Clay Craft India IPO Details
Issue Date
17 Jun - 19 Jun'26
Price Range
₹193 - ₹203
Lot Size
600
IPO Size
₹110.11 Cr
Schedule of Clay Craft India IPO
Start date
17/06/2026
End date
19/06/2026
Allotment of bids
22/06/2026
Refund Initiation
23/06/2026
Listing on exchange
24/06/2026
About Clay Craft India IPO
The public issue of the Clay Craft India IPO, an SME IPO, opens on Wednesday, Jun 17, 2026 and closes on Friday, Jun 19, 2026. The allotment of shares will take place on Monday, June 22, 2026. The credit of shares to the demat account will take place on Tuesday, June 23, 2026. The initiation of refunds will take place on Tue, Jun 23, 2026. The listing of shares will take place on Wednesday, June 24, 2026.
The offer consists of a fresh issue component. The fresh issue will include 0.54 crore shares of ₹110.11 crores. The total number of shares is 54,24,000 and the aggregate amount is ₹110 crores.
Clay Craft India IPO’s price band is set at ₹193 to ₹203 per share. The lot size for an application is 600 shares. The minimum amount of investment required by a retail investor is ₹2,43,600 (1,200 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (1,800 shares), amounting to ₹3,65,400.
Clay Craft India is a manufacturer and distributor of ceramic tableware products in India, engaged in the design, development, production and sale of a wide range of ceramic tableware including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and table top accessories. Their product portfolio addresses the diverse requirements of retail consumers, institutional buyers, and the hospitality industry
Objectives of Clay Craft India IPO
- To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan.
- General corporate purpose.
Clay Craft India IPO Valuation
Upper Price Band | ₹203 |
Reserved for Market Maker | 2,72,400 shares (aggregating up to ₹6 crores) |
Market Maker | Hem Finlease Pvt.Ltd. |
Fresh Issue (Ex Market Maker) | 51,51,600 shares (aggregating up to ₹105 crores) |
Net Offered to Public | 51,51,600 shares (aggregating up to ₹105 crores) |
Offer for Sale | – |
EPS Diluted (in ₹) for FY26 | 17.84 |
Share Offer and Subscription Details
QIBs | Not more than 50% of the net offer |
Non-institutional Investors (NIIs) | Not less than 15% of the net offer |
Retail-individual Investors (RIIs) | Not less than 35% of the net offer |
Clay Craft India IPO Lot Size
Individual investors (Retail) (Min) | 2 | 1,200 | ₹2,43,600 |
Individual investors (Retail) (Max) | 2 | 1,200 | ₹2,43,600 |
S-HNI (Min) | 3 | 1,800 | ₹3,65,400 |
S-HNI (Max) | 8 | 4,800 | ₹9,74,400 |
B-HNI (Min) | 9 | 5,400 | ₹10,96,200 |
Industry Outlook
The ceramic tableware industry in India presents a dynamic and steadily evolving landscape, shaped by rising consumer sophistication, expanding hospitality infrastructure, and a robust manufacturing base. India is one of the largest producers and exporters of ceramic tableware globally, with the industry offering a broad range of products such as plates, bowls, mugs, teapots, serving dishes, and specialty items. These are manufactured using various ceramic types, including porcelain, stoneware, bone China, and earthenware, each catering to different price points, functionalities, and aesthetic preferences.
About Clay Craft India
Clay Craft India is a manufacturer and distributor of ceramic tableware products in India, engaged in the design, development, production and sale of a wide range of ceramic tableware including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and table top accessories. Their product portfolio addresses the diverse requirements of retail consumers, institutional buyers, and the hospitality industry. They market their products under their in-house brands, Clay Craft and JCPL, in addition to their proprietary brands. They have entered into arrangements with various customers for whom they undertake design, development, and manufacturing activities. They also offer customized ceramic solutions for corporate and institutional clients based on specific requirements and have developed a product range for the HoReCa (Hotel, Restaurant, and Catering) segment to meet the operational needs of the industry. They primarily operate on a business-to-business (B2B) model, supplying the majority of their products through their own distribution network, large format retail chains and using different retail channels. They cater to bulk orders from corporate clients and government departments, offering customized solutions as per their procurement needs. They also market their products through Griha, a retail store operated by their promoter group, further expanding their customer touchpoints.
Strengths of Clay Craft India
- Integrated and scalable manufacturing capabilities.
- Experienced promoter and management team.
- In house design development with focus towards quality and innovation.
- Diversified product portfolio.
- Extensive distribution network and multi-channel presence.
Risks of Clay Craft India
- They may not be able to maintain, protect, or enhance their brand recognition, which could have a material adverse effect on their business, and more.
- They depend on certain key suppliers to procure a significant portion of their raw materials.
- If they fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for their products could decrease.
- They are dependent on their distribution network, retailers including large format stores and online platforms to sell their products and any disruption in their trade channel could have an adverse effect on their business.
- They are subject to the risk associated with certain of their premises being leased.
Clay Craft India Financials (in ₹ crores)
Peer Comparison
Clay Craft India | There are no listed companies in India that are engaged in the business line similar to that of the company, thus it is not possible to provide an industry comparison in relation to the company. | - | - | - |
Anchor Investor Bidding Date: Tuesday, June 16, 2026
Registrar Details
KFIN Technologies Limited
Email: claycraft.ipo@kfintech.com
Phone: +9140-67162222
Book Running Lead Manager
HEM Securities Limited
Clay Craft India Contact Details
F-766 & F-766 A, Road No. 1-D, Vishwakarma Industrial Area, Jaipur, Rajasthan, 302013.
Email: cs@claycraftindia.com
Phone: +91 1414107978
Clay Craft India Business Model
The company earns its revenue as a manufacturer and distributor of ceramic tableware products in India, engaged in the design, development, production and sale of a wide range of ceramic tableware including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and table top accessories.
Clay Craft India Growth Trajectory
Clay Craft India’s Total Income for FY26 was ₹184.569 crores, whereas in FY25, it was ₹154.437 crores. (Consolidated)
The Profit After Tax for FY26 was ₹27.015 crores, whereas in FY25, it was ₹20.757 crores.
Their EBITDA for FY26 was ₹41.959 crores, whereas in FY25, it was ₹35.391 crores.
Clay Craft India Market Position
As of March 31, 2026, they offer approximately 5,770 stockkeeping units (SKUs) across various product categories under different brands. As of March 31, 2026, their distribution network includes approximately 132 distributors across major states and union territories in India, supported by a dedicated sales and marketing team of 47 personnel.
As of 31 March 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹184.569 crores, ₹27.015 crores, and ₹41.959 crores, respectively.
Clay Craft India Profit and Loss Statement (in ₹ crores)
Total Income | 184.569 | 154.437 |
Profit Before Tax | 36.063 | 28.499 |
Profit After Tax | 27.015 | 20.757 |
EPS (Diluted) ₹ | 17.84 | 13.70 |
EBITDA | 41.959 | 35.391 |
Clay Craft India Balance Sheet (in ₹ crores)
Profit Before Tax | 36.063 | 28.499 |
Net Cash from Operating Activities | 26.645 | 27.170 |
Net Cash from Investing Activities | (21.078) | (0.654) |
Net Cash from Financing Activities | (1.891) | (3.351) |
Cash & Cash Equivalents | 32.204 | 28.528 |
Note: () denotes negative
How to apply for Clay Craft India IPO?
- Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
- Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
- Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.
Clay Craft India IPO FAQs
The Clay Craft India IPO opens for subscription from 17-06-2026 to 19-06-2026, with a total issue size of ₹110.11 Cr. The IPO price band is ₹193 to ₹203 per share with a lot size of 600. The company aims to list the shares on BSE & NSE on 24-06-2026.
The Clay Craft India IPO will open for subscription on 17-06-2026 and will close on 19-06-2026 for investors.
The minimum lot size for the Clay Craft India IPO is 600 equity shares, requiring a minimum investment of ₹121800 for retail investors applying in the IPO.
The price band of the Clay Craft India IPO has been fixed at ₹193 to ₹203 per equity share.
You can apply for the Clay Craft India IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
Clay Craft India IPO allotment will take place on 22-06-2026.
You can check the Clay Craft India IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
Clay Craft India shares will list on the stock exchanges on 24-06-2026.
Vikas Agarwal is the Managing Director of Clay Craft India.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.
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