Black Opal Consultants 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.
IPO GMP
+₹48
+24% expected gain
Price Band
₹185 - ₹197
Lot Size
1200 shares
Min Investment
₹2,36,400
Listing Date
October 7, 2026
About Black Opal Consultants
Company overview, business, and key facts.
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.
Founded
2020
Headquarters
New Delhi
Promoters
Prasoon Chauhan, Sheikh Arfeen Ahmed
Website
http://www.blackopalgroup.in/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Black Opal Consultants IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹208.4 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
17.1x
Price to sales
4.92x
Revenue growth, 2026
+28.1%
45.8% a year over the period
Profit growth, 2026
+6.3%
68% a year over the period
Profit margin (PAT)
28.8%
EBITDA margin 40.62%
ROE / ROCE
46.03% / 40.12%
As published in the offer document
Debt to equity
0.29
Promoter holding
98.6% → 72.46%
Before → after the IPO
Issue mix
80% fresh / 20% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹57,600
1200 shares on ₹2,36,400. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 28.8% in 2026.
- GMP has been rising over the last three readings.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: listed peer comparison, published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Black Opal Consultants's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Black Opal Consultants IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Black Opal Consultants IPO is trading at a grey market premium (GMP) of +₹48 (+24% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 25.4x overall — QIB: 4.38x, NII: 43x, Retail: 27.2x.
Black Opal Consultants IPO subscription has closed. The shares are expected to list on October 7, 2026.
The minimum investment required is ₹2,36,400 for 1200 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Black Opal Consultants IPO — Frequently Asked Questions
What is Black Opal Consultants IPO GMP today?
Black Opal Consultants IPO GMP (grey market premium) today is +₹48, suggesting an estimated listing gain of +24%. GMP is indicative and subject to change.
What is the price band of Black Opal Consultants IPO?
The price band for Black Opal Consultants IPO is ₹185 - ₹197 with a lot size of 1200 shares. The minimum investment required is ₹2,36,400.
When is Black Opal Consultants IPO allotment date?
Black Opal Consultants IPO allotment is expected to be finalised on October 5, 2026. You can check your allotment status on the registrar's website (Skyline Financial Services Pvt.Ltd.) using your PAN number.
When will Black Opal Consultants IPO list on NSE/BSE?
Black Opal Consultants IPO is expected to list on BSE SME on October 7, 2026.
How to check Black Opal Consultants IPO allotment status?
To check Black Opal Consultants IPO allotment status, visit the registrar's website (Skyline Financial Services Pvt.Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Black Opal Consultants IPO?
Black Opal Consultants IPO is showing a strong GMP of +₹48 (+24%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Black Opal Consultants IPO?
The lot size for Black Opal Consultants IPO is 1200 shares per lot. The minimum investment for retail investors is ₹2,36,400. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.