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Black Opal Consultants IPO
Black Opal Consultants IPO
Overview
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.
Total Shares
27,96,000
Issue Size
₹55 Cr
Price Band
₹185 – ₹197
Lot Size
600 shares
Min. Investment
₹1,18,200
Max. Investment
₹1,18,200
Open Date
29 Sep, 2026
Close Date
01 Oct, 2026
Allotment
05 Oct, 2026
Listing
07 Oct, 2026
Max. Investment
₹1,18,200
Announced
29 Sep, 2026
Opening Date
29 Sep, 2026
Closing Date
01 Oct, 2026
Basis of Allotment
05 Oct, 2026
Initiation of Refunds
06 Oct, 2026
Credit of Shares
06 Oct, 2026
Listing Date
07 Oct, 2026
Apply via UPI in 5 minutes
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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’ pr
Black Opal Consultants IPO Share Price
Issue Breakdown
Shareholding
Dilution: 26.8% increase in shares
Black Opal Consultants IPO Financial Health
Black Opal Consultants Ltd.'s revenue increased by 28% and profit after tax (PAT) rose by 6% between the financial year ending with March 31, 2026 and March 31, 2025.
Black Opal Consultants IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,36,400 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,36,400 |
| S-HNI (Min) | 3 | 1800 | ₹3,54,600 |
| S-HNI (Max) | 8 | 4800 | ₹9,45,600 |
| B-HNI (Min) | 9 | 5400 | ₹10,63,800 |
(All values in CR)
Black Opal Consultants IPO Valuations
| Metric | Value |
|---|---|
| ROE | 56.25 |
| ROCE | 75.05 |
| Debt/Equity | 0.01 |
| RoNW | 56.25 |
| PAT Margin | 34.94 |
| EBITDA Margin | 47.07 |
| NAV | 244.76 |
| Price to Book Value | 0.80 |
(All values in CR)
Black Opal Consultants IPO Strength & Risk
Black Opal Consultants IPO Strength
- Established relationships with prominent real estate developers and exclusive sales mandates.
- Network of more than 200 broker associates supports its sales and distribution reach.
- Revenue from operations increased from ₹19.75 crore in FY24 to ₹41.97 crore in FY26, while PAT rose from ₹4.32 crore to ₹12.22 crore.
- Asset-light brokerage-led model with additional opportunities in loan syndication and advisory services.
- Expansion into real estate development through its investment in Aurika Developers LLP provides potential business diversification.
Black Opal Consultants IPO Risk
- Revenue is highly concentrated among a limited number of customers, increasing dependence on key developer relationships.
- Operations are heavily concentrated in Uttar Pradesh and Haryana, exposing the company to regional real estate conditions.
- Heavy dependence on brokerage and residential real estate makes revenue sensitive to property-market cycles and transaction volumes.
- Expansion into real estate development introduces additional project execution, funding, regulatory and construction-related risks.
Black Opal Consultants IPO GMP
Grey market trading for Black Opal Consultants SME IPO has commenced over the past 1 sessions. Due to limited historical data, initial trends are forming. Stay tuned for daily Black Opal Consultants SME IPO GMP updates, price trends, and expected listing estimates.
Last updated 26 Sep, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 26 Sep, 2026 | 0 | ₹0 | - | ₹197 (0.00%) | - | 26 Sep, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Black Opal Consultants IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Black Opal Consultants IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.
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