Black Opal Consultants SME IPO Subscription
ListedUpdated 7 October 2026, 9:15 AM IST· BSE SME
Black Opal Consultants SME IPO subscription closed on 1 October 2026 at 73.88x overall by shares. QIB demand came in at 59.70x, NII at 124.82x, and retail at 60.15x. See Retail, SHNI, and BHNI allotment chances in the…
Black Opal Consultants SME IPO subscription closed on 1 October 2026 at 73.88x overall by shares. QIB demand came in at 59.70x, NII at 124.82x, and retail at 60.15x. See Retail, SHNI, and BHNI allotment chances in the table below.
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Allotment date is 5 October 2026. Listing date on NSE and BSE is 7 October 2026.
Black Opal Consultants SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 29 Sept 2026 | 0.48x | 0.17x | 0.39x | 0.37x |
| Day 2 - 30 Sept 2026 | 0.76x | 1.03x | 1.61x | 1.24x |
| Day 3 - 1 Oct 2026 | 59.77x | 124.29x | 60.15x | 73.80x |
Black Opal Consultants SME IPO Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Black Opal Consultants SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 60.15x | 1 in 60 |
| SHNI (Rs 2L to Rs 10L) | 77.91x | 1 in 78 |
| BHNI (above Rs 10L) | 48.18x | 1 in 48 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Black Opal Consultants SME IPO Allotment Status page from 5 October 2026 for your result.
Black Opal Consultants SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 197.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 10.47 Cr | Rs 625.24 Cr | 59.70x |
| FII | - | Rs 111.51 Cr | - |
| DFI | - | Rs 36.63 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 477.10 Cr | - |
| NII | Rs 7.85 Cr | Rs 979.68 Cr | 124.82x |
| bNII (above Rs 10L) | Rs 5.23 Cr | Rs 763.03 Cr | 145.83x |
| Corporate | - | Rs 14.50 Cr | - |
| Individual | - | Rs 729.75 Cr | - |
| Other | - | Rs 18.77 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 2.62 Cr | Rs 216.65 Cr | 82.81x |
| Corporate | - | Rs 6.86 Cr | - |
| Individual | - | Rs 204.44 Cr | - |
| Other | - | Rs 5.35 Cr | - |
| IND | Rs 18.32 Cr | Rs 1,102.07 Cr | 60.15x |
| Fixed price | - | Rs 1,102.07 Cr | - |
| Total | Rs 36.64 Cr | Rs 2,706.99 Cr | 73.88x |
Black Opal Consultants SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 886 | 46 | 0.05x |
| FII | - | 10 | - |
| DFI | - | 2 | - |
| Mutual Funds | - | - | - |
| Other | - | 34 | - |
| NII | 221 | 12,847 | 58.13x |
| bNII (above Rs 10L) | 147 | 7,082 | 48.18x |
| Corporate | - | 109 | - |
| Individual | - | 6,797 | - |
| Other | - | 176 | - |
| sNII (Rs 2L to Rs 10L) | 74 | 5,765 | 77.91x |
| Corporate | - | 186 | - |
| Individual | - | 5,439 | - |
| Other | - | 140 | - |
| IND | 775 | 46,619 | 60.15x |
| Fixed price | - | 46,619 | - |
| Total | 1,882 | 59,512 | 31.62x |
What Do These Subscription Numbers Mean?
73.88x overall by shares means bids covered about 74 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 59.70x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (58.13x by applications). Split: SHNI 77.91x, BHNI 48.18x by applications. SHNI and BHNI allotment is by lottery.
At 60.15x subscription by applications, about 1 in 60 retail applicants may get allotment (~2% chance per application). Retail allotment is also by lottery.
Black Opal Consultants SME IPO GMP After Subscription
GMP for Black Opal Consultants SME stands at Rs 9.00 today, giving an estimated listing price of Rs 206.00 per share.
A subscription of 73.88x combined with a GMP of 4.57% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Black Opal Consultants SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Black Opal Consultants SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 29 September 2026 |
| IPO Close Date | 1 October 2026 |
| Allotment Date | 5 October 2026 |
| Refund Initiation | 6 October 2026 |
| Share Credit to Demat | 6 October 2026 |
| Listing Date | 7 October 2026 |
| Minimum Investment | Rs 2,36,400.00 |
| Lot Size | 600 shares |
About Black Opal Consultants SME
Incorporated in 2020, Black Opal Consultants Limited provides comprehensive real estate marketing, sales advisory, and transaction facilitation services. The company partners with established real estate developers—including Gaursons, SKA Group, Shapoorji Pallonji, Max Estates, and M3M—securing exclusive and semi-exclusive mandates to market and underwrite project inventories in exchange for brokerage commissions. It also operates a developer and buyer loan syndication service and has recently diversified into real estate development through its Group Entities, notably developing project 'Veda' in Ayodhya, Uttar Pradesh, a commercial and hospitality property operated in tie-up with Best Western Hotels.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Black Opal Consultants SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Black Opal Consultants SME Details
Issue size, price, financials, and company info
Black Opal Consultants SME GMP
Live grey market premium and listing estimate
Black Opal Consultants SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Black Opal Consultants SME Allotment
Allotment date, chances, and check by PAN
Black Opal Consultants SME Review
SWOT, strengths, risks, and IPO review
Black Opal Consultants SME FAQ
Common questions on dates, GMP, and allotment
Black Opal Consultants SME Registrar
Registrar website and how to check allotment
Black Opal Consultants SME Timeline
Open, close, allotment, and listing dates
Black Opal Consultants SME News
Updates, blogs, and latest IPO news
Black Opal Consultants SME IPO Subscription FAQs
What is Black Opal Consultants SME IPO subscription status today?
Black Opal Consultants SME IPO subscription closed on 1 October 2026 with overall subscription of 73.88x (by shares) as of 10 October 2026, 12:32 AM IST. QIB 59.70x, NII 58.13x, IND 60.15x.
What is the overall subscription of Black Opal Consultants SME IPO?
Black Opal Consultants SME IPO is subscribed 73.88x overall by shares at close on 1 October 2026. QIB 59.70x, NII 58.13x, and IND 60.15x.
What is Black Opal Consultants SME IPO QIB subscription?
Black Opal Consultants SME IPO QIB (Qualified Institutional Buyers) subscription is 59.70x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Black Opal Consultants SME IPO IND subscription?
Black Opal Consultants SME IPO IND subscription is 60.15x by applications. Retail bids are up to Rs 2 lakh per PAN.
What is Black Opal Consultants SME IPO NII, SHNI, and BHNI subscription?
Black Opal Consultants SME IPO NII subscription is 58.13x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 77.91x and BHNI (above Rs 10L) at 48.18x.
What are Black Opal Consultants SME IPO retail allotment chances?
At 60.15x subscription by applications, about 1 in 60 retail applicants may get allotment (~2% chance per application). Allotment is by lottery.
What are Black Opal Consultants SME IPO SHNI allotment chances?
At 77.91x subscription by applications, about 1 in 78 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 82.81x. Allotment chances use applications, not share volume.
What are Black Opal Consultants SME IPO BHNI allotment chances?
At 48.18x subscription by applications, about 1 in 48 BHNI applicants may get allotment (~2% chance per application). Allotment is by lottery. Share subscription was 145.83x. Allotment chances use applications, not share volume.
When is Black Opal Consultants SME IPO allotment date?
Black Opal Consultants SME IPO allotment date is 5 October 2026. Check Black Opal Consultants SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Black Opal Consultants SME IPO subscription close?
Black Opal Consultants SME IPO subscription closed on 1 October 2026. No new applications are accepted after the close.
What is Black Opal Consultants SME IPO GMP today?
Black Opal Consultants SME IPO GMP is ₹9 today (+4.57% over issue price ₹197). See live GMP on the Black Opal Consultants SME IPO GMP Today page.
What is Black Opal Consultants SME IPO issue price and lot size?
Black Opal Consultants SME IPO issue price is ₹197 per share. Lot size is 600 shares. Minimum investment is ₹2,36,400 per lot (minimum 2 lots for SME). Issue size: ₹55.08 Cr.
When is Black Opal Consultants SME IPO listing date?
Black Opal Consultants SME IPO listing date is 7 October 2026 on NSE and BSE. Allotment is on 5 October 2026.
How does subscription affect Black Opal Consultants SME IPO allotment?
In Black Opal Consultants SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. At 73.88x overall, competition is very high.
For allotment results from 5 October 2026, visit the Black Opal Consultants SME IPO Allotment Status page. For listing day updates on 7 October 2026, download the IPOwiz App.
Sources
We match Black Opal Consultants SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.