Black Opal Consultants Ltd. has opened its SME IPO for subscription on September 29. The issue carries a price band of Rs.185–197 per share and is scheduled to remain open until October 1. The total issue size is around Rs.55.08 crore, with the shares proposed to be listed on BSE SME.
The issue comprises a fresh issue and an offer for sale. According to the IPO details, proceeds are intended partly for securing sales and marketing mandates and investment in Aurika Developers LLP for financing its Ayodhya project, along with general corporate purposes.
