
- 2.17
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Clear Secured SME
Clear Secured Services Limited (formerly Clear Secured Services Private Limited) was incorporated on October 14, 2008 in Mumbai and converted into a public limited company pursuant to an EGM held on February 11, 2025, with its name changed on March 06, 2025; it proposes to list on the NSE EMERGE platform. The company provides services aimed at improving operational efficiency and supporting business functions across sectors, anchored by Integrated Facility Management (IFM) — soft services such as housekeeping, security services, payment management services and staffing services, and hard services including electro-mechanical services, repair and maintenance, facade cleaning and pest control. Under Support Services it delivers Total Infrastructure Solutions (interior design, plumbing, fire safety, office furniture), Telecom Infrastructure Solutions (mobile tower installations), Cash Van services for secure transport of cash for ATM operations, and sources and trades millets and wheat in the agro-food sector. It earns revenue under service contracts — long-term agreements of up to three years for government contracts won through competitive bidding and continual-basis agreements for corporate/private customers — serving banks, manufacturing facilities, corporate and retail outlets; its top 10 customers contributed 85.29% of revenue in the nine months ended December 31, 2024, and Maharashtra accounted for 79.70% of revenue in that period. As of May 31, 2025, it had 2,861 personnel deployed across 17 states and union territories. Revenue from operations was ₹27,914.47 lakhs in FY2024 (PAT ₹1,173.90 lakhs) and ₹31,508.14 lakhs for the nine months ended December 31, 2024. Its wholly owned subsidiary, Comfort Techno Services Private Limited, offers smart technology and analytics, e-surveillance, telecom infrastructure and kiosk-based banking solutions.
Company Analysis
from DRHPClear Secured Services Limited is an India-based integrated business services company specializing in Integrated Facility Management (soft services such as housekeeping, security, payment management and staffing, and hard services such as electro-mechanical, repair & maintenance, facade cleaning and pest control), alongside support services spanning total infrastructure solutions, telecom infrastructure, cash van logistics, business support services and agro-food trading.
Clear Secured Services Limited (formerly Clear Secured Services Private Limited) was incorporated on October 14, 2008 in Mumbai and converted into a public limited company pursuant to an EGM held on February 11, 2025, with its name changed on March 06, 2025; it proposes to list on the NSE EMERGE platform. The company provides services aimed at improving operational efficiency and supporting business functions across sectors, anchored by Integrated Facility Management (IFM) — soft services such as housekeeping, security services, payment management services and staffing services, and hard services including electro-mechanical services, repair and maintenance, facade cleaning and pest control. Under Support Services it delivers Total Infrastructure Solutions (interior design, plumbing, fire safety, office furniture), Telecom Infrastructure Solutions (mobile tower installations), Cash Van services for secure transport of cash for ATM operations, and sources and trades millets and wheat in the agro-food sector. It earns revenue under service contracts — long-term agreements of up to three years for government contracts won through competitive bidding and continual-basis agreements for corporate/private customers — serving banks, manufacturing facilities, corporate and retail outlets; its top 10 customers contributed 85.29% of revenue in the nine months ended December 31, 2024, and Maharashtra accounted for 79.70% of revenue in that period. As of May 31, 2025, it had 2,861 personnel deployed across 17 states and union territories. Revenue from operations was ₹27,914.47 lakhs in FY2024 (PAT ₹1,173.90 lakhs) and ₹31,508.14 lakhs for the nine months ended December 31, 2024. Its wholly owned subsidiary, Comfort Techno Services Private Limited, offers smart technology and analytics, e-surveillance, telecom infrastructure and kiosk-based banking solutions.
Objects of the Issue
- Investment in wholly owned Subsidiary, Comfort Techno Services Private Limited ('CTSPL'), for funding the Purchase of Equipment (e-surveillance equipment) ₹ 525.00 lakhs p.97
- Funding for Working Capital Requirement ₹ 2,600.00 lakhs p.99
- Repayment or prepayment of Borrowings ₹ 3,550.00 lakhs p.101
- General corporate purposes (capped at 15% of Gross Proceeds or ₹ 10 crores, whichever is less) p.104
Issue Structure
- Total Issue
- Up to 64,85,000 Equity Shares of face value of ₹ 10 each aggregating to ₹ [●] lakhs
- Fresh Issue
- Up to 64,85,000 Equity Shares of face value of ₹ 10/- each aggregating to ₹ [●]
- Offer for Sale
- NA (Not applicable as the entire issue constitutes fresh issue of equity shares)
- Face Value
- ₹ 10/- each
Business Model
The company earns revenue from service contracts for Integrated Facility Management (soft and hard services) and Support Services — Total Infrastructure Solutions, Telecom Infrastructure Solutions, Cash Van operations and Business Support Services — billed to commercial, industrial, institutional and government clients, with government contracts secured through competitive bidding (agreements typically not exceeding three years) and corporate/private contracts on a continual basis; it additionally earns revenue from sourcing and trading of agro foods (millets and wheat).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Vimal Dhar Lalta Prasad Dubey | Promoter | 50.00% | — |
| Mr. Rakesh Dhar Dubey | Promoter | 25.00% | — |
| Mr. Sanjay Dubey | Promoter | 25.00% | — |
| Mrs. Kusum Vimal Dubey | Promoter | 0.00% | — |
| Mr. Ashish Vimaldhar Dubey | Promoter Group | 0.00% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.