The initial public offering (IPO) of Clear Secured Services Limited commenced its subscription journey on Monday, December 1, receiving a lukewarm response from the investor community on the first day. The public issue, aiming to raise capital for the integrated facility management company, is entirely a fresh issue of 64.85 lakh shares.
Day 1 Subscription Figures and Grey Market Sentiment
By the afternoon of the opening day, the overall subscription for the Clear Secured IPO stood at a mere 0.07 times. The retail investor segment was booked 0.04 times, while the portion reserved for Non-Institutional Investors (NIIs) saw a slightly better uptake at 0.22 times. The Qualified Institutional Buyers (QIB) portion had not received any bids at that time.
Meanwhile, in the unofficial grey market, shares of Clear Secured were trading at a modest premium of around ₹10. This Grey Market Premium (GMP) suggests a potential listing gain of nearly 8% over the issue price, indicating cautious optimism among speculative investors despite the slow official subscription.
Key Details of the Clear Secured IPO
The IPO is open for subscription until Wednesday, December 3. Investors can bid for shares in the price band of ₹125 to ₹132 per equity share. The total issue size is ₹85.60 crore.
Proceeds from the fresh issue will be utilized for several purposes:
- Purchasing equipment for its wholly-owned subsidiary, Comfort Techno Services Private Limited.
- Repayment or prepayment of borrowings.
- Meeting working capital requirements.
- General corporate purposes.
Prior to the public opening, the company successfully allocated 18.48 lakh shares to 11 anchor investors at the upper end of the price band (₹132 per share), raising ₹24.39 crore.
Allotment, Listing, and Company Financials
The share allotment is expected to be finalized on Thursday, December 4. Successful applicants will see shares credited to their demat accounts on Friday, December 5, with refunds initiated the same day for unsuccessful bidders. As per SEBI's T+3 timeline, the shares are proposed to be listed on the NSE SME platform on Monday, December 8.
Clear Secured Services operates in the integrated facility management (IFM) sector, providing a range of soft services like housekeeping and security, and hard services including electro-mechanical maintenance and pest control.
The company has shown revenue growth over recent years. Its revenue from operations increased from ₹309.04 crore in FY23 to ₹476.18 crore in FY25. For the period ended August 31, 2025 (FY26), revenue stood at ₹228.45 crore.
Profit After Tax (PAT) was ₹6.85 crore in FY23, which rose to ₹12.08 crore in FY24. It saw a dip to ₹9.92 crore in FY25 but recovered to ₹13.90 crore for the period ended August 31, 2025.
The book-running lead manager for the issue is Horizon Management Private Limited, and the registrar is Bigshare Services Private Limited.
