Black Opal Consultants
LISTEDIPO Date: 29 Sept - 1 Oct 2026
Listing Date: 7 Oct 2026
Price Range
Rs.185 - Rs.197
Issue Size
55 Cr
Min Investment
₹2,22,000
2 lots minimum (SEBI rule for SME)
Min Application
1200 Shares
600 per lot × 2
Schedule of Black Opal Consultants
Issue open date
29 Sept 2026
Issue close date
1 Oct 2026
UPI mandate deadline
1 Oct 2026 (5 PM)
Allotment finalization
5 Oct 2026
Share credit
6 Oct 2026
Listing date
7 Oct 2026
Mandate end date
16 Oct 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 55 Cr |
| Fresh Issue | 44.09 Cr |
| Offer for Sale | 10.99 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 5 Oct 2026 |
| Allotment Link | {Link} |
Grey Market Premium
NewGrey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 7 Oct 2026Latest | ₹197 | ₹0 | ₹197(0%) |
| 6 Oct 2026 | ₹197 | ₹24 | ₹221(+12.18%) |
| 5 Oct 2026 | ₹197 | ₹85 | ₹282(+43.15%) |
| 4 Oct 2026 | ₹197 | ₹100 | ₹297(+50.76%) |
| 3 Oct 2026 | ₹197 | ₹95 | ₹292(+48.22%) |
| 2 Oct 2026 | ₹197 | ₹78 | ₹275(+39.59%) |
| 1 Oct 2026 | ₹197 | ₹52 | ₹249(+26.4%) |
| 30 Sept 2026 | ₹197 | ₹48 | ₹245(+24.37%) |
| 29 Sept 2026 | ₹197 | ₹38 | ₹235(+19.29%) |
| 28 Sept 2026 | ₹197 | ₹0 | ₹197(0%) |
| 27 Sept 2026 | ₹197 | ₹0 | ₹197(0%) |
| 26 Sept 2026 | ₹197 | ₹0 | ₹197(0%) |
Performance Black Opal Consultants
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.185 - Rs.197 | ₹ 200 (1.52%) | ₹ 144.6 | -26.60% |
About Black Opal Consultants
Black Opal Consultants is a real estate brokerage company that facilitates the sale of residential and commercial properties developed by real estate developers in exchange for brokerage. The company primarily handles sales of residential properties, which accounted for 97.62% of its revenue from operations in the financial year 2026, while commercial projects accounted for 2.38%. It partners with developers to sell their property inventories and also works with its group entities, Aurika Homes Private Limited and Aurika Projects LLP, to sell their project inventories. The company focuses on luxury properties and has worked with more than 25 developers. It has sold over 2,300 units and operates through offices across Delhi-NCR with a network of more than 200 broker associates. The company was incorporated in Delhi in 2020 as Black Opal Consultants Private Limited and was converted into a public limited company in 2025.
| Founded in | 2020 |
| Managing director | Mr Prasoon Chauhan |
| Parent organization |
Financial Overview
Strengths
5- 1
Integrated advisory, sales, and loan syndication services.
- 2
Established channel network in the Delhi-NCR market.
- 3
Strategic expansion into Ayodhya commercial real estate.
- 4
Tech-driven approach via the JustHomz digital platform.
- 5
Highly experienced promoters and management team.
Risks
5- 1
High revenue reliance on a few clients lacking long-term contracts.
- 2
Operations highly concentrated in Uttar Pradesh and Haryana.
- 3
Entering real estate development without a prior track record.
- 4
IPO funds for underwriting lack a specifically identified inventory.
- 5
Pending UP RERA real estate agent registration renewal.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 59.77 |
| Non-Institutional Investors (NIIs) | 124.29 |
| Retail Individual Investors (RIIs) | 60.15 |
| Employee | N/A |
| Total | 51.68 |