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

Clay Craft India is set to launch its NSE SME IPO this week, aiming to raise ₹110.11 crore through a fresh issue of equity shares. As the company seeks to expand its manufacturing footprint, investors are closely monitoring the grey market trends and financial performance.

IPO Details and Subscription Timeline

The Clay Craft India IPO is scheduled to open for subscription on Wednesday, June 17, and will remain open for three days until June 19. The company has set a price band of ₹193 to ₹203 per share. At the upper end of this band, the company's valuation stands at approximately ₹417.6 crore.

The issue consists entirely of a fresh issue of 54.24 lakh equity shares. For retail investors, the minimum application size is two lots (1,200 shares), requiring an investment of ₹2.44 lakh at the upper price band. High-net-worth individuals (HNIs) must bid for at least three lots (1,800 shares), which translates to a minimum investment of ₹3.65 lakh. Allotment is expected to be finalized on June 22, with listing on the NSE SME platform anticipated on June 24.

Grey Market Premium and Anchor Investor Interest

Market sentiment appears cautiously optimistic, with the Grey Market Premium (GMP) reportedly hovering around 20%. While this suggests potential listing gains, investors should note that GMP is an unofficial metric subject to high volatility.

The company has already secured significant interest from institutional players. On June 16, ahead of the public issue, Clay Craft India raised ₹31.34 crore from anchor investors through the allocation of 15.43 lakh shares. Hem Securities is acting as the book-running lead manager, while Kfin Technologies will serve as the registrar.

Business Profile and Use of Proceeds

Founded in 1994, Clay Craft India specializes in the manufacture of bone china crockery and ceramic tableware. Its extensive product portfolio, which includes dinnerware, mugs, and tea sets, serves households, corporate clients, and the hospitality sector (hotels and restaurants). As of March 31, 2026, the company managed approximately 5,770 stock-keeping units (SKUs) and employed over 1,390 people.

회사는 IPO 공모 자금의 대부분을 성장을 위한 동력으로 사용할 계획입니다. 구체적으로, ₹97 crore는 라자스탄주 만다(Manda)에 새로운 제조 시설을 구축하는 데 할당될 예정입니다. 나머지 자금은 일반 기업 운영 목적으로 사용될 것입니다.

재무 실적 및 성장 궤도

회사는 최근 재무 보고서에서 강력한 상승세를 보여주었습니다. 2026 회계연도(FY26) 기준, Clay Craft India는 ₹184.57 crore의 총 수입을 기록하며, 2025 회계연도(FY25)에 보고된 ₹154.44 crore 대비 눈에 띄는 증가를 나타냈습니다.

더욱 인상적인 점은 회사의 수익성이 크게 향상되었다는 것입니다. 세후 이익(PAT)은 전년 대비 30% 증가하여, 전 회계연도의 ₹20.76 crore에서 2026 회계연도에는 ₹27.01 crore에 도달했습니다. 매출과 순이익 모두에서 나타난 이러한 성장은 세라믹 산업 내에서 회사의 확장 능력을 입증합니다.

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