Minimum Investment
About Company
Company Name: Black Opal Consultants Limited
Industry / Sector: Real Estate Services / Property Consulting & Advisory
Founded Year: September 15, 2020
Promoters: Prasoon Chauhan, Sheikh Arfeen Ahmed
Black Opal Consultants Limited operates as a real estate services platform focused on the marketing and sale of residential and commercial properties. It partners with reputed developers, including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M, enabling it to offer a curated portfolio of real estate opportunities across key markets in the National Capital Region (NCR). Black Opal primarily earns revenue through brokerage and consultancy income generated from developer mandates. The company secures exclusive or semi-exclusive rights to market and sell project inventories on behalf of developers and, in certain cases, advances funds to developers to obtain underwriting and exclusive sales rights for selected inventories. The company has built a strong distribution network supported by more than 200 broker associates and extensive strategic partnerships. It also leverages digital marketing channels, including social media platforms and search engines, to increase project visibility, generate leads and expand customer outreach. Black Opal has entered the development business through Aurika Developers LLP, with its first project, “Veda”, a commercial and hospitality project in Darshan Nagar, Ayodhya. According to the company, it has facilitated property sales worth more than ₹4,000 crore since its inception.
IPO Basic Details
| Company Name | Black Opal Consultants Limited |
| IPO Type | SME IPO |
| Price Band | ₹185 – ₹197 |
| Lot Size | 600 Shares |
| Total Issue Size | 27,96,000 Equity Shares (₹55.08 Cr) |
IPO Strengths & Risks
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
Risks
- The company's business is heavily dependent on the real estate sector and developer relationships
- Revenue is concentrated with a limited number of developers
- The company operates in a competitive real estate advisory market
- Regulatory risks related to real estate development and RERA compliance
- The company has limited operating history as a public limited company
IPO Important Dates
| IPO Open Date | 29 Sep 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Refund Initiation | 06 Oct 2026 |
| Demat Credit Date | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 49.99% of Net Issue (13,27,800 shares) |
| Retail Quota | 35.01% of Net Issue (9,30,000 shares) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 1200 | ₹2,36,400 |
| Retail Maximum | 2 Lots | 1200 | ₹2,36,400 |
| S-HNI Minimum | 3 Lots | 1800 | ₹3,54,600 |
| S-HNI Maximum | 8 Lots | 4800 | ₹9,45,600 |
| B-HNI Minimum | 9 Lots | 5400 | ₹10,63,800 |
Key Performance Indicators (KPI)
| ROE | 56.25% |
| ROCE | 75.05% |
| RoNW | - |
| PAT Margin | 34.94% |
| EBITDA Margin | 47.07% |
| EPS | ₹14.63 (Pre-IPO), ₹11.54 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.01 |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 | ₹59.62 Cr | ₹42.34 Cr | ₹12.20 Cr | ₹17.05 Cr | ₹32.67 Cr | ₹9.52 Cr |
| FY2025 | ₹22.44 Cr | ₹33.04 Cr | ₹11.48 Cr | ₹15.65 Cr | ₹20.41 Cr | ₹0.20 Cr |
| FY2024 | ₹13.14 Cr | ₹19.91 Cr | ₹4.32 Cr | ₹6.09 Cr | ₹8.93 Cr | ₹1.60 Cr |
Grey Market Premium
| GMP Price | Not Available |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Not Available |
| Estimated Listing Price | TBA |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Skyline Financial Services Pvt. Ltd.
Registrar Website: Not explicitly stated in the source
IPO Lead Manager(s)
Company Information
Address: Shop No. 8, Ground Floor, C.S.C. AGCR Enclave, Delhi, New Delhi - 110092
Website: Not explicitly stated in the source
Email: investors@blackopalgroup.in
Phone: +91 9999560810
IPO Documents
Frequently Asked Questions (FAQ)
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