String Metaverse Completes Rs 14.83 Crore Preferential Allotment

String Metaverse Ltd has allotted 1,67,57,058 equity shares at Rs 8.85 per share to 14 non-promoter allottees.
This transaction results in a total capital infusion of Rs 14,82,99,963.30 into the company.

Reader Takeaway: The capital infusion strengthens the balance sheet, though it dilutes existing shareholder stakes via new share issuance.

What just happened

On October 30, 2026, the Preferential Issue Committee of String Metaverse Ltd formalized the allotment of 1,67,57,058 equity shares. The issue price of Rs 8.85 per share includes a face value of Rs 1 and a securities premium of Rs 7.85 per share. The process was completed following necessary board, regulatory, and shareholder approvals, including an EGM resolution passed on October 15, 2026.

Why this matters

The infusion of approximately Rs 14.83 crore provides the company with additional liquid capital to support operations and strategic growth. Investors should watch for the company's upcoming disclosures regarding the specific allocation of these funds, as the success of this capital raise will be measured by its impact on future operational performance and expansion.

Share Capital Impact

The company's total issued, subscribed, and paid-up equity share capital has increased from 121,99,09,771 shares to 123,66,66,829 shares. The newly issued shares are fully paid-up and carry the same rights, including voting and dividend entitlements, as the existing shares.

Risks to watch

The primary impact for existing retail investors is the dilution of their percentage holding in the company. As the share base expands, future earnings per share (EPS) will be calculated over a larger number of shares, which could impact valuation ratios if the company does not show proportionate growth in profitability.