BLACK OPAL CONSULT...● IPO DETAIL◆ GMP+₹36◆ STATUSListed◆ IPOCloudTrack Every IPO◆ BLACK OPAL CONSULT...● IPO DETAIL◆ GMP+₹36◆ STATUSListed◆ IPOCloudTrack Every IPO◆
Live GMP
Back to IPOs
Black Opal Consultants Ltd

Black Opal Consultants Ltd

BSE SME · SME IPO
Listed BSE SME SME Live Chart
Issue Price
₹197
₹197
GMP (Grey Market)
+₹36
+18.27%
Est. Listing Price
₹233
Based on GMP
Min. Investment
₹118,200
1 lot × 600 shares
Subscribed
51.79x
Over-subscribed
IPO Details
Open Date
29 Sep 2026
Close Date
01 Oct 2026
Allotment
05 Oct 2026
Listing Date
07 Oct 2026
Exchange
BSE SME
Price Band
₹197
Listing Price
See chart
Allotment Status
Price Band
₹197
Per share
Face Value
₹10 per share
 
Lot Size
600 Shares
per lot
Issue Size
27,96,000 shares (agg. up to ₹55 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹118,200
1 lot
Pre-IPO Holding
83,39,190 shares
Promoters
Post-IPO Holding
1,05,77,190 shares
Promoters
P/E (Pre)
13.47x
 
P/E (Post)
17.07x
 
EPS (Pre)
₹14.63
 
EPS (Post)
₹11.54
 
UPI Deadline
5:00 PM on 01 Oct 2026
Mandate
GMP
+₹36
+18.27% est.
Anchor AllotmentMon, 28 Sep 2026
Basis of AllotmentMon, 05 Oct 2026
Refund InitiationTue, 06 Oct 2026
Demat CreditTue, 06 Oct 2026
Listing DayWed, 07 Oct 2026
UPI Mandate Deadline5:00 PM on 01 Oct 2026
Sale TypeFresh capital cum OFS
Net Offer to Public26,56,200 shares (agg. up to ₹52 Cr)
Market Maker Quota1,39,800 shares (agg. up to ₹3 Cr)
Fresh Issue Shares20,98,200 shares (agg. up to ₹41 Cr)
Offer for Sale5,58,000 shares of ₹10 (agg. up to ₹11 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Black Opal Consultants Ltd IPO subscribed 51.79 times overall. Retail: 59.54x. QIB: 24.58x. NII: 124.27x. By 01 Oct 2026.
QIB
24.58x
Over
NII/HNI
124.27x
Over
Retail
59.54x
Over
Total
51.79x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
Market Maker
Awaited
139,800
— ₹2.75
QIB
Over 24.58x
1,327,200
— ₹26.15
NII / HNI
Over 124.27x
399,000
— ₹7.86
Retail
Over 59.54x
930,000
— ₹18.32
Total 51.79x
2,656,200
100% ₹52.33
IPO Shares Offered
Black Opal Consultants Ltd IPO total issue size: ₹52.33 Cr. Retail: ₹18.32 Cr. QIB: ₹26.15 Cr. NII: ₹7.86 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
QIB 1,327,200 ₹26.15
49.97%
Market Maker 139,800 ₹2.75
5.26%
NII 399,000 ₹7.86
15.02%
Retail 930,000 ₹18.32
35.01%
Total 2,656,200 ₹52.33
100.00%
* Based on upper price band ₹197 per share
Basis of Allotment
QIB NII Retail Total
Ex. Anchor Anchor Total QIB Below ₹10L Above ₹10L Total NII
Allocation (shares) — — — — — 399,000 930,000 1,329,000
Allotment price (₹) 197 197 197 197 197 197 197 197
No. of applications — — — — — — — —
No. of shares applied — — — — — — — —
Amount collected (₹Cr) — — — — — — ₹18.32 ₹18.32
Times subscribed 24.58x — — — — 124.27x 59.54x 51.79x
Shares allotted — — — — — 399,000 930,000 1,329,000
No. of allottees — — — — — — — —
* Upper price band ₹197 · ** Anchor allotment excluded from public shares
Lot Size & Investment
Lot Size
600
Shares per Lot
Issue Price
₹197.00
Upper Band
Min Investment
₹118,200
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)21,200₹236,400
Retail (Max — 13 Lots)137,800₹1,536,600
S-HNI (Min — 14 Lots)148,400₹1,654,800
B-HNI (Min — 68 Lots)6840,800₹8,037,600
* Issue Price ₹197 × Lot Size 600 shares
IPO Schedule
Anchor
28 Sep 2026
✓ Done
IPO Open
29 Sep 2026
✓ Done
IPO Close
01 Oct 2026
✓ Done
Allotment
05 Oct 2026
✓ Done
Refunds
06 Oct 2026
✓ Done
Demat Credit
06 Oct 2026
✓ Done
Listing Day
07 Oct 2026
✓ Done
Black Opal Consultants Ltd — Live Price LIVE
₹197.00
INR · BSE
Fetching…
vs Issue Price
—
OPEN
—
HIGH
—
LOW
—
MKT CAP
—
P/E
—
52W HIGH
—
52W LOW
—
VOLUME
—
DIVIDEND
—
DIV YIELD
—
Loading…
Chart Not Available
Try again 2–3 days after listing.
Issue ₹197.00 GMP: +₹36 Live Price
About Black Opal Consultants Ltd
Incorporated in 2020, Black Opal Consultants Limited works with well-known real estate developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M to market and sell their residential and commercial projects. The Company signs exclusive or semi-exclusive sales rights to market and sell specific units within a project in return for brokerage income. The Company also works with its Group Entities, such as Aurika Homes Private Limited to market and sell Aurika Homes’ projects in return for brokerage income. This helps strengthen group synergies and enhances business growth.Service Offerings:Consulting & Advisory ServicesExclusive Sale Arrangements: Commission or margin on the sale of underwritten/exclusively mandated inventorieLoan Syndication Services: Commissions or success fees for arranging developer and buyer financing.Real Estate Development through group entities operating in Tier -II cities in IndiaThe Company works in both residential and commercial segments, mainly focusing on new and under-construction properties. It supports developers in selling their projects and helps customers buy properties. Black Opal has a network of more than 200 brokers, which helps expand its reach. It also uses platforms like Facebook and Google for marketing.Black Opal has entered the development business through Aurika Developers LLP. Its first project, “Veda”, is a commercial and hospitality project in Darshan Nagar, Ayodhya.Key strengthsIn-depth Asset & Project Management Expertise and Proven Track Record in Project SalesExperienced Professional TeamStrategic Partnerships with Developers such as Gaurs Group, SKA, Shapoorji Pallonji, Max Estates, and M3M for Exclusive MandateStrong and Reputed Customer BaseStrategic Foray into High-Margin Real Estate Development with Tier II City Focus Strengthen Agent Network Through Training and Support
Objects of the Issue
1
Funding for securing Sales/Marketing mandates
2
Investment in Aurika Developers LLP, one of Group Entity, for financing the development of its Ayodhya Project
3
General Corporate Purposes
Black Opal Consultants Ltd Financials (Amount in Rs Cr)
Revenue from Operations
₹19.9
31 Mar 2024
₹33.0
31 Mar 2025
₹42.3
31 Mar 2026
Profit After Tax (PAT)
₹4.3
31 Mar 2024
₹11.5
31 Mar 2025
₹12.2
31 Mar 2026
Particulars31 Mar 202631 Mar 202531 Mar 2024
Revenue from Operations 42.34 33.04 19.91
EBITDA 17.05 15.65 6.09
Profit After Tax (PAT) 12.20 11.48 4.32
Net Worth 32.67 20.41 8.93
Total Assets 59.62 22.44 13.14
Reserves & Surplus 243.26 195.77 80.96
Borrowings 9.52 0.20 1.60
EBITDA Margin (%) 47.07 — —
PAT Margin (%) 34.94 — —
P/BV Ratio
0.80
RoE
56.25
RoCE
75.05
RoNW
56.25
PAT Margin
34.94
EBITDA Margin
47.07
Debt/Equity
0.01
Issue Structure & Shareholding
Total Shares Offered27,96,000
Net Offer to Public26,56,200 shares (agg. up to ₹52 Cr)
Reserved for Market Maker1,39,800 shares (agg. up to ₹3 Cr)
Pre-Issue Promoter Holding83,39,190 shares
Post-Issue Promoter Holding1,05,77,190 shares
P/BV Ratio0.80
RoE56.25
RoCE75.05
Debt / Equity0.01
Script CodeN/A
Registrar & Lead Managers
IPO Registrar
Skyline Financial Services Pvt.Ltd
Check Allotment
Book Running Lead Managers
Khambatta Securities Ltd
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Black Opal Consultants Ltd IPO subscribed? ▲

Black Opal Consultants Ltd IPO is subscribed 51.79 times by Oct 01, 2026. Retail: 59.54x. QIB: 24.58x. NII: 124.27x.

Investor CategorySubscription
Qualified Institutional (QIB)24.58x
Non Institutional (NII/HNI)124.27x
Retail Individual59.54x
Total Subscription51.79x
What is Black Opal Consultants Ltd IPO retail subscription status? ▼

The Black Opal Consultants Ltd IPO retail category is subscribed 59.54 times as of 01 Oct 2026. The retail portion is oversubscribed.

How to subscribe Black Opal Consultants Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 29 Sep 2026 and closes 01 Oct 2026. Min investment: ₹118,200 (1 lot = 600 shares). UPI mandate: 5:00 PM on 01 Oct 2026.

How many times Black Opal Consultants Ltd IPO subscribed? ▼

The Black Opal Consultants Ltd IPO subscribed 51.79x overall. QIB: 24.58x, NII: 124.27x, Retail: 59.54x. Applications: from NSE/BSE.

How to check Black Opal Consultants Ltd IPO allotment? ▼

Check allotment on the registrar website (Skyline Financial Services Pvt.Ltd) at https://www.skylinerta.com/ipo.php. Enter your PAN, application number or DP/Client ID. Allotment date: 05 Oct 2026. Refunds: on 06 Oct 2026.

When Black Opal Consultants Ltd IPO will be listed? ▼

The Black Opal Consultants Ltd IPO listing date is 07 Oct 2026, Wednesday. Listed on: BSE SME. Issue price: ₹197. Estimated listing: ₹233. GMP: +₹36.

When Black Opal Consultants Ltd IPO close? ▼

The Black Opal Consultants Ltd IPO closes on 01 Oct 2026, Thursday. UPI mandate: 5:00 PM on 01 Oct 2026. Allotment: 05 Oct 2026. Listing: 07 Oct 2026.