Black Opal IPO Subscription Day 3: Issue Subscribed 73.80x

Mumbai, October 1: Black Opal Consultants IPO was subscribed 73.80 times on the third and final day of bidding on Thursday, October 1, 2026. The issue received bids for 13,72,71,000 shares against 18,60,000 shares offered, according to subscription data as of 5:09:40 PM.

The NII category recorded the highest subscription at 124.29 times, receiving bids for 4,95,90,000 shares against 3,99,000 shares offered.

Within the NII segment, the bNII portion was subscribed 145.19 times, while the sNII portion was subscribed 82.56 times.

The QIB (Ex Anchor) portion was subscribed 59.77 times, with bids for 3,17,38,200 shares against 5,31,000 shares offered.

The individual investors’ portion was subscribed 60.15 times, receiving bids for 5,59,42,800 shares against 9,30,000 shares offered.

The IPO received a total of 59,685 applications as of the latest subscription update.

Black Opal IPO Subscription Status Day 3

Category	Subscription (x)	Shares Offered	Shares Bid For	Total Amount (₹ Cr.)
QIB (Ex Anchor)	59.77x	5,31,000	3,17,38,200	625.243
NII	124.29x	3,99,000	4,95,90,000	976.923
bNII (> ₹10L)	145.19x	2,65,800	3,85,92,600	760.274
sNII (< ₹10L)	82.56x	1,33,200	1,09,97,400	216.649
Individual Investors	60.15x	9,30,000	5,59,42,800	1,102.073
Total	73.80x	18,60,000	13,72,71,000	2,704.239

The anchor investors were allocated 7,96,200 shares, while the market maker portion stood at 1,39,800 shares.

Black Opal IPO Day-Wise Subscription Trend

Date	QIB (Ex Anchor)	NII	NII (> ₹10L)	NII (< ₹10L)	Individual Investors	Total
Sep 29 (Day 1)	0.48x	0.17x	0.21x	0.10x	0.39x	0.37x
Sep 30 (Day 2)	0.76x	1.03x	0.96x	1.17x	1.61x	1.24x
Oct 1 (Day 3)	59.77x	124.29x	145.19x	82.56x	60.15x	73.80x

Black Opal Consultants IPO Details

Black Opal Consultants IPO is a book-built issue of ₹55.08 crore. The issue comprises a fresh issue of 22.38 lakh shares aggregating to ₹44.09 crore and an offer for sale of 5.58 lakh shares aggregating to ₹10.99 crore.

The IPO had a price band of ₹185 to ₹197 per share, with a lot size of 600 shares. The minimum investment required by an individual investor was ₹2,36,400 for 1,200 shares at the upper end of the price band.

The IPO opened for subscription on September 29 and closed on October 1, 2026. The issue is scheduled to list on the BSE SME platform on October 7, 2026.

Black Opal IPO Issue Size

Particulars	Details
Total Issue Size	27,96,000 shares
Fresh Issue	20,98,200 shares
Offer for Sale	5,58,000 shares
Market Maker Reservation	1,39,800 shares
Issue Size	₹55.08 crore
Price Band	₹185 to ₹197
Face Value	₹10 per share
Lot Size	600 shares
Issue Type	Bookbuilding IPO
Sale Type	Fresh Capital cum OFS
Listing	BSE SME

Black Opal IPO Lot Size

Investors could bid for a minimum of 1,200 shares and in multiples of 600 shares thereafter.

Application	Lots	Shares	Amount
Individual Investors (Min)	2	1,200	₹2,36,400
Individual Investors (Max)	2	1,200	₹2,36,400
S-HNI (Min)	3	1,800	₹3,54,600
S-HNI (Max)	8	4,800	₹9,45,600
B-HNI (Min)	9	5,400	₹10,63,800

Black Opal IPO Allotment and Listing Date

The tentative allotment of Black Opal Consultants IPO is expected to be finalised on October 5, 2026. Refunds are scheduled for October 6, while shares are expected to be credited on the same day.

The IPO is scheduled to list on the BSE SME platform on October 7, 2026.

Event	Date
IPO Open	September 29, 2026
IPO Close	October 1, 2026
Allotment	October 5, 2026
Refund	October 6, 2026
Credit of Shares	October 6, 2026
Listing	October 7, 2026

About Black Opal Consultants Ltd.

Incorporated in 2020, Black Opal Consultants Limited works with real estate developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M to market and sell residential and commercial projects.

The company signs exclusive or semi-exclusive sales rights to market and sell specific units within a project in return for brokerage income. It also works with group entities, including Aurika Homes Private Limited, to market and sell Aurika Homes’ projects.

Conclusion

Black Opal Consultants IPO closed with an overall subscription of 73.80 times on Day 3. The NII category was subscribed 124.29 times, followed by the individual investor category at 60.15 times and QIB (Ex Anchor) at 59.77 times.

Source:

• https://www.bseindia.com/markets/publicissues/displayipo?id=4867&type=IPO&idtype=1&status=L&IPONo=8017&startdt=29%2F09%2F2026