Clay Craft IPO
Clay Craft IPO Listing Day Performance
Clay Craft listed on NSE SME on 24 June 2026 at ₹211.00, a 3.94% premium over the issue price of ₹203. A retail investor allotted the minimum application of 1,200 shares (2 lots) gained ₹9,600 at the listing price.
GMP vs actual listing
| Last GMP before listing | ₹29 (+14.3%) |
| GMP-implied listing | ₹232 |
| Actual listing | ₹211.00 |
| Difference | −₹21 (−9.1%) |
Demand going into listing
| Subscribed overall | 103.14× |
| QIB | 119.19× |
| NII | 154.9× |
| Retail | 71.76× |
Market Sentiment
The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.
IPO Details
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 4.32x | 5.18x | 119.19x |
| NII | 1.76x | 13.49x | 154.90x |
| bNII > ₹10L | 2.07x | 16.41x | 186.94x |
| sNII 2-10L | 1.14x | 7.66x | 90.81x |
| Retail | 1.57x | 8.11x | 71.76x |
| Total | 2.23x | 7.84x | 103.14x |
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2025 | 2026 |
|---|---|---|
| Revenue | 154.44 | 184.57 |
| Expense | 125.94 | 148.51 |
| Profit (PAT) | 20.76 | 27.01 |
| Total Assets | 217.39 | 251.95 |
Promoters & Holding Pattern
Promoters: Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal, Deepak Agarwal
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,51,46,280 | 100.00% |
| Promoter Holding Post Issue | 2,05,70,280 | 73.63% |
Strengths & Risks
- Heavily oversubscribed — 103.1x overall (so far).
- Strong institutional (QIB) demand — 119.2x.
- Revenue grew 20% in the latest reported year.
- Solid profit margin — 14.6%.
- Strong return on equity — 18%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Clay Craft
Since its incorporation in July 1994, Clay Craft India has been one of the leading manufacturers of bone china crockery and ceramic tableware. The firm makes high-quality dining products, including plates, cups, saucers, mugs, Dinnerware, Platters & accessories, Tea & coffee service sets, and other kitchenware, for use in households, restaurants, hotels, and gifting. Its products come in innovative designs, durability, and styling finishes. Clay Craft also manufactures customized ceramic solutions for corporate and institutional clients as per their requirements and develops a large product range for the HoReCa (Hotel, Restaurant, and Catering) segment to meet the requirements of each client. As of March 31, 2026, the company has sold over 5,770 units across different product categories and brands.
Company Contact Information
Clay Craft India Ltd., F-766 & F-766 A,, Road No. 1-D,, Vishwakarma Industrial Area,, Jaipur, Rajasthan, 302013
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan | 97.00 |
| General Corporate Purpose | - |
Resources & Documents
Anchor Investors
Clay Craft IPO - Quick Take
Clay Craft has set a price band of Rs 193–Rs 203 per share for an issue size of Rs 110 crore. The stock listed with a 3.94% gain versus its issue price on June 24, 2026.
The issue is promoted by Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal, Deepak Agarwal with Hem Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards to fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan (Rs 97 crore) and general Corporate Purpose.
On fundamentals, the company is posting revenue growth of 19.5%, a profit margin of 14.6%, return on equity of 17.7% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read strong — the composite picture tilts positive, though not without some caveats. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Clay Craft IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 14.3%. Of the 26 SME IPOs we have tracked with a final GMP between 10% and 25%, 21 listed above, 3 flat and 2 below the issue price; Clay Craft listed 3.9% above its issue price.
See the full Clay Craft GMP history and trend, or learn how grey market premium works and how reliable it is.
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