GMP IPO Watch
Black Opal Consultants IPO
Black Opal Consultants IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Black Opal Consultants IPO Details
Key facts at a glance| IPO Open Date | 28 September 2026 | IPO Close Date | 30 September 2026 |
|---|---|---|---|
| Basis of Allotment | 4 October 2026 | Listing Date | 6 October 2026 |
| Price Band | ₹185 - ₹197 per share | Face Value | ₹10 per share |
| Market Lot Size | 600 Shares | Min Investment (Retail) | ₹2,36,400 |
| Total Issue Size | ₹55.08 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | ₹44.09 Cr | Offer for Sale (OFS) | ₹10.99 Cr |
| Listing At | BSE SME | Issue Category | SME Issue |
| Registrar | Skyline Financial Services Pvt. Ltd. | ||
Black Opal Consultants IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 28 September 2026 | Confirmed |
| IPO Close Date | 30 September 2026 | Confirmed |
| Basis of Allotment | 4 October 2026 | Tentative |
| Initiation of Refunds | 6 October 2026 | Tentative |
| Credit of Shares to Demat | 6 October 2026 | Tentative |
| IPO Listing Date | 6 October 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 1 October 2026 (5:00 PM) | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Black Opal Consultants IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 1,200 Shares | ₹2,36,400 |
| Retail (Max) | 2 Lots | 1,200 Shares | ₹2,36,400 |
| S-HNI (Min) | 3 Lots | 1,800 Shares | ₹3,54,600 |
| S-HNI (Max) | 8 Lots | 4,800 Shares | ₹9,45,600 |
| B-HNI (Min) | 9 Lots | 5,400 Shares | ₹10,63,800 |
Black Opal Consultants IPO Live GMP & Movement History
Daily unofficial grey market trends₹3 +1.5%
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 7 Oct 2026 | ₹9 | ₹206.00 | +4.57% |
| 6 Oct 2026 | ₹88 | ₹285.00 | +44.67% |
| 5 Oct 2026 | ₹100 | ₹297.00 | +50.76% |
| 3 Oct 2026 | ₹78 | ₹275.00 | +39.59% |
| 2 Oct 2026 | ₹66 | ₹263.00 | +33.50% |
| 1 Oct 2026 | ₹48 | ₹245.00 | +24.37% |
| 30 Sept 2026 | ₹38 | ₹235.00 | +19.29% |
Black Opal Consultants IPO Subscription Status
Demand breakdown by investor categoryBlack Opal Consultants Company Financials
Restated figures (₹ in Crores)| Period | Total Assets | Total Revenue | Total Expenses | Profit After Tax (PAT) |
|---|---|---|---|---|
| 2024 | 13.14 Cr. | 19.91 Cr. | 14.10 Cr. | 4.32 Cr. |
| 2025 | 22.44 Cr. | 33.04 Cr. | 17.67 Cr. | 11.48 Cr. |
| 2026 | 59.62 Cr. | 42.34 Cr. | 25.85 Cr. | 12.20 Cr. |
* Amounts reported in ₹ Crores as sourced from company regulatory filings (RHP/DRHP).
Black Opal Consultants IPO Valuation & KPIs
Key metrics pre-issueBlack Opal Consultants Peer Group Comparison
Listed industry peers| Company Name | P/E | EPS (₹) | RoNW (%) | NAV (₹) | Total Income |
|---|---|---|---|---|---|
| Homesfy Realty Limited | NA | (63.50) | (68.98)% | 92.06 | 41.97 Cr. |
About Black Opal Consultants
Black Opal Consultants operates as a financial and real estate consultancy firm providing integrated real estate solutions. The company generates revenue primarily through brokerage income from selling residential and commercial properties under exclusive sales mandates with real estate developers. Additionally, it earns revenue from loan syndication fees, advisory services, and real estate project development activities. Its core business activities include acting as a channel partner for property sales, offering real estate advisory, and facilitating property financing. The company’s operations are geographically concentrated in Uttar Pradesh and Haryana, specifically in Noida, Greater Noida, and Gurugram. It is also diversifying into real estate development, including a commercial hotel project named Veda in Ayodhya through its subsidiary entity, Aurika Developers. Furthermore, the company engages in inventory underwriting for real estate developers and is developing a digital property platform called JustHomz through its wholly owned subsidiary, Black Opal Technologies.
Black Opal Consultants IPO Reservation & Share Quotas
The Black Opal Consultants IPO reservation details show the allocation of shares across anchor investors, qualified institutional buyers, non- institutional investors, and retail investors.
| Investor Category | Share Offered | -% Shares |
|---|---|---|
| Anchor Investor | 7,96,800 Shares | 28.50% |
| QIB (Ex. Anchor) | 5,31,000 Shares | 18.99% |
| NII Shares Offered | 3,98,400 Shares | 15% |
| Retail Shares Offered | 9,30,000 Shares | 35% |
Note: The reservation figures are based on the share allocation details provided for the Black Opal Consultants IPO.
Black Opal Consultants IPO Anchor Investors
The Black Opal Consultants IPO anchor investor allocation provides details of the anchor bidding date, shares reserved for anchor investors, total anchor allocation size, and the applicable lock-in periods.
| Particular | Details |
|---|---|
| Anchor Bidding Date | September 28, 2026 |
| Shares Offered | 7,96,800 Shares |
| Anchor Size | ₹15.69 Cr. |
| Lock-in Period End Date – 50% Shares (30 Days) | November 4, 2026 |
| Lock-in Period End Date – 50% Shares (90 Days) | January 3, 2027 |
Note: The anchor investor details are based on the allocation information provided for the Black Opal Consultants IPO.
Black Opal Consultants IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 29 Sept 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Refunds | 06 Oct 2026 |
| Credit to Demat Account | 06 Oct 2026 |
| IPO Listing Date | 07 Oct 2026 |
Note: The timeline for ब्लैक ओपल कंसल्टेंट्स IPO is tentative and subject to change.
Black Opal Consultants Promoters and Shareholding Pattern
The promoters of Black Opal Consultants are Prasoon Chauhan and Sheikh Arfeen Ahmed. The holding pattern below shows the shareholding of the promoter and promoter group before and after the IPO, along with the corresponding ownership percentages.
Promoters
The promoters of the company are Prasoon Chauhan and Sheikh Arfeen Ahmed.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
|---|---|---|---|---|
| Promoter and Promoter Group | 82,22,410 | 98.6% | 7,664,410 | 72.46% |
| Others* | 1,16,780 | 1.40% | 2,912,780 | 27.54% |
| Total | 83,39,190 | 100% | 1,05,77,190 | 100% |
Note: The holding pattern is based on the shareholding figures provided for the Black Opal Consultants IPO.
Black Opal Consultants Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
|---|---|
| Funding for securing sales and marketing mandates | 7 (15.88%) |
| Investment in Aurika Developers LLP for Ayodhya project development | 26 (58.97%) |
| General Corporate Purposes | 11.09 (25.15%) |
Note: Objectives are as specified in the DRHP/RHP documents of ब्लैक ओपल कंसल्टेंट्स.
Black Opal Consultants About the IPO
Black Opal Consultants, founded in 2020, is one of the leading real estate companies that partners with real estate developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M to market and sell their residential and commercial projects. Its service offerings include Consulting & Advisory Services, Exclusive Sale Arrangements, Loan Syndication Services, and Real Estate Development.
Black Opal gets permission from the developer to market and sell certain apartments or residences with exclusive and semi-exclusive rights, and in return it receives brokerage/commission from the developer. The firm has a network of 200 brokers and also uses platforms like Facebook and Google for marketing projects. The firm mainly sells residential and commercial properties that are either newly launched or still under construction.
Black Opal Consultants Company Financial Report
| Period | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | 19.91 Cr. | 14.10 Cr. | 4.32 Cr. | 13.14 Cr. |
| 2025 | 33.04 Cr. | 17.67 Cr. | 11.48 Cr. | 22.44 Cr. |
| 2026 | 42.34 Cr. | 25.85 Cr. | 12.20 Cr. | 59.62 Cr. |
Note: Financial numbers for ब्लैक ओपल कंसल्टेंट्स are in ₹ Crores unless stated otherwise.
Black Opal Consultants Company Valuation & Key Performance Indicators
| KPI | Values |
|---|---|
| ROE | 46.03% |
| ROCE | 40.12% |
| EBITDA Margin | 40.62% |
| PAT Margin | 29.11% |
| Debt to Equity Ratio | 0.29 |
| Earning Per Share (EPS) | 14.65 (Basic) |
| Price/Earning P/E Ratio | - |
| Return on Net Worth (RoNW) | 37.40% |
| Net Asset Value (NAV) | 39.17 |
Note: Valuation KPIs for ब्लैक ओपल कंसल्टेंट्स are computed for FY2026.
Black Opal Consultants Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Homesfy Realty Limited | (63.50) | NA | (68.98)% | 92.06 | 41.97 Cr. |
Note: Peer group comparisons for ब्लैक ओपल कंसल्टेंट्स are sourced from DRHP filings.
Black Opal Consultants Lead Managers & Merchant Bankers
- Khambatta Securities Ltd.
Black Opal Consultants IPO FAQs
Black Opal Consultants IPO opens for subscription on 28 September 2026 and closes on 30 September 2026.
The price band for Black Opal Consultants IPO is set at ₹185.00 to ₹197.00 per share.
The minimum market lot size is 600 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 1,200 Shares (₹2,36,400).
The latest Grey Market Premium (GMP) for Black Opal Consultants IPO is ₹3.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Black Opal Consultants IPO is tentatively scheduled for 4 October 2026, and shares are expected to list on the stock exchanges on 6 October 2026.
Skyline Financial Services Pvt. Ltd. is the official registrar for Black Opal Consultants IPO. Investors can check their IPO allotment status directly on the registrar's portal once finalized.