Basis Of Allotment

Varmora Granito Ltd.
Issue Open Date 22-Sep-26  
Issue Closing Date 24-Sep-26  
Application Money 100  
Allotment Money  
Price Band (Rs.) 140 - 148  
Minimum Bid Quantity. 101  
Issue Size (Shares) 33902899  
Market Lot 1  
Objective :

1. Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by:a. our Company; andb. 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; and2. General corporate purposes.

Business Description

We are one of the leading players in the Indian tiles market in terms of revenue in Fiscal 2025 among the selected listed peers (Source: Technopak Report). According to the Techno...

Promoter's Holding
Total Share Capital   103868040  
Offered to Public   33902899  
Promoter's Holding (Pre-Issue)   51.3  
Promoter's Holding (Post-Issue)   47.04  
Address
8 - A
National Highway
At Dhuva
Tal. Wankaner
Rajkot Dist ,
Gujarat ,
363641
Phone : 9909913657
Email : investor.relations@varmora.com
Website : www.varmora.com
Registrar
KFIN Technologies Ltd.
301
The Centrium
3rd Floor
57
Lal Bahadur Shastri Road
Nav Pada
Kurla (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
Goldman Sachs (India) Securities Pvt Ltd
JM Financial Ltd.
SBI Capital Markets Ltd
Promoters
Bhavesh Vallabhdas Varmora
Hiren R Varmora
Pramodkumar Parsotambhai Patel