Black Opal Consultants Limited
IPO Details
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Company Fin.
₹44.2(22.44%)
Premium (ELP)
Investment applications are actively being accepted for Black Opal Consultants Limited's's ongoing Initial Public Offering, which seeks to raise 27,96,000 Shares from market participants. The offering structure includes 22,38,000 Shares in primary capital and ₹10.99 Cr in secondary share sales.
The currently active price band of ₹185 to ₹197 and minimum lot size of 600 shares provide investment flexibility across different investor categories. Market response to the live offering indicates healthy subscription levels.
Prospective investors must submit their applications before the closing deadline on Oct 01, 2026. The subsequent allotment announcement on Oct 05, 2026 will precede the stock's listing on Oct 07, 2026 at the BSE trading platform.
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 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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium (GMP) is based on market buzz and unofficial trading. It should not be considered as the guaranteed listing price. Always refer to the RHP and seek advice from a financial expert before making investment decisions.
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- 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.
- 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.
- Prasoon Chauhan
- Sheikh Arfeen Ahmed
Black Opal Consultants Limited
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