{"id":74665,"date":"2026-10-02T18:05:19","date_gmt":"2026-10-02T12:35:19","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2026\/10\/02\/black-opal-consultants-ipo-receives-strong-investor-interest-subscribed-68-71-times\/"},"modified":"2026-10-02T18:05:19","modified_gmt":"2026-10-02T12:35:19","slug":"black-opal-consultants-ipo-receives-strong-investor-interest-subscribed-68-71-times","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2026\/10\/02\/black-opal-consultants-ipo-receives-strong-investor-interest-subscribed-68-71-times\/","title":{"rendered":"Black Opal Consultants IPO Receives Strong Investor Interest, Subscribed 68.71 Times"},"content":{"rendered":"<div>\n<p class=\"wp-block-paragraph\"><em><strong>NII portion subscribed 92.30 times, followed by RII at 60.15 times and QIB at 59.77 times<\/strong><\/em><\/p>\n<p class=\"wp-block-paragraph\"><strong>New Delhi [India], October 2:<\/strong> <strong>Black Opal Consultants Limited\u2019s Initial Public Offering (IPO)<\/strong> received strong investor interest, with the issue being subscribed <strong>68.71 times<\/strong> at the close of the bidding process. The IPO received <strong>59,512 applications<\/strong>, reflecting participation across investor categories.<\/p>\n<p class=\"wp-block-paragraph\">The <strong>Non-Institutional Investor (NII)<\/strong> portion was subscribed <strong>92.30 times<\/strong>, while the <strong>Retail Individual Investor (RII)<\/strong> portion was subscribed <strong>60.15 times<\/strong> and the <strong>Qualified Institutional Buyer (QIB)<\/strong> portion was subscribed <strong>59.77 times<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">The IPO was offered in a <strong>price band of \u20b9185 to \u20b9197 per equity share<\/strong>, with a <strong>lot size of 600 equity shares<\/strong>. The issue size stood at <strong>\u20b955.08 crore<\/strong> at the upper end of the price band. The company\u2019s equity shares are proposed to be listed on the <strong>BSE SME platform<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Prasoon Chauhan, Promoter &amp; Managing Director, Black Opal Consultants Limited<\/strong>, said, <em>\u201cWe are grateful to investors for the participation received during the IPO. The response across investor categories marks an important milestone for Black Opal. We remain focused on executing our business strategy with discipline and building the company for the long term.\u201d<\/em><\/p>\n<p class=\"wp-block-paragraph\">Established in <strong>2020<\/strong>, Black Opal Consultants operates across <strong>real estate advisory, sales and distribution<\/strong>, alongside selective project-level participation. The company has built a network comprising <strong>25+ developers, 300+ broker partners and 2,200+ customers<\/strong>, and has facilitated real estate sales of <strong>more than \u20b94,000 crore since inception<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Khambatta Securities Limited<\/strong> is the Book Running Lead Manager to the issue and also serves as an Underwriter, with <strong>Share India<\/strong> also acting as an Underwriter. <strong>ORIN Connect<\/strong> is the Investor Relations and Public Relations Partner.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>NII portion subscribed 92.30 times, followed by RII at 60.15 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":74666,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-74665","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/74665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=74665"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/74665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/74666"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=74665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=74665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=74665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}