Black Opal Consultants(C)SME
Black Opal Consultants, founded in 2020, is a leading real estate marketing and consulting firm that partners with prominent developers like Gaurs Group, Shapoorji Pallonji, and M3M to market and sell residential and commercial properties.
Price Band
₹197 - ₹197
Lot Size
1200 Shares
Issue Size
₹55.08 Cr
Fresh Issue
₹44.09 Cr
OFS
₹10.99 Cr
Registrar
AI Sentiment Score
Current GMP
+₹72
Est. Listing: ₹269 (+36.5%)
📅 IPO Timeline
✓
Open
Sep 29, 2026
2
Close
Oct 1, 2026
3
Allotment
Oct 5, 2026
4
Refund
Oct 6, 2026
5
Demat
Oct 6, 2026
6
Listing
Oct 7, 2026
✨ AI Analysis & Prediction
+28.9%
predicted listing gain
Black Opal Consultants SME IPO demonstrates stellar demand with a total subscription of 73.8x and robust grey market signals of ~36.55%. Backed by high financial profitability and solid promoter holding, the stock is positioned for strong listing gains on BSE SME.
💪 Strengths
- High return ratios with ROE at 46.03% and ROCE at 40.12%
- Strong top-line and bottom-line growth trajectory
- Robust subscription numbers across all investor categories
⚠️ Weaknesses
- Concentrated reliance on real estate developer partnerships
- Short operating history having been founded in 2020
🚀 Opportunities
- Expanding real estate marketing mandates across tier-1 developers
- Capital deployment into real estate development projects like the Ayodhya Project
🛡️ Threats
- Cyclical nature of the real estate sector
- Regulatory risks associated with real estate brokerage and development
🎯 Objectives of the IPO
| Requirement / 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 | ₹23.08 |
📊 Financial Overview
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | Rs 19.91 Cr | Rs 33.04 Cr | Rs 42.34 Cr |
| Net Profit / PAT (₹ Cr) | Rs 4.32 Cr | Rs 11.48 Cr | Rs 12.20 Cr |
| Total Assets (₹ Cr) | Rs 13.14 Cr | Rs 22.44 Cr | Rs 59.62 Cr |
| ROE % | NA | NA | 46.03% |
| ROCE % | NA | NA | 40.12% |
| Debt / Equity | NA | NA | 0.29 |
📋 Live Subscription Status
QIB
59.77x
NII
124.29x
Retail
60.15x
Total
73.80x
Updated: Oct 2, 2026 6:35 PM
💼 Reservation Quota
QIB
59.77%
Retail
60.15%
NII
124.29%
📈 Shareholding & Anchor Lock-In
🔗 Important Links & Lead Managers
- Check Allotment StatusCheck Now →
- Registrar WebsiteVisit →
- Download DRHP ProspectusDownload PDF 📥
- Download RHP ProspectusDownload PDF 📥
Lead Managers / Merchant Bankers
This issue is managed by Hem Securities Ltd., and Share India Capital Services Pvt. Ltd.
Disclaimer: The information provided on this page is for educational and informational purposes only and does not constitute financial advice. IPO investments are subject to market risks. AI-generated analysis is based on publicly available data and may not be accurate. Grey Market Premium (GMP) is unofficial and highly speculative. Always consult a qualified financial advisor and read the DRHP/RHP carefully before making investment decisions.
The company has shown strong financial scaling, growing revenues from ₹19.91 crores in FY24 to ₹42.34 crores in FY26, alongside an impressive PAT of ₹12.20 crores in FY26. Key metrics include high ROE at 46.03% and ROCE at 40.12%, with a comfortable debt-to-equity ratio of 0.29.
The issue size is ₹55.08 crores, priced at ₹185 to ₹197 per share, featuring a fresh issue component of ₹44.09 crores and an OFS of ₹10.99 crores. Subscription levels are exceptionally high across categories, led by NII (124.29x) and Retail (60.15x), underpinning high market enthusiasm.