Ahmedabad Times

Clay Craft India is about to make its inventory market debut on Wednesday with the gray market signalling a optimistic itemizing. The corporate’s shares have been quoting at a gray market premium (GMP) of round 13%, indicating a possible itemizing achieve of about Rs 26 over the problem value of Rs 203 per share, although GMP is an unofficial indicator and will not replicate the precise itemizing efficiency.

The Rs 110.11-crore NSE SME IPO was subscribed 103.06 occasions throughout the three-day bidding interval, led by sturdy demand from non-institutional buyers and certified institutional consumers.

The NII portion was subscribed 153.95 occasions, whereas the QIB class was booked 119.19 occasions. The retail buyers’ quota attracted 71.76 occasions subscription. Total, the problem acquired bids for 37.18 crore shares in opposition to 36.08 lakh shares on provide.

The IPO was solely a contemporary challenge of 54.24 lakh fairness shares, with proceeds earmarked primarily for organising an extra manufacturing facility at Manda, Rajasthan, moreover common company functions. Hem Securities was the book-running lead supervisor, whereas KFin Applied sciences acted because the registrar.

In regards to the firm

Based in 1994, Clay Craft India manufactures bone china crockery and ceramic tableware used throughout households, motels, eating places and company gifting. Its portfolio contains dinnerware, mugs, platters, tea and low units, and customised ceramic merchandise for institutional clients.
The corporate additionally caters to the HoReCa (resort, restaurant and catering) section and provides almost 5,770 SKUs throughout a number of product classes. It has an in depth distribution community and employs greater than 1,390 individuals.

Monetary efficiency

Clay Craft reported wholesome monetary development in FY26. Whole earnings rose 20% year-on-year to Rs 184.57 crore, whereas revenue after tax elevated 30% to Rs 27.01 crore. EBITDA stood at Rs 41.96 crore, in contrast with Rs 35.39 crore within the earlier 12 months, whereas the corporate’s internet price improved to Rs 166.06 crore.

Regardless of the sturdy subscription and optimistic gray market premium, buyers will intently watch the inventory’s itemizing efficiency amid broader sentiment within the SME section, the place post-listing returns have remained combined in current months.
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