Clay Craft India IPO with 23% GMP closes today, subscribed 8 times on the second day, know complete details

Business Desk – The IPO of Clay Craft India Limited, a bone china crockery and ceramic tableware manufacturing company, is closing for subscription today i.e. on 19 June 2026. Due to strong premium in the gray market and good response from investors, the market is keeping an eye on the issue even on the last day.

Issue subscribed 8.41 times on second day

The IPO received 2.42 times bids on the first day of subscription. Investor interest increased on the second day and the total subscription reached 8.41 times. The maximum enthusiasm was seen in the NII (Non-Institutional Investors) category, which was subscribed 13.13 times. The share of retail investors was booked 8.20 times and that of QIB category 5.18 times.

Rs 110.11 crore will be raised from IPO

The company wants to raise Rs 110.11 crore through this issue. This is a completely fresh issue, in which 54.24 lakh equity shares have been issued. The price band of IPO has been fixed at Rs 193 to Rs 203 per share. The valuation of the company at the upper price band is around Rs 417.6 crore.

How much will retail investors have to invest?

Retail investors will have to apply for a minimum of 2 lots i.e. 1,200 shares. For this, an investment of about Rs 2.44 lakh is required. Whereas for high net worth investors (HNI), they will have to bid for at least 3 lots i.e. 1,800 shares, for which around Rs 3.65 lakh will have to be invested.

Expected date of allotment and listing

The last date for investment in IPO is 19 June 2026. The allotment of shares is expected to be finalized on June 22, 2026, while its possible listing on the NSE SME platform may take place on June 24, 2026.

23% GMP increased discussion

In the gray market, the GMP of Clay Craft India IPO is running around 23.6%, which is considered to be a sign of strong investor demand. However, GMP is an informal indicator and has no official guarantee. On the day of opening of the issue, its GMP was Rs 33, which increased to Rs 48.

Company is in business since 1994

Established in 1994, Clay Craft India manufactures bone china crockery and ceramic tableware products. The company’s portfolio includes a number of products including dinnerware, mugs, platters, tea and coffee sets, which are supplied to domestic consumers as well as the hotel and hospitality sector. As of March 2026, the company had around 5,770 SKUs and more than 1,390 employees, reflecting its strong operational network.

Company’s profit increased by 30%

The total income of the company in the financial year 2026 was Rs 184.57 crore, which is more than Rs 154.44 crore in the financial year 2025. During the same period, the company’s net profit increased by about 30% to Rs 27.01 crore, which has strengthened the confidence of investors.

Where will the money raised from IPO be used?

Of the amount raised from the IPO, about Rs 97 crore will be spent on the expansion of a new manufacturing plant in Rajasthan. The remaining amount will be used for general corporate needs and other business purposes of the company.