ListedSMEConstruction - Real EstateBLACKOPAL

Black Opal Consultants IPO

Black Opal Consultants IPO is an SME IPO raising ₹55 Cr at ₹185 – ₹197 a share. It listed on 7 Oct 2026 at ₹200, +1.5% against its issue price of ₹197, and trades at ₹132 today (−32.8% since issue). It was subscribed 69× in total.

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₹197

Issue price

₹132

Price now

−32.8%

Since issue price

7 Oct 2026

Listed on

69×Subscribed (final) · all exchanges

68.7 times more demand than shares on offer

populated partly populated we hold nothing here — the tab says why

Who bid for it

Investor category	Shares offered	Shares bid for	Subscribed
QIB Banks, funds and other large institutions	5,31,000	3,17,38,200	60×
Others	no separate quota	2,42,18,400	n/a
Foreign Institutional Investors	no separate quota	56,60,400	n/a
Domestic Financial Institutions	no separate quota	18,59,400	n/a
Mutual Funds	no separate quota	—	n/a
Non-institutional Wealthy individuals and companies bidding above ₹2 lakh	5,38,800	4,97,29,800	92×
Corporates	no separate quota	10,84,200	n/a
Individuals	no separate quota	4,74,21,000	n/a
Others	no separate quota	12,24,600	n/a
Retail Ordinary investors bidding up to ₹2 lakh	9,30,000	5,59,42,800	60×
Cut Off	no separate quota	—	n/a
Price Bids	no separate quota	5,59,42,800	n/a
Employee Reserved	no separate quota	0	n/a
Employee	no separate quota	—	n/a
Employee	no separate quota	—	n/a
Reservation PortionShareholder	no separate quota	0	n/a
RPS	no separate quota	—	n/a
RPS	no separate quota	—	n/a
Total	19,99,800	13,74,10,800	69×

Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 2 Oct, 08:15 am IST.

How demand built

Our own series — the exchanges publish a running total and never a history.21 readings held.

29 Sept, 11:15 am0.00×

29 Sept, 12:15 pm0.04×

29 Sept, 01:15 pm0.06×

29 Sept, 02:43 pm0.30×

29 Sept, 03:06 pm0.32×

29 Sept, 04:06 pm0.35×

29 Sept, 05:06 pm0.43×

30 Sept, 11:15 am0.57×

30 Sept, 12:26 pm0.70×

30 Sept, 01:26 pm0.82×

30 Sept, 02:26 pm1.02×

30 Sept, 03:26 pm1.18×

30 Sept, 04:26 pm1.35×

30 Sept, 05:26 pm1.54×

1 Oct, 11:15 am6.25×

1 Oct, 12:15 pm11×

1 Oct, 01:15 pm22×

1 Oct, 02:15 pm32×

1 Oct, 03:15 pm47×

1 Oct, 04:15 pm84×

1 Oct, 05:15 pm85×

Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.