Clay Craft India IPO

Clay Craft India IPO Details

Clay Craft India IPO is a 100% book-built issue comprising 54.24 lakh equity shares worth up to ₹110.11 crore, entirely a fresh issue of shares, with a face value of ₹10 per share. The company filed its DRHP with SEBI on September 2, 2025.

The price band of the issue is set at ₹193 to ₹203 per share and the lot size for an application is 600 shares. The minimum amount required by an individual investor (retail investor) is ₹2,43,600 (1,200 shares). The IPO will open from June 17 to 19, 2026, on the NSE SME platform, with a tentative listing date fixed as June 24, 2026. The book-running lead manager of the issue is HEM Securities Ltd., while the registrar to the offer is Kfin Technologies Ltd.

Clay Craft India IPO Date & Timeline

The Clay Craft India IPO is officially set to open for subscription on Jun 17, 2026 and will close on Jun 19, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 2, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window allotment is expected on Jun 22, 2026. Following this, the company will initiate refunds and credit shares to successful investors' demat accounts on Jun 23, 2026. Finally, Clay Craft India Ltd.'s shares are tentatively scheduled to list on the stock exchanges on Jun 24, 2026.

Clay Craft India IPO GMP (Grey Market Premium)

“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.

The Clay Craft India IPO GMP is currently trading at ₹45, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹248, which is 22.17% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.

Company Background

Clay Craft India Ltd. was incorporated on October 31, 1988, as a private limited company and then on July 15, 2025, the company converted into a public limited company to proceed with its public listing procedure. Over the decades, the enterprise evolved significantly to focus exclusively on the design, development and production of high-quality ceramic tableware.

To facilitate its transition to the public markets, the entity was converted into a public limited company and its name was subsequently changed to Clay Craft India Limited on July 15, 2025. The company is headquartered in Jaipur, Rajasthan and manages its corporate operations from its offices situated in the Vishwakarma Industrial Area.

Operations & Product Range

Clay Craft India Ltd. produces and markets a large array of ceramics tableware items in India that include dinner ware sets, mugs, bowls, trays and tea/coffee sets, for customers ranging from the retail market through institutional organizations, as well as the hospitality industry. The production process involved raw materials such as calcium phosphate, gold decal paste, color for ceramics, bentonite and kaolin, requiring many high temperature firings.

Facilities & Capacity

Clay Craft India Ltd.’s manufacturing operations are currently conducted at two primary facilities located in Jaipur and Manda, Rajasthan. Combined, these facilities boast a total installed capacity of 6,000 metric tons per annum (MTPA). Looking forward, the company has outlined significant expansion plans, specifically intending to set up a robust additional manufacturing facility at its Manda site. This new production line will feature advanced machinery, including isostatic pressing and automated glazing lines, aiming to increase the existing installed capacity by an additional 4,000 MT.

Brands & Market Presence

Clay Craft India Ltd. has been able to make a significant mark in the market through its proprietary brands namely Clay Craft and JCPL, accounting for 78.56% and 14.83%, respectively, of the total turnover generated during FY25. Apart from its proprietary brands, the company also designs and manufactures goods for other clients and distributes these across various distribution channels comprising distributors, retailers, big stores, ecommerce and exports.

Revenue Streams & Business Model

The primary revenue source for Clay Craft India Ltd. is the direct sale of its manufactured ceramic tableware. A significant majority of the sales volume is driven by strong domestic demand from retail consumers and the HORECA sector. A major portion of the overall revenue is concentrated specifically in the popular mugs and dinnerware categories. While the bulk of the income is generated domestically, the company also maintains an export footprint, which contributed ₹0.72 crore in the fiscal year 2025. The company follows a hybrid business model, involving both direct proprietary brand sales and steady B2B manufacturing arrangements.

Management & Shareholding

The promoters of Clay Craft India Ltd. are Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal and Deepak Agarwal. Before the IPO, the promoters held a 97.32% stake and promoters group held a 2.67% stake in the company, but after the IPO, the promoters and promoters ownership will be slightly diluted as the offering includes fresh issue but no OFS.

Board & Key Management

The leadership of Clay Craft India Ltd. is led by a team of experts with many years of experience. Prakash Dangayach serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Vikas Agarwal, the Managing Director, along with Whole-Time Directors Deepak Agarwal, Bharat Agarwal, Rajesh Narain Agarwal. To ensure good governance, the board includes Independent Directors Ashok Kumar Bhargava, Nirmal Badri Prasad Joshi for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.