Clean Secured Technologies Limited plans to issue up to 64.85 lakh equity shares of face value ₹10 each through a public IPO via the book-building process. The issue structure includes a market maker portion, QIB portion, non-institutional portion, and retail portion, with allocations as per SEBI ICDR norms. A part of the QIB portion may be reserved for anchor investors, with 5% exclusively for mutual funds. Post-issue shareholding will increase accordingly.
Clear Secured Services IPO Objectives
- Funds will be used to invest ₹525 lakhs in Comfort Techno Services Pvt. Ltd. for purchasing equipment to strengthen its e-surveillance and smart technology operations.
- ₹2,600 lakhs will be deployed to support day-to-day operational needs, including manpower costs, consumables, statutory payments, and timely execution of government and institutional contracts.
- Up to ₹3,550 lakhs will be used to repay or prepay existing loans, helping reduce interest costs, improve debt levels, and strengthen overall financial health.
About Clear Secured Services
Clear Secured Services Limited was established in 2008 and converted into a public company in March 2025. It is a Mumbai-based provider of integrated facility management and support services. This includes housekeeping, security, electro-mechanical maintenance, and facade cleaning services, among others.
The company holds key certifications such as ISO 9001, ISO 45001, ISO/IEC 27001 and SA 8000, and has a credit rating of IND BBB-/Stable. As of May 31, 2025, Clear Secured Services serves 44+ clients across telecom, banking, insurance, retail, government and real estate sectors. Its revenue has increased steadily, rising from ₹23,243 lakhs in FY22 to ₹31,508 lakhs in 9M FY25. The promoters have over 16 years of experience, guiding the company’s growth.
Industry Outlook
- India’s security services market is projected to grow from US$1.42 bn in 2024 to US$2.28 bn by 2029 (CAGR 9.93%). The rising demand for manned guarding, cash logistics, and electronic security will directly support the company’s security and cash van services business. Moreover, large-scale infrastructure projects and higher crime-related security needs will further increase market opportunities.
- The outsourced IFM market in India is valued at INR 980,800 million in FY23, growing at 8.1% CAGR (FY18–FY23). The increasing demand for outsourcing facility management services by commercial, industrial,and government sectors will expand demand for soft and hard services.
- India’s staffing industry grew 15.3% YoY, adding 2.2 lakh jobs in the last four quarters. This sector growth increases opportunities for the company’s staffing and manpower solutions.
How To Apply for the Clear Secured Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Clear Secured Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Clear Secured Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Clear Secured Services IPO
Registered office: Clear Secured Services Ltd., 14B/4, Ground Floor, Plot -14A/14B, New Sion CHS, Swami Vallanbhdas Marg, Road No 24, Sindhi Colony, Sion, Mumbai, Maharashtra, 400022
Phone: 022-20850085
Email: companysecretary@cssindia.in
Clear Secured Services IPO Reservation
| Investor Category | Shares Offered |
| QIB (Qualified Institutional Buyers) | Not more than 50% of the Net Issue |
| Retail Investors | Not less than 35% of the Net Issue |
| NII (Non-Institutional Investors) | Not less than 15% of the Net Issue |
Clear Secured Services IPO Promoter Holding
The promoters of the Company are Mr. Vimal Dhar Lalta Prasad Dubey, Mr. Rakesh Dhar Dubey, Mrs. Kusum Vimal Dubey and Mr. Sanjay Dubey. Their shareholding before and after the issue is as follows:
| Shareholding | Percentage |
| Promoter Holding (Pre-Issue) | 99.84% |
| Promoter Holding (Post-Issue) | To be updated |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Clear Secured Services IPO
| Metric | Value |
| EBITDA Margin (%) | 5.98 |
| PAT Margin (%) | 3.73 |
| Return on Equity (ROE %) | 12.29 |
| Return on Capital Employed (ROCE %) | 18.93 |
| Debt-Equity Ratio (times) | 0.84 |
Clear Secured Services IPO Prospectus
Clear Secured Services IPO Registrar and Lead Managers
Clear Secured Services IPO Lead Managers
- Horizon Management Pvt.Ltd.
Registrar for Clear Secured Services IPO
Bigshare Services Pvt.Ltd.
- Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Financial Performance of Clear Secured Services
| Metric | FY24 | FY23 | FY22 |
| Revenue from Operations (₹ Lakhs) | 27,914.47 | 24,709.26 | 23,243.38 |
| Other Income (₹ Lakhs) | 275.05 | 229.79 | 123.41 |
| Total Revenue (₹ Lakhs) | 28,189.52 | 24,939.06 | 23,366.79 |
| EBITDA (₹ Lakhs) | 2,066.89 | 1,426.04 | 1,084.75 |
| PAT (₹ Lakhs) | 1,173.90 | 696.93 | 472.87 |
Clear Secured Services Peer Comparison
| Company Name | EBITDA Margin (%) | EPS (₹) | RoNW (%) | Book Value (₹) |
| Clear Secured Services Limited | 7.40% | 7.34 | 14.00 | 56.07** |
| Aarvi Encon Limited | 3.08% | 7.47 | 10.09 | 78.94 |
| Integrated Personnel Services Limited | 4.16% | 7.67 | 14.70 | 56.63 |
| Kapston Services Limited | 4.40% | 12.39 | 19.30 | 70.56 |
Note: EPS and Book Value per share have been calculated based on the post-bonus equity share capital.
Strengths and Opportunities for Clear Secured Services IPO
- Revenue CAGR of 10.68% shows consistent financial growth from FY22 to FY25.
- Serving 76 customers with Integrated Facility Management services as of Dec 2024.
- High customer retention rate; non-government contracts all renewed in recent years.
- Broad presence in 15 states and 2 union territories enables nationwide service.
- Direct operations model with 2,861 employees ensures quality and accountability.
- Total Profit (PAT) CAGR of 35.59% highlights strong profitability improvement.
- Six key clients have maintained a working relationship with the company for over 5 years.
- Return on Equity (ROE) improved from 6.89% to 12.29% from FY22 to FY25.
Risks and Threats for Clear Secured Services IPO
- Unfavorable legal outcomes threaten business, financial health, cash flows, and reputation.
- Promoter faces serious criminal litigation; risks reputation and stakeholder confidence.
- High revenue dependency on few key customers and losing one is catastrophic.
- Reliance on competitive government contracts lacks guarantee of future wins.
- Significant revenue from one geographic region (Maharashtra) exposes company to local risks.
- Substantial revenue concentration in Integrated Facility Management creates segment risk.
- Key personnel lack verified educational degree certificates; raises governance concerns.
- Historical non-compliance with state-level regulatory requirements may lead to penalties.
