StockWatch
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Paper & Paper Products
Corporate Action30 Oct 2026, 03:30 pm

String Metaverse Allots 1.67 Cr Equity Shares at ₹8.85

AI Summary

String Metaverse Limited has approved the allotment of 1,67,57,058 fully paid-up equity shares at an issue price of ₹8.85 per share, aggregating to ₹14,82,99,963.30 (₹14.83 Crore) on a preferential basis. This allotment follows approvals from the Board of Directors, BSE, and shareholders. The company's issued, subscribed, and paid-up equity share capital has increased accordingly. The newly allotted shares will rank pari passu with existing shares.

Key Highlights

  • Allotment of 1,67,57,058 equity shares at ₹8.85 each.
  • Total funds raised: ₹14,82,99,963.30 (₹14.83 Crore).
  • Shares allotted on a preferential basis to 14 investors.
  • Post-allotment, equity share capital increases.
  • New shares rank pari passu with existing equity shares.