Black Opal Consultants IPO
OpenBSE SMEListing at: BSE SME • Shop No. 8, Ground FloorC.S.C. AGCR Enclave,Delhi, New Delhi, 110092
Disclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
Black Opal Consultants IPO GMP History
Genuine daily snapshots retained by the WeeStox backendDisclaimer: GMP values change dynamically. This data is strictly for educational purposes only and not an investment advice.
| GMP date | IPO price | GMP | Premium | Est. profit / lot | Subscription | Movement |
|---|---|---|---|---|---|---|
| 30 Sept 2026 | ₹197 | +₹38 | 19.29% | +₹22,800 | 0.37x | Flat |
| 29 Sept 2026 | ₹197 | +₹38 | 19.29% | +₹22,800 | 0.37x | ↑ Up |
| 28 Sept 2026 | ₹197 | ₹0 | 0.00% | +₹0 | - | Flat |
| 27 Sept 2026 | ₹197 | ₹0 | 0.00% | +₹0 | - | Flat |
| 26 Sept 2026 | ₹197 | ₹0 | 0.00% | +₹0 | - | Flat |
| 25 Sept 2026 | ₹197 | ₹0 | 0.00% | +₹0 | - | Flat |
| 24 Sept 2026 | ₹197 | ₹0 | 0.00% | +₹0 | - | Flat |
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Black Opal Consultants IPO Details
| IPO Date | 29 Sept 2026 to 01 Oct 2026 |
| Listing At | BSE SME |
| Face Value | ₹10 per share |
| Price Band | ₹197 |
| Lot Size | 600 Shares |
| Total Issue Size | ₹55.08 Cr(₹1,255.57 Cr) |
| Fresh Issue | 22.38L shares (₹44.09 Cr) |
| Offer for Sale (OFS) | ₹10.99 Cr (approx 2.74 Cr shares) |
| Issue Type | SME Issue |
Black Opal Consultants IPO Timetable
| IPO Open Date | 29 Sept 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Initiation of Refunds | 06 Oct 2026 |
| Credit of Shares to Demat | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
| Cut-off time for UPI Mandate | 5 PM on 01 Oct 2026 |
| Employee Discount | ₹20.00/share (Up to 52,083 shares) |
Black Opal Consultants IPO Reservation
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB Shares Offered | 49.98% | 13,27,200 |
| − Anchor Investor Shares Offered | – | 7,96,200 |
| − QIB (Ex. Anchor) Shares Offered | – | 5,31,000 |
| NII (HNI) Shares Offered | 15.00% | 3,98,400 |
| − bNII > ₹10L Shares Offered | – | 2,65,200 |
| − sNII < ₹10L Shares Offered | – | 1,33,200 |
| Retail Shares Offered | 35.02% | 9,30,000 |
| Market Maker Shares Offered | – | 1,39,800 |
Black Opal Consultants Anchor Details
| Anchor Bid Date | 28 Sept 2026 |
| Anchor Shares Offered | 7,96,200 Shares |
| Total Anchor Portion | ₹15.69 Cr |
| Lock-in 50% End Date | 04 Nov 2026 (30 Days) |
| Lock-in Rem. 50% Date | 03 Jan 2027 (90 Days) |
Black Opal Consultants IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) | Reserved Applications |
|---|---|---|---|---|
| Individual investors (IND) (Min) | 2 Lots | Shares | ₹2,36,400 | – |
| Individual investors (IND) (Max) | 2 Lots | Shares | ₹2,36,400 | – |
| S-HNI (Min) | 3 Lots | Shares | ₹3,54,600 | – |
| S-HNI (Max) | 8 Lots | Shares | ₹9,45,600 | – |
| B-HNI (Min) | 9 Lots | Shares | ₹10,63,800 | – |
Black Opal Consultants Promoter Holding
| Pre-Issue Holding | Disclosed in RHP |
| Post-Issue Holding | To be calculated |
Black Opal Consultants IPO Live Subscription Status
Bidding demand breakdown by shares, institutional demand in ₹ Cr, applications & HNI funding cost| Investor Category | Shares Offered | Shares Bidded | Subscription Times |
|---|
Black Opal Consultants Limited Financial Information (Restated Consolidated in ₹ Crores)
| Period Ended | Assets | Total Income | Profit After Tax | EBITDA | Net Worth | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 2026 | ₹59.62 Cr | ₹42.34 Cr | ₹12.20 Cr | ₹17.05 Cr | ₹32.67 Cr | ₹9.52 Cr |
| 30 Mar 2026 | ₹59.62 Cr | ₹42.34 Cr | ₹12.20 Cr | ₹17.05 Cr | ₹32.67 Cr | ₹9.52 Cr |
| 29 Jun 2025 | ₹343.53 Cr | ₹174.92 Cr | ₹43.86 Cr | ₹58.61 Cr | ₹247.97 Cr | ₹41.81 Cr |
| 31 Mar 2025 | ₹22.44 Cr | ₹33.04 Cr | ₹11.48 Cr | ₹15.65 Cr | ₹20.41 Cr | ₹0.20 Cr |
| 30 Mar 2025 | ₹22.44 Cr | ₹33.04 Cr | ₹11.48 Cr | ₹15.65 Cr | ₹20.41 Cr | ₹0.20 Cr |
| 31 Mar 2024 | ₹13.14 Cr | ₹19.91 Cr | ₹4.32 Cr | ₹6.09 Cr | ₹8.93 Cr | ₹1.60 Cr |
| 30 Mar 2024 | ₹13.14 Cr | ₹19.91 Cr | ₹4.32 Cr | ₹6.09 Cr | ₹8.93 Cr | ₹1.60 Cr |
| 30 Mar 2023 | ₹65.24 Cr | ₹79.73 Cr | ₹17.21 Cr | ₹23.88 Cr | ₹46.07 Cr | ₹1.18 Cr |
Black Opal Consultants Key Valuation & Financial KPIs
Black Opal Consultants IPO Analysis
Review the company's key advantages and material business risks.
Strengths & Positives
Competitive advantages and operational merits
The company provides Consulting & Advisory Services, Exclusive Sale Arrangements, Loan Syndication Services, and Real Estate Development through group entities. It also works with group entities such as Aurika Homes Private Limited to market and sell their projects, generating brokerage income and supporting group-level business synergies.
Black Opal operates across the residential and commercial real estate segments, with a focus on new and under-construction properties. Its services support developers in project sales while assisting customers in purchasing properties, supported by a network of more than 200 brokers and digital marketing channels such as Facebook and Google.
The company has also entered the real estate development business through Aurika Developers LLP. Its first project, “Veda”, is a commercial and hospitality development located in Darshan Nagar, Ayodhya.
Project Sales & Asset Management Expertise: The company has experience in project sales and asset management, supporting developers in marketing and selling residential and commercial properties.
Experienced Professional Team: Black Opal is supported by an experienced professional team involved in real estate sales, advisory and related activities, helping the company execute its project mandates.
Strategic Developer Partnerships: The company has established relationships with developers including Gaurs Group, SKA, Shapoorji Pallonji, Max Estates and M3M, including exclusive and semi-exclusive sales mandates for selected projects.
Customer Concentration: A substantial portion of revenue is generated from a limited number of key customers, without long-term contractual arrangements. Any reduction in business, termination or non-renewal of project-specific arrangements could adversely affect revenue, cash flows and financial performance.
Geographic Concentration: The company's operations are concentrated in Uttar Pradesh and Haryana. Adverse developments in these two markets could materially affect its business, financial condition and results of operations.
Dependence on Brokerage Activities: A significant portion of the company's revenue is dependent on brokerage and related activities. Changes in transaction volumes or other operational and business factors affecting brokerage activity could impact the company's revenue and profitability.
About Black Opal Consultants Limited
Black Opal Consultants IPO is a book build issue of ₹55.08 crores. The issue is a combination of fresh issue of 22.38 lakh shares aggregating to ₹44.09 crores and offer for sale of 5.58 lakh shares aggregating to ₹10.99 crores.Black Opal Consultants IPO opens for subscription on Sep 29, 2026 and closes on Oct 1, 2026. The allotment for the Black Opal Consultants IPO is expected to be finalized on Oct 5, 2026. Black Opal Consultants IPO will list on the BSE SME with a tentative listing date fixed as Oct 7, 2026.Black Opal Consultants IPO is set issue price band at ₹185 to ₹197 per share. The lot size for an application is 600 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,36,400 (1,200 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,800 shares), amounting to ₹3,54,600.Khambatta Securities Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Share India Securities Ltd.Refer to Black Opal Consultants IPO RHP for detailed Information.
Shariah Compliance Screening (AAOIFI Standard 21)
Black Opal Consultants IPO Documents & Reports
Official prospectus, reports and regulatory filings| Document Title | Authority / Host | Status | Action |
|---|---|---|---|
Red Herring Prospectus (RHP) Complete offer document filed with ROC & SEBI | SEBI / ROC | Available | View RHP |
Draft Red Herring Prospectus (DRHP) Initial regulatory draft submitted for public comments | SEBI Filings | Filed | View DRHP |
Anchor Investor Allocation Report Allotment list to institutional bidders | BSE / NSE Circular | Disclosed | Anchor PDF |
IPO Allotment Status & Basis of Allotment Registrar query portal via PAN / Application No. | Skyline Financial Services | Live Portal | Check Allotment |
Corporate Website & Investor Relations Official portal and financial reports | Issuer Portal | Active | Visit Portal |
Black Opal Consultants IPO Registrar & Lead Managers
- Khambatta Securities Ltd.
Shop No. 8, Ground FloorC.S.C. AGCR Enclave,Delhi, New Delhi, 110092