Black Opal Consultants IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 29 to Oct 01 2026
Price Band
₹185 - 197
Current GMP
₹200.0 (+1.52%)
Subscription
73.80 times
IPO Details
| IPO Date | 29 Sep to 1 Oct, 2026 |
| Listing Date | Wed, Oct 7, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹185 to ₹197 |
| Issue Price | ₹197 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,96,000 shares (agg. up to ₹ 55 Cr) |
| Reserved for Market Maker | 1,39,800 shares (agg. up to ₹ 3 Cr) Share India Securities Ltd. |
| Fresh Issue (Ex Market Maker) | 20,98,200 shares (agg. up to ₹ 41 Cr) |
| Offer for Sale | 5,58,000 shares of ₹ 10 (agg. up to ₹ 11 Cr) |
| Net Offered to Public | 26,56,200 shares (agg. up to ₹ 52 Cr) |
| Share Holding Pre Issue | 83,39,190 shares |
| Share Holding Post Issue | 1,05,77,190 shares |
| BSE Script Code | 544972 |
| ISIN | INE0M3101012 |
IPO Date
29 Sep to 1 Oct, 2026
Listing Date
Wed, Oct 7, 2026
Face Value
₹ 10 per share
Price Band
₹185 to ₹197
Issue Price
₹197 per share
Lot Size
600 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Total Issue Size
27,96,000 shares (agg. up to ₹ 55 Cr)
Reserved for Market Maker
1,39,800 shares (agg. up to ₹ 3 Cr) Share India Securities Ltd.
Fresh Issue (Ex Market Maker)
20,98,200 shares (agg. up to ₹ 41 Cr)
Offer for Sale
5,58,000 shares of ₹ 10 (agg. up to ₹ 11 Cr)
Net Offered to Public
26,56,200 shares (agg. up to ₹ 52 Cr)
Share Holding Pre Issue
83,39,190 shares
Share Holding Post Issue
1,05,77,190 shares
BSE Script Code
544972
ISIN
INE0M3101012
IPO Subscription Details
| Anchor | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 59.77 |
| NII*** | 124.29 |
| bNII (> ₹10L) | 145.19 |
| sNII (< ₹10L) | 82.56 |
| Individual Investors | 60.15 |
| Total ** | 73.80 |
Anchor
1
Market Maker
1
QIB (Ex Anchor)
59.77
NII***
124.29
bNII (> ₹10L)
145.19
sNII (< ₹10L)
82.56
Individual Investors
60.15
Total **
73.80
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Sep 2 9 (Day 1) | 0.48 | 0.17 | 0.21 | 0.10 | 0.39 | 0.37 |
| Sep 3 0 (Day 2) | 0.76 | 1.03 | 0.96 | 1.17 | 1.61 | 1.24 |
| Oct 1 (Day 3) | 59.77 | 124.29 | 145.19 | 82.56 | 60.15 | 73.80 |
DaySep 2
9 (Day 1)
QIB (Ex Anchor)0.48
NII*0.17
NII (> ₹10L)0.21
NII (< ₹10L)0.10
Individual Investors0.39
Total0.37
DaySep 3
0 (Day 2)
QIB (Ex Anchor)0.76
NII*1.03
NII (> ₹10L)0.96
NII (< ₹10L)1.17
Individual Investors1.61
Total1.24
DayOct 1
(Day 3)
QIB (Ex Anchor)59.77
NII*124.29
NII (> ₹10L)145.19
NII (< ₹10L)82.56
Individual Investors60.15
Total73.80
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 07-10-2026 | 197 | 0 (0%) | 197 |
| 06-10-2026 | 197 | 9 (4.57%) | 206 |
| 05-10-2026 | 197 | 88 (44.67%) | 285 |
| 04-10-2026 | 197 | 100 (50.76%) | 297 |
| 03-10-2026 | 197 | 95 (48.22%) | 292 |
| 02-10-2026 | 197 | 78 (39.59%) | 275 |
| 01-10-2026 | 197 | 66 (33.50%) | 263 |
| 30-09-2026 | 197 | 48 (24.37%) | 245 |
| 29-09-2026 | 197 | 38 (19.29%) | 235 |
GMP Date07-10-2026
IPO Price197
GMP0 (0%)
Est. Listing Price197
GMP Date06-10-2026
IPO Price197
GMP9 (4.57%)
Est. Listing Price206
GMP Date05-10-2026
IPO Price197
GMP88 (44.67%)
Est. Listing Price285
GMP Date04-10-2026
IPO Price197
GMP100 (50.76%)
Est. Listing Price297
GMP Date03-10-2026
IPO Price197
GMP95 (48.22%)
Est. Listing Price292
GMP Date02-10-2026
IPO Price197
GMP78 (39.59%)
Est. Listing Price275
GMP Date01-10-2026
IPO Price197
GMP66 (33.50%)
Est. Listing Price263
GMP Date30-09-2026
IPO Price197
GMP48 (24.37%)
Est. Listing Price245
GMP Date29-09-2026
IPO Price197
GMP38 (19.29%)
Est. Listing Price235
IPO Important Dates
| IPO Open | Tue, Sep 29, 2026 |
| IPO Close | Thu, Oct 1, 2026 |
| Allotment | Mon, Oct 5, 2026 |
| Refund | Tue, Oct 6, 2026 |
| Credit of Shares | Tue, Oct 6, 2026 |
| Listing | Wed, Oct 7, 2026 |
IPO Open
Tue, Sep 29, 2026
IPO Close
Thu, Oct 1, 2026
Allotment
Mon, Oct 5, 2026
Refund
Tue, Oct 6, 2026
Credit of Shares
Tue, Oct 6, 2026
Listing
Wed, Oct 7, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 1200 | ₹2,36,400 |
| Individual investors (IND) (Max) | 2 | 1200 | ₹2,36,400 |
| S-HNI (Min) | 3 | 1800 | ₹3,54,600 |
| S-HNI (Max) | 8 | 4800 | ₹9,45,600 |
| B-HNI (Min) | 9 | 5400 | ₹10,63,800 |
ApplicationIndividual investors (IND) (Min)
Lots2
Shares1200
Amount₹2,36,400
ApplicationIndividual investors (IND) (Max)
Lots2
Shares1200
Amount₹2,36,400
ApplicationS-HNI (Min)
Lots3
Shares1800
Amount₹3,54,600
ApplicationS-HNI (Max)
Lots8
Shares4800
Amount₹9,45,600
ApplicationB-HNI (Min)
Lots9
Shares5400
Amount₹10,63,800
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 59.62 | 22.44 | 13.14 |
| Total Income | 42.34 | 33.04 | 19.91 |
| Profit After Tax | 12.22 | 11.48 | 4.32 |
| EBITDA | 17.05 | 15.65 | 6.09 |
| NET Worth | 32.67 | 20.41 | 8.93 |
| Reserves and Surplus | 24.33 | 19.57 | 8.10 |
| Total Borrowing | 9.52 | 0.20 | 1.60 |
Period EndedAssets
31 Mar 202659.62
31 Mar 202522.44
31 Mar 202413.14
Period EndedTotal Income
31 Mar 202642.34
31 Mar 202533.04
31 Mar 202419.91
Period EndedProfit After Tax
31 Mar 202612.22
31 Mar 202511.48
31 Mar 20244.32
Period EndedEBITDA
31 Mar 202617.05
31 Mar 202515.65
31 Mar 20246.09
Period EndedNET Worth
31 Mar 202632.67
31 Mar 202520.41
31 Mar 20248.93
Period EndedReserves and Surplus
31 Mar 202624.33
31 Mar 202519.57
31 Mar 20248.10
Period EndedTotal Borrowing
31 Mar 20269.52
31 Mar 20250.20
31 Mar 20241.60
Key Performance Indicator
| ROE | 46.03% |
| ROCE | 40.12% |
| Debt/Equity | 0.29 |
| RoNW | 37.40% |
| PAT Margin | 29.11% |
| EBITDA Margin | 40.62% |
| NAV | 39.17 |
| P/B (x) | 5.03 |
ROE
46.03%
ROCE
40.12%
Debt/Equity
0.29
RoNW
37.40%
PAT Margin
29.11%
EBITDA Margin
40.62%
NAV
39.17
P/B (x)
5.03
IPO Reservation
| QIB | 13,27,200 |
| − Anchor Investor | 7,96,200 |
| − QIB (Ex. Anchor) | 5,31,000 |
| NII (HNI) | 3,99,000 |
| − bNII > ₹10L | 2,65,800 |
| − sNII < ₹10L | 1,33,200 |
| Retail | 9,30,000 |
| Market Maker | 1,39,800 |
| Total | 27,96,000 |
QIB
13,27,200
− Anchor Investor
7,96,200
− QIB (Ex. Anchor)
5,31,000
NII (HNI)
3,99,000
− bNII > ₹10L
2,65,800
− sNII < ₹10L
1,33,200
Retail
9,30,000
Market Maker
1,39,800
Total
27,96,000
Information about company
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:
The 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 strengths
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
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
: Total
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App