The Clay Craft IPO made a successful market debut today, June 24, 2026, listing at ₹211 per share on the NSE SME platform, representing a 3.94% premium over the IPO issue price of ₹203 per share. According to Business Standard, the stock hit an intraday high of ₹221.55, trading at a 9.14% premium to the issue price, before settling at the upper price band. The retail portion was booked nearly 71.76 times, while the segment reserved for NIIs subscribed to 153.95 times. The QIB's portion was also well-received, being booked 119.19 times. The SME IPO opened for public subscription on Wednesday, June 17, and concluded on Friday, June 19, with shares allotment finalised today, Monday, June 22. The issue received bids for 37.18 crore shares against 36.08 lakh shares on offer, with the price band of ₹193 to ₹203 per share, aiming to raise ₹110.11 crore.
The IPO was entirely a fresh issue of 54.24 lakh shares with a price band of ₹193 to ₹203 per share. As reported by Business Standard, the book build issue aimed to raise ₹110.11 crore, out of which the company intends to use ₹97 crore for setting up an additional manufacturing facility at Manda, Rajasthan. The remaining amount will be utilized for general corporate purposes. The allotment process was completed with successful bidders receiving shares by June 23, while refunds for non-allottees were processed on the same day. Hem Securities served as the book-running lead manager, while KFin Technologies Limited acted as the official registrar for the SME IPO. Notably, the promoter and promoter group shareholding diluted to 73.63% from 100% pre-issue following the public offering.
According to Business Standard, ahead of the IPO, Clay Craft India raised ₹31.33 crore from anchor investors on June 16, 2026. The board allotted 15.43 lakh shares at ₹203 per share to 18 anchor investors. On the listing day, the stock demonstrated strong investor interest with 22.67 lakh shares changing hands at the counter. The scrip was listed at ₹211 and is currently frozen at its upper limit of 5% over the listing price. Individual investors who received the Clay Craft India IPO allotment made ₹2,53,200 per lot, with each lot consisting of 600 shares and a minimum investment requirement of 1,200 shares for individual investors.
As per Business Standard and The Economic Times analysis, Clay Craft India Limited, incorporated in July 1994 and headquartered in Jaipur, Rajasthan, is a manufacturer and distributor of ceramic tableware products. The company offers approximately 5,770 stock-keeping units (SKUs) across plates, cups, saucers, mugs, platters, tea sets and other kitchenware under multiple brand names, serving households, hotels, restaurants, catering businesses, institutional buyers and corporate gifting customers. The company also caters to the HoReCa (hotel, restaurant and catering) segment and has an extensive distribution network, employing more than 1,390 people. The company reported FY26 revenue of ₹184.57 crore, up approximately 19.5% from ₹154.44 crore in FY25, with profit after tax growing 30.1% to ₹27.01 crore from ₹20.76 crore. EBITDA stood at ₹41.959 crore with a strong margin of approximately 22.7%. For the period ended March 31, 2026, the company recorded revenue from operations of ₹179.89 crore and net profit of ₹27.01 crore.
