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Black Opal Consultants Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹197
Per Share
GMP
+₹36
+18.27% Grey Market
Est. Listing
₹233
Expected Price
Min. Application
₹236,400
2 lots × 600 shares
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
Check AllotmentCheck Status →
Black Opal Consultants Ltd — Live Price LIVE
₹197.00
INR · BSE
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Issue ₹197.00 GMP: +₹36 (+18.27%) Live Price
Quick Facts
GMP Signal🟢 Positive
StatusListed
Issue Price₹197
GMP+₹36
Est. Listing₹233
Lot Size600 shares
Min Amount₹236,400
Listing Date07 Oct 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹197
Listing Date07 Oct 2026
Listing Price—
Listing Gain/Loss—%
52-Week High—
52-Week Low—
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 1,327,200 — ₹26.15 Cr 24.58x
NII / HNI 399,000 — ₹7.86 Cr 124.27x
Retail (RII) 930,000 — ₹18.32 Cr 59.54x
Market Maker 139,800 — ₹2.75 Cr —
TOTAL 2,656,200 100.00% ₹52.33 Cr 51.79x
* Based on ₹197.00 (upper price band)
Day-wise Subscription
QIB
24.58x
NII / HNI
124.27x
Retail
59.54x
Total
51.79x
Subscribed
Lot Size & Investment Details
Lot Size
600
Shares
Issue Price
₹197.00
Per Share
Min Investment
₹118,200
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 600 ₹118,200
Retail (Max) 13 7,800 ₹1,536,600
sNII (Min) 14 8,400 ₹1,654,800
bNII (Min) 68 40,800 ₹8,037,600
Company Financials — Restated Consolidated (Amount in Rs Cr)
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 42.34 33.04 19.91
EBITDA 17.05 15.65 6.09
Profit After Tax (PAT) 12.20 11.48 4.32
Net Worth 32.67 20.41 8.93
Total Assets 59.62 22.44 13.14
Reserves & Surplus 243.26 195.77 80.96
Total Borrowings 9.52 0.20 1.60
Key Ratios & Valuation
Issue Price ₹197
Face Value ₹10 Per Share
P/BV 0.80
RoE 56.25
RoCE 75.05
RoNW 56.25
PAT Margin (%) 34.94
EBITDA Margin (%) 47.07
Debt / Equity 0.01
Company Details
Company
Black Opal Consultants Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
Shop No. 8, Ground Floor C.S.C. AGCR Enclave, Delhi, New Delhi, 110092
Book Running Lead Managers
Khambatta Securities Ltd
Book Running Lead Manager (BRLM)