Clay Craft India was incorporated on October 31, 1988. The company is engaged in the design, development, manufacturing, and distribution of ceramic tableware products, including dinner sets, mugs, bowls, platters, and other tabletop accessories. It serves retail, institutional, and hospitality customers through its in-house brands and also provides customized design and manufacturing solutions for third-party clients
| Bidding Dates |
|---|
| 17 Jun 2026 - 19 Jun 2026 |
| Subscription |
|---|
| 95.9x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,31,600 | 2 | 2 | 600 | 5.4 M | ₹193 - ₹203 | 73.63 % | ₹1046.8 M - ₹1101.1 M | RHP DOC |
Clay Craft IPO SUBSCRIPTION STATUS
19 Jun '26Clay Craft IPO overall subscription rate was 95.9 times the total available shares
Clay Craft IPO retail subscription rate was 95.3 times in the retail segment
Clay Craft IPO non-institutional investor subscription rate was 205.98 times in the non-institutional investor category
Clay Craft IPO Qualified Institutional Bidder subscription rate was 63.29 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
19 Jun 2026 (Day 3) | 95.3x | 205.98x | 63.29x |
18 Jun 2026 (Day 2) | 10.77x | 17.95x | 2.75x |
17 Jun 2026 (Day 1) | 2.09x | 2.34x | 2.29x |
Clay Craft FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 179.9 | 27.0 | 26.6 | 22.0 | 23.33 |
| FY25 | 151.9 | 20.8 | 27.2 | 21.2 | 23.29 |
| FY24 | 145.4 | 13.5 | 25.4 | 15.6 | 19.7 |
Clay Craft IPO SUBSCRIPTION STATUS DETAILS
Clay Craft had 5.4 M shares on offer
Clay Craft IPO offer price was in the range ₹193 - ₹203
Clay Craft IPO minimum Investment was ₹231600
Clay Craft IPO issue size was ₹ 1046.8 M - ₹ 1101.1 M
Clay Craft had a minimum lot size of 600 Shares per application
Clay Craft NUMBER OF SHARES ON OFFER
Clay Craft IPO IMPORTANT DATES
| Issue Open Date | 17 Jun 2026 |
| Issue close Date | 19 Jun 2026 |
| Allotment Date | 22 Jun 2026 |
| Refund Date | 23 Jun 2026 |
| Demat Account Credit Date | 23 Jun 2026 |
| Listing Date | 24 Jun 2026 |
| Listing on Exchange(s) | NSE |
| Clay Craft Allotment Status | Exchange/ Registrar |
Clay Craft IPO subscription opened on 17 Jun 2026, and closed on 19 Jun 2026
IPO allotment for Clay Craft was finalized on Monday, 22 Jun 2026
IPO listing for Clay Craft was on NSE on Wednesday, 24 Jun 2026
Clay Craft IPO LISTING GAINS
| Issue Price (adjusted) | 203.0 |
| Listing Open Price | 211.0 |
| Listing Close Price | 221.6 |
| Listing Gain% | 3.9% |
| Current Gain% | -13.8% |
Clay Craft Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clay Craft India Ltd. | 175 | 360.1 | 13.3 | 0.6 | 2 | 16.3 | 10.7 | 184.6 | 19.5 | 27 | 24.1 | 13.1 | 24.1 |
| Cello World Ltd. | 373.2 | 8242.3 | 26.3 | -5.3 | 3.6 | 14.5 | 11 | 2378.8 | 9.1 | 331.5 | -2.2 | 14.2 | -5 |
| Borosil Renewables Ltd. | 548.6 | 7782.3 | 20.3 | 0.1 | 4.8 | 8.5 | 7.1 | 1580.8 | 4.4 | 129.1 | 285.5 | 27 | 271.4 |
| Hawkins Cookers Ltd. | 8318.6 | 4398.7 | 32.4 | 1.9 | 3.3 | 29.5 | 19.1 | 1265.9 | 12.1 | 131.2 | 14.4 | 256.5 | 17.3 |
| Borosil Ltd. | 244.2 | 2920.4 | 39.1 | 67.5 | 2.4 | 8.4 | 5.8 | 1225.6 | 8 | 74.7 | 0.6 | 6.2 | 0.6 |
| La Opala RG Ltd. | 190 | 2108.6 | 22.8 | -5.2 | 6.8 | 11.2 | 10.3 | 341.3 | -10.1 | 92.3 | -4.4 | 8.3 | -4.4 |
Clay Craft INFORMATION ON IPO ISSUE
About Clay Craft
Clay Craft India was incorporated on October 31, 1988. The company is engaged in the design, development, manufacturing, and distribution of ceramic tableware products, including dinner sets, mugs, bowls, platters, and other tabletop accessories. It serves retail, institutional, and hospitality customers through its in-house brands and also provides customized design and manufacturing solutions for third-party clients
Object of the Issue
- To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan
- General corporate purpose
Clay Craft - PROMOTERS
| Name |
|---|
| Rajesh Narain Agarwal |
| Vikas Agarwal |
| Bharat Agarwal |
| Deepak Agarwal |
Clay Craft - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Rajesh Narain Agarwal | Whole Time Director |
| Vikas Agarwal | Managing Director |
| Bharat Agarwal | Whole Time Director |
| Deepak Agarwal | Whole Time Director & CFO |
| Ashok Kumar Bhargava | Independent Director |
| Kanan Shah | Independent Director |
| Nirmal Badri Prasad Joshi | Independent Director |
| Prakash Dangayach | Independent Director |
Clay Craft Book Running Lead Manager
HEM Securities Limited
ib@hemsecurities.com
Clay Craft Registrar to the Offer
KFin Technologies Limited
claycraft.ipo@kfintech.com
Clay Craft Strengths
Integrated manufacturing capabilities
The company operates two manufacturing facilities in Rajasthan with a combined installed capacity of approximately 6,000 MT per annum, equipped with advanced machinery and in-house design and production capabilities. Its integrated infrastructure, supported by utility, logistics, and sustainability systems such as ETP, STP, and solar power, enables efficient, scalable, and quality-controlled manufacturing operations
Diversified product portfolio
The company offers a diversified portfolio of approximately 5,770 SKUs across ceramic tableware and related categories, catering to a wide range of consumer, institutional, and hospitality needs. Its broad product range, focus on innovation, and presence across multiple price points support revenue stability, customer reach, and adaptability to evolving market preferences
Extensive distribution network
The company has established a broad distribution network comprising direct sales, distributors, retail outlets, large-format retail chains, and e-commerce platforms, enabling wide market reach across India. This diversified distribution model supports efficient product availability, timely order fulfillment, and access to a growing customer base
Clay Craft Risks
Regulatory risks
The company operates certain key facilities, including its registered office, manufacturing unit, and expansion-related properties, on leased premises. Any non-renewal of lease agreements, disputes with lessors, unfavorable lease terms, or non-compliance with lease conditions could result in operational disruptions, relocation costs, regulatory actions, and an adverse impact on its business and financial performance
Seasonal business
The company’s business is subject to seasonal demand fluctuations, particularly during festive periods, and is influenced by consumer spending patterns and housing market trends. Any seasonal volatility or disruptions caused by economic slowdowns, political instability, or unforeseen events could adversely affect its sales, cash flows, and financial performance
Hazardoous risks
The company’s manufacturing operations involve risks associated with machinery, high-temperature processes, heavy material handling, and the use of chemicals, which may result in workplace accidents, injuries, property damage, or environmental liabilities. Any such incident could lead to operational disruptions, increased costs, legal liabilities, reputational damage, and an adverse impact on its business and financial performance
IPO FAQs
The promoters of the company are Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal and Deepak Agarwal.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 193.0 - 203.0.
The IPO application opens on Jun 17, 2026 and closes on Jun 19, 2026.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
For all category investors, the minimum application amount for this IPO is Rs. 231,600.0, the maximum value for this IPO is Rs 243,600.0.
This IPO will be allotted on Jun 22, 2026.
The refund will be credited to your account on Jun 23, 2026.
The allotted shares will be credited to your demat on Jun 23, 2026.
Clay Craft India Ltd.’s shares listed on the stock exchanges on Jun 24, 2026.