String Metaverse allots bonus shares to public to meet 25% MPS norm

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

+4.9%Reaction day

₹7.70

prior close

₹8.08

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+4.1% vs market

IT Enabled Services peers, median of 72sector+0.7%+4.2% vs sector

On the reaction day the stock moved 4.1 pts more than Nifty Microcap 250 and 4.2 pts more 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

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Sessions after the filingfrom the prior close

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Reaction day

+4.9+0.8+4.1+0.7+4.2

Next day

+4.7+0.1+4.5-0.9+5.6

+0.8+0.0+0.7-0.3+1.1

+0.3-0.6+0.8-1.5+1.8

-1.6-0.9-0.7-2.8+1.2

-2.7+0.2-2.9-1.9-0.8

-3.8+1.2-5.0-1.0-2.7

15d

-14.3+0.7-15.0-2.6-11.7

-16.9-0.4-16.4-4.9-12.0

-0.5+5.2-5.7-5.1+4.6

+9.1+5.4+3.7-4.9+14.0

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

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

AI summary

String Metaverse (formerly Bio Green Papers) allotted 5.55 crore bonus equity shares of Re.1 each to public shareholders in ratio 2:9 (2 bonus for every 9 held). Record date was June 19, 2026. Promoters waived their entitlement. Public shareholding rose from 21.48% to 25.06%, meeting the 25% Minimum Public Shareholding requirement under SEBI rules. Total shares now stand at 12.19 crore.

Likely market impact

Removes MPS compliance overhang; public holding now at 25.06%. Bonus is mildly dilutive but boosts float and liquidity.