Allotment of Equity Shares Pursuant to Rights Issue.
Price
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String Metaverse Limited has completed its rights issue, allotting 94,71,445 fully paid-up equity shares at ₹52 per share (face value ₹10, premium of ₹42). The total issue size was up to ₹49.25 crore, and the record date for eligible shareholders was April 4, 2025. Following this allotment, the company's paid-up equity capital has risen from ₹106.96 crore (10.69 crore shares) to ₹116.43 crore (11.64 crore shares). The Rights Issue Committee approved the allotment on May 5, 2025, after finalising the basis of allotment with BSE.
Existing shareholders' holdings are diluted by approximately 8.85% due to the new share issuance. The capital infusion of up to ₹49.25 crore will strengthen the company's balance sheet, but per-share metrics like earnings per share and net asset value per share will be adjusted downward proportionally.