- The company is loss-making and has filed for bankruptcy.
- Its 52-week high was ₹194.50.
- It is an agri-biotech company that initiates projects based on innovative solutions for socio-economic problems.
Agri biotechnology firm Equipp Social Impact Technologies Limited’s stock has given multi-bagger returns in the last year. In January 2021, the stock was trading at ₹1 levels and currently, it is trading at ₹70 levels. On Friday morning, the stock is trading 6.60% higher at ₹71.85
Interestingly, this is not the highest level that the stock has been. It had soared to ₹194.50 levels in October 2021.
Earlier, the company was known as Proseed India. EquiPPP is a collaborative platform that vitalizes crowd participation in Public-Private Projects, hence PPP.
It initiates projects based on innovative solutions for socio-economic problems and works with individuals, organizations and the government.
Some of the projects in its ecosystem include power, healthcare, roads and bridges, justice, technology, education, agriculture, farming, waste management, water and sanitation. It has covered 30 geographies until now.
The company is a loss-making one and has clocked zero sales in the last 12 months. Its losses have widened from 0.09 crores in December 2020 to 0.26 crores in December 2021.
The company has gone through the corporate insolvency process (CIRP) under the Insolvency and Bankruptcy Code. Thereafter, the NCLT (National Company Law Tribunal) approved its resolution plan on December 3rd, 2021.
