String Metaverse completed a two‑day Offer for Sale, with retail investors subscribing about 495% and non‑retail about 149%.
The strong retail demand will bring the company into compliance with Minimum Public Shareholding requirements under applicable regulations.
Board will meet on April 29 to consider a bonus share issue, potentially with promoters renouncing their entitlement to boost public holding.
The proposed bonus aims to reward public shareholders, enhance market liquidity, and align ownership with long‑term growth objectives.