Clear Secured Services, a company specialising in integrated facility management (IFM), made its much-anticipated debut on the NSE SME platform on Monday, December 8. The SME IPO listing opened with a dip from the issue price, signalling a cautious start for investors tracking new SME stocks in the Indian stock market.
Market Performance
The stock opened at ₹119, registering a 9.85% drop from its issue price of ₹132. Momentum continued downward during the session, and the stock eventually hit a 5% lower circuit at ₹113.05.
The listing outcome highlights early volatility for SME IPOs and reflects a mix of investor sentiment and market demand during the initial trading day.
Main News: IPO Debut
Clear Secured Services’ SME IPO was a fresh issue of 64,85,000 equity shares, raising a total of ₹85.60 crore. The IPO price band was set at ₹125–₹132 per share and opened for public subscription on Monday, December 1, closing on Wednesday, December 3.
- The allotment of shares was finalised on Thursday, December 4.
- The IPO witnessed nearly 9 times the overall subscription.
- Retail portion: ~7 times
- Non-Institutional Investors (NIIs) portion: 12.5 times
This reflects strong demand during the subscription phase, even though the listing day started with a decline in share price.
Company Details
Clear Secured Services operates in integrated facility management, offering a combination of soft and hard services:
- Soft services: Housekeeping, security, staffing services, and payment management
- Hard services: Electromechanical maintenance, repair, pest control, and façade cleaning
The company has demonstrated steady growth in its financials over the past few years:
- Revenue from operations:
- FY23: ₹309.04 crore
- FY24: ₹347.54 crore
- FY25: ₹476.18 crore
- FY26 (as of 31 August 2025): ₹228.45 crore
- Profit After Tax (PAT):
- FY23: ₹6.85 crore
- FY24: ₹12.08 crore
- FY25: ₹9.92 crore
- FY26 (as of 31 August 2025): ₹13.90 crore
The company’s diverse service portfolio and consistent revenue growth position it as a notable entrant in the SME segment of the Indian stock market.
Summary
Clear Secured Services’ SME IPO listing began with a modest decline, opening at ₹119 against an issue price of ₹132. While the initial session showed some downward pressure, the company’s strong operational track record, diversified facility management services, and solid financials make it a stock to watch in the SME space.
The listing underscores the dynamics of SME IPOs in India—high subscription interest at the time of issue does not always translate into a smooth listing debut. Investors now have the first-day market performance to gauge early trends for this SME stock.
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