Black Opal Consultants IPO subscribed 68.71 times, priced ₹185-₹197
Black Opal Consultants's IPO just wrapped up with a huge buzz: subscriptions hit 68.71 times the shares on offer.
Priced between ₹185 and ₹197 per share, the issue drew in 59,512 applications and the equity shares are proposed to be listed on the BSE SME platform.
Black Opal sees 92.3x noninstitutional demand
Investors of all stripes showed up: noninstitutional investors subscribed 92.3 times, retail investors went for 60.15 times, and even big institutions joined with 59.77 times subscription.
Prasoon Chauhan, Promoter & Managing Director, Black Opal Consultants Limited, said, "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."
If you're wondering who they are, Black Opal is a real estate advisory firm started in 2020, already handling sales above ₹4,000 crore with help from dozens of developers and hundreds of brokers.