Clear Secured Services Limited IPO
Business Model & Core Expertise
Clear Secured Services Limited is an integrated facility management and business support services provider. The company delivers a broad portfolio of services aimed at improving operational efficiency for commercial, government, and industrial clients. Its business is structured across two main segments:
1. Integrated Facility Management (IFM)
Includes both soft and hard services such as Housekeeping & deep cleaning, Security services (PSARA licensed in 11 states), Staffing & payroll management, Payment management support, Electro-mechanical repairs & maintenance and Facade cleaning and pest control
2. Support Services
Provides specialized business solutions such as:
i) Total Infrastructure Solutions: interior works, fire safety, plumbing, furniture fit-outs
ii) Telecom Infrastructure Solutions: mobile tower installation from soil testing to commissioning
iii) Agri-Food Trading: sourcing and trading of millets and wheat (shifted to subsidiary in FY26)
iv) Cash Van Services: secure ATM cash movement with GPS-equipped vans
v) Business Support for Subsidiary Services
Clientele & Industry Presence
As of May 31, 2025, the company services 44+ clients across key industries including telecommunications, BFSI, real estate, oil & gas, retail, and government sectors. Its subsidiary-based model allows wider geographical servicing without heavy fixed expansion.
Market Opportunity
Operating in a rapidly expanding sector, Clear Secured Services benefits from:
– A ₹98,080 crore Indian IFM market (FY23) projected to grow at 14.6% CAGR till FY28
– Rising outsourcing of facility management by private & government organizations
– Adoption of integrated contracts, ESG-driven services, and automation-based facility solutions
– Strong growth in services-led Indian economy (GVA share of 54.7% in FY24)
Competitive Strengths
i) Broad integrated service offerings across multiple verticals
ii) Direct workforce operations with a nationwide presence
iii) Strong client relationships with government and corporate entities
iv) Experienced promoters with over 16 years of industry experience
v) Certified processes supporting quality, compliance, and scalable operations
Objects of the Clear Secured Services Limited IPO:
Clear Secured Services Limited IPO Details:
| Open Date: | Dec 01 2025 |
| Close Date: | Dec 03 2025 |
| Total Shares: | 64,85,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Type: | Book Building |
| Issue Size: | 85.60 Cr. |
| Lot Size: | 1000 Shares |
| Issue Price: | ₹ 125 - 132 Per Equity Share |
| Listing At: | NSE Emerge |
| Listing Date: | Dec 08 2025 |
Financials of Clear Secured Services Limited IPO:
| Particulars | 5M FY2025-26 | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
| Revenue from Operations (Cr) | 228.44 | 476.17 | 347.54 | 309.03 |
| EBITDA (Cr) | 231.68 | 482.73 | 350.63 | 311.71 |
| EBITDA Margins | 9.39% | 4.70% | 6.27% | 4.72% |
| PAT (Cr) | 13.89 | 9.92 | 12.08 | 6.85 |
| PAT Margins | 6.08% | 2.08% | 3.48% | 2.22% |
| ROCE | 13.33% | 23.46% | 20.58% | 13.84% |
| Debt to Equity Ratio(In Times) | 0.99 | 1.02 | 0.6 | 0.59 |
| Operating Cash Flows (Cr) | -7.93 | -33.77 | 0.94 | -1.67 |
Comparison With Peers:
| Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
| Clear Secured Services Limited | 476.17 | 4.70% | 2.08% | 23.46% | 1.02 | 317.4 | 32 |
| Aarvi Encon Limited | 510 | 3% | 1.96% | 10.80% | 0.24 | 193 | 13.50 |
| Kapston Services Limited | 689 | 5% | 2.61% | 12.80% | 1.72 | 641 | 27 |
| Integrated Personnel Services Limited | 316 | 4% | 2.22% | 15.10% | 0.76 | 241 | 26.90 |
| Note : Forward P/E 9.95 is According to FY26 PAT | |||||||
Lead Manager of Clear Secured Services Limited IPO:
Registrar of Clear Secured Services Limited IPO:
Discussion on Clear Secured Services Limited IPO:
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