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₹132 - 132
Clear Secured Services Ltd
MiscellaneousIPOSME
₹132 - 132
Our Company provides a range of services aimed at improving operational efficiency and supporting business functions across different sectors. We specialize in Integrated Facility Management (IFM), offering both soft services such as housekeeping, security services, payment management services, and staffing services and hard services, including electro-mechanical services, repair and maintenance services, facade cleaning and pest control services. These services are tailored to meet the operational needs of commercial and industrial clients, focusing on cleanliness, safety, and reliability.
Lot1,000Min Invest₹2,64,000Face Value₹10Issue Size₹86 CrFresh Issue₹86 CrListing Price₹119CMP₹92
Timeline
1 Dec
Bidding opens
3 Dec
Bidding closes
4 Dec
Allotment
4-5 Dec
Refund & demat credit
8 Dec
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹86 Cr0.65 Cr shares
Fresh Issue₹86 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,64,0001-1 lots
sNII₹2,64,000from 2 lots
bNII₹10,56,000from 8 lots
Managers & Registrar
Lead ManagerHorizon Management Private Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group100%73.03%Public0%26.97%
Objects of the Issue
- Investment in our wholly owned Subsidiary, Comfort Techno Services Private Limited ("CTSPL") for funding the Purchase of Equipment
- Funding for Working Capital Requirement
- Repayment or prepayment of Borrowings
- General corporate purposes(1)
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 309 | 348 | 476 | 778 |
| Operating ProfitCr | 15 | 22 | 31 | 53 |
| OPM% | 4.8 | 6.3 | 6.5 | 6.8 |
| PBTCr | 10 | 18 | 17 | 40 |
| PATCr | 7 | 12 | 10 | 30 |
| EPS | 4 | 8 | 6 | 9 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | - |
| ReservesCr | 75 | 87 | 97 | - |
| BorrowingsCr | 44 | 53 | 99 | - |
| Total AssetsCr | 153 | 170 | 228 | - |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | -2 | 1 | -22 | -10 |
| Investing Cash FlowCr | -14 | -22 | -11 | -54 |
| Financing Cash FlowCr | 19 | 5 | 37 | 79 |
| Net Cash FlowCr | 3 | -16 | 3 | 16 |
Strengths & Risks
Strengths · as stated in the DRHP
- Integrated Service Offerings and Strategic Business Model Positioned for Industry Growth.
- Strong, Ongoing Relationships with Clients Across Key Sectors.
- Proven Financial Success Driven by Scalable, Efficient Business Model and Consistently High-Quality Service Delivery.
Strategies · as stated in the DRHP
- Customer Base Retention, Strengthening, and Growth.
- Leverage and Strengthen Human Resource Capabilities, Focused on Recruitment and Training.
- Strategic Expansion of Service Portfolio and Operations Across India.
- Expanding Our Business Across Diverse Customer Segments.
Risks · as stated in the DRHP
- The company's business requires significant working capital. the company may not be able to secure future financing on favourable terms or at all, nor may its be able to provide bank guarantees when needed. If the experience insufficient cash flows from its operations or are unable to obtain the necessary funds to meet the company working capital requirements, it could materially and adversely impact the business and results of operations.
- The Company, Promoters, Subsidiaries, and Directors are currently involved in ongoing legal proceedings. Any unfavorable outcome in these proceedings could result in liabilities or penalties, which may negatively impact the business, financial performance, cash flows, and reputation.
- One of the company Promoters, who exercises significant influence over the Company, is subject to serious pending criminal litigation, which may adversely impact the Company's operations, financial performance, reputation, and stakeholder confidence.
- The company business revenue is primarily dependent on a few key customers.
- A considerable portion of its revenue comes from government contracts secured through a competitive bidding process. However, there is no guarantee that its will qualify for, win, or successfully compete for these tenders, nor that the company will be able to sustain these customer relationships.
- A substantial portion of the company revenue is generated from a limited number of geographical regions, and any negative developments in these areas could adversely impact the business, cash flows, operational results, and financial condition.