Clay Craft IPO Surges Amid Four Company Openings; Rs 252.5 Crore Targeted in Public Offerings

Clay Craft IPO Surges Amid Four Company Openings; Rs 252.5 Crore Targeted in Public Offerings​

Four companies have launched their Initial Public Offers (IPOs) for subscription today, signaling continued activity in capital markets. These public issues are set to close by June 19, with a total fundraising target of Rs 252.5 crore across the offerings. The allotment of shares for all four IPOs will be finalized on June 22, and trading is expected to begin on the exchanges from June 24.

Clay Craft India Leads With Largest Offer at ₹193–₹203 Price Band​

Ceramic tableware producer Clay Craft India has set the pace among the new listings, mobilizing Rs 110.1 crore. The company offers 54.24 lakh shares and has set a price band ranging from Rs 193 to Rs 203 per share. These funds are earmarked for expanding operations, with Rs 97 crore designated for establishing an additional manufacturing facility in Manda, Rajasthan. The remaining capital will be utilized for general corporate purposes.

Leapfrog Engineering and Liotech Industries Seek Capital for Expansion​

Leapfrog Engineering Services from Bangalore has approached the capital markets to raise Rs 88.5 crore through its IPO. This offering includes a fresh issue of 3.46 crore shares and an offer-for-sale portion of 38.76 lakh shares, with a price band set between Rs 21 and Rs 23 per share. The engineering firm plans to use Rs 27 crore from the fresh issue proceeds for setting up an assembling unit and Rs 36 crore for working capital needs.

Liotech Industries, a manufacturer of hardware structures and accessories, will fetch Rs 36 crore through its fixed price IPO. This offering includes 11.22 lakh shares at a set offer price of Rs 321 per share. The company will dedicate the proceeds from the fresh issue toward acquiring new machinery for its manufacturing unit and loan repayment.

Diksha Polymers Mobilizes Funds Through PET Packaging IPO​

Diksha Polymers, based in Madhya Pradesh and specializing in PET bottles, containers, and preforms, is raising Rs 17.9 crore. The IPO offers 15.98 lakh shares at a fixed price of Rs 112 per share. The capital raised through this offering will be used to repay certain debt obligations and support general corporate activities.

Grey Market Reactions Show Mixed Investor Sentiment​

Market observers have reported varied levels of interest across the listings in the grey market, which serves as an unofficial trading platform prior to listing. Clay Craft India's IPO shares were observed trading at nearly 20 percent premium. Similarly, Liotech Industries stock was noted trading with over a 15 percent premium. Conversely, neither Diksha Polymers nor Leapfrog Engineering Services saw any particular premium in the grey market.