Black Opal Consultants IPO
Market Sentiment
IPO Details
Day-wise Subscription (times subscribed)
Market Lot Size
IPO Reservation
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 19.91 | 33.04 | 42.34 |
| Expense | 14.10 | 17.67 | 25.85 |
| Profit (PAT) | 4.32 | 11.48 | 12.20 |
| Total Assets | 13.14 | 22.44 | 59.62 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Homesfy Realty Limited | -63.50 | - | -68.98 | 92.06 | 41.97 Cr |
Strengths & Risks
- Strongly subscribed — 73.9x overall (final).
- Strong institutional (QIB) demand — 59.8x.
- Revenue grew 28% in the latest reported year.
- Solid profit margin — 28.8%.
- Strong return on equity — 46%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
Compiled from this issue's live GMP, subscription, valuation and financial data, and updated as those figures change. Informational only — not investment advice. Always read the RHP before applying.
Company Information
About Black Opal Consultants
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.
Company Contact Information
Black Opal Consultants Ltd., Shop No. 8, Ground Floor, C.S.C. AGCR Enclave,, Delhi, Delhi, New Delhi, 110092
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding for securing Sales/Marketing mandates | 7.00 |
| Investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project | 25.00 |
| General corporate purposes | - |
Resources & Documents
Anchor Investors
Black Opal Consultants IPO - Quick Take
Black Opal Consultants has set a price band of Rs 185–Rs 197 per share for an issue size of Rs 55 crore. The stock listed with a 1.52% gain versus its issue price on October 07, 2026.
The issue is promoted by Prasoon Chauhan and Sheikh Arfeen Ahmed with Khambatta Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards funding for securing Sales/Marketing mandates (Rs 7 crore) and investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project (Rs 25 crore).
On fundamentals, the company is posting revenue growth of 28.2%, a profit margin of 28.8%, return on equity of 46.0% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
Frequently Asked Questions
Black Opal Consultants IPO GMP — What It Means
GMP stops mattering once the shares trade — it only ever estimated the listing price. The summary at the top of this page compares the last pre-listing GMP with how the shares actually listed. Its last GMP before listing was 4.6%. Of the 47 SME IPOs we have tracked with a final GMP under 10%, 18 listed above, 10 flat and 19 below the issue price; Black Opal Consultants listed 1.5% above its issue price.
See the full Black Opal Consultants GMP history and trend, or learn how grey market premium works and how reliable it is.
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