Upcoming IPOs: Clay Craft India, Advit Jewels, Liotech Industries and Diksha Polymers Set to Open for Subscription

Mumbai, June 12: India’s primary market is gearing up for another active phase, with several companies from diverse sectors preparing to launch their public offerings. From ceramic tableware and handcrafted jewellery to industrial hardware and PET packaging, the upcoming IPO calendar reflects the broad range of businesses looking to raise capital through the stock market. 

While each company operates in a different segment, the underlying objective remains similar raising funds to support expansion plans, strengthen working capital and improve financial flexibility. Investors will be closely tracking these offerings as subscription windows open over the coming weeks.

Also Read: Beginner’s Guide to Investing in IPOs

Clay Craft India IPO 

Clay Craft India Ltd., one of the established names in India’s ceramic and tableware industry, is set to launch its public issue as it looks to expand manufacturing capacity and strengthen its market position. 

Key IPO Details 

• IPO Type: Book Building Issue 

• IPO Size: Approximately ₹110.11 crore 

• IPO Opens: June 17, 2026 

• IPO Closes: June 19, 2026 

• Tentative Listing Date: June 24, 2026 

• Listing Exchange: NSE SME 

• Face Value: ₹10 per share 

• Price Band: ₹193–₹203 per share 

• Lot Size: 600 shares 

• Market Capitalisation (Pre-IPO): ₹417.58 crore 

Issue Structure 

• Total Issue Size: 54.24 lakh shares 

• Fresh Issue: 51.52 lakh shares 

• Market Maker Portion: 2.72 lakh shares 

• Net Offer to Public: 51.52 lakh shares 

Reservation Breakdown 

• QIB Portion: 49.97% 

• NII Portion: 15.02% 

• Retail Portion: 35.01% 

Utilisation of IPO Proceeds 

The company plans to utilise the majority of the proceeds towards: 

• Setting up an additional manufacturing facility in Manda, Rajasthan 

• General corporate purposes 

About the Company 

Founded in 1994, Clay Craft India manufactures bone china crockery and ceramic tableware products catering to households, hotels, restaurants and institutional customers. The company also provides customised ceramic solutions and serves the growing HoReCa (Hotel, Restaurant and Catering) segment. 

Financial Snapshot 

For FY26, Clay Craft India reported: 

• Revenue: ₹184.57 crore 

• Profit After Tax: ₹27.01 crore 

• EBITDA: ₹41.96 crore 

• Net Worth: ₹166.06 crore 

• Total Assets: ₹251.95 crore 

Advit Jewels IPO 

Jaipur-based Advit Jewels is preparing to enter the public markets with a fresh issue aimed at supporting working capital requirements and reducing debt. 

Key IPO Details 

• IPO Type: Book Building Issue 

• IPO Opens: June 23, 2026 

• IPO Closes: June 25, 2026 

• Tentative Listing Date: July 1, 2026 

• Listing Exchange: BSE and NSE 

• Face Value: ₹10 per share 

• Price Band: Yet to be announced 

• Total Fresh Issue: 1.20 crore shares 

Issue Structure 

• Total Issue Size: 1,19,68,000 shares 

• Fresh Issue: 1,19,68,000 shares 

• Offer for Sale: Nil 

Reservation Breakdown 

• QIB Portion: 49.98% 

• NII Portion: 15.01% 

• Retail Portion: 35.01% 

• Anchor Investors: 35.89 lakh shares 

Utilisation of IPO Proceeds 

The company intends to use the proceeds for: 

• Incremental working capital requirements 

• Repayment or prepayment of certain borrowings 

• General corporate purposes 

About the Company 

Incorporated in 2019, Advit Jewels manufactures handcrafted jewellery under the “Rambhajo” brand. The company specialises in Kundan, Polki, diamond-studded and gold jewellery, serving both wholesale and retail customers. Its portfolio includes necklaces, rings, bangles, earrings and customised jewellery pieces. 

Financial Snapshot 

For the period ended December 31, 2025: 

• Revenue: ₹123.80 crore 

• Profit After Tax: ₹25.44 crore 

• EBITDA: ₹36.68 crore 

• Net Worth: ₹83.65 crore 

• Total Assets: ₹164.20 crore 

Liotech Industries IPO 

Liotech Industries is seeking to raise capital through a fixed-price SME offering to support capacity expansion and working capital requirements. 

Key IPO Details 

• IPO Type: Fixed Price IPO 

• IPO Size: ₹36.02 crore 

• IPO Opens: June 17, 2026 

• IPO Closes: June 19, 2026 

• Tentative Listing Date: June 24, 2026 

• Listing Exchange: BSE SME 

• Issue Price: ₹321 per share 

• Face Value: ₹10 per share 

• Lot Size: 400 shares 

• Market Capitalisation (Pre-IPO): ₹125.19 crore 

Issue Structure 

• Total Issue Size: 11.22 lakh shares 

• Fresh Issue: 8.42 lakh shares 

• Offer for Sale: 2.22 lakh shares 

• Market Maker Portion: 58,000 shares 

Reservation Breakdown 

• Retail Investors: 50% 

• NII Investors: 50% 

Utilisation of IPO Proceeds 

The company plans to deploy funds towards: 

• Capital expenditure for machinery acquisition 

• Repayment of borrowings 

• Working capital requirements 

• General corporate purposes 

About the Company 

Liotech Industries manufactures hardware structures and accessories including hinges, locks, handles, tower bolts and related products. The company caters to industries such as housing, infrastructure, automotive, agriculture, cement, mining and engineering. 

Financial Snapshot 

For the period ended December 31, 2025: 

• Revenue: ₹51.79 crore 

• Profit After Tax: ₹5.49 crore 

• EBITDA: ₹8.39 crore 

• Net Worth: ₹15.93 crore 

• Total Assets: ₹30.50 crore 

Diksha Polymers IPO 

Diksha Polymers is entering the SME market with a fresh issue aimed primarily at reducing debt and strengthening its financial position. 

Key IPO Details 

• IPO Type: Fixed Price IPO 

• IPO Size: ₹17.90 crore 

• IPO Opens: June 17, 2026 

• IPO Closes: June 19, 2026 

• Tentative Listing Date: June 24, 2026 

• Listing Exchange: BSE SME 

• Issue Price: ₹112 per share 

• Face Value: ₹10 per share 

• Lot Size: 1,200 shares 

• Market Capitalisation (Pre-IPO): ₹58.20 crore 

Issue Structure 

• Total Issue Size: 15.98 lakh shares 

• Fresh Issue: 15.17 lakh shares 

• Market Maker Portion: 81,600 shares 

• Net Offer to Public: 15.17 lakh shares 

Reservation Breakdown 

• Retail Investors: 50% 

• NII Investors: 50% 

Utilisation of IPO Proceeds 

The company intends to utilise the funds for: 

• Repayment or prepayment of borrowings 

• General corporate purposes 

About the Company 

Diksha Polymers manufactures PET bottles, PET preforms and caps used across beverages, lubricants, pharmaceuticals and consumer goods industries. The company operates three manufacturing facilities and serves a diversified customer base across multiple sectors. 

Financial Snapshot 

For FY26: 

• Revenue: ₹51.27 crore 

• Profit After Tax: ₹4.12 crore 

• EBITDA: ₹7.32 crore 

• Net Worth: ₹8.52 crore 

• Total Assets: ₹28.20 crore 

What Investors Should Watch 

The upcoming IPO pipeline highlights a clear trend among growth-stage companies: raising capital to expand production capabilities, improve working capital efficiency and reduce leverage. While Clay Craft India is focusing on manufacturing expansion, Advit Jewels aims to strengthen liquidity and lower debt. Liotech Industries is investing in capacity enhancement, while Diksha Polymers plans to improve its balance sheet through debt reduction. 

With businesses spanning consumer products, industrial manufacturing, packaging and jewellery, the upcoming offerings provide investors exposure to multiple segments of India’s economy. Subscription levels, valuation comfort and growth visibility will likely remain the key factors influencing investor participation once these issues open for bidding.