Black Opal Consultants Limited IPO Announcement

Black Opal Consultants Limited, a real‑estate services firm offering brokerage, property advisory, loan syndication and project management, issued a press release on 28 September 2026 announcing that its initial public offering will open on Tuesday, 29 September 2026 and close on Thursday, 1 October 2026. The equity shares will be listed on the SME platform of BSE Limited.

Issue Structure

  • Issue type: Fresh issue and offer for sale.
  • Total offer size: up to 27,96,000 equity shares, of which 22,38,000 shares are fresh issue and 5,58,000 shares are offered for sale.
  • Price band: ₹185 to ₹197 per share, implying a maximum aggregate offer size of ₹55.08 crore at the upper band.
  • Lot size: 600 shares per lot, with a minimum application of two lots.
  • Allocation breakdown:
  • Market maker reservation: 1,39,800 shares.
  • Net QIB allocation: up to 13,27,800 shares.
  • Non‑institutional investors: not less than 3,98,400 shares.
  • Individual investors: not less than 9,30,000 shares.
  • Anchor investor portion: up to 7,96,800 shares.

Use of Proceeds

The net proceeds are earmarked for:

  • Funding sales and marketing mandates amounting to ₹700 lakh.
  • Investment of ₹2,600 lakh in Aurika Developers LLP to finance the development of its Ayodhya project.
  • General corporate purposes (unspecified amount).

Offer Intermediaries

  • Book‑running lead manager: Khambatta Securities Limited.
  • Underwriters: Khambatta Securities Limited and Share India Capital Services Private Limited.
  • Registrar to the offer: Skyline Financial Services Private Limited.
  • Market maker: Share India Securities Limited.

Management Commentary

Mr. Prasoon Chauhan, Managing Director of Black Opal Consultants Limited, reiterated that the proceeds will primarily support sales‑marketing mandates and the Ayodhya project investment, with a portion retained for general corporate needs, to expand business opportunities and strengthen growth plans.

Company Background

Black Opal Consultants Limited operates across residential and commercial property segments, providing brokerage, advisory, loan syndication and project management services. The firm has expanded into real‑estate development through investments in group entities such as Aurika Developers LLP and Black Opal Ventures LLP.

Disclaimer

The release contains forward‑looking statements subject to risks including government actions, political or economic developments, and technological risks. The company disclaims any obligation to update such statements.