Comparison between Admach Systems IPO and Clay Craft IPO.
Admach Systems IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Clay Craft IPO is a SME Bookbuilding proposed to list at NSE SME.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Aftertrade Broking Pvt.Ltd. | Hem Securities Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Admach Systems IPO is up to ₹40.47 Cr whereas the issue size of the Clay Craft IPO is up to ₹0.00 Cr. The final issue price of Admach Systems IPO is ₹239.00 per share and of Clay Craft IPO is .
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹227.00 per share | |
| Issue Price (Upper) | ₹239.00 per share | |
| Issue Price (Final) | ₹239.00 per share | |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | |
| Fresh Issue Size | 16,93,200 shares | 54,24,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.47 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 16,93,200 shares | 54,24,000 shares |
| Issue Size Total (Amount) | up to ₹40.47 Cr | up to ₹0.00 Cr |
Admach Systems IPO opens on Dec 23, 2025, while Clay Craft IPO opens on . The closing date of Admach Systems IPO and Clay Craft IPO is Dec 26, 2025, and , respectively.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | |
| Issue Open | Dec 23, 2025 | |
| Issue Close | Dec 26, 2025 | |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | |
| Credit of Share (Tentative) | Dec 30, 2025 | |
| Listing date (Tentative) | Dec 31, 2025 | |
| Anchor Lockin End date 1 | Jan 30, 2026 | |
| Anchor Lockin End date 2 | Mar 31, 2026 |
Admach Systems IPO P/E ratio is 19.56, as compared to Clay Craft IPO P/E ratio of .
| Admach Systems IPO | Clay Craft IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Admach Systems Ltd.'s revenue increased by 170% and profit after tax (PAT) rose by 82% between the financial year ending with March 31, 2025 and March 31, 2024.
| Company Financials (Restated Standalone)Clay Craft India Ltd.'s revenue increased by 5% and profit after tax (PAT) rose by 54% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 71.87 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.87 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.94 | 16.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.00 | 17.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | 0.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.69 | 15.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Admach Systems IPO Retail Individual Investors (RII) are offered 7,21,200 shares while in Clay Craft IPO retail investors are offered 7,21,200 shares. Qualified Institutional Buyers (QIB) are offered 3,81,600 shares in Admach Systems IPO and 0 shares in Clay Craft IPO.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,10,600 shares | 0 shares |
| Market Maker Reservation | 89,400 shares | 0 shares |
| QIB | 3,81,600 shares | 0 shares |
| NII | 3,79,800 shares | 0 shares |
| RII | 7,21,200 shares | 0 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 16,93,200 shares | 0 shares |
Admach Systems IPO subscribed 4.13x in total, whereas Clay Craft IPO subscribed .
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| QIB (times) | 1.55x | |
| NII (times) | 7.40x | |
| Big NII (times) | 9.21x | |
| Small NII (times) | 3.76x | |
| RII (times) | 3.77x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.13x |
