The Mamaearth IPO, valued at Rs 1,701.44 crores, is a book-built issue comprising a fresh issue of 1.13 crore shares worth Rs 365.00 crores and an offer for sale of 4.12 crore shares amounting to Rs 1,336.40 crores.
Bidding for the Mamaearth IPO commenced on October 31, 2023, and concluded on November 2, 2023. The allotment process was finalized on Monday, November 6, 2023, with the shares being listed on both the BSE and NSE on November 7, 2023.
The price band for the Mamaearth IPO was set at ₹308 to ₹324 per share, with a minimum lot size of 46 shares. Retail investors were required to invest a minimum of ₹14,904. The minimum lot size investments for sNII and bNII were 14 lots (644 shares), amounting to ₹208,656, and 68 lots (3,128 shares), amounting to ₹1,013,472, respectively.
Additionally, the issue included a reservation of up to 34,013 shares for employees, offered at a discount of Rs 30 to the issue price.
Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, and J.P. Morgan India Private Limited acted as the book running lead managers for the Mamaearth IPO, with Kfin Technologies Limited serving as the registrar for the issue.
Objective of IPO.
Out of INR 1701 Cr.,
rest INR 1336 Cr. is “Offer for sale.”
Utilization of INR 365 Cr. is Fresh Issue:
The company intends to continue to invest in marketing, which will lead to higher brand recall and acquisition of new customers for existing brands as well as any new brands that it may launch in the future.
The company follows a consumer centric and data-led contextualized approach to marketing, and continuous two-way engagement with consumers as an integral part of business model.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
1. Aadhaar and PAN Card of the taxpayer and the company
2. Bank Statements of the taxpayer/company/firm
3.Form 26AS: It is a summary of all the taxes that have been deducted from your income, such as TDS (Tax Deducted at Source).
4. Form 16: It is issued by your employer, which gives the details about the total salary + TDS deducted from it.
5. Investment and financial documents: If you have invested in shares, mutual funds, or fixed deposits, dividend statements, capital gains reports (if you have sold any assets), and interest certificates need to be attached.
6. Proof of other income: Other than your salary, if you have earned from different sources, such as from freelance work, rental income, or interest, you need to attach the documents, such as bonus receipts, interest certificates, rental agreements, and any freelance payment statements, to prove the same.
7. Deductions and tax-saving investments: To claim deductions under sections 80C - for investments in PPF, ELSS, etc., 80D - for insurance premiums, or 80G for the charitable donations, you need to attach the documents to prove the same.
8. Form 10E (If Applicable): If you have received salary arrears or any special bonuses, then you need to attach the Form 10E - it is used to claim tax relief for those payments under section 89(1) of the Income Tax Act, 1961.
9. TDS Certificates: If you have earned income from sources other than your salary, such as rent, interest, or professional fees, then your TDS might have TDS deducted. In this case, you need to attach the TDS certificates from those sources to show that tax has been deducted and deposited with the government.
10. Details of Foreign Income (If Applicable): If you have earned from abroad or own foreign assets, you need to disclose all the information in your ITR. Documents such as foreign bank statements, income certificates, or details of foreign investment are necessary to report this income correctly.
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