BLACK OPAL CONSULTANTS LTD IPO
BLACK OPAL CONSULTANTS LTD is a SME IPO with a current status of LISTED. The price band is 185 - 197. The issue opens on 29 SEP and closes on 01 OCT. The listing date is 07 OCT.
Price Band
185 - 197
Unofficial GMP
₹90
Lot Size
600 shares
Minimum Investment
₹2,22,000
BLACK OPAL CONSULTANTS LTD IPO GMP
The latest available GMP is ₹90. Grey Market Premium is unofficial, may change frequently and does not guarantee the listing price, listing gains or investment returns.
Estimated Listing Price
₹287.00
Estimated Gain
+45.7%
BLACK OPAL CONSULTANTS LTD IPO GMP History
0
27 SEP
0
28 SEP
0
29 SEP
40
30 SEP
66
01 OCT
66
02 OCT
100
05 OCT
90
06 OCT
BLACK OPAL CONSULTANTS LTD IPO Details
- IPO Type
- SME
- Status
- LISTED
- Price Band
- 185 - 197
- Issue Size
- 55.08
- Issue Type
- Book Build Issue
- Fresh Issue
- 41.33 CR
- Offer for Sale
- 10.99 CR
- Face Value
- 10
- Lot Size
- 600
- Minimum Investment
- 2,22,000
- Exchange
- BSE SME
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead Managers
- Khambatta Securities Ltd.
- Market Maker
- 2.75 CR
BLACK OPAL CONSULTANTS LTD IPO Dates
- Open Date
- 29 SEP
- Close Date
- 01 OCT
- Allotment Date
- 05 OCT
- Refund Date
- 06 OCT
- Demat Credit Date
- 06 OCT
- Listing Date
- 07 OCT
BLACK OPAL CONSULTANTS LTD IPO Subscription
- QIB
- 4.38x
- NII / HNI
- 43.00x
- Retail
- 27.20x
- Employee
- --
- Total Subscription
- 25.40x
BLACK OPAL CONSULTANTS LTD IPO Financials
Revenue
FY2026
₹41.96 Cr
+27.69% vs FY2025
PAT
FY2026
₹12.21 Cr
+6.36% vs FY2025
Total Assets
FY2026
₹59.62 Cr
+165.69% vs FY2025
| Particulars | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | 19.75 | 32.86 | 41.96 |
| Net Profit | 4.32 | 11.48 | 12.21 |
| Total Assets | 13.13 | 22.44 | 59.62 |
BLACK OPAL CONSULTANTS LTD IPO Valuation
- Market Cap (Post IPO)
- ₹208.37 Cr.
- EPS
- 14.63
- P/E Ratio
- 13.47
- Price to Book Value
- 5.03
- Industry P/E
- 13.45x
- ROE
- 46.03%
- ROCE
- 40.12%
- RONW
- 37.40%
- Debt / Equity
- 0.29%
- PAT Margin
- 29.11%
- EBITDA Margin
- 40.62%
- Valuation
- ATTRACTIVE
BLACK OPAL CONSULTANTS LTD IPO Market Lot
| Category | Lots | Shares | Investment |
|---|---|---|---|
| Retail Minimum | 2 | 1,200 | ₹2,36,400 |
| Retail Maximum | 2 | 1,200 | ₹2,36,400 |
| Small HNI | 3 | 1,800 | ₹2,36,400 |
| Big HNI | 9 | 5,400 | ₹10,63,800 |
BLACK OPAL CONSULTANTS LTD IPO Reservation
- QIB
- 49.99%
- NII / HNI
- 15.00%
- Retail
- 35.01%
BLACK OPAL CONSULTANTS LTD Promoter Holding and Anchor Allocation
- Pre-IPO Promoter Holding
- 98.60%
- Post-IPO Promoter Holding
- 72.46%
BLACK OPAL CONSULTANTS LTD Company Overview
1. Black Opal Consultants Limited is a real-estate consultancy company involved in facilitating the sale of residential and commercial properties. 2. The company works with reputed real-estate developers and earns brokerage and related fees for facilitating property sales. 3. Residential properties contributed approximately 97.62% of revenue from operations in FY2026. 4. The company also provides services related to loan syndication and financing assistance. 5. Its operations are primarily concentrated in Uttar Pradesh and Haryana. 6. The company has developed a network of more than 200 broker associates, particularly across the Delhi-NCR market. 7. Black Opal is also expanding into real-estate development through group entities, including its investment in Aurika Developers LLP. 8. The company is moving beyond its traditional brokerage model toward participation in selected real-estate development projects.
BLACK OPAL CONSULTANTS LTD Business Model
1. The core business of Black Opal Consultants is facilitating the sale of residential and commercial properties on behalf of real-estate developers. 2. The company generally earns brokerage income from successful property transactions. 3. It works with developers to market and sell their residential and commercial inventory. 4. The company has relationships with several real-estate developers and undertakes sales and marketing mandates. 5. Its business is supported by a network of more than 200 broker associates. 6. The company also provides loan-syndication services to customers purchasing real estate. 7. Through group entities, the company is expanding into real-estate development activities. 8. The Ayodhya project through Aurika Developers LLP represents an important part of its proposed expansion strategy.
BLACK OPAL CONSULTANTS LTD Objects of the Issue
1. ₹7.00 crore is proposed to be used for funding deposits required to secure sales and marketing mandates. 2. ₹26.00 crore is proposed to be invested in Aurika Developers LLP for financing the development of its Ayodhya project. 3. The proposed investment in Aurika Developers LLP is intended to support the development of the Ayodhya real-estate project. 4. The remaining IPO proceeds are proposed to be used for general corporate purposes. 5. The fresh issue component of the IPO will provide funds directly to the company for these stated objectives. 6. The IPO therefore combines funding for the existing brokerage business with expansion into real-estate development.
BLACK OPAL CONSULTANTS LTD Strengths
1. ₹7.00 crore is proposed to be used for funding deposits required to secure sales and marketing mandates. 2. ₹26.00 crore is proposed to be invested in Aurika Developers LLP for financing the development of its Ayodhya project. 3. The proposed investment in Aurika Developers LLP is intended to support the development of the Ayodhya real-estate project. 4. The remaining IPO proceeds are proposed to be used for general corporate purposes. 5. The fresh issue component of the IPO will provide funds directly to the company for these stated objectives. 6. The IPO therefore combines funding for the existing brokerage business with expansion into real-estate development.
BLACK OPAL CONSULTANTS LTD Risks
1. A substantial portion of revenue comes from a limited number of major customers and developer relationships. 2. The company generally does not have long-term contractual arrangements with all major customers. 3. A slowdown in the real-estate market could reduce property transactions and brokerage income. 4. The company's operations are geographically concentrated mainly in Uttar Pradesh and Haryana. 5. The company is entering real-estate development activities without the same operating history as its established brokerage business. 6. The proposed Ayodhya project involves execution, construction, sales and market-demand risks. 7. Competition from other property brokers, consultants and real-estate platforms may affect business growth. 8. Changes in interest rates, property regulations and real-estate demand can affect the company's business. 9. Delays in obtaining approvals or completing development projects could affect expected returns. 10. The company has disclosed a pending criminal proceeding under Section 138 of the Negotiable Instruments Act, which is a matter investors should consider separately from its operating performance.
BLACK OPAL CONSULTANTS LTD Frequently Asked Questions
What is the BLACK OPAL CONSULTANTS LTD IPO price band?
The BLACK OPAL CONSULTANTS LTD IPO price band is 185 - 197.
What is the latest BLACK OPAL CONSULTANTS LTD IPO GMP?
The latest available BLACK OPAL CONSULTANTS LTD IPO GMP in the IPOWEB database is ₹90. GMP is unofficial and does not guarantee a listing gain.
When does the BLACK OPAL CONSULTANTS LTD IPO open and close?
The BLACK OPAL CONSULTANTS LTD IPO opens on 29 SEP and closes on 01 OCT.
When is the BLACK OPAL CONSULTANTS LTD IPO allotment date?
The BLACK OPAL CONSULTANTS LTD IPO allotment date is 05 OCT.
When is the BLACK OPAL CONSULTANTS LTD IPO listing date?
The BLACK OPAL CONSULTANTS LTD IPO listing date is 07 OCT.
What is the BLACK OPAL CONSULTANTS LTD IPO subscription?
The latest total subscription available for the BLACK OPAL CONSULTANTS LTD IPO is 25.40x.