Black Opal Consultants
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Black Opal Consultants's successfully completed its Initial Public Offering and commenced trading on Oct 07, 2026 at the BSE exchange. The company raised 27,96,000 Shares through this public offering, comprising 22,38,000 Shares in fresh capital and ₹10.99 Cr through the Offer for Sale mechanism.
The IPO was priced within the band of ₹185 to ₹197, with minimum application lots of 600 shares. The offering attracted significant investor interest during its subscription period from Sep 29, 2026 to Oct 01, 2026.
Share allotment was finalized on Oct 05, 2026, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Black Opal Consultants Ltd., incorporated in 2020, operates as a real estate sales and advisory platform focused primarily on the Delhi-NCR market. The company works with reputed developers including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M to market and sell residential and commercial projects. Its core business is facilitating sales of newly constructed and under-construction properties through exclusive and semi-exclusive sales mandates. In addition to brokerage, the company has expanded into loan syndication, property advisory, inventory underwriting and selective real-estate development through group entities.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Strong Developer Relationships – Partnerships with established developers such as Gaurs, SKA, Max Estates, M3M and Shapoorji Pallonji provide access to a broad property inventory.
Established Delhi-NCR Presence – The company has built a strong network in Noida, Greater Noida and Gurugram, three important real-estate markets in the NCR region.
Diversified Real Estate Services – Beyond brokerage, the company earns from advisory services, loan syndication, inventory underwriting and selective project development, providing multiple revenue avenues.
Geographical Concentration – Operations are heavily concentrated in the Delhi-NCR region, particularly Noida, Greater Noida and Gurugram. A slowdown in these markets could materially affect revenue.
Dependence on Real Estate Developers – The company depends on developers for project launches, inventory availability, pricing and sales mandates. Loss of important developer relationships could affect business volumes.
Cyclical & Commission-Based Business – Revenue is closely linked to property transactions. Changes in interest rates, housing demand, regulatory policies and the broader real-estate cycle can impact sales and brokerage income.
Black Opal Consultants
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