Black Opal Consultants IPO
GMP, Subscription, Price, Dates & Financial Details
Business Support
Black Opal Consultants Limited, incorporated in 2020, is a real estate consulting and brokerage firm that works with leading developers across India. The Company collaborates with prominent real estate brands such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M, offering…
Open Date
Tue, 29 Sep 2026
Close Date
Thu, 01 Oct 2026
Price Band
₹ 185 – 197
Lot Size
600
Issue Size
₹ 55.08 Cr
Minimum Investment
₹ 236,400 (1200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Black Opal Consultants IPO is set to open its Initial Public Offering (IPO) for subscription on September 29, 2026. According to the Red Herring Prospectus (RHP), the IPO is a book-built issue with a total issue size of ₹55.08 Crore, comprising a fresh issue of 20.98 Lakh equity shares aggregating to ₹44.09 Crore and an offer for sale (OFS) of 5.58 Lakh equity shares aggregating to ₹10.99 Crore by the existing shareholders.
The Black Opal Consultants IPO will open for subscription on September 29, 2026, and close on October 01, 2026. The basis of allotment is expected to be finalized on October 05, 2026, while the shares are tentatively scheduled to be listed on BSE SME Platform on October 07, 2026.
The company has fixed the price band at ₹185 to ₹197 per share, with a lot size of 600 shares. Retail investors will require a minimum investment of ₹236,400 (based on the upper price band) to apply for one lot.
Skyline Financial Services Private Ltd is the registrar to the issue. Khambatta Securities Limited are the Book Running Lead Managers (BRLMs) to the issue.
Before investing in the Black Opal Consultants IPO, investors should carefully review the company's financial performance, business model, IPO objectives, and risk factors disclosed in the offer documents. Investors should also ensure that they submit their applications before the subscription window closes on October 01, 2026.
Black Opal Consultants IPO Timeline (Tentative)
- IPO Open Date
- Tue, 29 Sep 26
- IPO Close Date
- Thu, 01 Oct 26
- Basis of Allotment
- Mon, 05 Oct 26
- Initiation of Refunds
- Tue, 06 Oct 26
- Credit of Shares to Demat
- Tue, 06 Oct 26
- Listing Date
- Wed, 07 Oct 26 — BSE
Open Date
29 September 2026
Close Date
01 October 2026
Basis Of Allotment
05 October 2026
Listing Date
07 October 2026
IPO Subscription
Check Live Subscription →The Black Opal Consultants IPO subscription Data Unavailable. Subscription data will be available once biddings start. Bidding is open from 10:00 AM to 5:00 PM on 29 September 2026
IPO Reservations
Reservation Details Are not Available until IPO Opens.
Reservation figures are shown once IPO opens.
Financials Details(₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 343.53 | 224.43 | 131.35 | 65.24 |
| Revenue | 174.92 | 330.43 | 199.05 | 79.73 |
| Profit After Tax | 43.86 | 114.81 | 43.23 | 17.21 |
| Net Worth | 247.97 | 204.11 | 89.3 | 46.07 |
| Reserve & Surplus | 239.63 | 195.77 | 80.96 | 37.74 |
| Total Borrowings | 41.81 | 2.03 | 16.01 | 1.18 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Black Opal Consultants Limited KPI Information
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 56.25 | 48.41 | 37.34 |
| ROCE % | 75.05 | 55.86 | 46 |
| Debt / Equity | 0.01 | 0.18 | 0.11 |
| RoNW % | 56.25 | 48.41 | 37.34 |
| Pat Margin % | 34.94 | 21.88 | 21.83 |
Peers Comparison
No Peer Comparision Available
About Black Opal Consultants Limited
Black Opal Consultants Limited, incorporated in 2020, is a real estate consulting and brokerage firm that works with leading developers across India. The Company collaborates with prominent real estate brands such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M, offering end-to-end marketing and sales support for their residential and commercial projects.
Black Opal typically enters into exclusive or semi-exclusive sales arrangements, under which it receives the mandate to market and sell specific inventories within a project in exchange for brokerage income.
The Company also leverages strong intra-group synergies. Through Group Entities like Aurika Homes Private Limited, Black Opal markets and sells Aurika Homes’ projects and earns brokerage income, further strengthening the group’s business ecosystem.
To maximize market penetration, Black Opal utilizes a network of over 200 channel partners and brokers and actively markets projects through digital platforms such as Facebook and Google.
Core Service Offerings
1. Consulting & Advisory Services
Strategic guidance to developers and customers across the property transaction lifecycle.
2. Exclusive Sale Arrangements
- Mandated or underwritten inventory sales
- Income through commissions or margins on sold units
3. Loan Syndication Services
- Facilitating financing solutions for both developers and buyers
- Revenue earned through commissions or success-based fees
4. Real Estate Development (Through Group Entities)
- Development of residential and commercial projects, particularly in Tier-II cities
- Executed through group entities engaged in real estate development
Business Segments
Black Opal operates in both the residential and commercial real estate segments, with a strong focus on new and under-construction properties. The Company assists developers in enhancing project sales while helping customers identify and purchase suitable properties.
Entry Into Real Estate Development
Black Opal has expanded into real estate development via Aurika Developers LLP. Its maiden project, “Veda”, is a commercial and hospitality development located in Darshan Nagar, Ayodhya.
Black Opal Consultants IPO Promoters
- Mr. Prasoon Chauhan
- Mr. Sheikh Arfeen Ahmed
Promoters Holding
Holding Pre Issue
98.60%
Holding Post Issue
72.46%
Black Opal Consultants IPO Objective
The Company Black Opal Consultants IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding for securing Sales/Marketing mandates
- Investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project
- General corporate purposes
Black Opal Consultants Limited Address / Contact Details
Black Opal Consultants Ltd.
Shop No. 8, Ground Floor
C.S.C. AGCR Enclave,Delhi
Delhi, New Delhi, 110092
Phone: +91 9999560810
Email: investors@blackopalgroup.in
Website: http://www.blackopalgroup.in/
IPO Snapshot
Black Opal Consultants IPO Lot Size
The Black Opal Consultants IPO has a lot size of 600 shares. Retail investors require a minimum investment of ₹2,36,400 by applying for 2 lot (1,200 shares). The maximum application allowed for the retail category is 2 lots (1,200 shares), requiring an investment of ₹2,36,400.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | 236,400.00 |
| Retail (Max) | 2 | 1,200 | 236,400.00 |
| S-HNI (Min) | 3 | 1,800 | 354,600.00 |
| S-HNI (Max) | 8 | 4,800 | 945,600.00 |
| B-HNI (Min) | 9 | 5,400 | 1,063,800.00 |
Issue Reservation
Book Running Lead Managers
- Khambatta Securities Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Black Opal Consultants IPO?
Black Opal Consultants IPO is a Book-building IPO with a total issue size of ₹55.08 crore. The Black Opal Consultants IPO price band is ₹185 to 197 per share. The Black Opal Consultants IPO subscription opens on Tue, Sep 29, 2026, and closes on Thu, Oct 1, 2026. The Black Opal Consultants IPO will be listed on the BSE. Skyline Financial Services Private Ltd is the registrar for the Black Opal Consultants IPO.
When will the Black Opal Consultants IPO open for subscription?
The Black Opal Consultants IPO opens on Tue, Sep 29, 2026 and closes on Thu, Oct 1, 2026
What is Black Opal Consultants IPO Price Band?
Black Opal Consultants IPO Price Band is ₹185 to 197 per share.
What is Black Opal Consultants IPO Lot Size?
Black Opal Consultants IPO lot size is 600 shares, Retail investors need a minimum investment of ₹236400 based on the upper price band
What is the minimum investment for Black Opal Consultants IPO?
The minimum investment for Black Opal Consultants IPO is ₹236400, based on one lot of 600 shares at the upper price band of ₹197 per share.
How to apply for Black Opal Consultants IPO?
Investors can apply for the Black Opal Consultants IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 1, 2026. The application amount remains blocked until the Black Opal Consultants IPO allotment is finalized.
What is Black Opal Consultants IPO Issue Size?
Black Opal Consultants IPO issue size is ₹55.08 crores.
What is the Black Opal Consultants IPO Allotment Date?
Black Opal Consultants IPO allotment date is Mon, Oct 5, 2026.
Who is the Black Opal Consultants IPO Registrar?
The registrar for Black Opal Consultants IPO is Skyline Financial Services Private Ltd. Investors can go to Skyline Financial Services Private Ltd website to check Black Opal Consultants IPO allotment status, refund processing, and other IPO-related information.
Who is the Black Opal Consultants IPO Lead Manager?
The book-running lead managers (BRLMs) for the Black Opal Consultants IPO are Khambatta Securities Limited . The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Black Opal Consultants IPO Red Herring Prospectus (RHP).