Clear Secured Services Limited (CSSL) is a Mumbai-based integrated facility management and business support services company, offering a wide range of security, maintenance, infrastructure, staffing, telecom, and support solutions. The company has grown into a multi-service operations partner for corporates, PSUs, banks, telecom companies, and government bodies.
CSSL focuses on improving operational efficiency, workplace safety, and service quality through structured processes, regulatory compliance, trained manpower, and technology-enabled monitoring.
Key Service Verticals:
- Security Services: CSSL provides manned guarding, access control, and electronic surveillance solutions. With PSARA licences across 11 states, the company deploys trained security personnel and supports clients with remote monitoring and emergency-response systems.
- Housekeeping & Cleaning Services: The company offers routine cleaning, deep cleaning, waste management, façade cleaning, and specialized sanitation services for commercial and industrial establishments.
- Repair & Maintenance (R&M) / Hard FM Services: CSSL handles electrical, mechanical, and plumbing work, equipment upkeep, AMC services, and on-site maintenance to ensure smooth day-to-day operations for clients.
- Infrastructure & Interiors (TIS): Under Total Infrastructure Solutions (TIS), CSSL delivers interior fit-outs, office furniture supply, painting, plumbing, and complete fire-safety installations. These services support banks, retail outlets, industrial facilities, and corporate offices.
- HR & Staffing Services: The company provides skilled, semi-skilled, and unskilled manpower for administrative, operational, and project-based requirements. CSSL manages end-to-end recruitment, deployment, and compliance.
- Telecom Infrastructure & Remote Monitoring: CSSL executes turnkey telecom tower installation projects including site survey, soil testing, tower erection, cabling, and fencing. The company also offers remote monitoring and cash-van support for ATM operations.
- IT & Technology-Enabled Services: Through its wholly owned subsidiary Comfort Techno Services Pvt. Ltd. (CTSPL), CSSL provides advanced electronic security, AI-based video analytics, intrusion detection, centralized command-centre monitoring, and software-driven incident management systems.
CSSL serves clients across telecom, insurance, real estate, oil & gas, banking, retail, and government sectors, with 80+ customers as of October 31, 2025.
CSSL operates across 17 customer locations in 15 states and 2 UTs, supported by 17 branch offices and a trained workforce for nationwide service delivery.
Clear Secured Services IPO – Details
| IPO Opening Date | 01 December 2025 |
| IPO Closing Date | 03 December 2025 |
| Issue Type | Bookbuilding IPO |
| Issue Size | Total Issue: 64,85,000 Shares Worth ₹85.60 Crore Fresh Issue: 64,85,000 Shares Worth ₹85.60 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹125 – ₹132 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | NSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Clear Secured Services IPO – Date Schedule
| IPO Open Date | 01 December 2025 |
| IPO Close Date | 03 December 2025 |
| Basis of Allotment | 04 December 2025 |
| Initiation of Refund | 05 December 2025 |
| Credit of Shares to Demat | 05 December 2025 |
| IPO Listing Date | 08 December 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 03, 2025 |
Clear Secured Services IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,64,000 |
| Retail (Max) | 2 | 2000 | ₹2,64,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,96,000 |
| S-HNI (Max) | 7 | 7000 | ₹9,24,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,56,000 |
Competitive Strength
- Integrated Service Offerings and Strategic Business Model Positioned for Industry Growth.
- Direct Operations and Nationwide Presence with large workforce.
- Strong, Ongoing Relationships with Clients Across Key Sectors.
- Proven Financial Success Driven by Scalable, Efficient Business Model.
Company Promoters
- Mr. Vimal Dhar Lalta Prasad Dubey
- Mr. Rakesh Dhar Dubey
- Mrs. Kusum Vimal Dubey
- Mr. Sanjay Dubey
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2023 | ₹311.71 Cr | ₹301.64 Cr | ₹6.85 Cr | ₹44.19 Cr |
| 31 March 2024 | ₹350.63 Cr | ₹332.61 Cr | ₹12.08 Cr | ₹52.66 Cr |
| 31 March 2025 | ₹482.74 Cr | ₹457.50 Cr | ₹9.92 Cr | ₹99.37 Cr |
| 31 August 2025 | ₹231.68 Cr | ₹214.03 Cr | ₹13.90 Cr | ₹131.28 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 10.74% |
| ROCE | 23.46% |
| Debt/Equity | 1.02 |
| RoNW | 10.74% |
| PAT Margin | 2.08% |
| EBITDA Margin | 4.70% |
| Price to Book Value | 2.17 |
| Market Capitalization | ₹317.42 Cr. |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.65 | 13.87 |
| P/E (x) | 23.36 | 9.52 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| Investment in our wholly owned Subsidiary, Comfort Techno Services Private Limited (“CTSPL”), for funding the Purchase of Equipment. | ₹5.25 |
| Funding for Working Capital Requirement. | ₹26.00 |
| Repayment or prepayment of Borrowings. | ₹35.50 |
| General Corporate Purposes. | – |
✅Strengths
- Diversified services: security, housekeeping, R&M, TIS, telecom & staffing.
- Wide presence across 15 states, 2 UTs with 17 customer locations.
- Strong multi-sector client base (80+ clients).
- Technology-enabled surveillance & monitoring.
- Experienced promoters and stable operational track record.
- Improved financial performance with rising revenue and margins.
⚠️Risks
- High working-capital requirement.
- Agro-trading revenue dependent on a single client.
- Large receivables may impact cash flow.
- Heavy dependence on government/PSU contracts.
- Intense competition may reduce margins.
- Contract pricing errors or SLA failures can hurt profitability.
- Dependence on third-party vendors for equipment/services.
Clear Secured Services IPO Promoter Holding
| Pre Issue Share Holding | 99.84% |
| Post Issue Share Holding | – |
Clear Secured Services IPO Prospectus
Company Contact Information
| 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 Website: https://www.cssindia.in/index.html |
Clear Secured Services IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Clear Secured Services IPO Lead Manager(s)
| 1. Horizon Management Private Limited |
Clear Secured Services IPO FAQ
| What is Clear Secured Services IPO? Clear Secured Services IPO is an SME IPO. The issue is priced at ₹125 – ₹132 per equity share. The IPO is to be listed on NSE SME. |
| When Clear Secured Services IPO will open? The IPO is to open on 01 December 2025 for QIB, NII, and Retail Investors. |
| What is Clear Secured Services IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Clear Secured Services IPO Size? Clear Secured Services IPO size is ₹85.60 Crore. |
| What is Clear Secured Services IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2000 Shares with ₹2,64,000 amount, while the maximum bid is 2000 Shares with ₹2,64,000. |
| What is the Clear Secured Services IPO Allotment Date? Clear Secured Services IPO allotment date is 04 December 2025. |
| What is the Clear Secured Services IPO Listing Date? Clear Secured Services IPO listing date is 08 December 2025. The IPO is to be listed on the NSE SME. |
