Clay Craft India IPO Listing: Stock Opens at Rs 211 Premium, Hits Rs 221.55 on NSE Emerge Debut
- June 24, 2026
- Posted by: Ankit Jaiswal
- Category: IPO
Clay Craft India IPO: Listed Rs 211 (+3.9%), high Rs 221.55 (+9.1%). IPO price Rs 203. Subscribed 103.06x. NSE Emerge debut. FY26 revenue Rs 185 Cr. PAT Rs 27 Cr. Bone china tableware.
The Clay Craft India IPO made a positive debut on the NSE Emerge SME platform today, with the stock opening at Rs 211 against the IPO price of Rs 203, a listing premium of approximately 3.9%. The Clay Craft India IPO share price then extended its gains to Rs 221.55, delivering a total gain of approximately 9.1% from the IPO price for allottees who participated in the public issue. The Clay Craft India IPO had generated strong investor interest during the subscription window, with the issue subscribed 103.06 times overall, with QIB investors subscribing 119.19 times, non-institutional investors (NIIs) subscribing 153.95 times, and retail individual investors subscribing 71.76 times. The strong subscription numbers reflect investor confidence in the company’s bone china and ceramic tableware business, which has posted consistent revenue and profit growth over recent years. Ankit Jaiswal, Senior Research Analyst at Univest notes that the Clay Craft India IPO listing performance, while below the grey market premium indication of Rs 72 (implying around Rs 275), is nonetheless a healthy debut for an SME listing in a relatively subdued market environment.
The Clay Craft India IPO raised Rs 110.11 crore through a 100% fresh issue of 54.24 lakh equity shares at the upper price band of Rs 203 per share. A total of Rs 31.34 crore was raised from anchor investors ahead of the Clay Craft India IPO opening. The proceeds from the Clay Craft India IPO are primarily earmarked for funding Rs 97 crore of capital expenditure toward a new manufacturing facility at Manda, Rajasthan, with the balance going toward working capital requirements and general corporate purposes. Hem Securities Limited was the book-running lead manager and KFin Technologies Limited is the registrar for the Clay Craft India IPO.
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Clay Craft India IPO Listing Day Performance Summary
| Parameter | Details |
|---|---|
| Clay Craft India IPO Price (upper band) | Rs 203 |
| Listing Exchange | NSE Emerge (SME platform) |
| Listing Day Open | Rs 211 (+3.9% vs IPO price) |
| Listing Day High | Rs 221.55 (+9.1% vs IPO price) |
| Listing Day Low | Rs 211 |
| Current Price | Rs 221.55 |
| Clay Craft India IPO Subscription | 103.06x overall (QIB 119x, NII 154x, Retail 72x) |
| Issue Size | Rs 110.11 crore (fresh issue only) |
| Lot Size | 600 shares (min retail: 1,200 shares at Rs 2,43,600) |
| Lead Manager | Hem Securities Limited |
| Registrar | KFin Technologies Limited |
About Clay Craft India: Bone China and Ceramic Tableware
Track Clay Craft India Share Price Live on Univest Screener
Clay Craft India Limited is a Jaipur, Rajasthan-based manufacturer and distributor of bone china crockery and ceramic tableware, with operating history going back to 1988. The company designs, manufactures, and sells a wide range of ceramic products under its in-house brands Clay Craft and JCPL, including dinner sets, mugs, cups, saucers, tea and coffee service sets, platters, bowls, and tabletop accessories. As of the most recently reported period, the company offered approximately 5,770 stock-keeping units (SKUs) across its product portfolio, serving households, hotels, restaurants and cafes (HoReCa), corporate clients, and government buyers. Distribution is supported by approximately 132 distributors across major states and union territories, a dedicated sales team, and a growing online and modern retail presence. The company employs over 1,392 people across its operations in Rajasthan.
Clay Craft India Financials and IPO Proceeds Use
The Clay Craft India IPO was backed by a company showing strong growth momentum. Revenue for the recently concluded year was Rs 184.57 crore, up approximately 20% from the prior year’s Rs 154.44 crore. Profit after tax was Rs 27.02 crore, up approximately 30% from Rs 20.76 crore in the previous year. EBITDA was Rs 41.96 crore (versus Rs 35.39 crore prior year), reflecting healthy operational leverage. The primary use of the Clay Craft India IPO proceeds is Rs 97 crore for setting up a new manufacturing facility at Manda, Rajasthan, which will significantly expand production capacity for bone china and ceramic products. This capacity addition is designed to help the company meet growing domestic and institutional demand while reducing order backlogs at the existing Jaipur facilities. As of the most recently reported balance sheet, the company had total outstanding borrowings of Rs 52.19 crore. A portion of the Clay Craft India IPO proceeds will also be used for debt repayment and general working capital requirements.
Conclusion: Clay Craft India IPO Listing
The Clay Craft India IPO has delivered a positive listing, opening at Rs 211 and reaching Rs 221.55 (a gain of approximately 9.1% from the IPO price of Rs 203). The 103x subscription, strong FY26 financials (revenue Rs 184.57 crore, PAT Rs 27.02 crore), and a clear capital deployment plan (Rs 97 crore new facility at Manda) underpin the listing performance. As with all SME listings, investors should monitor post-listing liquidity and performance over subsequent sessions. Track the Clay Craft India IPO share price live on Univest. Consult a SEBI-registered financial advisor before investing.
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Disclaimer: All data sourced from publicly available information, BSE, NSE, and SEBI filings. Verify all figures from official exchange portals. IPO investments are subject to market risk. This is educational content only, not investment advice from Univest (SEBI RA INH000013776). SME IPOs carry higher volatility and lower liquidity than mainboard stocks.
Frequently Asked Questions
What is Clay Craft India IPO listing price today?
Ans. The Clay Craft India IPO listed on NSE Emerge at Rs 211 against the IPO price of Rs 203, a listing gain of approximately 3.9%. The stock subsequently hit an intraday high of Rs 221.55, representing a gain of approximately 9.1% from the IPO price. The Clay Craft India IPO listing was on the NSE Emerge SME platform.
What was the Clay Craft India IPO subscription?
Ans. The Clay Craft India IPO was subscribed 103.06 times overall. Category-wise: QIB (Qualified Institutional Buyers) subscribed 119.19 times, NII (Non-Institutional Investors/HNI) subscribed 153.95 times, and Retail Individual Investors subscribed 71.76 times. The issue raised Rs 31.34 crore from anchor investors ahead of the main subscription.
What is Clay Craft India’s business?
Ans. Clay Craft India Limited is a Jaipur, Rajasthan-based manufacturer of bone china crockery and ceramic tableware, operating since 1988. The company sells dinnerware, mugs, cups, tea and coffee sets, platters, and bowls under its Clay Craft and JCPL brands. It offers approximately 5,770 SKUs and distributes through 132 distributors, modern retail chains, HoReCa, e-commerce, and corporate channels across India.
What are Clay Craft India’s financials?
Ans. Clay Craft India’s recent financials: Revenue Rs 184.57 crore (approximately 20% growth year-on-year from Rs 154.44 crore), PAT Rs 27.02 crore (approximately 30% growth from Rs 20.76 crore), EBITDA Rs 41.96 crore. Total borrowings as of the last reported period were Rs 52.19 crore. The company employs over 1,392 people.
What will Clay Craft India use IPO proceeds for?
Ans. The Clay Craft India IPO raised Rs 110.11 crore as a 100% fresh issue. The primary use of proceeds is Rs 97 crore for capital expenditure to set up a new manufacturing facility at Manda, Rajasthan. The balance will be used for working capital requirements, repayment of borrowings, and general corporate purposes.
What is the Clay Craft India IPO lot size?
Ans. The Clay Craft India IPO lot size is 600 shares. The minimum retail application was 2 lots, i.e., 1,200 shares, requiring an investment of Rs 2,43,600 at the upper price band of Rs 203. For HNI investors, the minimum was 3 lots (1,800 shares) at Rs 3,65,400.
Why did Clay Craft India IPO list below the expected Rs 275 GMP-implied price?
Ans. The Clay Craft India IPO listed at Rs 211 against a grey market premium that had suggested a listing near Rs 275 (approximately 35% above the IPO price of Rs 203). The lower-than-expected listing reflects broader market conditions on listing day, secondary market selling by some allottees, and the general tendency for SME IPO GMP to overestimate actual listing gains. The actual listing gain of approximately 3.9% at open and 9.1% at the high is still a positive outcome for IPO allottees.
Who are the promoters of Clay Craft India?
Ans. The promoters of Clay Craft India Limited are Rajesh Narain Agarwal, Vikas Agarwal (Managing Director), Bharat Agarwal, and Deepak Agarwal. The promoter group collectively brings over a century of combined experience in the ceramic tableware industry. Post-IPO, promoter holding has reduced from pre-issue levels due to the dilution from the fresh issue of 54.24 lakh shares.
