Clay Craft India opens ₹110-cr SME IPO June 17 at ₹193-203 band to fund 4,000 MT expansion

Jaipur-based ceramic tableware maker Clay Craft India launches its ₹110.11-crore SME IPO June 17-19 at a ₹193-203 price band. FY26 revenue stood at ₹179.89 crore with 23.33% EBITDA margin and ₹27.01 crore PAT. Proceeds will add 4,000 MT to its 6,000 MT capacity via Italian SACMI machinery, supporting 5,770 SKUs across 130+ distributors in modern retail, e-commerce and HoReCa.

— Source publishedWed, 17 Jun, 2026, 13:31 IST·First seen Wed, 17 Jun, 2026, 13:42 IST·Source The Hindu BusinessLine

What happened

Jaipur-based ceramic tableware maker Clay Craft India launches ₹110-crore SME IPO on June 17 at ₹193-203 band. Proceeds fund 4,000 MT capacity expansion via

Key facts

  • ₹110.11 crore IPO
  • price band ₹193-203
  • FY26 revenue ₹179.89 crore
  • EBITDA ₹41.96 crore
  • 23.33% margin
  • PAT ₹27.01 crore
  • 6,000 MT capacity
  • 82% utilisation
  • +4,000 MT planned
  • 5,770 SKUs
  • 130+ distributors

Why this matters

A capacity-led, debt-light SME listing in branded ceramic tableware signals a consolidating mid-market segment where Clay Craft's distributor depth and SACMI-backed capacity make it a credible roll-up anchor or strategic partner for global tableware brands eyeing India.