Clay Craft IPO

Listed SME
Min Investment
₹2,43,600
1200 Shares
Min Investment
₹2,43,600 · 1200 Shares
Price Band ₹193–203
Lot Size 600 shares
Issue Size ₹110 Cr
Listed At ₹211.00 +3.9%
Subscribed 103.14×
Listed On NSE SME

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.

Issue price
₹203
upper band
Listing price
₹211.00
pre-open auction
Listing gain
+3.94%
+₹8 per share
Profit per application
+₹9,600
1,200 shares

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 overall103.14×
QIB119.19×
NII154.9×
Retail71.76×
Listing price = opening price from the exchange's pre-open call auction on listing day. Watch live price

Market Sentiment

Grey Market Premium What is GMP?
+₹29
+14.3% ▼ ₹13 since last update
Est. listing ₹232
Upper price ₹203
GMP range ₹0 – ₹72
13 Jun · ₹0 23 Jun · ₹29
Updated 23 Jun, 7:52 pm IST Unofficial grey-market data
GMP estimate ₹232
Actual listing ₹211
Listed below the GMP estimate by ₹21 (-9.1%)
Subscription Status
QIB
119.19x
NII
154.90x
bNII (>10L)
186.94x
sNII (2-10L)
90.81x
Retail
71.76x
Total
103.14x
Updated: Jun 19, 2026 5:39 pm IST
Analysis Score 63 / 100
Data: 80%

The overall score is a weighted average of the parts below, so one weak part can sit inside a strong overall reading.

GMP Score · 44% weight 50
Subscription Score · 38% weight 75
Financial Health · 19% weight 70
Score updates live as GMP/subscription change. For information only — not investment advice.

IPO Details

Price Band₹193–203 per equity share
Face Value₹10 Per Equity Share
Lot Size 600 shares (Min 2 lots · ₹2,43,600)
Total Issue Size ₹110.11 crore
Fresh IssueEntire issue — no offer for sale, so all proceeds go to the company
Issue TypeBookbuilding Issue
Lead Manager Hem Securities Ltd.
Registrar Kfin Technologies Ltd.
Listing atNSE SME
NSE SymbolCLAYCRAFT
ISININE1QGM01024
Listing Price₹211.00
Listing Gain+3.94%

Day-wise Subscription (times subscribed)

QIB
NII
Retail
Total
Each panel uses its own scale; compare the numbers, not bar heights, across categories.
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

Category Lots Shares Amount (₹)
Retail Minimum 2 1,200 ₹2,43,600
Retail Maximum 2 1,200 ₹2,43,600
S-HNI Minimum 3 1,800 ₹3,65,400
S-HNI Maximum 8 4,800 ₹9,74,400
B-HNI Minimum 9 5,400 ₹10,96,200

IPO Reservation

QIB 20% NII 15% Retail 35% Anchor 30%
Category Shares Offered Shares %
QIB10,30,20020.00%
NII (HNI)7,74,00015.02%
bNII > ₹10L5,16,00010.02%
sNII < ₹10L2,58,0005.01%
Retail18,03,60035.01%
Anchor15,43,80029.97%
Total51,51,600

Financial Analysis

Financial Data

EPS (Pre)
₹17.84
ROE
17.71%
ROCE
18.26%
RoNW
16.27%
EBITDA Margin
23.33%
NAV/Share
₹109.64
Revenue Growth
19.51%
Profit Margin
14.63%

Financial Performance

2026 vs 2025 Revenue +19.5% Profit (PAT) +30.1% Total Assets +15.9%
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
Values in Crores (₹)

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

Strengths
  • 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%.
Risks & Concerns
  • 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

Anchor Bidding Date
June 16, 2026
Shares Offered to Anchors
15,43,800
Lock-in End (30 Days, 50%)
July 22, 2026
Lock-in End (90 Days, 50%)
September 20, 2026

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 listed at Rs 211.00 on 24 June 2026, against an issue price of Rs 203 — a 3.94% premium.

+3.94% at the listing price — Rs 8 per share, or Rs 9,600 on the minimum retail application of 1,200 shares.

The price band of Clay Craft IPO is Rs 193 to Rs 203 per share. Face value is Rs 10 per share.

The total issue size of Clay Craft IPO is Rs 110 crore, comprising fresh issue of Rs 110 crore.

The lot size of Clay Craft IPO is 600 shares. The minimum application is 2 lots (1,200 shares), requiring an investment of Rs 2,43,600.

Clay Craft IPO opens for subscription on June 17, 2026 and closes on June 19, 2026. Anchor investor bidding is scheduled for June 16, 2026.

The expected allotment date for Clay Craft IPO is June 22, 2026. Refunds for unsuccessful applicants are expected on June 23, 2026.

Clay Craft IPO is scheduled to list on June 24, 2026 on NSE. NSE symbol: CLAYCRAFT, ISIN: INE1QGM01024.

The last GMP (Grey Market Premium) recorded for Clay Craft IPO before listing was +Rs 29 (+14.3% over issue price). The shares actually listed at Rs 211 (+3.94% versus the issue price). GMP only estimates the listing price and stops mattering once the shares trade.

Clay Craft IPO was subscribed 103.14 times overall by the close of bidding — retail at 71.76x, QIB at 119.19x, NII at 154.90x.

Based on the final retail subscription of 71.76x for Clay Craft IPO, the estimated retail allotment probability is approximately 1.6%. This is a low probability — approximately 2 out of every 100 retail applications may receive allotment.

The registrar for Clay Craft IPO is Kfin Technologies Ltd. After the allotment date, you can check your allotment status on the registrar's official website by entering your PAN, application number, or demat account details. Allotment status is also available on the BSE and NSE websites.

The book running lead manager(s) for Clay Craft IPO are Hem Securities Ltd.

The promoter(s) of Clay Craft are Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal, Deepak Agarwal.

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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