Clay Craft India IPO 2026: Price band, dates

Overview: Clay Craft India opens SME IPO on June 17

Jaipur-based ceramic tableware manufacturer Clay Craft India Limited has opened its initial public offering on June 17, 2026, with the issue scheduled to close on June 19. The company is tapping the NSE SME platform, NSE Emerge, to raise capital through a public issue. The offer is priced in a band of Rs 193 to Rs 203 per equity share. The fundraise size mentioned for the issue is Rs 110.11 crore. The IPO is a fresh issue, and no offer-for-sale component is indicated in the provided details. The listing is expected on the NSE SME platform, subject to completion of the IPO process.

Key dates: issue open, close, allotment and listing

The subscription window is open for three business days, starting Wednesday, June 17, 2026 and ending Friday, June 19, 2026. The basis of allotment is expected to be finalised on June 22, 2026. The credit of shares to demat accounts and the initiation of refunds are slated for June 23, 2026, as per the schedule provided. The listing date is mentioned as June 24, 2026 on the NSE SME platform. A “mandate end date” of July 3, 2026 is also listed in the timeline. The schedule is described as tentative, which is standard for SME IPO calendars.

Price band and implied valuation at the upper end

Clay Craft India has fixed a price band of Rs 193 to Rs 203 per share. At the upper end of Rs 203, the company is valued at around Rs 417.6 crore, as stated in the provided information. This valuation is based on the upper price band and reflects the implied market capitalisation at IPO pricing. Investors typically use this figure to compare the offering with peers and assess pricing comfort. The issue is being done through the book-building route. The equity shares have a face value of Rs 10 per share, as mentioned in one of the details provided.

Issue size and fresh issue structure

The IPO is expected to raise Rs 110.11 crore. The offer is described as a completely fresh issue of 54.24 lakh equity shares. Another line in the provided text also references “5424000 equity shares” for the fresh issue component, consistent with 54.24 lakh shares. Since it is a fresh issue, proceeds typically go to the company, unlike an offer for sale where selling shareholders receive funds. The issue is on the NSE SME platform, which generally caters to smaller companies and comes with different liquidity and participation characteristics compared with mainboard IPOs.

Lot size and how much retail investors need to apply

The lot size for the IPO is 600 shares per lot. Retail investors are required to apply for a minimum of two lots, which equals 1,200 shares, according to the provided subscription details. At the upper price band of Rs 203, the minimum retail application amount is stated as about Rs 2.44 lakh, and another reference pegs it at Rs 2,43,600 based on the same price point. For investors applying in the retail category, bids must be in multiples of 600 shares beyond the minimum. These higher ticket sizes are common in SME IPOs due to larger lot sizes.

HNI minimum bid size mentioned for the issue

For high-net-worth investors (HNI), the minimum bid size is cited as three lots or 1,800 shares. At the upper end of the price band, this translates to an investment of about Rs 3.65 lakh, based on the figures provided. This minimum is relevant for non-institutional investors who plan to apply in the HNI category. Since the IPO is on the SME platform, investors should also consider liquidity conditions that can differ from larger mainboard listings. The minimum bid thresholds highlighted in the issue details provide a clear view of upfront capital required.

Grey market premium and estimated listing price references

Market observers have indicated a grey market premium (GMP) of around 20% for the issue. Separately, an estimated listing price of about Rs 243 is mentioned, described as around 19% higher than the IPO price. GMP is an unofficial indicator and is not a regulated or guaranteed measure of listing performance. The provided details also note that GMP can change sharply before listing. Investors often track such indicators for sentiment, but they are not a substitute for disclosures and pricing fundamentals. The official listing outcome will depend on demand, broader market conditions, and final allotment dynamics.

Book running lead manager and registrar

Hem Securities is named as the book-running lead manager for the IPO. Kfin Technologies is acting as the registrar to the issue. These intermediaries handle key processes such as bidding coordination, allotment execution, and investor services. For investors, registrar and lead manager details are useful for tracking post-issue updates like allotment status and credit of shares. The timeline in the provided information includes allotment finalisation on June 22 and demat credit on June 23. Those dates help applicants plan for the listing on June 24.

Snapshot table: dates, pricing, size and application rules

What investors typically watch next in the timeline

With the subscription period closing on June 19, the next key milestone is the finalisation of allotment expected on June 22. The schedule then points to demat credit and refunds on June 23, followed by listing on June 24. For applicants, these dates are central to tracking whether shares are allotted and when trading begins. The SME listing venue, NSE Emerge, is explicitly referenced in the issue details. The schedule is marked tentative, so investors generally rely on exchange and registrar updates for confirmation.

Conclusion

Clay Craft India’s SME IPO is open from June 17 to June 19, 2026, with a price band of Rs 193 to Rs 203 and a stated fundraise target of Rs 110.11 crore through a fresh issue of 54.24 lakh shares. The allotment is expected on June 22 and listing is expected on June 24 on the NSE SME platform. The issue comes with a 600-share lot size and a minimum retail application of 1,200 shares. Lead manager and registrar details have been disclosed as Hem Securities and Kfin Technologies, respectively. The next confirmed steps for applicants are the allotment, demat credit, and listing dates as per the provided schedule.