Bio Green Papers Rights Issue dates 21 – 28 April 2025.
String Metaverse, a brand name of Bio Green Papers, was acquired through the merger of String Metaverse Limited vide NCLT Order dated 28th May 2024. Currently, String Metaverse is a pioneering Web 3.0 enterprise. The organization is dedicated to integrating Finance, Games, and Communities (collectively referred to as the Metaverse) into the Web3 ecosystem.
String Metaverse operates across four primary domains, each strategically designed to harness the latest technological advancements and foster innovation within the decentralized economy. These domains encompass eSports, Blockchain Games, Digital Asset Advisory, and the Agent Economy, incorporating artificial intelligence (AI) integration. Each area plays a distinct role in contributing to the platform’s holistic ecosystem, allowing it to serve a wide array of audiences and market segments effectively.
Promoters of Bio Green Papers – Mr. Krishna Mohan Meenavalli
Table of Contents
Bio Green Papers Rights Issue Details
| Bio Green Papers Rights Issue Date | 21 – 28 April 2025 |
| Bio Green Papers Rights Issue Price | INR 52 per shsre |
| Issue Size (in Shares) | 94,71,445 shares |
| Issue Size (in INR) | INR 49.25 crore |
| Issue Entitlement | 67 equity shares for every 83 equity shares held on record date |
| Terms of Payment | Fully payable at the time of application |
| Bio Green Papers Rights Issue Record Date | 4 April 2025 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Bio Green Papers Rights Issue Calculation
| Bio Green Papers Rights Issue Price | INR 52 per share |
| Market Price on Rights Issue Approval | INR 86.43 per share |
| Dilution Factor (X) | 1.81 |
| Fair Value After Dilution at Prevailing Price | INR 71.05 per share |
Bio Green Papers Financial Performance
| FY 2024 | |
| Revenue | 151.0 |
| Expenses | 138.0 |
| Operating Margin (%) | 13.0 |
| Net Income | 10.82 |
| ROCE (%) | 15.0 |
Bio Green Papers Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Capital Expenditure in the form of Investments in overseas subsidiaries
- General corporate purposes
Bio Green Papers Rights Offer Documents
- Bio Green Papers Rights Issue Application Form
- Bio Green Papers Letter of Offer
- Board Meeting Outcome
- Bio Green Papers Draft Letter of Offer
- Rights Issue in 2024
Bio Green Papers Rights Issue Dates
| Rights Issue Approval Date | 15 March 2025 |
| Rights Issue Record Date | 4 April 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 21 April 2025 |
| Last Date for Market Renunciation | 22 April 2025 |
| Rights Issue Closing Date | 28 April 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Bio Green Papers Rights Offer Lead Manager
AARYAVART ADVISORS LLP
#201, Devi Courtyard, Timberlake Colony,
Raidurgam, Gachibowli, Hyderabad -500032, Telangana
Phone: +91 7416677761
Email: secretarial@aaryavartadivosrs.com
Website: www.aaryavartadvisors.com
Bio Green Papers Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: shriya.motiwale@linkintime.co.in
Website: www.linkintime.co.in
Bio Green Papers Contact Details
BIO GREEN PAPERS LIMITED
Sy. No. 66/2, Street No. 03, 2nd Floor,
Rai Durgam, Prashanth Hills, Nav Khalsa,
Gachi Bowli, Hyderabad, Telangana, India, 500008
Phone: +91-40-29390760
Email: cs@stringmetaverse.com
Website: www.stringmetaverse.com
Bio Green Papers Rights Offer FAQs
What is the Bio Green Papers Rights Issue Price?
The issue price is INR 52 per share.
What is the Bio Green Papers Rights Issue entitlement ratio?
The eligible shareholders are offered 67 Equity Shares for every 83 Equity Shares held on the record date.
What is the Bio Green Papers Rights Issue Record Date?
The Record date is 4 April 2025.
How to Apply in Bio Green Papers Rights Offer?
The best way to apply in Bio Green Papers Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.