Clay Craft India IPO: Price Band, GMP, and Subscription Details

Clay Craft India is set to launch its NSE SME-bound Initial Public Offering (IPO) this week, aiming to raise ₹110.11 crore to fuel its manufacturing expansion. With a growing portfolio in the ceramic tableware segment, the company is attracting significant attention from both retail and high-net-worth investors.

IPO Details, Price Band, and Investment Requirements

The Clay Craft India IPO will open for subscription on Wednesday, June 17, and will remain open until June 19. The issue consists entirely of a fresh issue of 54.24 lakh equity shares. Investors can bid within a price band of ₹193 to ₹203 per share. At the upper price limit, the company’s valuation stands at approximately ₹417.6 crore.

For those looking to participate, the investment scale is as follows:

• Retail Investors: A minimum application requires two lots (1,200 shares), involving an investment of ₹2.44 lakh at the upper price band.
• High-Net-Worth Investors (NII): A minimum bid of three lots (1,800 shares) is required, translating to an investment of ₹3.65 lakh.

The allotment process is expected to conclude on June 22, with the official listing on the NSE SME platform slated for June 24.

Grey Market Premium and Anchor Investor Interest

Market sentiment appears cautiously optimistic, with the Grey Market Premium (GMP) currently hovering around 20%. While GMP serves as an unofficial indicator of potential listing gains, it remains subject to high volatility before the actual listing date.

Strengthening investor confidence, Clay Craft India successfully raised ₹31.34 crore from anchor investors on June 16 through the allocation of 15.43 lakh shares. Hem Securities is managing the issue as the book-running lead manager, while Kfin Technologies will serve as the registrar.

Business Profile and Growth Strategy

Founded in 1994, Clay Craft India has established itself as a specialist in bone china crockery and ceramic tableware. The company serves a diverse clientele, ranging from individual households to the hospitality and corporate sectors. As of March 31, 2026, the company managed a massive inventory of approximately 5,770 stock-keeping units (SKUs) and employed over 1,390 people.

今回の資金調達の主な目的は、積極的な事業拡大です。同社は、手取額のうち約97クロール・ルピーをラジャスタン州マンダにおける新しい製造施設の設立に充てる意向です。残りの資金は、一般事業目的に充てられます。

財務実績および収益動向

同社の財務状況は、明確な上昇傾向を示しています。Clay Craftは、FY26の総収入として184.57クロール・ルピーを報告しており、これはFY25に記録された154.44クロール・ルピーから顕著な増加となっています。さらに特筆すべきは、税引後利益（PAT）が前年比30%増となり、前年度の20.76クロール・ルピーから27.01クロール・ルピーへと上昇したことです。

主なポイント

• 資金の使途: 同社は、調達した110.11クロール・ルピーのうち97クロール・ルピーを、ラジャスタン州に新しい製造ユニットを建設するために使用する計画です。
• 力強い財務成長: Clay Craftは、FY26の税引後利益が前年比30%増の27.01クロール・ルピーに達したことを報告しました。
• 申し込み期間: IPOの申し込み期間は6月17日から6月19日までで、価格帯は1株あたり193〜203ルピーに設定されています。