Clay Craft IPO
Market Sentiment
IPO Details
IPO Reservation
Market Lot Size
Return Estimator (GMP*)
Financial Analysis
| 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: 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
- Strong grey-market premium — +32% over the issue price.
- Revenue grew 20% in the latest reported year.
- Solid profit margin — 14.6%.
- Strong return on equity — 18%.
- Grey-market premium is slipping during the bidding window.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
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.
| Purpose | Amount (Cr) |
|---|---|
| To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan | 97.00 |
| General Corporate Purpose | - |
Resources & Documents
Clay Craft India Ltd., F-766 & F-766 A,, Road No. 1-D,, Vishwakarma Industrial Area,, Jaipur, Rajasthan, 302013
Clay Craft has set a price band of Rs 193–Rs 203 per share for an issue size of Rs 110 crore. The SME issue is scheduled to open for subscription on June 17, 2026 — 2 days from now.
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.
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.
Grey market is quoting a premium of +Rs 65 (+32.0% over issue price), up Rs 17 from the previous session.
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.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. All figures below — GMP history, subscription tiers, financials and peers — are aggregated from public disclosures. Always apply through your own broker after reading the RHP.
Understanding Grey Market Premium (GMP)
The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.
How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.
Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.
Factors that influence GMP:
- Subscription levels — Higher subscription typically drives GMP up
- Market conditions — Bullish markets tend to boost GMP across all IPOs
- Company fundamentals — Strong financials and growth potential attract premium
- Industry sentiment — Positive outlook for the sector can increase demand
- IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP
Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.
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