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Black Opal Consultants Ltd IPO

Listed SME BSE SME Bookbuilding IPO
Min Investment
₹2,36,400
600 shares · 1 lot

Black Opal Consultants Ltd IPO was priced at ₹185–₹197 per share with an issue size of ₹55 crore. The IPO opened on Sep 29, 2026 and closed on Oct 01, 2026, with a lot size of 600 shares and a minimum investment of ₹2,36,400.

Open
29 Sep
Close
01 Oct
Allotment
05 Oct
Refund
06 Oct
Listing
07 Oct

Market Sentiment

Grey Market Premium

Full history →
+₹68.00 +34.5%
Est. listing: ₹265
Updated 05 Oct 2026
GMP is an informal, unregulated grey-market figure. It is not a guaranteed listing price and can move sharply during the bidding window.

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IPO Details

Price Band ₹185.00 - ₹197.00 per share
Lot Size600 shares
Min Investment₹2,36,400
Total Issue Size ₹55.00 crore
Shares Offered27,96,000
Issue Structure Fresh Issue + Offer for Sale
Issue TypeBookbuilding IPO
Lead Manager(s)Khambatta Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.
Listing AtBSE SME

Quick Profit Calculator

Issue price ₹197 · lot size 600 shares · estimated listing price ₹265 (GMP +₹68)

Category Lots Shares Investment Value at listing Profit
Retail (Min) 1 600 ₹1,18,200 ₹1,59,000 +₹40,800
S-HNI (Min) 2 1,200 ₹2,36,400 ₹3,18,000 +₹81,600
S-HNI (UPI limit) 4 2,400 ₹4,72,800 ₹6,36,000 +₹1,63,200
S-HNI (Max) 8 4,800 ₹9,45,600 ₹12,72,000 +₹3,26,400
B-HNI (Min) 9 5,400 ₹10,63,800 ₹14,31,000 +₹3,67,200
Estimated from the grey market premium, an informal and unregulated figure that moves sharply and frequently differs from the eventual listing price. Not a forecast. Assumes full allotment, which is rarely guaranteed when an issue is oversubscribed.

Financial Analysis

EPS
₹14.63
P/E (Post)
17.07 x
RoNW
56.25%
RoCE
75.05%
Net Worth
₹32.67 Cr
MetricLatest Reported
Total Income₹42.34 Cr
Profit After Tax₹12.20 Cr
Net Worth₹32.67 Cr

Promoters & Holding

Promoters: Prasoon Chauhan

Promoter Holding (Pre-Issue)98.6%
Promoter Holding (Post-Issue)72.46%

Strengths & Risks

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

Risks & Concerns

  • Dependence on a limited number of clients for revenue generation
  • Market competition from other real estate consultants
  • Economic downturns affecting real estate sales
  • Regulatory changes impacting real estate development
Summarised from the company's own DRHP/RHP disclosures. Informational only, not investment advice — always read the full prospectus before applying.

Company Information

Black Opal Consultants Limited works with well-known real estate developers to market and sell their residential and commercial projects, signing exclusive sales rights for brokerage income.

Entered development business through Aurika Developers LLP with the first project 'Veda' in Ayodhya.

Founded2020
HeadquartersDelhi, New Delhi
IndustryReal Estate
Websitehttps://www.blackopalgroup.in/

Objects of the 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

Registrar & Allotment

RegistrarSkyline Financial Services Pvt.Ltd.
Phone011-26812682
Email[email protected]

Resources & Documents

Frequently Asked Questions

11 answers about Black Opal Consultants Ltd IPO — dates, pricing, allotment and listing.

Black Opal Consultants Ltd IPO is a bookbuilding ipo of ₹55 crore. The issue was priced at ₹185–₹197 per share, with a lot size of 600 shares. Bidding ran from Tue, 29 Sep 2026 to Thu, 01 Oct 2026, with shares listed on BSE SME.

The price band was ₹185–₹197 per share.

One lot was 600 shares. Bids had to be placed in multiples of 600.

A retail investor needed at least ₹2,36,400 – one lot of 600 shares at ₹197, the upper end of the price band.

Black Opal Consultants Ltd IPO opened on Tue, 29 Sep 2026 and closed on Thu, 01 Oct 2026.

Allotment was finalised on Mon, 05 Oct 2026.

Black Opal Consultants Ltd shares were listed on Wed, 07 Oct 2026 on BSE SME.

The company intended to use the net proceeds towards funding for securing sales/marketing mandates, investment in aurika developers llp, one of group entity, for financing the development of its ayodhya project and general corporate purposes.

Khambatta Securities Ltd. is the book running lead manager. Skyline Financial Services Pvt.Ltd is the registrar to the issue.

Category-wise demand from retail, NII and QIB bidders is on the Black Opal Consultants Ltd IPO subscription page, and on the BSE and NSE websites.

From Mon, 05 Oct 2026, check the Black Opal Consultants Ltd IPO allotment status using your PAN, application number or DP ID – also available on the registrar's website.