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Clear Secured Services Limited is a diversified service provider specializing in Integrated Facility Management (IFM) and various support services. The company's IFM offerings include soft services like housekeeping, security, and staffing, as well as hard services such as electro-mechanical maintenance and pest control for commercial and industrial clients. Its support services division delivers Total Infrastructure Solutions (TIS) covering interior design and fire safety, sources and trades agro-foods like millets and wheat, provides telecom infrastructure solutions for mobile tower installation, and operates a secure cash van service for ATM networks.
Dec 01, 2025
Dec 03, 2025
Dec 08, 2025
SME
Closed
85.6 Cr
85.6 Cr
0 Cr
₹125 - ₹132
1000
Our Company proposes to utilise the Net Proceeds from the Issue towards funding the following objects:
Investment of ₹525.00 crores in its wholly-owned subsidiary, Comfort Techno Services Private Limited (CTSPL), to fund the purchase of e-surveillance equipment, including various types of cameras, sensors, and network devices, to enhance its smart infrastructure and surveillance solutions.
Allocation of ₹2,600.00 crores to meet the company's working capital requirements, supporting ongoing operational needs such as manpower costs, consumables, and vendor payments, particularly for its tender-driven government contracts.
Repayment or prepayment of short-term borrowings amounting to ₹3,550.00 crores to reduce outstanding indebtedness, lower debt servicing costs, and improve the company's debt-equity ratio.
Utilization of the remaining balance for general corporate purposes, including funding new business development, meeting operating expenses, and strengthening marketing capabilities.
3.46
0.55
10.74%
23.46%
10.74%
—
2.08%
4.7%
2.17
Offers a comprehensive suite of Integrated Facility Management (IFM) services, including both soft and hard services, positioning it as a one-stop solution provider.
Serves a diverse client base of over 44 clients across various sectors such as banking, telecom, retail, and government, reducing sector-specific dependency.
Adheres to stringent quality standards, holding multiple certifications including ISO 9001:2015 (Quality Management), ISO 45001:2018 (Health & Safety), and SA 8000:2014 (Social Accountability).
Experienced promoters with over 16 years in the service industry, providing strong leadership and strategic direction.
High customer concentration, with the top ten customers accounting for 85.29% of revenue in the nine months ended December 31, 2024, posing a risk if key clients are lost.
Significant geographical concentration, with 79.70% of revenue generated from Maharashtra, making the business vulnerable to regional economic or political disruptions.
The business is highly manpower-intensive and has faced high attrition rates (35.47% in FY24), which can increase recruitment and training costs.
A promoter is subject to serious pending criminal litigation, which could adversely impact the company's reputation and stakeholder confidence.
The Indian outsourced IFM market is projected to grow at a CAGR of 14.6% from FY2023 to FY2028, offering significant expansion potential.
Increasing trend of outsourcing by government bodies, a segment that has grown faster than the private sector, presents a major growth avenue.
Rising demand for sustainable and tech-enabled green facility management services, such as energy conservation and smart building solutions, opens up new revenue streams.
The shift from single-service contracts to integrated service models favors established players with comprehensive offerings and a wide geographic reach.
The IFM industry is highly fragmented and competitive, with pressure from both large organized players and numerous small, unorganized competitors.
Dependence on government contracts, which are awarded through competitive bidding and are subject to policy changes, budget cuts, and delays.
Operational risks inherent in providing services at client locations, including accidents, service disruptions, and potential liabilities that could damage reputation.
Potential for labor unrest, strikes, or difficulties in attracting and retaining skilled personnel in a manpower-intensive industry could disrupt operations.