2 hrs ago
Black Opal Consultants IPO Draws Strong Investor Interest
Black Opal Consultants offered shares to the public through an IPO.
Investors showed strong interest in the offering.
Overall, they applied for many more shares than were available.
The IPO was subscribed 68.71 times.
Non-institutional investors showed the highest subscription level among the listed categories.
Each share was offered between ₹185 and ₹197.
The company received 59,512 applications.
Its shares are planned to be listed on the BSE SME platform.
Black Opal Consultants Limited’s IPO was subscribed 68.71 times at the close of bidding.
The offering received 59,512 applications across investor categories.
The Non-Institutional Investor portion was subscribed 92.30 times, followed by retail investors at 60.15 times and Qualified Institutional Buyers at 59.77 times.
The IPO was priced between ₹185 and ₹197 per share, with a lot size of 600 shares and an issue size of ₹55.08 crore at the upper price band.
The company’s shares are proposed to be listed on the BSE SME platform.
- Who
- Black Opal Consultants Limited and investors in its IPO.
- What
- The company’s IPO was subscribed 68.71 times, receiving 59,512 applications.
- Where
- New Delhi, India; the shares are proposed to be listed on the BSE SME platform.
- When
- October 2, at the close of the bidding process.
- Why
- Investors participated in the company’s public share offering, which was intended to raise ₹55.08 crore at the upper price band.
Key facts
- Overall subscription
- 68.71 times
- Applications received
- 59,512
- Price band
- ₹185–₹197 per equity share
- Lot size
- 600 equity shares
- Issue size
- ₹55.08 crore at the upper price band
- Proposed listing
- BSE SME platform
- Company established
- 2020
- Real estate sales facilitated
- More than ₹4,000 crore since inception
Quotes
Prasoon Chauhan
Promoter and Managing Director of Black Opal Consultants Limited
“We 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.”
theprint.in
Sources
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