Black Opal raises $1.6M anchor round ahead of BSE SME listing
What's the deal? Black Opal ConsultantsDealroom has a profile for this one. Try Dealroom →, a Delhi-NCR real estate platform, raised US$2.13M from seven anchor investors ahead of its IPO, which opened on September 29, 2026. It allotted 796,200 shares at US$2.68 apiece — the upper end of its price band.
The mechanics: The public issue comprises 2,796,000 equity shares priced between US$2.51 and US$2.68, with a lot size of 600 shares. The offer stays open until October 1, 2026, and the shares are set to list on the BSE SMEDealroom has a profile for this one. Try Dealroom → platform.
Who's backing it? The anchor allocation drew Venus Investments VCC — Venus Stellar Fund, Longthrive Capital VCC — Trendview Capital FundDealroom has a profile for this one. Try Dealroom →, Radiant Global Fund — Class B Participating SharesDealroom has a profile for this one. Try Dealroom →, Uni Growth Fund, Securocrop Bharat Amritkaal Fund I, PESB Alpha Fund, and Algoquant Global Opportunities FundDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Black Opal runs real estate advisory, sales, and distribution, alongside selective project-level participation. It has built a network of 25-plus developers, 300-plus broker partners, and 2,200-plus customers, facilitating sales of more than US$543.2M since inception.
Why now? "The anchor allocation marks an important step ahead of the opening of our public issue," said promoter and managing director Prasoon Chauhan, adding that the company is focused on building the platform "with a long-term approach to the business."
Who's running it? Khambatta SecuritiesDealroom has a profile for this one. Try Dealroom → is the book running lead manager, with Share India Capital ServicesDealroom has a profile for this one. Try Dealroom → acting as underwriter.
The signal: The listing reflects continued appetite for small-cap public offerings on India's SME exchanges, where property-focused firms are tapping public markets to fund growth. For Black Opal, the anchor commitments offer early validation before retail investors weigh in.
Read more: bizdevelopmentnews.com
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