Black Opal Consultants IPO Listing Price, Gain & Allotment

The issue size is ₹55.08 Cr.

Revenue rose from ₹19.91 Cr in FY24 to ₹42.34 Cr in FY26, a compound annual growth of 45.8%. Profit after tax grew from ₹4.32 Cr to ₹12.2 Cr. That is a net profit margin of 28.8% in FY26. Borrowings were 0.29 times net worth at the end of FY26.

Black Opal Consultants listed at ₹200 on 7 Oct 2026, +1.5% against the issue price of ₹197. The last GMP before listing had pointed to about ₹237, so it opened 18.8 points below the grey market estimate. It closed the first day at ₹206.3 (+4.7%).

Black Opal Consultants is an SME IPO worth ₹55.08 crore with a price band of ₹185 – 197 per share. The issue opens on 29 September 2026 and closes on 1 October 2026. Shares are expected to list on 7 October 2026 on SME Platform.

Black Opal Consultants IPO is a book build issue of Rs. 55.08 Cr (0.27 crore shares) by Black Opal Consultants Limited, which 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.

Exclusive Sale Arrangements: Commission or margin on the sale of underwritten/exclusively mandated inventory

Loan Syndication Services: Commissions or success fees for arranging developer and buyer financing.

Real Estate Development through group entities operating in Tier -II cities in India.

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.