Equippp OFS 2024: Key Details on ₹27 Floor Price & Allocation
Equippp Social Impact Technologies Ltd., a leader in next-generation IT solutions, has announced an Offer for Sale (OFS) to divest up to 1,45,33,580 shares, presenting an excellent investment opportunity in a company renowned for its digital transformation initiatives and social impact solutions.
The OFS will span two trading days, allowing participation from both retail and non-retail investors.
Key Details of the Offer
- Symbol: EQUIPPP
- Floor Price: ₹27.00 per share
- Trading Window: NSE and BSE
- Base Offer Size: 1,45,33,580 shares
- Retail Offer Size: 14,53,358 shares (10% of the offer)
- Non-Retail Bidding Date: December 2, 2024
- Retail Bidding Date: December 3, 2024
- Trading Timings: 09:15 AM to 03:30 PM
Allocation Methodology
Retail Allocation (December 3, 2024):
- Who qualifies: Individual investors bidding for shares worth up to ₹2,00,000.
- Reserved Shares: 10% of the total offer size is earmarked for retail investors.
- Oversubscription Management:
- In case the bids exceed the reserved shares, allocation will be on a proportionate basis.
- Bids below the cut-off price will not be considered.
- Unsubscribed Shares: Any portion of the retail allocation that remains unallotted will be offered to non-retail investors who carried forward unallotted bids from the previous day.
Non-Retail Allocation (December 2, 2024):
- Who qualifies: Institutional investors and high-net-worth individuals (HNIs) bidding above the floor price.
Allocation Methodology
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- Non-retail investors’ bids at or above the floor price will be prioritised.
- A minimum of 25% of the total offer size is reserved for mutual funds and insurance companies. Any shortfall will be reallocated to other non-retail bidders.
- No single bidder, except mutual funds and insurance companies, can be allotted more than 25% of the offer.
About the company
Equippp Social Impact Technologies Ltd. began its journey in 1991 as Garden Style Private Limited. Over the decades, the company has rebranded and diversified to align with evolving market needs, culminating in its current name in 2021.
Business Focus:
- Core Areas: Digital transformation, machine learning, business intelligence, and IT consulting.
- Flagship Products:
- EquiPPP: A platform for public-private partnerships and social projects.
- EquiPPP 3.0: A Web 3.0 platform leveraging social impact tokens.
- EquiPPP M-PACT: A platform connecting the film industry with social causes.
- EquiPPP Consumer Insights Exchange: A collaboration platform for impact assessments and beneficiary feedback.
Headquartered in Hyderabad, the company boasts a global presence, with subsidiaries in Europe and Asia, offering cutting-edge solutions integrating technology and social responsibility.
