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Black Opal Consultants Limited

SMElistedBSE SME
29 Sep 2026 – 01 Oct 2026
LISTED
Offer Price
₹185–197
Bid lot
600
Min Application
₹2,36,400
Issue Size
₹55 Cr

Key dates

Open date
29 Sep 2026
Done
Close date
01 Oct 2026
Done
Basis of allotment
05 Oct 2026
Done
Initiation of refunds
05 Oct 2026
Done
Credit to demat
05 Oct 2026
Done
Listing date
07 Oct 2026
Done

Issue reservation

₹55 Cr
QIB 47.49%9.5%Retail 33.26%5%
QIB
13.3 L sh · ₹26.12 Cr
47.49%
HNI (10L+)
2.7 L sh · ₹5.22 Cr
9.5%
HNI (2-10L)
1.3 L sh · ₹2.61 Cr
4.75%
Retail
9.3 L sh · ₹18.29 Cr
33.26%
Market maker
1.4 L sh · ₹2.75 Cr
5%
Applications required for 1× subscription
Retail (≤₹2L)
775 forms
S-HNI (₹2–10L)
74 forms
B-HNI (>₹10L)
49 forms
From this issue's reservation split and lot size — the minimum bid each category can place.
BRLM: Khambatta Securities Limited

Lot ladder — how much to bid

1 lot = 600 shares
Individual · up to ₹2 L2+ lots
Min · 2 lots
1,200 sh · ₹2,36,400
Entry point
₹2,36,400 onward
sHNI · ₹2 L to ₹10 L3+ lots
Min · 3 lots
1,800 sh · ₹3,54,600
Entry point
₹3,54,600 onward
bHNI · Above ₹10 L9+ lots
Min · 9 lots
5,400 sh · ₹10,63,800
Entry point
₹10,63,800 onward

Issue details

Lead managersKhambatta Securities Limited
Fresh issue22,38,000 sh · ₹44 Cr
Offer for sale5,58,000 sh · ₹11 Cr
Face value₹10
Listing onBSE SME
RegistrarSkyline Financial Services Pvt.Ltd.
Grey-market sentiment
No grey-market data yet.
Financials

Particulars

FY26

FY25

FY24

Assets

59.62

22.44

13.14

Total Income

42.34

33.04

19.91

PAT

12.2

11.48

4.32

Net Worth

32.67

20.41

8.93

Reserves & Surplus

243.26

195.77

80.96

Total Borrowings

9.52

0.2

1.6

Objects of the issue

  • Sales & Marketing: ₹7 Cr – Acquire new inventories.

  • Aurika Developers LLP: ₹26 Cr – Fund Veda project, Ayodhya.

  • Corporate Purposes: Working capital and business growth.

About the company

Black Opal Consultants Limited, incorporated in 2020, is a real estate sales and consulting company working with developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M. It earns brokerage income through exclusive/semi-exclusive sales mandates for residential and commercial projects.

Its key services include real estate consulting, exclusive sales arrangements, and loan syndication. The company has a network of 200+ brokers and uses digital marketing platforms such as Google and Facebook to reach customers.

Black Opal has also entered real estate development through group entity Aurika Developers LLP. Its first project, Veda, is a commercial and hospitality development in Darshan Nagar, Ayodhya.

Company strengths

  • Proven project sales expertise

  • Experienced management team

  • Strong developer partnerships

  • Reputed customer and agent network

  • Expansion into Tier-II development

  • Agent training and support

Promoters

Prasoon ChauhanSheikh Arfeen Ahmed

Registered office & contact

Black Opal Consultants Limited

Address - Shop No. 8, Ground Floor

C.S.C. AGCR Enclave,

Delhi, New Delhi, 110092

📞 +91 9999560810

✉️ investors@blackopalgroup.in

How to apply
1Create your account & log inSign up on Investoyard and complete a quick KYC.
2Pick the IPO & tap ApplyOpen the live IPO and choose your investor category.
3Enter bid & quantityUp to 3 bids · cut-off or price band · retail cap ₹2,00,000.
4Approve the UPI mandateYou receive a fund-block request on your UPI app.
5DoneFunds stay blocked until allotment, then auto-debited (or released).
Frequently asked questions
What is the minimum investment in the BLACK OPAL CONSULTANTS LIMITED IPO?

One lot of 600 shares — ₹2,36,400 at the upper price band of ₹197.

How many bids can I place?

Up to 3 bids per application. Retail applications are capped at ₹2,00,000; above that you must apply in the HNI category.

When are the funds debited?

Funds are blocked via a UPI mandate at application and debited only on allotment. If shares are not allotted, the block is released automatically.

When will the shares list?

Tentative listing on 2026-10-07 on BSE SME.

₹185–197
Applications are closed.