Clay Craft Ltd, a manufacturer of bone china crockery and ceramic tableware, is closing its initial public offering (IPO) today after three days of subscription. The company aims to raise ₹110.11 crore through a fresh issue of 54.24 lakh equity shares. The IPO price band was set between ₹193 and ₹203 per share, with a minimum application lot size of 600 shares, according to livemint.com.
The IPO opened on June 17 and has attracted strong investor demand throughout the subscription period. The issue is entirely a fresh equity offering, with no shares being sold by existing shareholders. The company’s decision to price the shares within the ₹193-₹203 band was aimed at balancing investor interest and capital raising goals. The final subscription status and grey market premium will be closely watched as the issue closes today, per livemint.com.
This IPO adds to the growing list of SME public offerings in India’s capital markets, reflecting investor appetite for niche manufacturing companies. Clay Craft’s focus on bone china and ceramic tableware positions it in a specialized segment with potential for growth. The ₹110 crore target places it among mid-sized SME IPOs, which have seen varied success depending on pricing and market conditions. The company’s fresh equity raise will support expansion plans and strengthen its balance sheet, as noted by livemint.com.
The final allotment and listing date will be announced following the close of the subscription period. Investors who applied will receive allotment details as per regulatory timelines, with the company expected to debut on stock exchanges shortly after. The IPO’s closure today marks a key milestone for Clay Craft’s public market debut, according to livemint.com.