Comparison between Clay Craft IPO and Msafe Equipments IPO.
Clay Craft IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Msafe Equipments IPO is a SME Bookbuilding proposed to list at BSE SME.
| Clay Craft IPO | Msafe Equipments IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Evermore Share Broking 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 Clay Craft IPO is up to ₹104.58 Cr whereas the issue size of the Msafe Equipments IPO is up to ₹62.75 Cr. The final issue price of Clay Craft IPO is ₹203.00 per share and of Msafe Equipments IPO is ₹123.00 per share.
| Clay Craft IPO | Msafe Equipments IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹193.00 per share | ₹116.00 per share |
| Issue Price (Upper) | ₹203.00 per share | ₹123.00 per share |
| Issue Price (Final) | ₹203.00 per share | ₹123.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 600 shares | 1000 shares |
| Fresh Issue Size | 51,51,600 shares | 41,02,000 shares |
| Fresh Issue Size (Amount) | up to ₹104.58 Cr | up to ₹50.45 Cr |
| OFS Issue Size | 0 shares | 10,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹12.30 Cr |
| Issue Size Total | 51,51,600 shares | 51,02,000 shares |
| Issue Size Total (Amount) | up to ₹104.58 Cr | up to ₹62.75 Cr |
Clay Craft IPO opens on Jun 17, 2026, while Msafe Equipments IPO opens on Jan 28, 2026. The closing date of Clay Craft IPO and Msafe Equipments IPO is Jun 19, 2026, and Jan 30, 2026, respectively.
| Clay Craft IPO | Msafe Equipments IPO | |
|---|---|---|
| Anchor Bid Date | Jun 16, 2026 | Jan 27, 2026 |
| Issue Open | Jun 17, 2026 | Jan 28, 2026 |
| Issue Close | Jun 19, 2026 | Jan 30, 2026 |
| Basis Of Allotment (Tentative) | Jun 22, 2026 | Feb 02, 2026 |
| Initiation of Refunds (Tentative) | Jun 23, 2026 | Feb 03, 2026 |
| Credit of Share (Tentative) | Jun 23, 2026 | Feb 03, 2026 |
| Listing date (Tentative) | Jun 24, 2026 | Feb 04, 2026 |
| Anchor Lockin End date 1 | Jul 22, 2026 | Mar 06, 2026 |
| Anchor Lockin End date 2 | Sep 20, 2026 | May 05, 2026 |
Clay Craft IPO P/E ratio is 11.38, as compared to Msafe Equipments IPO P/E ratio of 15.12.
| Clay Craft IPO | Msafe Equipments IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | 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.
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | 73.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.38 | 15.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹417.58 Cr. | ₹250.92 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 17.71 | 67.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.26 | 34.56 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹17.84 | ₹8.13 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 16.27 | 50.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Clay Craft IPO Retail Individual Investors (RII) are offered 18,03,600 shares while in Msafe Equipments IPO retail investors are offered 18,03,600 shares. Qualified Institutional Buyers (QIB) are offered 10,30,200 shares in Clay Craft IPO and 10,17,000 shares in Msafe Equipments IPO.
| Clay Craft IPO | Msafe Equipments IPO | |
|---|---|---|
| Anchor Investor Reservation | 15,43,800 shares | 15,25,000 shares |
| Market Maker Reservation | 2,72,400 shares | 2,98,000 shares |
| QIB | 10,30,200 shares | 10,17,000 shares |
| NII | 7,74,000 shares | 7,74,000 shares |
| RII | 18,03,600 shares | 17,86,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 51,51,600 shares | 51,02,000 shares |
Clay Craft IPO subscribed 72.18x in total, whereas Msafe Equipments IPO subscribed 116.89x.
| Clay Craft IPO | Msafe Equipments IPO | |
|---|---|---|
| QIB (times) | 119.19x | 117.97x |
| NII (times) | 154.54x | 308.23x |
| Big NII (times) | 186.41x | 380.85x |
| Small NII (times) | 90.81x | 162.98x |
| RII (times) | 71.76x | 133.16x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 72.18x | 116.89x |
