Black Opal Consultants Shares Hit Upper Circuit After BSE SME Debut
Mumbai/New Delhi, October 7, 2026: Shares of Black Opal Consultants Limited surged to hit the upper circuit at Rs 210 following their debut on the BSE SME platform on Wednesday, according to a press release issued by the company. At Rs 210, the stock traded 6.60 percent higher than its initial public offering (IPO) issue price of Rs 197.
The shares opened trading at Rs 200, delivering a 1.52 percent premium over the issue price, before climbing higher during the trading session.
The company’s Rs 55.08 crore IPO comprised a fresh issue of 22.38 lakh shares totaling Rs 44.09 crore and an offer for sale of 5.58 lakh shares totaling Rs 10.99 crore. The offer opened for subscription on September 29 and closed on October 1, with a price band set between Rs 185 and Rs 197 per share. The final issue price was fixed at Rs 197 per share, with a lot size of 600 shares.
The public offer witnessed robust investor demand, achieving an overall subscription of 68.71 times across 59,512 applications by the close of the bidding process. The Non-Institutional Investor category was subscribed 92.30 times, while the Retail Individual Investor segment stood at 60.15 times and the Qualified Institutional Buyer portion reached 59.77 times.
Commenting on the listing, Prasoon Chauhan, Promoter and Managing Director of Black Opal Consultants Limited, said, “The successful listing marks an important milestone for Black Opal and reflects the confidence placed in the company by investors. We are grateful for the strong participation in our IPO and remain focused on disciplined execution, strengthening our platform and creating sustainable long-term value.”
Established in 2020, Black Opal operates an integrated real estate solutions platform connecting property developers with buyers and investors. The firm has collaborated with over 25 developers and 300 broker partners, serving more than 2,200 customers and facilitating aggregate real estate sales exceeding Rs 4,000 crore since inception.
Khambatta Securities Limited served as the Book Running Lead Manager and Underwriter to the issue, alongside Share India as an Underwriter.
