Clay Craft India Files SME IPO for NSE Emerge SME: Check Key Details

Jaipur, September 3, 2025 – Clay Craft India Limited has filed draft papers for its SME initial public offering, planning a fresh issue of up to 54.24 lakh equity shares of face value ₹10 each. The company will list its shares on NSE Emerge.

Issue Snapshot

Clay Craft India IPO comprises a fresh issue of up to 54,24,000 equity shares, with no offer for sale (OFS) component. The shares are proposed to be listed on the NSE Emerge SME platform. Under the book-building process, up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs), while Non-Institutional Investors (NIIs) will get at least 15% and retail investors at least 35%. Hem Securities Limited is acting as the lead manager to the issue, and KFin Technologies Limited has been appointed as the registrar.

Use of Proceeds

• ₹100 crore earmarked for setting up a new manufacturing facility at Manda, Rajasthan.
• Remaining funds to go toward general corporate purposes.

Expansion Plans

The company intends to increase its production capacity by adding around 4,000 MT through civil works, pre-engineered building structures, and advanced imported machinery. The Manda facility is scheduled for completion between December 2025 and December 2026.

Financial Highlights

The company reported stable growth in revenues over the last three fiscal years, with revenue from operations rising from ₹14,532.55 lakh in FY23 to ₹15,194.22 lakh in FY25. Profitability showed fluctuations, with profit after tax (PAT) dipping to ₹1,350.20 lakh in FY24 before rebounding strongly to ₹2,166.41 lakh in FY25.

Earnings per share (EPS) followed a similar trend, moving from ₹13.47 in FY23 to ₹9.20 in FY24, and then improving to ₹14.30 in FY25. The company’s net worth strengthened consistently, increasing from ₹10,352.92 lakh in FY23 to ₹13,995.95 lakh in FY25. Borrowings were reduced from ₹6,594.19 lakh in FY23 to ₹4,679.54 lakh in FY24, before edging slightly higher to ₹4,774.55 lakh in FY25, reflecting a more balanced capital structure.

Shareholding Pattern

Before the IPO, the company had 1,51,46,280 paid-up equity shares, all held by the promoters, giving them a 100% stake. Post-issue, the equity base will expand to up to 2,05,70,280 shares, reducing the promoters’ shareholding to around 73.63%, while the remaining will be held by public investors.

Clay Craft India, headquartered in Jaipur, manufactures and markets ceramic tableware, including dinnerware, tea and coffee sets, mugs, tumblers, platters, and bowls. The company sells under its in-house brands Clay Craft and JCPL. The promoters are Rajesh Narain Agarwal, Vikas Agarwal, Bharat Agarwal, and Deepak Agarwal.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_02092025203534_1_IPO_SM_DRHP_Soft_Copy.pdf

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