Clear Secured Services, specializing in integrated facility management, has tapped capital markets to raise funds up to Rs 85.6 crore via initial public offering (IPO) for its working capital requirements and the reduction of debt burden.
The IPO, which comprises of entirely fresh issue of 64.85 lakh shares with no offer-for-sale component, will open for public subscription on December 1 and close on December 3, while the one-day IPO anchor book will be launched on November 28.
The price band for the offer has been fixed at Rs 125-132 per share.
Clear Secured Services that offers both soft services (housekeeping, security, payment management, and staffing) and hard services (electro-mechanical, repair and maintenance, facade cleaning and pest control) intends to utilise Rs 26 crore of IPO proceeds for its working capital requirement, and Rs 35.5 crore for repayment of borrowings.
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Further, Rs 5.25 crore will be used for the purchase of equipment by its subsidiary Comfort Techno Services, and the remainder funds for general corporate purposes.
The Mumbai-based company that generates more than 50 percent business through integrated facility management segment and 20 percent via trading in agro foods has recorded profit of Rs 13.9 crore on revenue of Rs 228.4 crore for five months period ended August 2025.
Profit in the year ended March 2025 fell by 17.9 percent to Rs 9.9 crore, down from Rs 12 crore in previous year, however, revenue during the same period increased by 37 percent to Rs 476.2 crore, up from Rs 347.5 crore.
Horizon Management is acting as the book running lead manager for the Clear Secured Services IPO.
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