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Latest GMP
- Lead Manager
- Khambatta Securities Limited
- IPO Registrar
- Skyline Financial Services Private Limited
- IPO Open Date
- 29th Sep 2026
- IPO Close Date
- 1st Oct 2026
- Allotment date
- 5th Oct 2026
- Listing date
- 7th Oct 2026
- Issue Size
- ₹ 55 Cr.
- Issue Price Band
- ₹ 185 to 197
- Lot Size
- 600 Share
- Minimum Investment
- ₹ 236400
Disclaimer: IPO details, GMP, subscription figures, and other related information are for informational purposes only and may not always be accurate or up to date. Please verify the latest details from official sources before investing.
About Black Opal Consultants Limited
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 inventories
- 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
Business Focus
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.
Development Foray
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.
Competitive 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
IPO Subscription Details
| Category | Shares Offered | Shares Applied | Subscription Times (x) |
|---|
Grey Market Premium (GMP)
| GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Profit* | Last Updated |
|---|---|---|---|---|---|
| 01-10-2026 | ₹197 | ₹48 | ₹245 ( 24.37% ) | ₹28,800.00 | 01-Oct-2026 09:30 AM |
| 30-09-2026 | ₹197 | ₹38 | ₹235 ( 19.29% ) | ₹22,800.00 | 30-Sep-2026 10:05 AM |
| 25-09-2026 | ₹197 | ₹0 | ₹197 ( 0.00% ) | ₹0.00 | 25-Sep-2026 11:02 AM |
Financials of Black Opal Consultants Limited
A quick overview of the key Financial Performance of Black Opal Consultants Limited.
Total Assets (₹ Cr)
Revenue (₹ Cr)
Profit after Tax (₹ Cr)
*All values are in Rs. Cr
Company Financials
Revenue increased by 28%, Profit after Tax (PAT) increased by 6%, Total Assets increased by 166% between FY2025 and FY2026.
| Period Ended | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 19.75 | 32.86 | 41.97 |
| Assets | 13.14 | 22.44 | 59.62 |
| Total Income | 19.91 | 33.04 | 42.34 |
| Profit After Tax | 4.32 | 11.48 | 12.22 |
| EBITDA | 6.09 | 15.65 | 17.05 |
| Net Worth | 8.93 | 20.41 | 32.67 |
| Reserves & Surplus | 8.10 | 19.57 | 24.33 |
| Total Borrowings | 1.60 | 0.20 | 9.52 |
IPO Lot Size
Application
Lots
Shares
Amount
Individual Investors (IND) (Min)
2
1,200
₹ 2,36,400
Individual Investors (IND) (Max)
2
1,200
₹ 2,36,400
S-HNI (Min)
3
1,800
₹ 3,54,600
S-HNI (Max)
8
4,800
₹ 9,45,600
B-HNI (Min)
9
5,400
₹ 10,63,800
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 1,200 | ₹ 2,36,400 |
| Individual Investors (IND) (Max) | 2 | 1,200 | ₹ 2,36,400 |
| S-HNI (Min) | 3 | 1,800 | ₹ 3,54,600 |
| S-HNI (Max) | 8 | 4,800 | ₹ 9,45,600 |
| B-HNI (Min) | 9 | 5,400 | ₹ 10,63,800 |
Key Performance Indicators (KPI)
| KPI | Latest |
|---|---|
| ROE (%) | 46.03 |
| ROCE (%) | 40.12 |
| Debt / Equity | 0.29 |
| RoNW (%) | 37.4 |
| PAT Margin (%) | 29.11 |
| EBITDA Margin (%) | 40.62 |
|
Pre IPO
Post IPO
|
|
| EPS (₹) |
14.65
-
|
| P/E (x) |
-
-
|
| Promoter Holding (%) |
95.18
69.76
|
IPO Lead Manager(s)
Lead Manager Details
- Khambatta Securities Limited
- Contact Person: Mr. Chandan Mishra
- SEBI Registration Number: INM000011914
- Investor Grievance Email: mbcomplaints@khambattasecurities.com
- Website: http://www.khambattasecurities.com
- Email: chandan@khambattasecurities.com
- Phone: +91-9953989693, 0120-4415469
- Address: 806, World Trade Tower, Tower-B, Noida, Sector-16, Uttar Pradesh - 201301, India
IPO Registrar
- Registrar Name
- Skyline Financial Services Private Limited
- ipo@skylinerta.com
- Phone
- 011-40450193-97
- Contact Person
- Mr. Anuj Rana
- SEBI Registration Number
- INR000003241
- Address
- D-153/A, First Floor, Okhla Industrial Area, Phase-I, New Delhi - 110020, India
- Website
- https://www.skylinerta.com/
Company Contact Details
- Company Name
- Black Opal Consultants Limited
- Phone
- +91 9999560810
- Contact Person
- Ms. Anju
- Corporate Identity Number
- U68100DL2020PLC369011
- Address
- Shop No. 8, Ground Floor, C.S.C. AGCR Enclave, East Delhi, Delhi - 110092, India
- Website
- https://www.blackopalgroup.in/
Black Opal Consultants Limited FAQs
