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Black Opal Consultants Ltd
Closed BSE SME Bookbuilding IPO

Black Opal Consultants Ltd IPO

GMP Today
+₹36
+18%
Issue Price
₹197
Est. Listing: ₹233
IPO Overview
Quick facts
Issue Price
₹197
Lot Size
600 shares
Min. Investment
₹118,200
Issue Size
27,96,000 shares (agg. up to ₹55 Cr)
Face Value
₹10
Issue Type
Bookbuilding IPO
Listing Exchange
BSE SME
Script Code
—
Important Dates
IPO Open
29 Sep 2026
Done
IPO Close
01 Oct 2026
Done
Allotment
05 Oct 2026
Done
Refund Init.
06 Oct 2026
Done
Demat Credit
06 Oct 2026
Done
Listing Date
07 Oct 2026
Done
Black Opal Consultants Ltd Stock Price
BSE
—
—
Open
—
High
—
Low
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Data via Yahoo Finance · For informational use only
Subscription Allocation
Category Shares Offered Lots Amount (₹)
QIB (Qualified Institutional) 1327200 — ₹—
NII / HNI (Non-Institutional) 399000 3 ₹3,54,600
Retail (Individual) 930000 2 ₹2,36,400
Market Maker 1,39,800 — ₹—
Fresh Issue 20,98,200 shares (agg. up to ₹41 Cr) — ₹—
OFS (Offer for Sale) 5,58,000 shares of ₹10 (agg. up to ₹11 Cr) — ₹—
Minimum Application Size
Investor Type Lots Shares Amount (₹)
Retail (Min 1 Lot) 2 1200 ₹2,36,400
HNI — sHNI 3 1800 ₹3,54,600
Subscription Status
Final
Metric QIB NII Retail Total
Subscription 24.58 124.27 59.54 51.79
Shares 1327200 399000 930000 2656200
Bids 32622000 49583400 55369200 137574600
Financial Highlights

Amount in Rs Cr

Metric 31 Mar 2026 31 Mar 2025 31 Mar 2024
Revenue 423319
PAT 12114
EBITDA 17156
Net Worth 32208
Total Assets 592213
Reserves 24319580
Borrowings 901
ROE
56
ROCE
75
RONW
56
PAT Margin
34
EBITDA Mgn
47
D/E Ratio
0
P/B Value
0
Pre EPS
14
Post EPS
11
Pre P/E
13
Post P/E
17
Objects of Issue
  • Funding for securing Sales/Marketing mandates
  • Investment in Aurika Developers LLP, one of Group Entity, for financing the development of its Ayodhya Project
  • General Corporate Purposes
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 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.

Key strengths

  • In-depth Asset & Project Management Expertise and Proven Track Record in Project Sales
  • Experienced Professional Team
  • Strategic Partnerships with Developers such as Gaurs Group, SKA, Shapoorji Pallonji, Max Estates, and M3M for Exclusive Mandate
  • Strong and Reputed Customer Base
  • Strategic Foray into High-Margin Real Estate Development with Tier II City Focus Strengthen Agent Network Through Training and Support
Apply for This IPO
₹197
Min. ₹118,200 · 600 shares/lot
Expected Listing ₹233
GMP +₹36 (+18%)
Close Date 01 Oct 2026
Check Allotment
Pre-Issue
83,39,190 shares
Post-Issue
1,05,77,190 shares
Company Contact
Registrar
Skyline Financial Services Pvt.Ltd
  • 011-26812682
  • ipo@skylinerta.com
Lead Managers
  • Khambatta Securities Ltd
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