Varmora Granito Ltd., a leading player in the ceramic and vitrified tiles industry, has filed draft documents with the market regulator to launch an initial public offering (IPO) worth Rs. 400 crore. The proposed public issue comprises a fresh issue of shares, aimed at funding the company’s capital expenditure, working capital needs, and general corporate purposes. Known for its strong domestic footprint and growing global presence, Varmora is positioning itself to capitalize on India’s rising demand for construction and home improvement products.