Clay Craft India Ltd IPO
Status: Upcoming
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
- We may not be able to maintain, protect, or enhance our brand recognition, which could have a material adverse effect on our business, financial condition, and results of operations.
- We depend on certain key suppliers to procure a significant portion of our raw materials. We do 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 our operations, which could have an adverse effect on our business, financial condition, results of operations and cash flows.
- If we fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for our products could decrease, causing our business, results of operations, financial condition and cash flows to be adversely affected.
- We are dependent on our distribution network, retailers including large format stores and online platform to sell our products and any disruption in our trade channel could have an adverse effect on our business, financial condition, cash flows and results of operations.
- We are subject to the risk associated with certain of our premises being leased. Non-renewal or dispute with the lessors may disrupt our business, and we 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 have an adverse effect on our business, results of operations, financial condition and cash flows.
- Nature of our finished products may result in higher handling, packaging, and logistics costs and could adversely affect our business and results of operations
- If our plant faces outage due to failure of machinery or any slowdown or shutdown in our manufacturing operations or underutilization of our manufacturing facility could impact our production and ultimately can impact our financial condition, business operations and cash flows.
- Our sales may be negatively impacted by increasing competition from domestic and international firms with products similar to ours.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.
- Our directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain our existing resources.
- Our business may be subject to seasonality, which may contribute to fluctuations in our results of operations and financial condition.
- Our operations are subject to various hazards and could expose us 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.
- Our Company, promoters and Directors are party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- We may be subject to costly product recalls and liability risk which could disrupt our operations and we may lose some of our customers if we are not able to meet the liability and recall in timely manner.
- We are 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 our business, financial operation and cash flows.
- Our business and the trading of our securities on the SME platform may be subject to risks related to limited liquidity and dependence on market makers.
- We depend on a limited number of customers for our revenue from operations, the loss of any of these customers individually or severally could have a material adverse effect on our business, operations and could have impacted our financial strength.
- Certain of our 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 are not traceable
- Our Company may face risks arising from the absence of a listed peer company on the SME platform or in the same line of business.
- There are certain discrepancies/errors noticed in some of our 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
- Our operations are highly dependent on information technology systems, including software, hardware, and network infrastructure. Any failure, disruption, or inadequacy in these systems could affect business continuity, operational efficiency, and customer service.
- Our objects of the issue include capital expenditure, which may take a period of time for set up and become operational.
- Any failure to protect or enforce our rights to own or use trademarks, copyright or design could have an adverse effect on our 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 wage demands by our employees or any other kind of disputes with our employees or any shortage of skilled labour could adversely affect our business and results of operations.
- Under-utilization of our existing manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.
- Any inability to grow, sustain or manage our revenue from operations, profitability or operations may adversely affect our business, results of operations and financial condition.
- The demand for our product is dependent on growth in the HORECA sector i.e. the hotel, restaurant, and catering industry, that may contribute to fluctuations in our results of operations and financial condition.
- Some of our Group Company are engaged in the business of manufacturing of ceramic ware and plastic ware. Pursuant to similar business competition may occur with the business of our company and may adversely affect our business, prospects, results of operations and financial condition.
- We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure 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 our operations.
- Any failure by us to fulfill export obligations under government schemes may adversely affect our business and financial condition.
- Our Company has not yet placed all orders for building material for civil work, machineries and equipment required by us for our 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 our profitability.
- We do not have agreements/commitment on part of our customers to purchase or place orders with us, also we do not have any price agreement with our customers. If our customers select some other vendors/competitors for their requirement, it may have adverse effect on our business.
- We have availed unsecured loans from Promoters and members of Promoter Group that are recallable, at any time.
- We have in the past entered into related party transactions and may continue to do so in the future.
- Any international market expansion efforts may expose us to complex management, legal, tax and economic risks, which could adversely affect our 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 our business, prospects, financial condition and results of operations.
- If we fail to maintain an effective system of internal controls, we may not be able to successfully manage or accurately report our financial risk. Such failure of our internal processes or procedures could harm us by impairing our ability to attract and retain clients and subject us to significant legal liability and reputational harm.
- A shortage, non-availability or adverse price movement of electricity, power & fuel may adversely affect our manufacturing operations and have an adverse effect on our business, results of operations and financial condition.
- Changes in technology may render our current technologies obsolete or require us to undertake substantial capital investments, which could adversely affect our results of operations.
- We 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 our Promoter & Director, Mr. Rajesh Narain Agarwal, was previously associated with certain companies that have been struck off from the register of companies in past.
- Our company has made investment in equity instruments (quoted), gold bond, mutual fund and in equity shares of sister concerns (Un-quoted), and we have not made any provision for a decline in the value of our investments.
- Our inability to accurately forecast demand or price for our products and manage our inventory may have an adverse impact on our business, results of operations and financial conditions.
- Our company has encountered challenges in meeting the designated timelines for filing statutory returns, which may subject us to penalty under the relevant laws.
- We have issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Our Company operations requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Failure to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of our stakeholders could harm our business and reputation and expose us to liability.
- Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business, financial conditions, cash flows and results of operations.
- Our Promoters have provided personal guarantees for our borrowings to secure our loans. Our 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 our Promoter and members of Promoter Group in connection with our Company's borrowings.
- Our business is dependent on the volume of the goods we sell to achieve the optimum level of profits, if we are not able to achieve the volumes we will end up incurring losses on account of fixed cost.
- Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations, financial condition and cash flows.
- Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business and financial conditions.
- Depreciation of the Rupee against foreign currencies may have a material adverse effect on our results of operations and currency exchange rate fluctuations may affect the value of the Equity Shares.
- We could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Our Contingent Liability and Commitments could affect our financial position.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of our directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- Any penalty or demand raised by statutory authorities in future may adversely affect the financial position of our Company.
- Our success depends largely upon the services of our Directors, Promoters, Key Managerial Personnel and Senior Management and our ability to attract and retain them and hire new talent. Demand for Key Managerial Personnel and Senior Management in the industry is intense and our inability to attract and retain key managerial, may affect the business and operations of our Company.
- The average cost of acquisition of Equity Shares by our Promoter, are lower than the face value of Equity Share.
- Our Promoters and Promoter Group will continue to retain majority shareholding in our Company after this Issue which will allow them to exercise significant influence over us.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
- The Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our 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 our financial condition, result of operations and cash flows.
- We 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 our Equity Shares.
- We have not identified any alternate source of funding and hence any failure or delay on our 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 are being raised have 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 our profitability adversely.
- Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our 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 us 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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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 is planning the Fresh Issue of 54,24,000 Equity Shares having the face value of Rs 10 each via Initial Public Offering.
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 | --- |
- We may not be able to maintain, protect, or enhance our brand recognition, which could have a material adverse effect on our business, financial condition, and results of operations.
- We depend on certain key suppliers to procure a significant portion of our raw materials. We do 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 our operations, which could have an adverse effect on our business, financial condition, results of operations and cash flows.
- If we fail to identify and effectively respond to changing consumer preferences or quality standards in a timely manner, the demand for our products could decrease, causing our business, results of operations, financial condition and cash flows to be adversely affected.
- We are dependent on our distribution network, retailers including large format stores and online platform to sell our products and any disruption in our trade channel could have an adverse effect on our business, financial condition, cash flows and results of operations.
- We are subject to the risk associated with certain of our premises being leased. Non-renewal or dispute with the lessors may disrupt our business, and we 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 have an adverse effect on our business, results of operations, financial condition and cash flows.
- Nature of our finished products may result in higher handling, packaging, and logistics costs and could adversely affect our business and results of operations
- If our plant faces outage due to failure of machinery or any slowdown or shutdown in our manufacturing operations or underutilization of our manufacturing facility could impact our production and ultimately can impact our financial condition, business operations and cash flows.
- Our sales may be negatively impacted by increasing competition from domestic and international firms with products similar to ours.
- The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of our Company.
- Our directors have no prior experience in managing a listed company, which may pose challenges in complying with regulatory requirements. Also, being a listed company may strain our existing resources.
- Our business may be subject to seasonality, which may contribute to fluctuations in our results of operations and financial condition.
- Our operations are subject to various hazards and could expose us 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.
- Our Company, promoters and Directors are party to certain legal proceedings, any adverse decision in such proceedings may have a material adverse effect on our business, results of operations and financial condition.
- We may be subject to costly product recalls and liability risk which could disrupt our operations and we may lose some of our customers if we are not able to meet the liability and recall in timely manner.
- We are 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 our business, financial operation and cash flows.
- Our business and the trading of our securities on the SME platform may be subject to risks related to limited liquidity and dependence on market makers.
- We depend on a limited number of customers for our revenue from operations, the loss of any of these customers individually or severally could have a material adverse effect on our business, operations and could have impacted our financial strength.
- Certain of our 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 are not traceable
- Our Company may face risks arising from the absence of a listed peer company on the SME platform or in the same line of business.
- There are certain discrepancies/errors noticed in some of our 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
- Our operations are highly dependent on information technology systems, including software, hardware, and network infrastructure. Any failure, disruption, or inadequacy in these systems could affect business continuity, operational efficiency, and customer service.
- Our objects of the issue include capital expenditure, which may take a period of time for set up and become operational.
- Any failure to protect or enforce our rights to own or use trademarks, copyright or design could have an adverse effect on our 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 wage demands by our employees or any other kind of disputes with our employees or any shortage of skilled labour could adversely affect our business and results of operations.
- Under-utilization of our existing manufacturing capacities and an inability to effectively utilize our expanded manufacturing capacities could have an adverse effect on our business, future prospects and future financial performance.
- Any inability to grow, sustain or manage our revenue from operations, profitability or operations may adversely affect our business, results of operations and financial condition.
- The demand for our product is dependent on growth in the HORECA sector i.e. the hotel, restaurant, and catering industry, that may contribute to fluctuations in our results of operations and financial condition.
- Some of our Group Company are engaged in the business of manufacturing of ceramic ware and plastic ware. Pursuant to similar business competition may occur with the business of our company and may adversely affect our business, prospects, results of operations and financial condition.
- We require certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate our business, and the failure 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 our operations.
- Any failure by us to fulfill export obligations under government schemes may adversely affect our business and financial condition.
- Our Company has not yet placed all orders for building material for civil work, machineries and equipment required by us for our 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 our profitability.
- We do not have agreements/commitment on part of our customers to purchase or place orders with us, also we do not have any price agreement with our customers. If our customers select some other vendors/competitors for their requirement, it may have adverse effect on our business.
- We have availed unsecured loans from Promoters and members of Promoter Group that are recallable, at any time.
- We have in the past entered into related party transactions and may continue to do so in the future.
- Any international market expansion efforts may expose us to complex management, legal, tax and economic risks, which could adversely affect our 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 our business, prospects, financial condition and results of operations.
- If we fail to maintain an effective system of internal controls, we may not be able to successfully manage or accurately report our financial risk. Such failure of our internal processes or procedures could harm us by impairing our ability to attract and retain clients and subject us to significant legal liability and reputational harm.
- A shortage, non-availability or adverse price movement of electricity, power & fuel may adversely affect our manufacturing operations and have an adverse effect on our business, results of operations and financial condition.
- Changes in technology may render our current technologies obsolete or require us to undertake substantial capital investments, which could adversely affect our results of operations.
- We 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 our Promoter & Director, Mr. Rajesh Narain Agarwal, was previously associated with certain companies that have been struck off from the register of companies in past.
- Our company has made investment in equity instruments (quoted), gold bond, mutual fund and in equity shares of sister concerns (Un-quoted), and we have not made any provision for a decline in the value of our investments.
- Our inability to accurately forecast demand or price for our products and manage our inventory may have an adverse impact on our business, results of operations and financial conditions.
- Our company has encountered challenges in meeting the designated timelines for filing statutory returns, which may subject us to penalty under the relevant laws.
- We have issued Equity Shares during the preceding one year at a price that may be below the Issue Price.
- Our Company operations requires significant amount of working capital for a continuing growth. Our inability to meet our working capital requirements may adversely affect our results of operations.
- Failure to deal effectively with any fraudulent transactions and illegal activity affecting the sensitive information of our stakeholders could harm our business and reputation and expose us to liability.
- Our ability to access capital at attractive costs depends on our credit ratings. Non-availability of credit ratings or a poor rating may restrict our access to capital and thereby adversely affect our business, financial conditions, cash flows and results of operations.
- Our Promoters have provided personal guarantees for our borrowings to secure our loans. Our 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 our Promoter and members of Promoter Group in connection with our Company's borrowings.
- Our business is dependent on the volume of the goods we sell to achieve the optimum level of profits, if we are not able to achieve the volumes we will end up incurring losses on account of fixed cost.
- Our inability to meet our obligations, including financial and other covenants under our debt financing arrangements could adversely affect our business, results of operations, financial condition and cash flows.
- Our insurance coverage may not be adequate to protect us against certain operating hazards and this may have a material adverse effect on our business and financial conditions.
- Depreciation of the Rupee against foreign currencies may have a material adverse effect on our results of operations and currency exchange rate fluctuations may affect the value of the Equity Shares.
- We could be adversely affected by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect our financial condition, results of operations and reputation.
- Our Contingent Liability and Commitments could affect our financial position.
- In addition to normal remuneration, other benefits and reimbursement of expenses of some of our directors (including our Promoter) and Key Management Personnel are interested in our Company to the extent of their shareholding and dividend entitlement in our Company.
- Any penalty or demand raised by statutory authorities in future may adversely affect the financial position of our Company.
- Our success depends largely upon the services of our Directors, Promoters, Key Managerial Personnel and Senior Management and our ability to attract and retain them and hire new talent. Demand for Key Managerial Personnel and Senior Management in the industry is intense and our inability to attract and retain key managerial, may affect the business and operations of our Company.
- The average cost of acquisition of Equity Shares by our Promoter, are lower than the face value of Equity Share.
- Our Promoters and Promoter Group will continue to retain majority shareholding in our Company after this Issue which will allow them to exercise significant influence over us.
- Any future issuance of Equity Shares may dilute your shareholdings, and sale of the Equity Shares by our major shareholders may adversely affect the trading price of our Equity Shares.
- The Issue Price of our Equity Shares may not be indicative of the market price of our Equity Shares after the Issue and the market price of our 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 our financial condition, result of operations and cash flows.
- We 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 our Equity Shares.
- We have not identified any alternate source of funding and hence any failure or delay on our 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 are being raised have 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 our profitability adversely.
- Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our 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 us 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. 193-203 per equity share (including share premium of Rs. 183-193 per equity share) for cash, aggregating up to Rs. 104.68-110.11 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. 193-203 per equity share for cash, aggregating Rs. 5.26-5.53 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. 193-203 per equity share for cash, aggregating upto Rs. 99.43-104.58 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. 193 to Rs. 203 per equity share of face value Rs. 10/- each.
The floor price (Rs.193) is 19.3 times the face value of the equity shares and the cap 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.