Clay Craft IPO is a book-built SME public issue aggregating to ₹110.11 crore and consists entirely of a fresh issue of 54.24 lakh equity shares. The IPO will remain open for subscription from June 17, 2026, to June 19, 2026. The basis of allotment is likely to be finalized on June 22, 2026, while the shares are expected to be listed on the NSE SME platform on June 24, 2026.
The company has fixed a price band of ₹193–₹203 per share. Investors can apply in lots of 600 shares, with the minimum retail application requiring 1,200 shares, translating to an investment of ₹2,43,600 at the upper price band. For HNI investors, the minimum application size is 1,800 shares (3 lots), amounting to ₹3,65,400.
The IPO is being managed by Hem Securities Limited as the book-running lead manager, while Kfin Technologies Limited has been appointed as the registrar to the issue. Hem Finlease Private Limited will act as the market maker for the offering.
Industry Outlook
- The ceramic tableware industry is expected to benefit from rising disposable incomes, urbanisation, and increasing demand for premium lifestyle products.
- Growth in the Hotel, Restaurant, and Catering (HoReCa) sector is driving demand for high-quality and aesthetically appealing tableware products.
- Indian manufacturers are also gaining opportunities in export markets as global companies diversify their sourcing strategies beyond traditional manufacturing hubs.
- The company offers a diversified product portfolio with nearly 5,770 SKUs, serving households, corporate clients, and institutional customers.
- Its manufacturing facility in Jaipur has a production capacity of around 1 lakh pieces per day and utilizes advanced technologies such as digital ceramic printing.
- Clay Craft has built a strong presence across retail, hospitality, and corporate gifting segments, supported by an extensive distribution network.
Clay Craft India IPO Objectives
The company intends to utilise the net proceeds from the IPO for the following purposes:
- Setting up a new manufacturing facility: Approximately ₹97 crore will be invested in establishing an additional production facility at Manda, Rajasthan, aimed at expanding manufacturing capacity and supporting future growth.
- General corporate purposes: A portion of the proceeds will also be used to meet various business and operational requirements, providing greater financial flexibility for the company.
About Clay Craft India Limited
Founded in July 1994, Clay Craft India Ltd. is engaged in the manufacturing of bone china crockery and ceramic tableware products. The company offers a wide range of premium dining and kitchenware items, including dinnerware, mugs, platters, tea and coffee service sets, and related accessories. Its products cater to households, hospitality establishments, corporate gifting requirements, and institutional customers. The company also provides customised ceramic solutions tailored to specific client needs and has developed specialised offerings for the HoReCa (Hotel, Restaurant, and Catering) sector.
As of March 31, 2026, Clay Craft India managed a portfolio of approximately 5,770 SKUs across multiple brands and product categories, supported by a workforce of more than 1,392 employees. The company’s key strengths include its integrated and scalable manufacturing operations, experienced leadership team, strong focus on in-house design and product innovation, diversified product range, and an extensive distribution network with a multi-channel market presence.
How To Check the Allotment Status of the Clay Craft India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Clay Craft India IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Clay Craft India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Clay Craft India IPO
Registered Office: Clay Craft India Ltd. Address-F-766 & F-766 A, Road No. 1-D, Vishwakarma Industrial Area, Jaipur, Rajasthan, 302013
Phone:+91 1414107978
E‑mail:cs@claycraftindia.com
Clay Craft India IPO Reservation
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
| QIB Shares Offered | 25,74,000 | 49.97% | 47.46% |
| └ Anchor Investor Portion | 15,43,800 | — | 28.46% |
| └ QIB (Excluding Anchor) | 10,30,200 | — | 18.99% |
| NII (HNI) Shares Offered | 7,74,000 | 15.02% | 14.27% |
| Retail Shares Offered | 18,03,600 | 35.01% | 33.25% |
| Market Maker Reservation | 2,72,400 | — | 5.02% |
| Total Shares Offered | 54,24,000 | 100.00% | 100.00% |
Clay Craft India IPO Promoter Holding
The promoters of the company are Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal, Deepak Agarwal.
| Share Holding Pre-Issue | 100% |
| Share Holding Post Issue | 73.63% |
Key Performance Indicators for Clay Craft India IPO
| KPI | Value (as of Mar 31, 2026) |
| ROE | 17.71% |
| ROCE | 18.26% |
| Debt-to-Equity Ratio | 0.30 |
| RoNW | 16.27% |
| PAT Margin | 15.02% |
| EBITDA Margin | 23.33% |
| Price-to-Book Value (P/B) | 1.85x |
Clay Craft India IPO Prospectus
Clay Craft India IPO Registrar and Lead Managers
Clay Craft India IPO Lead Managers
- Hem Securities Ltd
Registrar for Clay Craft India IPO
Kfin Technologies Ltd.
- Contact Number: 04067162222, 04079611000
- Email Address:claycraft.ipo@kfintech.com
Financial Performance of Clay Craft India Limited
| Particulars | FY26 (Mar 31, 2026) | FY25 (Mar 31, 2025) |
| Assets | 251.95 | 217.39 |
| Total Income | 184.57 | 154.44 |
| Profit After Tax (PAT) | 27.01 | 20.76 |
| EBITDA | 41.96 | 35.39 |
| Net Worth | 166.06 | 139.05 |
| Reserves & Surplus | 150.92 | 134.00 |
| Total Borrowings | 49.98 | 47.75 |
Strengths and Opportunities of Clay Craft India IPO
- Established in 1994, the company has built a strong presence in the ceramic and bone china tableware industry with a portfolio of over 5,770 SKUs.
- It has an extensive distribution network comprising around 132 distributors across various states and union territories in India.
- The company serves a diversified customer base, including households, corporate gifting clients, and the HoReCa (Hotel, Restaurant, and Catering) segment.
- Clay Craft has reported healthy financial performance, with total income of ₹184.57 crore, EBITDA of ₹41.96 crore, and PAT of ₹27.01 crore in FY26.
- Rising urbanisation, increasing disposable incomes, and growth in the hospitality and tourism sectors are expected to support demand for ceramic tableware products.
- The IPO proceeds are expected to help expand manufacturing capacity, enabling the company to cater to growing domestic and international demand.
- The ongoing trend toward premium and aesthetically designed tableware products could support revenue growth and margin expansion.
Risks and Threats of Clay Craft India IPO
- The ₹110.11 crore IPO consists entirely of a fresh issue, with a significant portion of the proceeds earmarked for capacity expansion through a new manufacturing facility in Manda, Rajasthan.
- The proposed expansion involves substantial capital expenditure, which may expose the company to project execution, operational ramp-up, and demand realisation risks if the new facility does not perform as expected.
- A large share of the company's revenue is generated from its flagship brands, making its financial performance dependent on maintaining brand reputation and relationships with key institutional and commercial customers.
- All of the company's manufacturing facilities are located in Rajasthan. Any disruptions arising from natural calamities, power shortages, infrastructure issues, or adverse regulatory developments in the state could affect operations.
- The company relies on a network of suppliers for critical raw materials and does not have long-term supply agreements with all of them. Any supply disruptions or increases in raw material and energy costs could impact profitability and margins.
- Since the shares will be listed on the NSE SME platform, investors should be aware of the relatively lower liquidity and potentially higher price volatility typically associated with SME-listed stocks.
- The high minimum investment requirement of ₹2,43,600 may also limit participation and affect trading volumes after listing.
