Black Opal Consultants IPO
Realty • ₹55cr
High risk because:
- 5 material risk factors disclosed in DRHP
- SME listing with thinner post-listing liquidity
- High revenue reliance on a few clients lacking long-term contracts.
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹185-197
Lot Size
600 shares
Issue Size
₹55cr
Open
29 Sept 2026
Close
01 Oct 2026
Subscription
—
IPO Schedule
| Issue Open Date | 29 Sept 2026 |
| Issue Close Date | 01 Oct 2026 |
| Allotment Date | 05 Oct 2026 |
| Listing Date | 07 Oct 2026 |
About Black Opal Consultants
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.
Company Details
Founders / Promoters
Mr Prasoon Chauhan
Founded
2020
Registrar
Skyline Financial Services Pvt
Documents
DRHP / RHP Document (PDF)
View official prospectus →
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FAQ
What is the price band of Black Opal Consultants IPO?
The price band is ₹185-197 per share with a lot size of 600 shares. Minimum investment: ₹1,18,200.
What does Black Opal Consultants do?
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.
Should I apply for Black Opal Consultants IPO?
Black Opal Consultants is a Realty sme IPO and opens 29 Sept 2026 with a ₹185-197 price band (₹55cr issue) — subscription data is not live yet, so demand signals are unavailable. SME listings tend to be more volatile and less liquid after listing, so For a Realty sme IPO at elevated risk (7/10), weigh DRHP financials and sector comps against the ₹185-197 band before you apply.
Who founded Black Opal Consultants?
Black Opal Consultants was founded by Mr Prasoon Chauhan in 2020.