Search IPOs
BLACKOPAL · BSE · Residential, Commercial Projects
Black Opal Consultants IPO closed on 01 Oct 2026 with 73.80x overall subscription . The basis of allotment is finalised on 05 Oct 2026 , and the stock will list on 07 Oct 2026 on BSE . The IPO price band was ₹185-₹197.
Black Opal Consultants IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 29 Sep 2026 |
| IPO Close Date | 01 Oct 2026 |
| Basis of Allotment | 05 Oct 2026 |
| Initiation of Refunds | 06 Oct 2026 |
| Credit of Shares to Demat | 06 Oct 2026 |
| Listing Date | 07 Oct 2026 |
Issue Size
2,796,000 shares
(aggregating up to ₹55.00 Cr)
Issue Price
₹185 – ₹197
Face Value
₹10/share
Market Lot
600 shares
Retail Min Investment
₹236,400
Listing At
BSE
Sale Type
both
Fresh Issue
2,098,200 shares
(aggregating up to ₹41 Cr)
Offer for Sale
558,000 shares
(aggregating up to ₹11 Cr)
Reserved for Market Maker
139,800 shares
(aggregating up to ₹3.00 Cr)
Issue Type
book building
Open Date
29 Sep
Close Date
01 Oct
Allotment
05 Oct
Listing
07 Oct
Last updated: 10 hours ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 05 Oct 2026 Latest | ₹197 | ₹100 | ₹297 | ₹100 |
50.76%
|
2:02 PM |
| 05 Oct 2026 | ₹197 | ₹100 | ₹297 | ₹100 |
50.76%
|
1:30 PM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 01 Oct 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 59.77x | - |
| NII | 124.29x | - |
| bNII (bids above ₹10L) | 145.19x | - |
| sNII (bids below ₹10L) | 82.56x | - |
| Individual Investors | 60.15x | - |
| Total | 73.8x | - |
Showing the latest subscription snapshot.
View full subscription historyPrasoon Chauhan and Sheikh Arfeen Ahmed
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹236,400 |
| Retail (Max) | 2 | 1,200 | ₹236,400 |
| S-HNI (Min) | 3 | 1,800 | ₹354,600 |
| S-HNI (Max) | 8 | 4,800 | ₹945,600 |
| B-HNI (Min) | 9 | 5,400 | ₹1,063,800 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 1,327,200 (47.47%) |
|
•
Anchor Investor Shares Offered
|
796,200 (28.48%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
531,000 (18.99%) |
| NII (HNI) Shares Offered | 398,400 (14.24%) |
|
•
bNII > ₹10L
|
265,200 (9.48%) |
|
•
sNII < ₹10L
|
133,200 (4.76%) |
| Individual Investors Shares Offered | 930,788 (33.29%) |
| Market Maker Shares Offered | 139,800 (5.00%) |
| Total Shares Offered | 2,796,188 (100.00%) |
Black Opal Consultants Limited is headquartered in New Delhi and works in the real estate services sector as a real estate-focused advisory, sales and asset management firm operating under the Black Opal Group.
The company facilitates the sale of residential and commercial properties developed by third-party developers in exchange for brokerage or commission, obtaining exclusive or semi-exclusive marketing and sales rights from developers, with a particular focus on luxury properties. It has partnered with more than 25 developers, including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M, and has sold over 2,000 units as of its DRHP filing, supported by a network of more than 200 broker associates. The company also offers strategy, marketing, construction management and financial advisory services for real estate projects. The promoters, including Prasoon Chauhan, bring about 18 years of combined experience in real estate and banking.
Revenue rose to Rs 199.05 crore in 2024, with the company reporting profit after tax of about Rs 11.48 crore in FY25 and Rs 4.39 crore for the quarter ended June 2025, as per the DRHP filed with SEBI in November 2025. The IPO is an SME book-built issue of about Rs 55.08 crore on the BSE SME platform, comprising a fresh issue of about Rs 44.09 crore (22,38,800 equity shares) and an offer for sale of about Rs 10.99 crore (5,58,000 equity shares), priced at Rs 185-197 per share, with subscription scheduled for September 29 to October 1, 2026. Detailed objects-of-the-issue figures were not confirmed at the time of writing.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Mar 2026 |
|---|---|---|---|
| Total Revenue | 199.05 | 330.43 | 42.34 |
| Profit After Tax (PAT) | 43.23 | 114.81 | 12.2 |
| EBITDA | 59.4 | 154.69 | 17.05 |
| Total Assets | 131.35 | 224.43 | 59.62 |
| Net Worth | 89.3 | 204.11 | 32.67 |
| Reserves & Surplus | 80.96 | 195.77 | 243.26 |
| Total Borrowing | 16.01 | 2.03 | 9.52 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 56.25% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 75.05% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 56.25% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 34.94% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 47.07% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | 0.01x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 0.8x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹14.63 | ₹11.54 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 13.47x | 17.07x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹164 Cr | ₹208 Cr |
The basis of allotment for Black Opal Consultants IPO was finalised on 05 Oct 2026. You can check your allotment status using your PAN number or application number on the Skyline Financial Services Pvt.Ltd. portal or BSE.
The Black Opal Consultants IPO is expected to open in Sep 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Black Opal Consultants IPO is ₹185.00 - ₹197.00 per share.
As per market sources, Black Opal Consultants IPO GMP is currently ₹100.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Black Opal Consultants IPO stands at 73.80x overall.
The listing date for Black Opal Consultants IPO is 07 Oct 2026.
No comments yet. Be the first to comment!
