Clay Craft India IPO
Clay Craft India LtdSME
This IPO has listed.
- Open date
- 17 Jun 2026
- Close date
- 19 Jun 2026
- Min. Investment
- ₹2,43,600
- Lot Size
- -
- Fresh Issue
- ₹110.11 Cr
- Price Range
- -
- Face Value
- -
- IPO Document
- -
Subscription rate
- Qualified Institutional Buyers119.19x
- Non-Institutional Investors114.57x
- Retail-Individual Investors71.76x
- Total95.90x
Schedule
- Completed: IPO open date17 Jun 2026
- Completed: IPO close date19 Jun 2026
- Completed: Allotment date22 Jun 2026
- Completed: Funds unblock or debit23 Jun 2026
- Completed: Tentative listing date24 Jun 2026
About
Promoter shareholding in Clay Craft India Ltd, before and after the issue.
| Promoter | Pre-issue shares | Pre-issue % | Post-issue shares | Post-issue % |
|---|---|---|---|---|
| Rajesh Narain Agarwal | 70,96,320 | 46.85% | 70,96,320 | 34.50% |
| Vikas Agarwal | 25,49,640 | 16.83% | 25,49,640 | 12.39% |
| Bharat Agarwal | 25,46,190 | 16.81% | 25,46,190 | 12.38% |
| Deepak Agarwal | 25,49,040 | 16.83% | 25,49,040 | 12.39% |
| Usha Agarwal | 3,98,790 | 2.63% | 3,98,790 | 1.94% |
| Ruchi Agarwal | 6,000 | 0.04% | 6,000 | 0.03% |
| Crown Craft (India) Private Li | 300 | 0.00% | 300 | 0.00% |
Financials of Clay Craft India IPO
| Key Performance Indicators | Mar 2025 | Mar 2026 |
|---|---|---|
| Operating Revenue | - | - |
| Other Income | - | - |
| Total Income | 151.94 | 179.89 |
| Total Expenses | 125.93 | 148.51 |
| Profit Before Tax | - | - |
| Total Profit | 20.76 | 27.01 |
Clay Craft India IPO Strengths & Risks
- 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
- Track record of healthy financial performance
- Risks Relating to the Business: The company may not be able to maintain, protect, or enhance its brand recognition, which could has a material adverse effect on the company business, financial condition, and results of operations.
- Risks Relating to the Business: The company depends on certain key suppliers to procure a significant portion of its raw materials. The company does not enter into long-term agreements with these suppliers and any denial of supplies or loss of the relationship with them could result in disruption in the company operations, which could has an adverse effect on its business, financial condition, results of operations and cash flows.
- Risks Relating to the Business: If the company fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for its products could decrease, causing the company business, results of operations, financial condition and cash flows to be adversely affected.
- Risks Relating to the Business: The company is dependent on its distribution network, retailers including large format stores and online platform to sell the company products and any disruption in its trade channel could has an adverse effect on the company business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: The company is subject to the risk associated with certain of its premises being leased. Non-renewal or dispute with the lessors may disrupt the company business, and its may be subject to regulatory action, penalties, or penal actions being taken by the authorities.
- Risks Relating to the Business: Fluctuations in raw material prices, especially natural calcium phosphate, or any disruptions in their availability may has an adverse effect on the company business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: Nature of the company finished products may result in higher handling, packaging, and logistics costs and could adversely affect its business and results of operations.
- Risks Relating to the Business: If the company plant faces outage dues to failures of machinery or any slowdown or shutdown in its manufacturing operations or underutilization of the company manufacturing facility could impact its production and ultimately can impact the company financial condition, business operations and cash flows.
- Risks Relating to the Business: The company sales may be negatively impacted by increasing competition from domestic and international firms with products similar to the company.
- Risks Relating to the Business: The restated financial statements has been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- Risks Relating to the Business: The company directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- Risks Relating to the Business: The company business may be subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.
- Risks Relating to the Business: The company operations is subject to various hazards and could expose its to the risk of liabilities, loss of revenue and increased expenses, suspension of operations and/or the imposition of civil or criminal liabilities which could adversely affect business, results of operations, cash flow and financial condition.
- Risks Relating to the Business: The Company, promoters and Directors is party to certain legal proceedings, any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: The company may be subject to costly product recalls and liability risk which could disrupt its operations and the company may lose some of its customers if the company is not able to meet the liability and recall in timely manner.
- Risks Relating to the Business: The company is associated with risk related to product returns and reverse logistics, which could result into higher cost of transportation and multiple return may lead to loss of customer which could affect its business, financial operation and cash flows.
- Risks Relating to the Business: The company business and the trading of its securities on the SME platform may be subject to risks related to limited liquidity and dependence on market makers.
- Risks Relating to the Business: The company depends on a limited number of customers for its revenue from operations, the loss of any of these customers individually or severally could has a material adverse effect on the company business, operations and could has impacted the company financial strength.
- Risks Relating to the Business: Certain of the company corporate records relating to forms filed with the Registrar of Companies in respect of increase in Authorized Capital, Allotment of Equity Shares, appointment of Statutory Auditor, appointment & resignation of directors (if any), filing of financial statements etc. and other certain records is not traceable
- Risks Relating to the Business: The Company may faces risks arising from the absence of a listed peer company on the SME platform or in the same line of business.
- Risks Relating to the Business: There is certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- Risks Relating to the Business: The company operations is highly dependent on information technology systems, including software, hardware, and network infrastructure. Any failures, disruption, or inadequacy in these systems could affect business continuity, operational efficiency, and customer service.
- Risks Relating to the Business: The company objects of the issue include capital expenditure, which may take a period of time for set up and become operational.
- Risks Relating to the Business: Any failures to protect or enforce its rights to own or use trademarks, copyright or design could has an adverse effect on the company business and competitive position.
- Risks Relating to the Business: Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Risks Relating to the Business: Strikes, work stoppages or increased wages demands by the company employees or any other kind of disputes with its employees or any shortage of skilled labour could adversely affect the company business and results of operations.
- Risks Relating to the Business: Under-utilization of the company existing manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could has an adverse effect on the company business, future prospects and future financial performance.
- Risks Relating to the Business: Any inability to grow, sustain or manage the company revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- Risks Relating to the Business: The demand for the company product is dependent on growth in the HORECA sector i.e. the hotel, restaurant, and catering industry, that may contribute to fluctuations in its results of operations and financial condition.
- Risks Relating to the Business: Some of the company Group Company is engaged in the business of manufacturing of ceramic ware and plastic ware. Pursuant to similar business competition may occur with the business of its company and may adversely affect the company business, prospects, results of operations and financial condition.
- Risks Relating to the Business: The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
- Risks Relating to the Business: Any failures by the company to fulfill export obligations under government schemes may adversely affect its business and financial condition.
- Risks Relating to the Business: The Company has not yet placed all orders for building material for civil work, machineries and equipment required by its for the company manufacturing facility. Any delay in placing the orders or supply of plant, building material for civil work and machinery may result in time and cost overruns, and may affect the company profitability.
- Risks Relating to the Business: The company does not has agreements/commitment on part of its customers to purchase or place orders with the company, also its does not has any price agreement with the company customers. If its customers select some other vendors/competitors for their requirement, it may has adverse effect on the company business.
- Risks Relating to the Business: The company has availed unsecured loans from Promoters and members of Promoter Group that is recallable, at any time.
- Risks Relating to the Business: The company has in the past entered into related party transactions and may continue to does so in the future.
- Risks Relating to the Business: Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company business, financial condition, cash flows and results of operations.
- Risks Relating to the Business: Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect the company business, prospects, financial condition and results of operations.
- Risks Relating to the Business: If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company financial risk. Such failures of its internal processes or procedures could harm the company by impairing its ability to attract and retain clients and subject the company to significant legal liability and reputational harm.
- Risks Relating to the Business: A shortage, non-availability or adverse price movement of electricity, power & fuel may adversely affect the company manufacturing operations and has an adverse effect on its business, results of operations and financial condition.
- Risks Relating to the Business: Changes in technology may render the company current technologies obsolete or requires its to undertake substantial capital investments, which could adversely affect the company results of operations.
- Risks Relating to the Business: The company may be unable to manage the integration or fully realize the anticipated benefits of the acquisition of Eklinji India Private Limited and the reorganization of the Group.
- Risks Relating to the Business: One of the company Promoter & Director, Mr. Rajesh Narain Agarwal, was previously associated with certain companies that has been struck off from the register of companies in past.
- Risks Relating to the Business: The company has made investment in equity instruments (quoted), gold bond, mutual fund and in equity shares of sister concerns (Un-quoted), and its has not made any provision for a decline in the value of the company investments.
- Risks Relating to the Business: The company inability to accurately forecast demand or price for its products and manage the company inventory may has an adverse impact on the company business, results of operations and financial conditions.
- Risks Relating to the Business: The company has encountered challenges in meeting the designated timelines for filing statutory returns, which may subject its to penalty under the relevant laws.
- Risks Relating to the Business: The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Risks Relating to the Business: The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.
- Risks Relating to the Business: Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company stakeholders could harm its business and reputation and expose the company to liability.
- Risks Relating to the Business: The company ability to access capital at attractive costs depends on its credit ratings. Non-availability of credit ratings or a poor rating may restrict the company access to capital and thereby adversely affect its business, financial conditions, cash flows and results of operations.
- Risks Relating to the Business: The company Promoters has provided personal guarantees for its borrowings to secure the company loans. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by the company Promoter and members of Promoter Group in connection with its Company's borrowings.
- Risks Relating to the Business: The company business is dependent on the volume of the goods its sell to achieve the optimum level of profits, if the company is not able to achieve the volumes its will end up incurring losses on account of fixed cost.
- Risks Relating to the Business: The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations, financial condition and cash flows.
- Risks Relating to the Business: The company insurance coverage may not be adequate to protect its against certain operating hazards and this may has a material adverse effect on its business and financial conditions.
- Risks Relating to the Business: Depreciation of the Rupee against foreign currencies may has a material adverse effect on the company results of operations and currency exchange rate fluctuations may affect the value of the Equity Shares.
- Risks Relating to the Business: The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- Risks Relating to the Business: The company Contingent Liability and Commitments could affect its financial position.
- Risks Relating to the Business: In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in its Company.
- Risks Relating to the Business: Any penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- Risks Relating to the Business: The company success depends largely upon the services of its Directors, Promoters, Key Managerial Personnel and Senior Management and the company ability to attract and retain them and hire new talent. Demand for Key Managerial Personnel and Senior Management in the industry is intense and its inability to attract and retain key managerial, may affect the business and operations of the Company.
- Risks Relating to the Business: The average cost of acquisition of Equity Shares by the company Promoter, are lower than the faces value of Equity Share.
- Risks Relating to the Business: The company Promoters and Promoter Group will continue to retain majority shareholding in its Company after this Issue which will allow them to exercise significant influence over the company.
- Risks Relating to the Business: Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- Risks Relating to the Business: The Issue Price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Risks Relating to the Business: Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company financial condition, result of operations and cash flows.
- Risks Relating to the Business: The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- Risks Relating to the Business: The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- Risks Relating to the Business: The Objects of the Issue for which funds is being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company profitability adversely.
- Risks Relating to the Business: The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
- Risks Relating to the Business: Certain sections of this Red Herring Prospectus disclose information from the Ceramics Tableware Report which is a paid report and commissioned and paid for by the company exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
