Clay Craft India IPO listing: Clay Craft India shares made a decent debut on the NSE SME on Wednesday, 24 June, listing at ₹211- a 4% premium over their issue price of ₹203. Soon after the opening, the SME stock hit its upper price band of ₹221.55, jumping over 9% from the issue price.
According to grey market sources, the stock’s listing failed to meet expectations, as the last grey market premium (GMP) suggested it would list at ₹238.
Meanwhile, the stock market benchmarks traded volatily amid mixed global cues. The Nifty 50 opened at 23,795.80 against its previous close of 23,824.10 and touched an intraday high and low of 23,904.35 and 23,789.25, respectively, till 10 am on Wednesday.
Clay Craft India IPO details
was a fresh issue of 54,24,000 shares, priced at ₹193 to ₹203 per share. to raise ₹110.11 crore. The company intends to use ₹97 crore for setting up an additional manufacturing facility in Rajasthan. The remaining amount is to be used for general corporate purposes.
The SME IPO opened for public on Wednesday, 17 June, and concluded on Friday, 19 June, having subscribed to 103 times, with the retail portion booked nearly 72 times, the segment reserved for NIIs subscribed to 154 times, and the QIB’s portion booked 119 times.
was finalised on Monday, 22 June.
Clay Craft India is engaged in the manufacturing of bone china crockery and ceramic tableware for households, hospitality establishments, and corporate customers. It also provides customised ceramic solutions for institutional clients and caters to the hotel, restaurant, and catering (HoReCa) segment.
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