String Metaverse's Soaring Success: A Milestone OFS Completion

String Metaverse Limited completed a successful Offer for Sale of equity shares, witnessing strong investor participation across non-retail and retail sectors. The company plans a bonus share issuance to reward public shareholders and align ownership with growth objectives, contingent on necessary approvals.

Mumbai, India – String Metaverse Limited announced today the triumphant completion of its Offer for Sale (OFS), marking a high demand from investors across various categories. The OFS saw notable enthusiasm, with a subscription of approximately 149% by non-retail investors on April 21, 2026, and a substantial 495% subscription by retail investors on April 22, 2026.

This overwhelming response reflects investor confidence in the company’s future growth and strategic plans. In light of reaching the Minimum Public Shareholding (MPS) requirements, the company now considers a bonus equity share issuance to enhance public participation and reward shareholder loyalty.

The company’s Board of Directors will deliberate on the bonus issuance proposal on April 29, 2026. With a focus on expanding public ownership, promoters may waive their bonus rights, supporting greater public shareholding. String Metaverse Limited remains committed to integrating innovative platforms in the Web3 and digital assets realm.