Grandmaa International Ltd IPO

The company was incorporated on December 30, 2020 by the founder and Chairman Mr. Jaideep Jain with a clear objective and vision "to manufacture superior Shoe Vamps (Upper) and Garment Products of the highest quality". Grandma International Limited is a Ludhiana based manufacturing house which is engaged in the business of manufacturing of: Woven and Knitted Shoe Vamps (upper); Flat Knit & Circular Knit Garments; Trading of Textile Products namely Yarn; and Finished fabric for domestic sales. Grandmaa is registered under Startup India under DPIIT recognition under the Startup India initiative, thus your company can apply for 80 IAC Tax Exemption and Exemption under Section 56 of the Income Tax Act (Angel Tax). Section 80 IAC of the Income Tax Act, is the provision that allows recognised startups to get a 100% tax exemption for 3 consecutive profit-making years. Further, our company has opted the 15% tax rate under 115BAB of the Income Tax Act, 1961. However, Company's profits shall remain liable to tax u/s 115BAB. Other manufacturing concern incorporated on or after October 1, 2019 are not eligible under section 115BAB of the Income Tax Act, 1961, thus, differences in the tax rates providing us a tax advantage from our competitors. Our Company is also an ISO 9001:2015 certified company engaged in manufacturing of shoe vamps (upper) and trading of textile products mainly yarns. We are fly knit manufacturing house that has carved a niche in the knit wear fraternity on PAN India level because of its quality manufacturing, appealing style, timely delivering and competitive pricing. In the initial year i.e 2021 company's sales were made in the Punjab state and gradually it has expanded its sales to other states namely, Delhi, Haryana, Karnataka, Kerala, Maharashtra, Punjab, Uttar Pradesh, West Bengal, Uttrakhand and Gujrat. Our company is having its registered office at HB.No. 65, Rahon Road Village, Khwajke, Ludhiana-141007. It covers an area of 2420 Sq. Yds approximately; our manufacturing facility is situated at same place where we are having our registered office. a