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  3. Penny stock continues hitting upper circuit after 1:10 stock split, OFS, bonus issue announcement
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India IPO
  • 27 Apr 2026
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 Penny stock continues hitting upper circuit after 1:10 stock split, OFS, bonus issue announcement

String Metaverse last week announced the successful completion of its offer for sale (OFS) of equity shares. The company also executed a stock split during the same period. It’s board of directors will also consider a bonus issue of shares on April 29.

Penny stock continues hitting upper circuit after 1:10 stock split, OFS, bonus issue announcement

Ankit Gohel

Ankit Gohel is the Deputy Chief Content Producer at Livemint, specialising in financial markets, macroeconomics, and regulatory developments. With a strong focus on equity markets, primary issuances, and policy-driven market movements, he brings clarity to complex financial developments for investors and market participants. With nine years of experience in business and financial journalism, Ankit’s approach is rooted in the belief that market reporting should go beyond headlines — connecting data, policy, and ground realities to deliver actionable insights. His work consistently bridges the gap between institutional analysis and investor understanding. Ankit has spent three years at Livemint, where he currently helps drive market coverage, editorial strategy, and high-impact financial stories. Prior to this, he worked with leading business news networks such as CNBC-TV18, ET Now, TickerPlant News Service where he built deep expertise in stock market analysis, macroeconomic trends, primary markets, and coverage of key regulators including the RBI and SEBI. Over the years, he has covered market cycles across bull and bear phases, IPO booms, liquidity shocks, and major policy shifts that reshaped investor sentiment. He has interviewed fund managers, corporate leaders, and policymakers, translating their perspectives into sharp, data-backed narratives. Ankit combines speed with accuracy — ensuring timely, credible, and insight-driven financial journalism that empowers both retail and institutional audiences.

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