Clay Craft IPO vs Msafe Equipments IPO

Comparison between Clay Craft IPO and Msafe Equipments IPO.

IPO Details

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.

Issue Size and Price

The total issue size of Clay Craft IPO is up to ₹0.00 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 and of Msafe Equipments IPO is ₹123.00 per share.

 Clay Craft IPOMsafe Equipments IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹116.00 per share
Issue Price (Upper)₹123.00 per share
Issue Price (Final)₹123.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1000 shares
Fresh Issue Size54,24,000 shares41,02,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹50.45 Cr
OFS Issue Size0 shares10,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹12.30 Cr
Issue Size Total54,24,000 shares51,02,000 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹62.75 Cr

IPO Timetable

Clay Craft IPO opens on , while Msafe Equipments IPO opens on Jan 28, 2026. The closing date of Clay Craft IPO and Msafe Equipments IPO is , and Jan 30, 2026, respectively.

Financials & KPIs

Clay Craft IPO P/E ratio is , as compared to Msafe Equipments IPO P/E ratio of 15.12.

 Clay Craft IPOMsafe Equipments IPO
Financials

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets217.39188.67202.33
Total Income154.44146.99147.77
Profit After Tax20.7613.5019.76
EBITDA35.3928.6532.64
NET Worth139.05117.01103.53
Reserves and Surplus134.00112.1298.64
Total Borrowing47.7546.8065.94
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202531 Mar 202531 Mar 202431 Mar 2023
Assets87.6773.5948.1933.54
Total Income49.0771.6248.3429.71
Profit After Tax10.5013.016.553.65
EBITDA19.2126.0815.129.19
NET Worth36.1525.6512.646.09
Reserves and Surplus20.1524.6511.645.09
Total Borrowing37.6732.5625.8720.37
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)73.53
P/E Ratio15.12
Market Cap₹250.92 Cr.
ROE16.2167.97
ROCE17.0534.56
Debt/Equity0.34
EPS₹8.13
RoNW15.4850.73

Shares Offered

In the Clay Craft IPO Retail Individual Investors (RII) are offered 0 shares while in Msafe Equipments IPO retail investors are offered 0 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Clay Craft IPO and 10,17,000 shares in Msafe Equipments IPO.

 Clay Craft IPOMsafe Equipments IPO
Anchor Investor Reservation0 shares15,25,000 shares
Market Maker Reservation0 shares2,98,000 shares
QIB0 shares10,17,000 shares
NII0 shares7,74,000 shares
RII0 shares17,86,000 shares
Employee0 shares0 shares
Others
Total0 shares51,02,000 shares

Bids Received (Subscription)

Clay Craft IPO subscribed in total, whereas Msafe Equipments IPO subscribed 166.72x.

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Clay Craft IPO Vs Msafe Equipments IPO