Varmora Granito Files for IPO to Raise ₹400 Crore

Varmora Granito, a company that makes tiles and bathroom fixtures, is planning to sell shares to the public to get money.

They are looking to raise ₹400 crore by selling new shares, along with some shares from existing investors.

This money will be used to pay back the company's debts, including those of its subsidiaries.

They make various types of tiles and sell them through different stores and channels.

It's like they're inviting people to invest in their company.