{
  "id": 12105900,
  "title": "Black Opal Consultants IPO subscribed 69 times",
  "url": "https://urgent.news/2026/10/05/black-opal-consultants-ipo-subscribed-69-times",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T07:49:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/black-opal-consultants-ipo-subscribed-69-times/article71546282.ece"
  },
  "original_language": "en",
  "account": "Black Opal Consultants' initial public offering saw robust investor appetite, with the issue being subscribed an impressive 69 times upon conclusion of bidding. The IPO attracted 59,512 applications, representing involvement from various investor segments. The Non-Institutional Investor segment received 92.30 times subscription, the Retail Individual Investor portion 60.15 times, and the Qualified Institutional Buyer segment 59.77 times. The IPO was offered within a price range of ₹185 to ₹197 per equity share, with a lot size of 600 shares. The total issue size amounted to ₹55 crore. The company intends to list its equity shares on the BSE SME platform. Prasoon Chauhan, Black Opal Consultants' Promoter & Managing Director, expressed his satisfaction with investor response and reaffirmed the company's commitment to executing its business strategy with a long-term vision. Founded in 2020, Black Opal Consultants offers services in real estate advisory, sales, distribution, and selective project-level participation. The firm has established a vast network of over 25 developers, 300 broker partners, and 2,200 customers, facilitating real estate sales worth more than ₹4,000 crore since its inception. Khambatta Securities acted as the Book Running Lead Manager and underwriter, while ORIN Connect handled investor relations and public relations.",
  "summary": "The IPO was offered in a price band of ₹185 to ₹197 per equity share, with a lot size of 600 equity shares",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}