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Black Opal Consultants IPO: GMP, subscription and allotment status

SMESkyline Financial ServicesOpens29 Oct

0grey-market premium

GMP
0
0.0%as of 23 Sept, 14:30 IST
Est. listing
197
0.0% on issue price
Price band
197
Lot
600 shares
Min. 1,18,200

Allotment

Expected 5 Oct.

Check on Skyline Financial Services

Dates

291 Oct · allot 5 · list 7

Refunds and shares in your demat account on 6 Oct.

Issue details

Segment
SME
Face value
₹10
Issue type
Book Building Issue
Fresh issue
₹44.09 Crores
Offer for sale
5,58,000 Equity Shares
Listing at
BSE SME
Registrar
Skyline Financial Services
NSE symbol

GMP is unofficial and doesn't guarantee a listing price. Where these numbers come from

What you can apply for

Retail Minimum
2 lots, 1,200 shares
2,36,400
Retail Maximum
2 lots, 1,200 shares
2,36,400
S-HNI Minimum
3 lots, 1,800 shares
3,54,600
S-HNI Maximum
8 lots, 4,800 shares
9,45,600
B-HNI Minimum
9 lots, 5,400 shares
10,63,800

A retail application can't go past ₹2 lakh; bigger bids go in the HNI categories.

Where the money goes

Funding for securing Sales/Marketing mandates
7.00 Cr
Investment in Aurika Developers LLP, one of our Group Entity, for financing the development of its Ayodhya Project
25.00 Cr
General corporate purposes

What the company plans to do with the money it raises, from the offer document. Money raised in an offer for sale goes to the selling shareholders, not the company.

Company numbers

Revenue, ₹ crore

₹174.92 Cr−47.1% on 2025

Profit, ₹ crore

₹43.86 Cr−61.8% on 2025

Assets, ₹ crore

₹343.53 Cr+53.1% on 2025

Jun 2025
Revenue 174.92
Profit 43.86
2025
Revenue 330.43
Profit 114.81
2024
Revenue 199.05
Profit 43.23
2023
Revenue 79.73
Profit 17.21

In ₹ crore, for the years the offer document reports.

ROE
56.25%
ROCE
75.05%
EBITDA Margin
47.07%
PAT Margin
34.94%
Debt to equity ratio
0.01
Earning Per Share (EPS)
₹13.77 (Basic)
Return on Net Worth (RoNW)
56.25%
Net Asset Value (NAV)
₹244.76

Listed peers

Homesfy Realty Limited
P/E 48.63
EPS 4.46

Price to earnings, earnings per share and return on net worth, as the offer document reports them.

Who the issue is reserved for

QIB
50%
NII
15%
Retail
35%

Share of the issue set aside for each kind of investor.

Promoters and bankers

Promoters
Prasoon Chauhan and Sheikh Arfeen Ahmed
Promoter holding
98.6% before the IPO, 72.46% after
Lead managers
Khambatta Securities Ltd.

Issue details come from the IPO's page on IPOWatch, which follows the company's prospectus.

More SME IPOs

Frequently asked questions

What is the GMP of Black Opal Consultants IPO today?
The grey-market premium is ₹0, which points to a listing around ₹197 (0.0% on the issue price), as of 14:30 IST on 23 September 2026. GMP is unofficial and doesn't guarantee a listing price.
When does Black Opal Consultants IPO open and close?
Bidding runs from 29 October 2026 to 1 October 2026.
What is the Black Opal Consultants IPO allotment date?
Allotment is expected on 5 October 2026.
When will Black Opal Consultants IPO list?
Listing is expected on 7 October 2026.
What is the lot size and minimum investment for Black Opal Consultants IPO?
One lot is 600 shares, so the minimum investment at the upper price of ₹197 is ₹1,18,200.
How do I check Black Opal Consultants IPO allotment status?
Skyline Financial Services is the registrar. Once allotment is out, check it by PAN on the Skyline Financial Services website.