Black Opal Consultants Limited
Bookbuilding IPO · BSE
- Price band
- ₹185 - ₹197
- Lot size
- 600 shares
- Issue amount
- ₹55.08 cr
- Total subscription
- 73.88×
- Opens
- 29 Sept 2026
- Closes
- 1 Oct 2026
- Allotment
- 5 Oct 2026
- Listing
- 7 Oct 2026
Offer at a glance
Issue overview
- Issue size
- 27,96,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,11,000
- Fresh issue
- ₹44.08 cr
- Offer for sale
- ₹10.99 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,18,200
- Issue type
- Bookbuilding IPO
- Shares before issue
- 83,39,190
- Shares after issue
- 1,05,77,190
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 1,200 | ₹2,36,400 |
| sHNI | 3 | 1,800 | ₹3,54,600 |
| bHNI | 9 | 5,400 | ₹10,63,800 |
Share reservation
Subscription & GMP
Subscription by category
Reported 1 Oct 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 775 | 46,619 |
| HNIs(10L +) | 148 | 7,082 |
| HNIs (2-10L) | 74 | 5,765 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 10.47 | 625.24 |
| RETAIL | 18.32 | 1,102.07 |
| NIB | 7.85 | 979.68 |
| HNIs 2+ | 2.62 | 216.65 |
| HNIs 10+ | 5.23 | 763.03 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 14.65 | 13.76 | 5.18 |
| ROE | 0 | 0 | 0 |
| ROCE | 0 | 0 | 0 |
| RONW | 37.4 | 56.24 | 48.41 |
| PRE IPO(PE) | 13.47 | 0 | 0 |
| POST IPO(PE) | 17.07 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Black Opal Consultants Limited | 13.47 | 0 | 10 | 39.17 | 37.40 | 14.65 |
| Homesfy Realty Limited | 0 | 0 | 10 | 92.06 | -68.98 | -63.5 |
Company information
Company profile
Black Opal Consultants Limited, incorporated in 2020, is a real estate consulting and sales company that works with established developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M to market and sell residential and commercial projects. The Company enters into exclusive or semi-exclusive sales arrangements for selected project inventory and earns brokerage income from successful sales. It also works with group entities such as Aurika Homes Private Limited to market and sell their projects, supporting group synergies and business growth. Its services include consulting and advisory, exclusive sales arrangements, loan syndication and real estate development through group entities operating in Tier-II cities. The Company mainly focuses on new and under-construction residential and commercial properties and connects developers with potential buyers through a network of more than 200 brokers, along with digital marketing platforms such as Facebook and Google. Black Opal has also entered the real estate development business through Aurika Developers LLP, with its first project, “Veda”, being a commercial and hospitality development in Darshan Nagar, Ayodhya.
Strengths
- Real Estate Expertise: Black Opal Consultants Limited operates in the real estate sector, with activities focused on property development and related real estate services.
- Group & Project Presence: The company is associated with the Black Opal Group and has exposure to real estate projects, including its group entity’s development activities, supporting opportunities for business expansion.
- Growing Business Scale: The company has reported growth in revenue and is pursuing additional funding for sales and marketing activities and real estate project development.
Risk factors
- Real Estate Market Dependence: Business performance depends on property demand, prices, economic conditions, interest rates, and customers’ purchasing capacity, which may fluctuate over time.
- Project Execution Risks: Delays in approvals, construction, development, or project completion may increase costs, affect cash flows, and postpone revenue generation.
- Regulatory & Funding Risks: Real estate operations require regulatory approvals and substantial capital, while changes in regulations or difficulty in arranging funds may affect project execution and growth.
Promoters
Prasoon Chauhan
Sheikh Arfeen Ahmed
Registrar & documents
Lead manager
Khambatta Securities Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Shop No. 8, Ground Floor C.S.C. AGCR Enclave, Delhi, New Delhi, 110092
+91 9999560810
[email protected]Company website ↗Understanding BLACKOPAL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.