Board approves preferential issue of 8.32 crore shares at Rs 8.85

Fund Raising View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.0%Reaction day

₹8.01

prior close

₹7.61

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%-5.8% vs market

IT Enabled Services peers, median of 78sector+0.8%-5.8% vs sector

On the reaction day the stock moved 5.8 pts less than Nifty Microcap 250 and 5.8 pts less than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.1

10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.0+0.8-5.8+0.8-5.8

Next day

+0.1+2.5-2.3+0.9-0.8

+5.1+2.3+2.8+1.0+4.1

+4.9+2.8+2.1+1.4+3.5

+1.7+4.1-2.3+2.0-0.3

+0.9+2.5-1.7+1.0-0.1

-3.1+1.2-4.3-0.1-3.0

15d

-13.9-0.8-13.1-2.5-11.4

-14.0-1.7-12.3-2.2-11.7

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 78Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board of String Metaverse approved preferential issue of 8,32,03,383 equity shares at Rs 8.85 per share (face value Rs 1), raising about Rs 73.63 crore from 21 non-promoter investors. Largest allotment to Altius Global Finance (5.42 crore shares). Subject to shareholder approval at EGM on October 15, 2026.

Likely market impact

Dilution risk for existing shareholders as 8.32 crore new shares will be issued. EGM approval pending.