Black Opal Consultants IPO Details
Black Opal Consultants IPO Summary
Black Opal Consultants IPO opens for subscription on 29 Sep 2026 and closes on 01 Oct 2026.The IPO will be listed on BSE with the tentative listing date set for 07 Oct 2026.
Black Opal Consultants IPO price band has been fixed at ₹185 – ₹197 per share. The face value is ₹10 per share with a lot size of 600.
Black Opal Consultants IPO total issue size comprises 27,96,000 shares (aggregating up to ₹55.08 Cr). This includes a fresh issue of 22,38,000 shares (aggregating up to ₹44.09 Cr). Offer for Sale consists of 5,58,000 shares (aggregating up to ₹10.99 Cr). Pre-issue shareholding stands at 83,39,190, which will increase to 1,05,77,190 post-issue.
Black Opal Consultants IPO carries a ₹0 (0%) GMP, reflecting investor sentiment.
Black Opal Consultants IPO Lot Size :Individual Minimum is 2 lots (1,200 shares) amounting to ₹2,36,400. Individual Maximum is 2 lots (1,200 shares) amounting to ₹2,36,400. SHNI Minimum is 3 lots (1,800 shares) amounting to ₹3,54,600. SHNI Maximum is 8 lots (4,800 shares) amounting to ₹9,45,600. BHNI Minimum is 9 lots (5,400 shares) amounting to ₹10,63,800.
Black Opal Consultants IPO Details
Black Opal Consultants IPO Subscription
Black Opal Consultants IPO Application Wise Breakup
Black Opal Consultants IPO Dates
- 29 Sep 2026Opening dateOpen
- 01 Oct 2026Closing dateClose
- 05 Oct 2026Allotment Date Allotment
- 06 Oct 2026Initiation of RefundsRefund
- 06 Oct 2026Credit of SharesCredit
- 07 Oct 2026Listing dateListing
Black Opal Consultants IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 1200 | ₹2,36,400 |
| Individual Maximum | 2 | 1200 | ₹2,36,400 |
| SHNI Minimum | 3 | 1800 | ₹3,54,600 |
| SHNI Maximum | 8 | 4800 | ₹9,45,600 |
| BHNI Minimum | 9 | 5400 | ₹10,63,800 |
Black Opal Consultants IPO Reservation
Promoter Holding
Documents
Black Opal Consultants IPO Valuations
Black Opal Consultants Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 59.62 | 22.44 | 13.14 |
| Total Income | 42.34 | 33.04 | 19.91 |
| Profit After Tax | 12.20 | 11.48 | 4.32 |
| EBITDA | 17.05 | 15.65 | 6.09 |
| NET Worth | 32.67 | 20.41 | 8.93 |
| Reserves and Surplus | 243.26 | 195.77 | 80.96 |
| Total Borrowing | 9.52 | 0.20 | 1.60 |
| Amount in ₹ Crore | |||
About Black Opal Consultants IPO
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 Services
- Exclusive Sale Arrangements: Commission or margin on the sale of underwritten/exclusively mandated inventorie
- Loan Syndication Services: Commissions or success fees for arranging developer and buyer financing.
- Real Estate Development through group entities operating in Tier -II cities in India
The 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.
Strength Of Black Opal Consultants IPO
- Strong, experienced and dedicated senior management team and qualified workforce.
- Acquisition in Aurika Developers LLP.
- Ability to provide good services and customer satisfaction.
- Ability to scout for new opportunities and capitalising the same.
- Consistent track record of growth and financial performance.
- Ability to serve diverse customer needs.
Risk Of Black Opal Consultants IPO
- The company generates a substantial portion of its revenue from a limited number of key customers, and the company does not maintain long-term contractual arrangements with them. Accordingly, any reduction in the volume of business from such customers, or the termination or non-renewal of existing project specific arrangements, could have a material adverse effect on its business, cash flows, financial condition, and results of operations.
- The company's operations are geographically concentrated in two states i.e. Uttar Pradesh and Haryana, and any adverse developments in these markets may materially and adversely affect its business, financial condition, and results of operations.
- The company's revenues are significantly dependent on its brokerage and related activities, which exposes the company to certain business and operational risks.
- The company's business is significantly concentrated in the residential real estate segment. A limited presence in commercial may expose the company to segment-specific risks and limit its revenue diversification.
- The Company doesn't own the premise where its registered office is situated, and its has entered into a rent agreement for the same. Any termination or dispute in relation to this rental agreement may have an adverse effect on the company business operations and results thereof and its registered office premise is shared with the company group entities and subsidiary without any formal agreement, which may expose it to operational, legal, and regulatory risks.
- The Company, its Directors, Promoters, Group Entities, Subsidiary, Key Managerial Personnel and Senior Managerial Personnel are involved in certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.
- The Company operates under several statutory and regulatory permits, licenses and approvals. Its inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operate the company business may have an adverse effect on its business & operations.
- Its faces competition from Indian companies and Local Brokers and the company may be unsuccessful in competing against current and future competitors, which could have an adverse impact on the pricing of its services as well as increase the costs associated with growing the company customer base.
- The company has a limited operating history and may be subject to risks inherent in early stage companies, which may make it difficult for you to evaluate its business and prospect.
- The company has experienced negative cash flows in relation to our operating, investing and financing activities for the period ended June 30, 2025, and during Fiscal Years 2025, 2024, and 2023. Any continued negative cash flows in the future may adversely affect its results of operations and financial condition.
Objectives Black Opal Consultants IPO
1. Funding for securing Sales/Marketing mandates
2. Investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project
3. General corporate purposes
Company 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/
Registrar Contact Details
Black Opal Consultants FAQs
The Black Opal Consultants IPO is a SME public issue comprising 2796000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹55.08 Cr. The issue price has been fixed at ₹197 per equity share, and the minimum application size is 600 shares.
The IPO opens for subscription on 29 Sep 2026, and closes on 01 Oct 2026.
Skyline Financial Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹0 (0%).
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