The price band has been fixed at Rs 125–132 a share. Retail investors must apply for a minimum of 2,000 shares — an entry ticket of Rs 2,64,000 at the upper band — while HNIs need at least 3,000 shares. Up to 50% of the net offer is reserved for QIBs, at least 35% for retail, and 15% for NIIs.
Clear Secured Services provides integrated facility-management solutions spanning security, housekeeping, repair and maintenance, infrastructure and interiors, staffing, telecom services and IT solutions. The Mumbai-based company operates at 17 customer locations across 15 states and two union territories, serving clients in telecom, insurance, real estate, oil and gas, banking, retail and government sectors.
The company reported a 38% jump in FY25 revenue, though PAT declined 18% year-on-year. EBITDA margin stood at 4.70% and PAT margin at 2.08%.
Proceeds from the offering will go towards funding equipment purchases via subsidiary CTSPL, meeting working-capital needs, repaying borrowings and general corporate purposes.
Investors will now track subscription levels over the next two days to gauge appetite for the company’s scale-driven, multi-service model as SME deal flow remains strong.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)