Clay Craft India IPO Day 1: GMP signals 19% listing pop. Check subscription status and other details (opens original article in a new tab)

Clay Craft India's IPO opened on 17 June with a strong grey market premium, aiming to raise ₹110.11 crore, but initial subscription remains low.

• Clay Craft India's IPO aims to raise ₹110.11 crore with shares priced between ₹193 and ₹203
• The grey market premium (GMP) for the IPO is +40, indicating a potential 19% listing pop
• The IPO has been subscribed 11% on the first day, with retail category at 0.14 times and NIIs at 0.20 times