Initial public issue of up to 44,00,000 equity shares of face value of Rs. 10/- each of Vyara Tiles Limited ("VTL", "Vyara" or "the Company") for cash at a price of [*] per equity share (Including a Share Premium of [*] per Equity Share) ("Issue Price") Aggregating to [*] crores, of which 2,32,000 equity shares of face value of Rs. 10/- each at a price of [*] aggregating to [*] crores will be Reserved for subscription by market maker ("Market Maker Reservation Portion") and net issue to public of [*] equity shares of face value of Rs. 10/- each at a price of [*] aggregating to [*] crores (Hereinafter Referred to as the "Net Issue") the issue and the net issue will constitute [*] % and [*] % respectively of the post issue paid up equity share capital of the company. The price band and the minimum bid lot will be decided by the company.