Clay Craft India IPO
Ceramic Products • ₹110.11 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- Regulatory or legal risks cited in DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹203
Lot Size
600 shares
Issue Size
₹110.11 Cr
Open
17 Jun 2026
Close
19 Jun 2026
Subscription
95.3×
IPO Schedule
| Issue Open Date | 17 Jun 2026 |
| Issue Close Date | 19 Jun 2026 |
| Listing Date | 23 Jun 2026 |
About Clay Craft India
Clay Craft India Limited is engaged in the manufacturing and distribution of ceramic tableware products in India. The company designs, develops, produces, and sells a range of ceramic products, including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and tabletop accessories. It caters to retail consumers, institutional buyers, and the hospitality sector, and also undertakes customised product development and manufacturing for corporate and institutional clients. The company markets its products under its in-house brands, including Clay Craft and JCPL, and offers approximately 5,770 stock-keeping units (SKUs) across various product categories. As of the date of the prospectus, Clay Craft India operates two manufacturing facilities in Rajasthan, located in Jaipur and the Manda-2 Industrial Area near Kaladera. Together, these facilities have an installed production capacity of approximately 6,000 metric tonnes per annum. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan — Rs 97 crore General corporate purposes
Company Details
Founders / Promoters
Mr Vikas Agarwal
Founded
1988
Registrar
KARVY
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Clay Craft India — IPOFins Verdict
QuantitativeDriven by QIB demand at 119.2x and elevated disclosed risk (7/10), Clay Craft India listed at a premium of 3.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
- The company operates two manufacturing facilities in Rajasthan with a combined installed capacity of approximately 6,000 metric tonnes per annum. It claims to have an integrated manufacturing setup th
- The company claims to undertake product design, development, decal printing, manufacturing, and packaging within its own facilities. This integrated approach reduces dependence on third-party vendors
- The company is ISO 9001:2015 certified for the manufacturing, trading, import, and export of tableware products, including dinner sets, coffee mugs, tea sets, and gift sets. It also claims to have an
- As of March 31, 2026, the company offered approximately 5,770 SKUs across multiple product categories, including dinnerware, mugs, tea and coffee serving sets, platters, bowls, tumblers, vacuum bottle
- The company has built a distribution network of approximately 132 distributors across India as of FY26. In addition to distributors, it sells through modern retail chains, corporate channels, governme
Score breakdown — what drove this verdict
High risk from DRHP → score -0.8
Institutional subscription → score +2.0
Strong retail interest → score +0.5
Actual listing outcome → score +0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹203
Listing Price
₹211
Listing Gain/Loss
+3.94%
Listing Date
23 Jun 2026
Price Since Listing
Returns are measured against the ₹203 issue price.
Listing
₹211
+3.9%
Current
₹163
-19.7%
Want to buy this stock?
Trade Clay Craft India on the secondary market
FAQ
What is the price band of Clay Craft India IPO?
The price band is ₹203 per share with a lot size of 600 shares. Minimum investment: ₹1,21,800.
What does Clay Craft India do?
Clay Craft India Limited is engaged in the manufacturing and distribution of ceramic tableware products in India. The company designs, develops, produces, and sells a range of ceramic products, including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and tabletop accessories. It caters to retail consumers, institutional buyers, and the hospitality sector, and also undertakes customised product development and manufacturing for corporate and institutional clients. The company markets its products under its in-house brands, including Clay Craft and JCPL, and offers approximately 5,770 stock-keeping units (SKUs) across various product categories. As of the date of the prospectus, Clay Craft India operates two manufacturing facilities in Rajasthan, located in Jaipur and the Manda-2 Industrial Area near Kaladera. Together, these facilities have an installed production capacity of approximately 6,000 metric tonnes per annum. Use of proceeds: This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes: To fund capital expenditure towards setting up an additional manufacturing facility at Manda, Rajasthan — Rs 97 crore General corporate purposes
Should I apply for Clay Craft India IPO?
Clay Craft India listed at ₹211 (+3.9% premium to the ₹203 issue price) after 95.3x subscription. IPOFins Score 7/10: Driven by QIB demand at 119.2x and elevated disclosed risk (7/10), Clay Craft India listed at a premium of 3.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals lean constructive — still confirm valuation against listed peers and read the DRHP before applying beyond one lot.
Who founded Clay Craft India?
Clay Craft India was founded by Mr Vikas Agarwal in 1988.