String Metaverse Ltd

String Metaverse Ltd. Announces OFS: 3.81M Shares Up for Sale 📉

- OFS sale of 3,810,000 equity shares (3.27% of total paid-up capital) via BSE

- Floor price set at ₹66 per share

- Sale dates: April 21, 2026 (non-retail investors) and April 22, 2026 (retail investors)

- Minimum 10% of shares reserved for retail investors (bids ≤₹200,000)

- 25% of shares reserved for mutual funds and insurance companies

- Promoter shareholding to decrease from 81.79% to 78.52% post-OFS

- Current public shareholding stands at 21.48% after OFS

- Sellers include Spacenet Enterprises India Ltd. (3M shares), Y. Venkata Subba Rao (500k shares), Lanka Divyabharathi (210k shares), and Pendurthi Annapurna (100k shares)