Black Opal Consultants IPO Subscription Status
Final figures at close of bidding: 7 Oct 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 59.77x |
| NII | 124.29x |
| sNII (₹2L–₹10L) | 82.56x |
| bNII (above ₹10L) | 145.19x |
| Retail (RII) | 60.15x |
| Total | 73.8x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0.48x | 0.1x | 0.21x | 0.39x | 0.37x |
| Day 2 | 0.76x | 1.17x | 0.96x | 1.61x | 1.24x |
| Day 3 | 59.77x | 82.56x | 145.19x | 60.15x | 73.8x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Bidding in the Black Opal Consultants IPO ran across 3 recorded days: overall subscription stood at 0.37× at the close of day 1, read 1.24× at the end of day 2, and finished at 73.8× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 124.29× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 1.24× to 73.8×.
Category detail
Institutional demand closed at 59.77× of the QIB quota. Non-institutional investors came in at 124.29×, split 82.56× in the small-NII bucket (bids under ₹10 lakh) and 145.19× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 60.15× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 124.29× and qualified institutional buyers (QIB) at the bottom at 59.77×.
What the multiple means for allotment
A retail multiple of 60.15× means bids in the category outnumbered the shares set aside for it roughly 60.15 times over. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 600 shares — ₹1,18,200 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Black Opal Consultants IPO open and close?
- The Black Opal Consultants IPO opens on 29 Sept 2026 and closes on 1 Oct 2026.
- How many times was the Black Opal Consultants IPO subscribed?
- The Black Opal Consultants IPO was subscribed 73.8 times in total across all investor categories.
- What is the reservation split in the Black Opal Consultants IPO?
- Of the total shares offered, retail investors get 35.01%, QIBs 19.99% (plus 29.98% anchor), non-institutional investors 15.02%.