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Clay Craft India Ltd IPO
Status: Closed
Overview
IPO date
17 Jun 2026 to 19 Jun 2026
Face value
₹ 10 per share
Price
₹ 193 to ₹203 per share
Issue Size
5,424,000 shares
(aggregating up to ₹ 110.11 Cr)
(aggregating up to ₹ 110.11 Cr)
Allotment Date
22 Jun 2026
Listing at
NSE
Issue type
Book Building - SME
Sector
Ceramic Products
Unlock Stock of the Month
T&C*
Strengths vs Risks of Clay Craft India Ltd
Know the pros & cons
Strengths
- Integrated and Scalable Manufacturing Capabilities.
- Experienced Promoter and Management team.
- In house design development with focus towards quality and innovation.
- Diversified product portfolio
- Extensive Distribution Network and Multi-channel Presence
- Track record of healthy financial performance
Risks
- The company may not be able to maintain, protect, or enhance its brand recognition, which could has a material adverse effect on the company business, financial condition, and results of operations.
- The company depends on certain key suppliers to procure a significant portion of its raw materials. The company does not enter into long-term agreements with these suppliers and any denial of supplies or loss of the relationship with them could result in disruption in the company operations, which could has an adverse effect on its business, financial condition, results of operations and cash flows.
- If the company fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for its products could decrease, causing the company business, results of operations, financial condition and cash flows to be adversely affected.
- The company is dependent on its distribution network, retailers including large format stores and online platform to sell the company products and any disruption in its trade channel could has an adverse effect on the company business, financial condition, cash flows and results of operations.
- The company is subject to the risk associated with certain of its premises being leased. Non-renewal or dispute with the lessors may disrupt the company business, and its may be subject to regulatory action, penalties, or penal actions being taken by the authorities.
- Fluctuations in raw material prices, especially natural calcium phosphate, or any disruptions in their availability may has an adverse effect on the company business, results of operations, financial condition and cash flows.
- Nature of the company finished products may result in higher handling, packaging, and logistics costs and could adversely affect its business and results of operations.
- If the company plant faces outage dues to failures of machinery or any slowdown or shutdown in its manufacturing operations or underutilization of the company manufacturing facility could impact its production and ultimately can impact the company financial condition, business operations and cash flows.
- The company sales may be negatively impacted by increasing competition from domestic and international firms with products similar to the company.
- The restated financial statements has been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- The company business may be subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.
- The company operations is subject to various hazards and could expose its to the risk of liabilities, loss of revenue and increased expenses, suspension of operations and/or the imposition of civil or criminal liabilities which could adversely affect business, results of operations, cash flow and financial condition.
- The Company, promoters and Directors is party to certain legal proceedings, any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- The company may be subject to costly product recalls and liability risk which could disrupt its operations and the company may lose some of its customers if the company is not able to meet the liability and recall in timely manner.
- The company is associated with risk related to product returns and reverse logistics, which could result into higher cost of transportation and multiple return may lead to loss of customer which could affect its business, financial operation and cash flows.
- The company business and the trading of its securities on the SME platform may be subject to risks related to limited liquidity and dependence on market makers.
- The company depends on a limited number of customers for its revenue from operations, the loss of any of these customers individually or severally could has a material adverse effect on the company business, operations and could has impacted the company financial strength.
- Certain of the company corporate records relating to forms filed with the Registrar of Companies in respect of increase in Authorized Capital, Allotment of Equity Shares, appointment of Statutory Auditor, appointment & resignation of directors (if any), filing of financial statements etc. and other certain records is not traceable
- The Company may faces risks arising from the absence of a listed peer company on the SME platform or in the same line of business.
- There is certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- The company operations is highly dependent on information technology systems, including software, hardware, and network infrastructure. Any failures, disruption, or inadequacy in these systems could affect business continuity, operational efficiency, and customer service.
- The company objects of the issue include capital expenditure, which may take a period of time for set up and become operational.
- Any failures to protect or enforce its rights to own or use trademarks, copyright or design could has an adverse effect on the company business and competitive position.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Strikes, work stoppages or increased wages demands by the company employees or any other kind of disputes with its employees or any shortage of skilled labour could adversely affect the company business and results of operations.
- Under-utilization of the company existing manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could has an adverse effect on the company business, future prospects and future financial performance.
- Any inability to grow, sustain or manage the company revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- The demand for the company product is dependent on growth in the HORECA sector i.e. the hotel, restaurant, and catering industry, that may contribute to fluctuations in its results of operations and financial condition.
- Some of the company Group Company is engaged in the business of manufacturing of ceramic ware and plastic ware. Pursuant to similar business competition may occur with the business of its company and may adversely affect the company business, prospects, results of operations and financial condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
- Any failures by the company to fulfill export obligations under government schemes may adversely affect its business and financial condition.
- The Company has not yet placed all orders for building material for civil work, machineries and equipment required by its for the company manufacturing facility. Any delay in placing the orders or supply of plant, building material for civil work and machinery may result in time and cost overruns, and may affect the company profitability.
- The company does not has agreements/commitment on part of its customers to purchase or place orders with the company, also its does not has any price agreement with the company customers. If its customers select some other vendors/competitors for their requirement, it may has adverse effect on the company business.
- The company has availed unsecured loans from Promoters and members of Promoter Group that is recallable, at any time.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company business, financial condition, cash flows and results of operations.
- Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect the company business, prospects, financial condition and results of operations.
- If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company financial risk. Such failures of its internal processes or procedures could harm the company by impairing its ability to attract and retain clients and subject the company to significant legal liability and reputational harm.
- A shortage, non-availability or adverse price movement of electricity, power & fuel may adversely affect the company manufacturing operations and has an adverse effect on its business, results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or requires its to undertake substantial capital investments, which could adversely affect the company results of operations.
- The company may be unable to manage the integration or fully realize the anticipated benefits of the acquisition of Eklinji India Private Limited and the reorganization of the Group.
- One of the company Promoter & Director, Mr. Rajesh Narain Agarwal, was previously associated with certain companies that has been struck off from the register of companies in past.
- The company has made investment in equity instruments (quoted), gold bond, mutual fund and in equity shares of sister concerns (Un-quoted), and its has not made any provision for a decline in the value of the company investments.
- The company inability to accurately forecast demand or price for its products and manage the company inventory may has an adverse impact on the company business, results of operations and financial conditions.
- The company has encountered challenges in meeting the designated timelines for filing statutory returns, which may subject its to penalty under the relevant laws.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company stakeholders could harm its business and reputation and expose the company to liability.
- The company ability to access capital at attractive costs depends on its credit ratings. Non-availability of credit ratings or a poor rating may restrict the company access to capital and thereby adversely affect its business, financial conditions, cash flows and results of operations.
- The company Promoters has provided personal guarantees for its borrowings to secure the company loans. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by the company Promoter and members of Promoter Group in connection with its Company's borrowings.
- The company business is dependent on the volume of the goods its sell to achieve the optimum level of profits, if the company is not able to achieve the volumes its will end up incurring losses on account of fixed cost.
- The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations, financial condition and cash flows.
- The company insurance coverage may not be adequate to protect its against certain operating hazards and this may has a material adverse effect on its business and financial conditions.
- Depreciation of the Rupee against foreign currencies may has a material adverse effect on the company results of operations and currency exchange rate fluctuations may affect the value of the Equity Shares.
- The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- The company Contingent Liability and Commitments could affect its financial position.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in its Company.
- Any penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The company success depends largely upon the services of its Directors, Promoters, Key Managerial Personnel and Senior Management and the company ability to attract and retain them and hire new talent. Demand for Key Managerial Personnel and Senior Management in the industry is intense and its inability to attract and retain key managerial, may affect the business and operations of the Company.
- The average cost of acquisition of Equity Shares by the company Promoter, are lower than the faces value of Equity Share.
- The company Promoters and Promoter Group will continue to retain majority shareholding in its Company after this Issue which will allow them to exercise significant influence over the company.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- The Issue Price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds is being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company profitability adversely.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
- Certain sections of this Red Herring Prospectus disclose information from the Ceramics Tableware Report which is a paid report and commissioned and paid for by the company exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
Clay Craft India Ltd Peer Comparison
Understand the company’s industry standing
Clay Craft India Ltd
Face Value
10
Standalone / Consolidated
Consolidated
Total Income Rs. Cr.
179.89
EPS-Basis
17.84
EPS-Diluted
17.84
NAV Per Share
---
P/E-Basic EPS
---
P/E-Diluted EPS
---
RONW(%)
16.27
Latest NAV Period
---
Latest NAV
---
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Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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Enter details- PAN, Application number or DP client ID
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The IPO opens on 17 Jun 2026 & closes on 19 Jun 2026.
Clay Craft India Limited was originally formed as a private Limited Company as 'Clay Craft India Private Limited' dated October 31, 1988 issued by the Registrar of Companies, Rajasthan. Subsequently Company converted the status into a Public Limited company and the name of Company was changed to 'Clay Craft India Limited' vide a fresh Certificate of Incorporation dated July 15, 2025 issued by the Registrar of Companies, Central Processing Centre, Manesar.
The Company began production at second manufacturing unit at Manda in 2022. Company is a manufacturer and distributor of ceramic tableware products in India, engaged in the design, development, production and sale of a wide range of ceramic tableware including dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and tabletop accessories. It market products under in-house brands, Clay Craft and JCPL, for whom Company undertake design, development, and manufacturing activities.
Apart from these, Company offer customized ceramic solutions for corporate and institutional clients based on specific requirements and have developed a product range for the HoReCa (Hotel, Restaurant, and Catering) segment to meet the operational needs of the industry. It primarily operate on a business-to-business (B2B) model, supplying the majority products through distribution network, large format retail chains and using different retail channels. It also market products through Griha, a retail store operated by the promoter group.
The Company has merged with Eklingji Industries Private Limited, through Scheme of Arrangement in FY 2025. Pursuant to the scheme, 1,65,010 fully paid-up equity shares of face value Rs 100 each were issued and allotted to the eligible shareholders of Ekling Ji Industries Private Limited.
Company started a new manufacturing plant at Manda, Rajasthan in FY26.
Company launched the IPO by issuing 54,24,000 Equity shares of Rs 10 each and raised Rs 110.10 crores through fresh issue on 19 June, 2026.
Clay Craft India Ltd IPO will close on 19 Jun 2026.
- Integrated and Scalable Manufacturing Capabilities.
- Experienced Promoter and Management team.
- In house design development with focus towards quality and innovation.
- Diversified product portfolio
- Extensive Distribution Network and Multi-channel Presence
- Track record of healthy financial performance
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Rajesh Narain Agarwal | 7096320 | 46.85 | 7096320 | 34.5 |
| 2 | Vikas Agarwal | 2549640 | 16.83 | 2549640 | 12.39 |
| 3 | Bharat Agarwal | 2546190 | 16.81 | 2546190 | 12.38 |
| 4 | Deepak Agarwal | 2549040 | 16.83 | 2549040 | 12.39 |
| 5 | Usha Agarwal | 398790 | 2.63 | 398790 | 1.94 |
| 6 | Ruchi Agarwal | 6000 | 0.04 | 6000 | 0.03 |
| 7 | Crown Craft (India) Private Li | 300 | --- | 300 | --- |
- The company may not be able to maintain, protect, or enhance its brand recognition, which could has a material adverse effect on the company business, financial condition, and results of operations.
- The company depends on certain key suppliers to procure a significant portion of its raw materials. The company does not enter into long-term agreements with these suppliers and any denial of supplies or loss of the relationship with them could result in disruption in the company operations, which could has an adverse effect on its business, financial condition, results of operations and cash flows.
- If the company fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for its products could decrease, causing the company business, results of operations, financial condition and cash flows to be adversely affected.
- The company is dependent on its distribution network, retailers including large format stores and online platform to sell the company products and any disruption in its trade channel could has an adverse effect on the company business, financial condition, cash flows and results of operations.
- The company is subject to the risk associated with certain of its premises being leased. Non-renewal or dispute with the lessors may disrupt the company business, and its may be subject to regulatory action, penalties, or penal actions being taken by the authorities.
- Fluctuations in raw material prices, especially natural calcium phosphate, or any disruptions in their availability may has an adverse effect on the company business, results of operations, financial condition and cash flows.
- Nature of the company finished products may result in higher handling, packaging, and logistics costs and could adversely affect its business and results of operations.
- If the company plant faces outage dues to failures of machinery or any slowdown or shutdown in its manufacturing operations or underutilization of the company manufacturing facility could impact its production and ultimately can impact the company financial condition, business operations and cash flows.
- The company sales may be negatively impacted by increasing competition from domestic and international firms with products similar to the company.
- The restated financial statements has been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
- The company directors has no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain its existing resources.
- The company business may be subject to seasonality, which may contribute to fluctuations in its results of operations and financial condition.
- The company operations is subject to various hazards and could expose its to the risk of liabilities, loss of revenue and increased expenses, suspension of operations and/or the imposition of civil or criminal liabilities which could adversely affect business, results of operations, cash flow and financial condition.
- The Company, promoters and Directors is party to certain legal proceedings, any adverse decision in such proceedings may has a material adverse effect on its business, results of operations and financial condition.
- The company may be subject to costly product recalls and liability risk which could disrupt its operations and the company may lose some of its customers if the company is not able to meet the liability and recall in timely manner.
- The company is associated with risk related to product returns and reverse logistics, which could result into higher cost of transportation and multiple return may lead to loss of customer which could affect its business, financial operation and cash flows.
- The company business and the trading of its securities on the SME platform may be subject to risks related to limited liquidity and dependence on market makers.
- The company depends on a limited number of customers for its revenue from operations, the loss of any of these customers individually or severally could has a material adverse effect on the company business, operations and could has impacted the company financial strength.
- Certain of the company corporate records relating to forms filed with the Registrar of Companies in respect of increase in Authorized Capital, Allotment of Equity Shares, appointment of Statutory Auditor, appointment & resignation of directors (if any), filing of financial statements etc. and other certain records is not traceable
- The Company may faces risks arising from the absence of a listed peer company on the SME platform or in the same line of business.
- There is certain discrepancies/errors noticed in some of the company corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.
- The company operations is highly dependent on information technology systems, including software, hardware, and network infrastructure. Any failures, disruption, or inadequacy in these systems could affect business continuity, operational efficiency, and customer service.
- The company objects of the issue include capital expenditure, which may take a period of time for set up and become operational.
- Any failures to protect or enforce its rights to own or use trademarks, copyright or design could has an adverse effect on the company business and competitive position.
- Any variation in the utilisation of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.
- Strikes, work stoppages or increased wages demands by the company employees or any other kind of disputes with its employees or any shortage of skilled labour could adversely affect the company business and results of operations.
- Under-utilization of the company existing manufacturing capacities and an inability to effectively utilize its expanded manufacturing capacities could has an adverse effect on the company business, future prospects and future financial performance.
- Any inability to grow, sustain or manage the company revenue from operations, profitability or operations may adversely affect its business, results of operations and financial condition.
- The demand for the company product is dependent on growth in the HORECA sector i.e. the hotel, restaurant, and catering industry, that may contribute to fluctuations in its results of operations and financial condition.
- Some of the company Group Company is engaged in the business of manufacturing of ceramic ware and plastic ware. Pursuant to similar business competition may occur with the business of its company and may adversely affect the company business, prospects, results of operations and financial condition.
- The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operates its business, and the failures to obtain, retain and renew such approvals and licenses in timely manner or comply with such rules and regulations or at all may adversely affect its operations.
- Any failures by the company to fulfill export obligations under government schemes may adversely affect its business and financial condition.
- The Company has not yet placed all orders for building material for civil work, machineries and equipment required by its for the company manufacturing facility. Any delay in placing the orders or supply of plant, building material for civil work and machinery may result in time and cost overruns, and may affect the company profitability.
- The company does not has agreements/commitment on part of its customers to purchase or place orders with the company, also its does not has any price agreement with the company customers. If its customers select some other vendors/competitors for their requirement, it may has adverse effect on the company business.
- The company has availed unsecured loans from Promoters and members of Promoter Group that is recallable, at any time.
- The company has in the past entered into related party transactions and may continue to does so in the future.
- Any international market expansion efforts may expose its to complex management, legal, tax and economic risks, which could adversely affect the company business, financial condition, cash flows and results of operations.
- Compliance with, and changes in, safety, health and environmental laws and labour regulations may adversely affect the company business, prospects, financial condition and results of operations.
- If the company fail to maintain an effective system of internal controls, its may not be able to successfully manage or accurately report the company financial risk. Such failures of its internal processes or procedures could harm the company by impairing its ability to attract and retain clients and subject the company to significant legal liability and reputational harm.
- A shortage, non-availability or adverse price movement of electricity, power & fuel may adversely affect the company manufacturing operations and has an adverse effect on its business, results of operations and financial condition.
- Changes in technology may render the company current technologies obsolete or requires its to undertake substantial capital investments, which could adversely affect the company results of operations.
- The company may be unable to manage the integration or fully realize the anticipated benefits of the acquisition of Eklinji India Private Limited and the reorganization of the Group.
- One of the company Promoter & Director, Mr. Rajesh Narain Agarwal, was previously associated with certain companies that has been struck off from the register of companies in past.
- The company has made investment in equity instruments (quoted), gold bond, mutual fund and in equity shares of sister concerns (Un-quoted), and its has not made any provision for a decline in the value of the company investments.
- The company inability to accurately forecast demand or price for its products and manage the company inventory may has an adverse impact on the company business, results of operations and financial conditions.
- The company has encountered challenges in meeting the designated timelines for filing statutory returns, which may subject its to penalty under the relevant laws.
- The company has issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- The Company operations requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.
- Failures to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of the company stakeholders could harm its business and reputation and expose the company to liability.
- The company ability to access capital at attractive costs depends on its credit ratings. Non-availability of credit ratings or a poor rating may restrict the company access to capital and thereby adversely affect its business, financial conditions, cash flows and results of operations.
- The company Promoters has provided personal guarantees for its borrowings to secure the company loans. Its business, financial condition, results of operations, cash flows and prospects may be adversely affected by the revocation of all or any of the personal guarantees provided by the company Promoter and members of Promoter Group in connection with its Company's borrowings.
- The company business is dependent on the volume of the goods its sell to achieve the optimum level of profits, if the company is not able to achieve the volumes its will end up incurring losses on account of fixed cost.
- The company inability to meet its obligations, including financial and other covenants under the company debt financing arrangements could adversely affect its business, results of operations, financial condition and cash flows.
- The company insurance coverage may not be adequate to protect its against certain operating hazards and this may has a material adverse effect on its business and financial conditions.
- Depreciation of the Rupee against foreign currencies may has a material adverse effect on the company results of operations and currency exchange rate fluctuations may affect the value of the Equity Shares.
- The company could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.
- The company Contingent Liability and Commitments could affect its financial position.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of the company directors (including its Promoter) and Key Management Personnel are interested in the Company to the extent of their shareholding and dividend entitlement in its Company.
- Any penalty or demand raised by statutory authorities in future may adversely affect the financial position of the Company.
- The company success depends largely upon the services of its Directors, Promoters, Key Managerial Personnel and Senior Management and the company ability to attract and retain them and hire new talent. Demand for Key Managerial Personnel and Senior Management in the industry is intense and its inability to attract and retain key managerial, may affect the business and operations of the Company.
- The average cost of acquisition of Equity Shares by the company Promoter, are lower than the faces value of Equity Share.
- The company Promoters and Promoter Group will continue to retain majority shareholding in its Company after this Issue which will allow them to exercise significant influence over the company.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by the company major shareholders may adversely affect the trading price of its Equity Shares.
- The Issue Price of the company Equity Shares may not be indicative of the market price of its Equity Shares after the Issue and the market price of the company Equity Shares may decline below the Issue Price or you may not be able to sell your Equity Shares at or above the Issue Price.
- Significant differences exist between Indian GAAP and other accounting principles, such as Ind AS, IFRS and U.S. GAAP, which may be material to investors' assessments of the company financial condition, result of operations and cash flows.
- The company may be subject to surveillance measures, such as the Additional Surveillance Measures (ASM) and the Graded Surveillance Measures (GSM) by the Stock Exchanges which may adversely affect trading price of its Equity Shares.
- The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.
- The Objects of the Issue for which funds is being raised has not been appraised by any bank or financial institution. Any variation between the estimation and actual expenditure as estimated by the management could result in execution delays or influence the company profitability adversely.
- The company ability to pay dividends in the future will depends upon its future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
- Certain sections of this Red Herring Prospectus disclose information from the Ceramics Tableware Report which is a paid report and commissioned and paid for by the company exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risks.
The Issue type of Clay Craft India Ltd is Book Building - SME.
The minimum application for shares of Clay Craft India Ltd is 1200.
The total shares issue of Clay Craft India Ltd is 5424000.
Initial public offer of upto 54,24,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Clay Craft India Limited ("the Company" or "the Issuer") at an issue price of Rs. 203 per equity share (including share premium of Rs. 193 per equity share) for cash, aggregating up to Rs. 110.11 Crores ("Public Issue") out of which upto 2,72,400 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 203 per equity share for cash, aggregating Rs. 5.53 Crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. Issue of upto 51,51,600 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 203 per equity share for cash, aggregating upto Rs. 104.58 Crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.37% and 25.04% respectively of the post-issue paid-up equity share capital of the company.
Price Band: Rs. 203 per equity share of face value Rs. 10/- each.
The floor price (Rs.203) is 20.3 times of the face value of the equity shares.
Bids can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.