Black Opal Consultants IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹197
- Lot Size
- 600 shares
- Min. Investment
- ₹1,18,200
- Total Issue Size
- ₹55.08 Cr
- 27,95,939 shares
- Fresh Issue
- ₹44.08 Cr
- 22,38,000 shares
- Offer for Sale
- ₹10.99 Cr
- 5,58,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Shares Pre-Issue
- 83,39,190
- Shares Post-Issue
- 1,05,77,190
Lot Size & Investment
1 lot = 600 shares
Retail (min)
1 lot · 600 shares
Retail (max)
1 lot · 600 shares
S-HNI (min)
2 lots · 1,200 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual | 2 | 1,200 | ₹2,36,400 |
| Small HNI (S-HNI) | 3 | 1,800 | ₹3,54,600 |
| Big HNI (B-HNI) | 9 | 5,400 | ₹10,63,800 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 59.62 | 22.44 | 13.14 |
| Total Income | 42.34 | 33.04 | 19.91 |
| Profit After Tax | 12.2 | 11.48 | 4.32 |
| EBITDA | 17.05 | 15.65 | 6.09 |
| Net Worth | 32.67 | 20.41 | 8.93 |
| Reserves & Surplus | 243.26 | 195.77 | 80.96 |
| Total Borrowing | 9.52 | 0.2 | 1.6 |
About Black Opal Consultants
Incorporated in 2020, Black Opal Consultants is a real estate services firm that markets and sells residential and commercial projects on behalf of developers. It works with developers including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M under exclusive or semi-exclusive sales arrangements, earning brokerage on designated project inventory. Alongside project sales it offers consulting and advisory services and loan syndication, and undertakes real estate development through group entities. It also markets and sells projects for group companies such as Aurika Homes.
Company Information
Strengths (from RHP)
- Exclusive and semi-exclusive mandates give the company defined inventory to sell rather than open competition on every unit.
- It has working relationships with several established developers in the National Capital Region.
- Advisory and loan syndication provide income alongside brokerage.
Key risks (from RHP)
- A few developer clients account for a large share of revenue.
- Activity is concentrated in one geographic market.
- Brokerage income depends on property sales volumes, which move with the real estate cycle.
- Book running lead managers
- Khambatta Securities Limited
- Registered office
- Shop No. 8, Ground Floor, C.S.C. AGCR Enclave, Delhi, New Delhi, 110092