Clear Secured Services Launches Rs 85.6 Crore IPO; Subscription Opens December 1

November 27, 2025: Clear Secured Services has announced its upcoming initial public offering (IPO), a fresh issue of shares worth ₹85.6 crore. The book-building process for the IPO will commence on December 1, 2025.

Clear Secured Services operates in both soft services and hard services. Soft services include housekeeping, security, payment management, and staffing, whereas hard services cover electro-mechanical work, repairs, facade cleaning, and pest control. The company is based in Mumbai with an integrated facility management segment and agro food trading. Its integrated facility management segment contributes more than 50% of total business, while around 20% comes from agro food trading.

Key Details Of The IPO Clear Secured Services

The ₹85.6 crore IPO of Clear Secured Services will comprise 0.65 crore shares. The public subscription opens on December 1, 2025, and will remain open until December 3, 2025. The allotment is scheduled for December 4, 2025. Before the public offering, the IPO will have a single-day anchor allocation on November 28, 2025. The shares are expected to be listed on the NSE SME, with a tentative listing date of December 8, 2025. As a book-building IPO, the price band is set at ₹125–132 per share, with a lot size of 1,000 shares. Horizon Management is appointed as the book running lead manager for the IPO.

Fund Utilisation: Working Capital and Debt Reduction in Focus

There is no offer for sale in the IPO. This means that the entire IPO fund will directly flow into the company. The company will deploy these funds into its working capital, reduce its debt, and strengthen operational capabilities. This will help the company expand its integrated facility management footprint.

Therefore, Rs 26 crore will be allocated to working capital, Rs 35.5 crore will be used for repayment of borrowings, and Rs 5.25 crore will be used for equipment purchases for subsidiary Comfort Techno Services. The remaining amount will be used for general corporate purposes.

As of August 2025, the company reported a revenue of ₹228.4 crore for the first five months of the financial year, with a profit of ₹13.9 crore during the same period. For FY25, the company’s total revenue stood at ₹476.2 crore, marking a 37% year-on-year (YoY) increase from ₹347.5 crore in the previous year. However, the profit for FY25 was only ₹9.9 crore, reflecting a 17.9% YoY decline from ₹12 crore recorded a year earlier.

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