Clay Craft India's IPO concluded its bidding process on June 19, 2026, achieving exceptional investor response with 35.44 times subscription on the final day. According to NSE data, the public issue received 3.04 crore equity shares against the offer size of 38.8 lakh shares via 14,706 applications. The retail category demonstrated strong demand with 31.82 times subscription, while non-institutional investors (NIIs) led the response with 67.52 times subscription of their allocated quota. The qualified institutional buyers (QIB) section was subscribed 17.48 times, maintaining robust participation across all investor categories throughout the three-day bidding period.
The company has already mobilized ₹31.33 crore by issuing 15.43 lakh shares to 18 anchor investors, demonstrating strong institutional confidence. Key anchor investors include Motilal Oswal Finvest, Sanshi Fund, Small Industries Development Bank of India, India Max Investment Fund, Kuber India Opportunity Fund, Tattvam AIF Trust, Tiger Strategies Fund, and Innovative Vision Fund. As per Moneycontrol, Hem Securities is acting as the book running lead manager for the Clay Craft India IPO, with Kfin Technologies Ltd. serving as the registrar. The strong anchor investor participation indicates institutional backing for the company's expansion plans and growth prospects.
Clay Craft India operates two manufacturing facilities spread across roughly 89,000 sq. mtrs. in Jaipur and Manda, Rajasthan, with a combined capacity of about 6,000 MT and capacity utilization of around 82%. The company plans to utilize ₹97 crore of IPO proceeds to establish an additional manufacturing facility at Manda, Rajasthan, with the remaining funds for general corporate purposes. According to Moneycontrol, considering the proposed expansion through IPO proceeds, the company expects the existing installed capacity to increase by approximately 4,000 MT. The company sells its products under two in-house brands, Clay Craft and JCPL, with a portfolio of more than 5,770 SKUs across various brands, supported by a workforce of over 1,390 employees.
The basis of allotment for the Clay Craft India IPO is expected to be finalized on June 22, with listing scheduled for June 24 on the NSE SME platform. A lot consists of 600 shares, and the minimum investment for individual investors is two lots or 1,200 shares. Retail investors must apply for at least two lots equivalent to 1,200 shares, which entails an investment of ₹2.44 lakh at the upper end of the price band. For high-net-worth individuals (HNIs), the minimum application size is three lots or 1,800 shares, requiring an investment of approximately ₹3.65 lakh. The equity shares will be listed on NSE Emerge, the platform for SME companies, with the company raising ₹110.11 crore through a fresh issuance of 54.24 lakh equity shares priced between ₹193-203 per share.
The grey market continues to show strong performance with Clay Craft India IPO shares commanding a strong premium of ₹44, indicating a potential listing gain of 22%. According to grey market tracking websites, unlisted shares of Clay Craft India Ltd were trading at ₹247 per share, reflecting a grey market premium (GMP) of ₹44 over the upper price band of ₹203. The ₹110.11 crore initial public offering is solely a fresh issuance of 54.24 lakh shares, with no offer for sale (OFS) component. The company, based in Jaipur, is a manufacturer and distributor of ceramic tableware products, engaged in the design, development, production and sale of various ceramic tableware, including dinner sets, mugs, tumblers, platters, tea and coffee serving sets, bowls and tabletop accessories.
