Black Opal Consultants IPO to Open on September 29
Black Opal Consultants Limited announces its SME IPO with a price band of ₹185-₹197. The issue opens on September 29, 2026.
Real estate services firm Black Opal Consultants Limited has officially announced the launch of its Initial Public Offering (IPO). The company, which specializes in brokerage, property advisory, loan syndication, and project management, will see its issue open on Tuesday, September 29, 2026, and conclude on Thursday, October 1, 2026.
IPO Details and Pricing
The proposed listing will take place on the BSE SME Platform. The offering consists of a mix of fresh issues and an offer for sale, totaling up to 27,96,000 equity shares. The breakdown of the share allocation is as follows:
- Fresh Issue: Up to 22,38,000 equity shares
- Offer for Sale: Up to 5,58,000 equity shares
Investors can participate within a price band of ₹185 to ₹197 per equity share. At the upper end of this band, the total offer size is estimated to be ₹55.08 crore. The minimum lot size for application is 600 equity shares, with a requirement of at least 2 lots to apply.
Strategic Use of Funds
Black Opal Consultants intends to use the net proceeds from this public offering to fuel its expansion and support its group entities. The company has outlined three primary areas for fund utilization:
- Ayodhya Project Support: ₹2,600 lakhs will be invested in Aurika Developers LLP, a group entity, to finance the development of its project in Ayodhya.
- Sales and Marketing: ₹700 lakhs will be dedicated to securing new sales and marketing mandates.
- Corporate Growth: A portion of the funds will be reserved for general corporate purposes.
Management Vision and Market Presence
According to Mr. Prasoon Chauhan, Managing Director of Black Opal Consultants Limited, these strategic investments are designed to expand business opportunities and strengthen the company's long-term growth trajectory. The company has successfully diversified its portfolio from real estate services into direct real estate development through its group entities, including Black Opal Ventures LLP.
Key IPO Intermediaries
The offering is supported by several financial institutions to ensure a smooth transition to the public market:
- Book Running Lead Manager: Khambatta Securities Limited
- Underwriters: Khambatta Securities Limited & Share India Capital Services Private Limited
- Registrar: Skyline Financial Services Private Limited
- Market Maker: Share India Securities Limited