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IPO-Synopsis
Varmora Granito Ltd
Initial public offering of up to 47,839,255 equity shares of face value of Rs. 2 each ("Equity Shares") of Varmora Granito Limited ("Company" or "Issuer") for cash at a price of Rs. 148 per equity share (including a share premium of Rs. 146 per equity share) ("Offer Price") aggregating up to Rs. 708.02 Crores (the "Offer") comprising of a fresh issue of up to 21,621,621 equity shares of face value of Rs. 2 each aggregating up to Rs. 320.00 Crores ("Fresh Issue") and an offer for sale of up to 26,217,634 equity shares of face value of Rs. 2 each aggregating up to Rs. 388.02 Crores by Katsura Investments (Referred to as the "Investor Selling Shareholder"), and such equity shares offered by the investor selling shareholders, the "Offered Shares"). The offer shall constitute [*]% of the post-offer paid up equity share capital of the company. The company, in consultation with the brlms, may consider a pre-ipo placement, prior to filing of the pre-ipo placement, if undertaken, will be at a price to be decided by the company, in consultation with the brlms. If the pre-ipo placement is completed, the amount raised pursuant to the pre-ipo placement will be reduced from the fresh issue, subject to compliance with Rule 19(2)(b) of the scrr. The pre-ipo placement, if undertaken, shall not exceed 20% of the size of the fresh issue. Prior to the completion of the offer, the company shall appropriately intimate the subscribers to the pre-ipo placement, prior to allotment pursuant to the pre-ipo placement, that there is no guarantee that the company may proceed with the offer or the offer may be successful and will result into listing of the equity shares on the stock exchanges. Further, relevant disclosures in relation to such intimation to the subscribers to the pre-ipo placement (If Undertaken) shall be appropriately made in the relevant section of the rhp and prospectus. Price Band: Rs. 140 to Rs. 148 per equity share bearing face value of Rs. 2 each. The floor price is 70 times of the face value of the equity shares and the cap price is 74 times of the face value of the equity shares. Bids can be made for a minimum of 101 equity shares of face value of Rs. 2 each and in multiples of 101 equity shares of face value of Rs. 2 each thereafter.
Issue
Opens On Closes On
22-Sep-26 24-Sep-26
Money Payable On
Application Allotment
140.00 0.00
Minimum Application for shares in Nos : 101 Further Multiples of : 101
Cr Lead Managers to the Issue
Project Cost (.Cr) 0.00 Goldman Sachs (India) Securities Private Limited
Project Financed through Current Offer (.Cr) 687.05  
Post Issue Equity Share Capital (.Cr) 45.20
Issue Price () 140.00
Projects
Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by the company
our wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of our Subsidiary, Simola Tiles LLP, through investment in such Subsidiaries
General corporate purposes
Promoted By
Bhavesh Vallabhdas Varmora
Hiren R Varmora
Pramodkumar Parsotambhai Patel
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Ltd

DJIA 52073.35
369.71 0.72%
S&P 500 7785.28
113.78 1.48%
HANG SENG 25071.06
28.35 0.11%
NIKKEI 225 65040.24
903.99 1.41%
FTSE 100 10737.46
78.33 0.73%
NIFTY 23329.00
-85.30 -0.36%
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