IPO Issue Details
Issue Price / Price Band₹197 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size600 Shares per Lot
Total Issue Size27,96,000 shares (agg. up to ₹55 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 29 Sep 2026
Subscription CloseThu, 01 Oct 2026
Anchor AllotmentMon, 28 Sep 2026
Basis of AllotmentMon, 05 Oct 2026
Initiation of RefundsTue, 06 Oct 2026
Credit of Shares to DematTue, 06 Oct 2026
Listing DateWed, 07 Oct 2026
UPI Mandate Deadline5:00 PM on 01 Oct 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,36,400 — 1200 shares
Retail — Max (13 Lots)₹1,536,600 (13 Lots)
HNI — Min (3 Lots)₹3,54,600 — 1800 shares
EPS (Pre-IPO)₹14.63
EPS (Post-IPO)₹11.54
P/E Ratio (Pre-IPO)13.47x
P/E Ratio (Post-IPO)17.07x
Net Offer to Public26,56,200 shares (agg. up to ₹52 Cr)
Reserved for Market Maker1,39,800 shares (agg. up to ₹3 Cr)
Pre-IPO Promoter Holding83,39,190 shares
Post-IPO Promoter Holding1,05,77,190 shares
Fresh Issue Shares20,98,200 shares (agg. up to ₹41 Cr)
Offer for Sale Shares5,58,000 shares of ₹10 (agg. up to ₹11 Cr)
About Black Opal Consultants Ltd
Incorporated in 2020, Black Opal Consultants Limited works with well-known real estate developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M to market and sell their residential and commercial projects. The Company signs exclusive or semi-exclusive sales rights to market and sell specific units within a project in return for brokerage income. The Company also works with its Group Entities, such as Aurika Homes Private Limited to market and sell Aurika Homes’ projects in return for brokerage income. This helps strengthen group synergies and enhances business growth.Service Offerings:Consulting & Advisory ServicesExclusive Sale Arrangements: Commission or margin on the sale of underwritten/exclusively mandated inventorieLoan Syndication Services: Commissions or success fees for arranging developer and buyer financing.Real Estate Development through group entities operating in Tier -II cities in IndiaThe Company works in both residential and commercial segments, mainly focusing on new and under-construction properties. It supports developers in selling their projects and helps customers buy properties. Black Opal has a network of more than 200 brokers, which helps expand its reach. It also uses platforms like Facebook and Google for marketing.Black Opal has entered the development business through Aurika Developers LLP. Its first project, “Veda”, is a commercial and hospitality project in Darshan Nagar, Ayodhya.Key strengthsIn-depth Asset & Project Management Expertise and Proven Track Record in Project SalesExperienced Professional TeamStrategic Partnerships with Developers such as Gaurs Group, SKA, Shapoorji Pallonji, Max Estates, and M3M for Exclusive MandateStrong and Reputed Customer BaseStrategic Foray into High-Margin Real Estate Development with Tier II City Focus Strengthen Agent Network Through Training and Support
Objects of the Issue
Black Opal Consultants Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding for securing Sales/Marketing mandates
7.00
2
Investment in Aurika Developers LLP, one of Group Entity, for financing the development of its Ayodhya Project
26.00
3
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
83,39,190 shares
Post-IPO Promoter Holding
1,05,77,190 shares