Varmora Granito Ltd

Registered Office: 8-A National Highway Dhuva,Taluka Wankaner, Rajkot - 363641, Gujarat, India. Phone : +91 99099 13657   Fax: Email : Website :www.varmora.com

Initial public offering of up to [*] 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.[*] per equity share (including a share premium of Rs.[*] per equity share) ("Offer Price") aggregating up to Rs. [*] crores (the "Offer") comprising of a fresh issue of up to [*] equity shares of face value of Rs. 2/- each aggregating up to Rs. 400.00 crores ("Fresh Issue") and an offer for sale of up to 52,435,268 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores comprising of up to 49,156,579 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Katsura Investments (Referred to as the "Investor Selling Shareholder"), up to 1,092,897 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Parsotambhai Jivrajbhai Patel, up to 1,092,896 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Ramanbhai Jivrajbhai Varmora and up to 1,092,896 equity shares of face value of Rs.2/- each aggregating up to Rs. [*] crores by Vallabhbhai Jivrajbhai Varmora (Collectively Referred to as the "Promoter Group Selling Shareholders" and with the investor selling shareholder, the "Selling Shareholders", and such equity shares offered by the 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. The face value of the equity shares is Rs.2/- each. the offer price is [*] times the face value of the equity shares. The price band and the minimum bid lot will be decided by the company. 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