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. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | 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 ₹104.58 Cr. The final issue price of Admach Systems IPO is ₹239.00 per share and of Clay Craft IPO is ₹203.00 per share.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹227.00 per share | ₹193.00 per share |
| Issue Price (Upper) | ₹239.00 per share | ₹203.00 per share |
| Issue Price (Final) | ₹239.00 per share | ₹203.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 600 shares |
| Fresh Issue Size | 16,93,200 shares | 51,51,600 shares |
| Fresh Issue Size (Amount) | up to ₹40.47 Cr | up to ₹104.58 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 | 51,51,600 shares |
| Issue Size Total (Amount) | up to ₹40.47 Cr | up to ₹104.58 Cr |
Admach Systems IPO opens on Dec 23, 2025, while Clay Craft IPO opens on Jun 17, 2026. The closing date of Admach Systems IPO and Clay Craft IPO is Dec 26, 2025, and Jun 19, 2026, respectively.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2025 | Jun 16, 2026 |
| Issue Open | Dec 23, 2025 | Jun 17, 2026 |
| Issue Close | Dec 26, 2025 | Jun 19, 2026 |
| Basis Of Allotment (Tentative) | Dec 29, 2025 | Jun 22, 2026 |
| Initiation of Refunds (Tentative) | Dec 30, 2025 | Jun 23, 2026 |
| Credit of Share (Tentative) | Dec 30, 2025 | Jun 23, 2026 |
| Listing date (Tentative) | Dec 31, 2025 | Jun 24, 2026 |
| Anchor Lockin End date 1 | Jan 30, 2026 | Jul 22, 2026 |
| Anchor Lockin End date 2 | Mar 31, 2026 | Sep 20, 2026 |
Admach Systems IPO P/E ratio is 19.56, as compared to Clay Craft IPO P/E ratio of 11.38.
| Admach Systems IPO | Clay Craft IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)Clay Craft India Ltd.'s revenue increased by 20% and profit after tax (PAT) rose by 30% between the financial year ending with March 31, 2026 and March 31, 2025.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 71.87 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 52.95 | 73.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.56 | 11.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹161.87 Cr. | ₹417.58 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.94 | 17.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.00 | 18.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.48 | 0.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.22 | ₹17.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.69 | 16.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 10,30,200 shares in Clay Craft IPO.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,10,600 shares | 15,43,800 shares |
| Market Maker Reservation | 89,400 shares | 2,72,400 shares |
| QIB | 3,81,600 shares | 10,30,200 shares |
| NII | 3,79,800 shares | 7,74,000 shares |
| RII | 7,21,200 shares | 18,03,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 16,93,200 shares | 51,51,600 shares |
Admach Systems IPO subscribed 3.61x in total, whereas Clay Craft IPO subscribed 72.18x.
| Admach Systems IPO | Clay Craft IPO | |
|---|---|---|
| QIB (times) | 1.55x | 119.19x |
| NII (times) | 7.40x | 154.54x |
| Big NII (times) | 9.21x | 186.41x |
| Small NII (times) | 3.76x | 90.81x |
| RII (times) | 3.77x | 71.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.61x | 72.18x |
