New Delhi, June 22 -- Shares allotment of Clay Craft IPO, which opened for public subscription on Wednesday, June 17, and concluded on Friday, June 19, is expected to be finalised today. The SME IPO witnessed a healthy subscription of 103 times, with the retail portion booked nearly 72 times, the segment reserved for NIIs subscribed to 154 times, and the QIB's portion booked 119 times.

Clay Craft IPO was entirely a fresh issue of 54,24,000 shares. With a price band of Rs.193 to Rs.203 per share, the book build issue aimed to raise Rs.110.11 crore, out of which the company intends to use Rs.97 crore for setting up an additional manufacturing facility at Manda, Rajasthan. The remaining amount will be used for general corporate purposes.

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