Published: 14 June 2026 | 6.00 AM
Last Updated: 14 June 2026 | 2.30 PM
IPO Overview / Intro
Clay Craft IPO is an SME book building issue aggregating to Rs. 110.11 crore. The IPO consists entirely of a fresh issue of 54,24,000 equity shares aggregating to Rs. 110.11 crore.
The IPO opens for subscription on 17 June 2026 and closes on 19 June 2026. The shares are proposed to be listed on NSE SME with a tentative listing date of 24 June 2026.
Clay Craft India Ltd is engaged in the manufacturing of bone china crockery and ceramic tableware, including plates, cups, saucers, mugs, dinnerware, tea and coffee sets and other kitchenware products for households, hotels, restaurants, catering, corporate and institutional customers.
Key Highlights
| Particulars | Details |
|---|---|
| IPO Type | SME Book Building IPO |
| Issue Size | Rs. 110.11 Crore |
| Fresh Issue | Rs. 110.11 Crore |
| Offer For Sale | Nil |
| Price Band | Rs. 193 to Rs. 203 Per Share |
| Face Value | Rs. 10 Per Share |
| Listing Exchange | NSE SME |
| Lot Size | 600 Shares |
| Retail Application | 1,200 Shares |
| Market Cap | Rs. 417.58 Crore |
| Listing Date | 24 June 2026 (Tentative) |
👉 | IPO GMP | IPO Reviews | IPO Subscription | IPO Allotment
Clay Craft IPO GMP – Latest Update
| GMP Details | Value |
| Clay Craft IPO GMP Today | Rs.60 |
| Kostak Rate | Updating Soon |
| Subject to Sauda (S2B) | Rs.27,400 |
Clay Craft IPO Subscription Status – Live Update
| Category | Subscription |
| QIB Category | Updating Soon |
| NII Category | Updating Soon |
| Retail Category | Updating Soon |
| Total Subscription | Updating Soon |
IPO Details at a Glance
| Particulars | Details |
| IPO Date | 17 June 2026 to 19 June 2026 |
| Listing Date | 24 June 2026 |
| Face Value | Rs. 10 Per Share |
| Price Band | Rs. 193 to Rs. 203 Per Share |
| Lot Size | 600 Shares |
| Issue Type | Book Building IPO |
| Listing At | NSE SME |
| Total Issue Size | 54,24,000 Shares |
| Reserved for Market Maker | 2,72,400 Shares |
| Fresh Issue | 54,24,000 Shares |
| Offer For Sale | Nil |
| Net Offered to Public | 51,51,600 Shares |
| Issue Size | Rs. 110.11 Crore |
| Shareholding Pre Issue | 1,51,46,280 Shares |
| Shareholding Post Issue | 2,05,70,280 Shares |
| Market Cap | Rs. 417.58 Crore |
IPO Timetable
| Event | Date |
| IPO Open Date | 17 June 2026 |
| IPO Close Date | 19 June 2026 |
| Basis of Allotment | 22 June 2026 |
| Refund Initiation | 23 June 2026 |
| Credit of Shares | 23 June 2026 |
| Listing Date | 24 June 2026 |
Reservation
| Investor Category | Reservation |
| QIB Shares Offered | 25,74,000 Shares (49.97%) |
| Anchor Investor Shares Offered | 15,43,800 Shares (28.46%) |
| QIB Ex-Anchor Shares Offered | 10,30,200 Shares (18.99%) |
| NII Shares Offered | 7,74,000 Shares (15.02%) |
| Retail Shares Offered | 18,03,600 Shares (35.01%) |
| Market Maker Reservation | 2,72,400 Shares (5.02%) |
| Total Shares Offered | 54,24,000 Shares (100.00%) |
Lot Size
| Application Type | Lots | Shares | Amount |
| Retail Minimum | 2 | 1,200 | Rs. 2,43,600 |
| Retail Maximum | 2 | 1,200 | Rs. 2,43,600 |
| S-HNI Minimum | 3 | 1,800 | Rs. 3,65,400 |
| S-HNI Maximum | 8 | 4,800 | Rs. 9,74,400 |
| B-HNI Minimum | 9 | 5,400 | Rs. 10,96,200 |
Company Details
Clay Craft India Ltd was incorporated in July 1994 and manufactures bone china crockery and ceramic tableware products.
The company offers dining and kitchenware products including plates, cups, saucers, mugs, dinnerware, platters, tea and coffee service sets and other ceramic tableware products. Its products are used by households, hotels, restaurants, catering businesses, corporate clients and institutional customers.
Clay Craft India Ltd also provides customised ceramic solutions for corporate and institutional clients and has developed a product range for the HoReCa segment. As of 31 March 2026, the company offered approximately 5,770 stock-keeping units across multiple product categories and brands.
As of 31 March 2026, the company had more than 1,392 employees.
Competitive Strengths
| Key Strengths |
| Integrated and Scalable Manufacturing Capabilities |
| Experienced Promoter and Management Team |
| In-House Design Development with Focus on Quality and Innovation |
| Diversified Product Portfolio |
| Extensive Distribution Network and Multi-Channel Presence |
IPO Objects
| Sr. No. | Objects of the Issue | Amount |
| 1 | Capital Expenditure Towards Setting Up Additional Manufacturing Facility at Manda, Rajasthan | Rs. 97.00 Crore |
| 2 | General Corporate Purposes | Balance Amount |
| Total | Total Objects | Rs. 97.00 Crore |
Company Address
| Particulars | Details |
| Registered Office | F-766 & F-766 A, Road No. 1-D, Vishwakarma Industrial Area, Jaipur, Rajasthan – 302013 |
| Phone | +91 1414107978 |
| cs@claycraftindia.com |
Lead Manager & Registrar
| Particulars | Details |
| Lead Manager | Hem Securities Ltd. |
| Registrar | Kfin Technologies Ltd. |
| Registrar Contact | 04067162222, 04079611000 |
| Registrar Email | claycraft.ipo@kfintech.com |
| Market Maker | Hem Finlease Pvt. Ltd. |
Financials
| Particulars (Rs. Crore) | FY2026 | FY2025 | FY2024 |
| Total Assets | 251.95 | 217.39 | 188.67 |
| Total Income | 184.57 | 154.44 | 146.99 |
| Profit After Tax | 27.01 | 20.76 | 13.50 |
| EBITDA | 41.96 | 35.39 | 28.65 |
| Net Worth | 166.06 | 139.05 | 117.01 |
| Reserves & Surplus | 150.92 | 134.00 | 112.12 |
| Total Borrowings | 49.98 | 47.75 | 46.80 |
Valuation
Key Performance Indicators (KPI)
| KPI | FY2026 |
| ROE | 17.71% |
| ROCE | 18.26% |
| Debt / Equity | 0.30 |
| RoNW | 16.27% |
| PAT Margin | 15.02% |
| EBITDA Margin | 23.33% |
| Price to Book Value | 1.85x |
EPS & Valuation
| Particulars | Pre IPO | Post IPO |
| EPS (Rs.) | 17.84 | 13.13 |
| P/E (x) | 11.38 | 15.46 |
Shareholding Pattern
| Particulars | Pre Issue | Post Issue |
| Promoter Holding | 100.00% | 73.63% |
Chanakya View
Investment Summary
| Parameter | Observation |
| Business Segment | Ceramic Tableware and Bone China Crockery |
| Industry Outlook | Positive |
| Manufacturing Base | Integrated and Scalable |
| Product Portfolio | Diversified |
| Profitability | Healthy |
| Return Ratios | Moderate to Healthy |
| Valuation | Fully Priced |
| SME Liquidity | Moderate |
Positives
| Strengths |
| Established Ceramic Tableware Brand |
| Diversified Product Portfolio Across 5,770 SKUs |
| Strong Presence in HoReCa and Institutional Segment |
| Healthy Revenue Growth |
| Improving Profitability |
| Large Expansion Plan Through New Manufacturing Facility |
| Multi-Channel Distribution Network |
Concerns
| Risks |
| SME Liquidity Risk |
| Highly Competitive and Fragmented Industry |
| Sustainability of Recent Profit Growth Needs Monitoring |
| Capital Expenditure Execution Risk |
| Consumer Demand and HoReCa Cycle Dependence |
| Raw Material and Energy Cost Volatility |
Clay Craft India Ltd operates in the ceramic tableware and bone china crockery segment with a diversified product range serving households, hotels, restaurants, catering companies, corporate clients and institutional customers.
The company has reported steady growth in revenue and profitability. Total income increased to Rs. 184.57 crore in FY2026 from Rs. 154.44 crore in FY2025, while profit after tax improved to Rs. 27.01 crore from Rs. 20.76 crore during the same period.
The IPO proceeds are mainly proposed to be used for setting up an additional manufacturing facility at Manda, Rajasthan. This expansion may support future growth, but execution and demand absorption will remain important factors to monitor.
Considering the established business, diversified product range, healthy margins and expansion plan, the IPO may attract investors looking for SME manufacturing opportunities. However, as the issue appears fully priced and the segment remains competitive, only informed investors with a higher risk appetite may consider moderate exposure for the long term.
FAQs
What is Clay Craft IPO GMP today?
Clay Craft IPO GMP today is currently updating in the grey market. Investors should track live GMP updates closer to listing for the latest market sentiment.
What is the Clay Craft IPO price band?
Clay Craft IPO price band is fixed at Rs. 193 to Rs. 203 per share.
What is the Clay Craft IPO lot size?
The minimum application size is 1,200 shares and the minimum retail investment amount is Rs. 2,43,600 at the upper price band.
When will Clay Craft IPO list?
Clay Craft IPO is expected to list on NSE SME on 24 June 2026.
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