Black Opal Consultants
IPO Closes in
IPO Timeline
Issue open date
29 Sep 2026Issue close date
1 Oct 2026UPI mandate deadline
1 Oct 2026Allotment finalization
5 Oct 2026Refund initiation
6 Oct 2026Share credit
6 Oct 2026Listing date
7 Oct 2026Mandate end date
26 Oct 2026Lock-in end date for anchor investors (50%)
3 Nov 2026Lock-in end date for anchor investors (remaining)
2 Jan 2027IPO Closes in
IPO Subscription Status
| Category | Times | Allotment Chances |
|---|---|---|
| HNIs (Total) | 0.17 | 100% |
| bHNI | 0.21 | 100% |
| sHNI | 0.1 | 100% |
| QIBs | 0.48 | 100% |
| Retail | 0.34 | 100% |
Key Dates
Quick Stats
About the Company
Black Opal Consultants operates as a financial and real estate consultancy firm providing integrated real estate solutions. The company generates revenue primarily through brokerage income from selling residential and commercial properties under exclusive sales mandates with real estate developers. Additionally, it earns revenue from loan syndication fees, advisory services, and real estate project development activities. Its core business activities include acting as a channel partner for property sales, offering real estate advisory, and facilitating property financing. The company’s operations are geographically concentrated in Uttar Pradesh and Haryana, specifically in Noida, Greater Noida, and Gurugram. It is also diversifying into real estate development, including a commercial hotel project named Veda in Ayodhya through its subsidiary entity, Aurika Developers. Furthermore, the company engages in inventory underwriting for real estate developers and is developing a digital property platform called JustHomz through its wholly owned subsidiary, Black Opal Technologies.
Strengths
- Integrated advisory, sales, and loan syndication services.
- Established channel network in the Delhi-NCR market.
- Strategic expansion into Ayodhya commercial real estate.
- Tech-driven approach via the JustHomz digital platform.
- Highly experienced promoters and management team.
Risks
- High revenue reliance on a few clients lacking long-term contracts.
- Operations highly concentrated in Uttar Pradesh and Haryana.
- Entering real estate development without a prior track record.
- IPO funds for underwriting lack a specifically identified inventory.
- Pending UP RERA real estate agent registration renewal.
Black Opal Consultants IPO – Frequently Asked Questions
- The price band for the Black Opal Consultants IPO is set at ₹185 to ₹197 per share.
- The Black Opal Consultants IPO opens on September 29, 2026 and closes on October 1, 2026.
- The tentative listing date for the Black Opal Consultants IPO is October 7, 2026.
- You can apply for the Black Opal Consultants IPO via your broker or bank using ASBA or UPI. Log in to your trading app (Zerodha, Upstox, Groww, etc.), select IPO section, choose Black Opal Consultants, enter lot quantity and UPI ID, then approve the mandate.
- The lot size for the Black Opal Consultants IPO is 600 shares. Investors must apply for at least one lot (i.e., 600 shares).