Black Opal Consultants

Black Opal Consultants SME IPO

Listed

BSE SMEOpens 29 September 2026Closes 1 October 2026

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…

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Live GMPSubscriptionAllotment
Price band
₹185 - ₹197
Issue size
₹55.08 Cr
Lot size
600 shares
Type
BSE SME
GMP
₹9 (+4.6%)
Est. listing
₹206
Est. profit / app
₹10,800
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
11.54
P/E ratio
17.07
RoNW
37.4%
ROE
46.03%
Debt / Equity
0.29
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Timeline

  1. IPO Opens

    29 Sept 2026

  2. IPO Closes

    1 Oct 2026

  3. Allotment

    5 Oct 2026

  4. Listing

    7 Oct 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date29 September 2026
IPO Close Date1 October 2026
Allotment Date5 October 2026
Listing Date7 October 2026

Investment Categories

CategoryLotsAmount
Individual
2₹2,36,400
SHNI (Min)
3₹3,54,600
SHNI (Max)
8₹9,45,600
BHNIAbove ₹10,00,000
9₹10,63,800

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Funding for securing Sales/Marketing mandates (₹7.00 Cr).
  • Investment in Aurika Developers LLP, one of our Group Entities, for financing the development of its Ayodhya Project (₹26.00 Cr).
  • General Corporate Purposes.

Strengths

  • Strategic relationships with established real estate developers (Gaurs Group, SKA, Shapoorji Pallonji, Max Estates, M3M) for exclusive project mandates.
  • Diversification into real estate development through group entities focusing on high-growth Tier II cities such as the Ayodhya 'Veda' commercial project.
  • Extensive partner channel network comprising over 200 real estate brokers alongside active digital marketing acquisition channels.
  • Integrated business model spanning sales advisory, project marketing, and developer/buyer loan syndication.

Weaknesses

  • Customer concentration risk: Top 5 clients contributed 67.69% and top 10 clients contributed 87.61% of operational revenue in FY26 without long-term contracts.
  • Geographic concentration: Operations are primarily clustered in Uttar Pradesh (77.94%) and Haryana (22.06%).
  • Segment concentration: 97.62% of operational revenues in FY26 originated from the residential real estate segment, with limited commercial presence.
  • Limited operational track record in direct real estate project execution, relying on group entities like Aurika Developers LLP.
  • Operating premises (registered office and corporate office) are leased/rented and shared with multiple group entities.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)59.6222.4413.14
Revenue (₹ Cr.)42.3433.0419.91
PAT (₹ Cr.)12.2211.484.32
Net Worth (₹ Cr.)32.6720.418.93

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Black Opal Consultants5.0317.0737.4%32.67
Homesfy Realty Limited1.260-68.98%29.7

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.48x0.76x59.77x
NII0.17x1.03x124.29x
S-HNI0.1x1.17x82.56x
B-HNI0.21x0.96x145.19x
RII0.39x1.61x60.15x
Total0.37x1.24x73.8x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB5,31,0003,17,38,200625.24
NII3,99,0004,95,90,000976.92
Small NII1,33,2001,09,97,400216.65
Big NII2,65,8003,85,92,600760.27
RII9,30,0005,59,42,8001,102.07
Total18,60,00013,72,71,0002,704.24
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Company Details

  • Black Opal Consultants Limited
  • Registered Office: Shop No. 8, Ground Floor, C.S.C. AGCR Enclave, East Delhi, Delhi - 110092, India; Corporate Office: 11th Floor, Office No. 1101, Gulshan One 29, Sector 129, Noida, Gautam Buddha Nagar, Uttar Pradesh - 201304, India
  • +91 9999560810
  • investors@blackopalgroup.in
  • https://www.blackopalgroup.in

Registrar Details

Frequently Asked Questions

What is the primary business of Black Opal Consultants Limited?
Black Opal Consultants Limited provides real estate marketing, sales consulting, and brokerage services for residential and commercial projects, along with loan syndication and strategic real estate development through its group entities.
When does the Black Opal Consultants SME IPO open and close?
The IPO opened for public bidding on Tuesday, September 29, 2026, and closed on Thursday, October 1, 2026 (Anchor investor bidding took place on Monday, September 28, 2026).
What is the price band and minimum retail application size for the IPO?
The price band is fixed at ₹185.00 to ₹197.00 per share. Retail investors can apply for a minimum of 2 lots (1,200 shares), amounting to ₹2,36,400 at the upper price band of ₹197.
What is the total issue size and issue structure of Black Opal Consultants IPO?
The total issue size is ₹55.08 Crore (27,96,000 equity shares), comprising a Fresh Issue of ₹44.09 Crore (22,38,000 shares) and an Offer for Sale of ₹10.99 Crore (5,58,000 shares) by Promoter Prasoon Chauhan.
When and where are the shares of Black Opal Consultants scheduled to list?
The equity shares are scheduled to list on the BSE SME platform on Wednesday, October 7, 2026.

Black Opal Consultants SME IPO News & Updates

Follow the latest updates for Black Opal Consultants SME IPO, including grey market moves and allotment news.

Black Opal Consultants SME IPO IPO Pages

Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.

Black Opal Consultants SME IPO Details

Issue size, price, financials, and company info

Black Opal Consultants SME IPO GMP

Live grey market premium and listing estimate

Black Opal Consultants SME IPO Subscription

QIB, NII, Retail, SHNI and BHNI subscription

Black Opal Consultants SME IPO Allotment

Allotment date, chances, and check by PAN

Black Opal Consultants SME IPO Review

SWOT, strengths, risks, and IPO review

Black Opal Consultants SME IPO FAQ

Common questions on dates, GMP, and allotment

Black Opal Consultants SME IPO Registrar

Registrar website and how to check allotment

Black Opal Consultants SME IPO Timeline

Open, close, allotment, and listing dates

Black Opal Consultants SME IPO News

Updates, blogs, and latest IPO news

Sources

We match Black Opal Consultants SME IPO 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
  • Skyline Financial Services Private LimitedOfficial site to check allotment status 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 IPO dates and key details before they go live.

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