New Delhi, Dec. 1 -- The initial public offering (IPO) of Clear Secured Services opened for subscription on Monday, December 1. The SME IPO, which is a fresh issue of 64,85,000 shares of face value of Rs.10 each, is witnessing a tepid response from investors. Meanwhile, sources suggest Clear Secured shares are trading at a modest premium in the grey market.

Meanwhile, the company allotted 18,48,000 shares to 11 anchor investors at a price of Rs.132 per share, raising Rs.24,39,36,000.

By 12:10 PM on Monday, the issue had seen an overall subscription of 0.07 times, with the retail portion booked 0.04 times, and the segment reserved for NIIs subscribed to 0.22 times. QIB's portion had not seen any subscription till that time.

1. Clear Sec...