Penny Stock Below Rs 11 Announces First-Ever Bonus Issue: Revenue Crosses Rs 1,000 Crore; Plans 100 MW AI Data Centre

The Indian equity markets were seen trading in green on Tuesday, June 9 with the broader market indices outperforming the frontline indices. As a result, stock specific action continues on D-Street. There is one stock which has caught attention a penny stock trading below Rs 11. The stock name is String Metaverse.

Bonus Shares and Record Date

String Metaverse share price has hit an Upper Circuit on Tuesday, June 9 of 5% and is seen trading at Rs 10.81 per share on BSE. The stock is in limelight as the record date for the first-ever bonus issue announced by the company. The company has announced bonus shares of 2:9 and record date is fixed as of June 19, 2026.

String Metaverse FY26 Result; Revenue Crosses Rs 1,000 Crore Mark

For FY26, the company reported revenue of Rs 1,076.55 crore, compared with Rs 408.22 crore in FY25, marking YoY growth of 163.72 per cent. Net profit rose sharply to Rs 102.53 crore from Rs 35.24 crore in the previous year, reflecting YoY growth of 190.89 per cent.

Q4 FY26 Emerges as the Strongest Quarter

The fourth quarter was the strongest quarter on record for the company. In Q4 FY26, String Metaverse reported revenue of Rs 365.42 crore and PAT of Rs 34.71 crore. This helped the company close FY26 with full-year revenue above Rs 1,000 crore and PAT above Rs 100 crore.

Growing Web3 Ecosystem

String Metaverse is positioning itself as a financial operating system for the on-chain economy. Its focus areas include gaming attention, tokenized real-world assets, Web3 and blockchain infrastructure, high-frequency trading and global payment rails.

The company has crossed more than 5 million users across its ecosystem. Its presentation also highlights 5.2 million active users, giving the company a sizeable distribution base in a segment where customer acquisition can be expensive. The company claims its customer acquisition cost is around USD 5, compared with the Web3 industry average of USD 15–50.

This user base is important because String Metaverse’s strategy is built around converting digital engagement into transaction-led monetisation. The company is targeting gamers, creators, influencers and streamers, a segment where online interaction, digital assets and payments can create multiple revenue streams.

On-Chain Volumes and Tokenized Assets

The company has also reported traction in tokenized assets. Cumulative on-chain volume across all IDLE tokenized asset pairs has crossed USD 220 Million.

String Metaverse has also highlighted sustained daily trading activity across its IDLE pools, with average daily volume in the range of USD 1.2–1.3 million. This indicates that its on-chain model is not only live but also seeing recurring activity.

One of its products, Idle Walk, is a walk-to-earn mobile game that rewards users with IDLE tokens for completing daily step goals. The monetisation model includes in-app boosters and a monthly Idle Pass subscription, giving the company a route to earn from both user activity and premium participation.

Payments and Real-World Use Cases

A key opportunity for String Metaverse lies in bridging Web3 assets with everyday financial usage. Through String Pay X, the company has introduced a virtual crypto-backed debit card in partnership with Visa, with access across more than 150 countries.

The product is aimed at solving a common gap in crypto adoption: users may hold digital assets, but daily payment usage remains limited. String Pay X is designed to offer crypto and stablecoin spending, multi-currency IBANs and direct spending power across fiat and crypto.

The company has also stated that 5.2 million confirmed users are waiting for Q3 2026 activation, which could act as an important trigger if execution remains on track.

Bills on Chain and Hedera Partnership

Another important development is the company’s Bills on Chain initiative in partnership with Hedera Blockchain. The platform aims to tokenize everyday bills on-chain.

The process includes uploading a bill or receipt, AI-based verification using OCR and machine learning, token rewards into the user wallet and anchoring of a zero-knowledge hash on Hedera. The company has already verified more than 100,000 bills under this initiative.

This opens a potential use case beyond trading and gaming, as everyday bills and receipts can become part of a tokenized digital record.

AI Infrastructure Opportunity

String Metaverse is also planning a 100 MW AI data centre. The company says dedicated compute capacity can help it scale independently, control costs and participate in the infrastructure layer supporting gaming, artificial intelligence and digital advisory services.

With AI compute demand rising globally, this could become a meaningful opportunity. However, this is still a planned capacity, so execution, funding, timelines and utilisation will be key factors to watch.

Disclaimer: The article is for informational purposes only and not investment advice.