Black Opal Consultants IPO price band has been announced ahead of the company’s public issue. The IPO will open for subscription from September 29 to October 1, 2026. The real estate company plans to raise ₹55.08 crore through the issue.
The IPO will include 22.38 lakh fresh shares along with an offer for sale of 5.58 lakh shares. The company’s shares are scheduled to be allotted on October 5, while the BSE SME listing is scheduled for October 7, 2026.
Black Opal Consultants IPO Price Band
The company has fixed the price band at ₹185 to ₹197 per share. The IPO has a lot size of 600 shares, while the minimum application requirement is 1,200 shares.
At the upper price of ₹197 per share, investors applying for the minimum 1,200 shares would need to bid ₹2,36,400.
Khambatta Securities Limited has been appointed as the lead manager for the issue. Skyline Financial Services Private Limited will act as the registrar.
What Does Black Opal Consultants Do?
Black Opal Consultants operates in the real estate sector. The company works with real estate groups and developers including Gaurs Group, EKHO, Shapoorji Pallonji, X Estate and M3M.
Its business includes marketing and selling real estate products for these companies.
How Will IPO Money Be Used?
The company plans to use a portion of the IPO proceeds for marketing activities. Around ₹7 crore has been earmarked for marketing purposes.
Another ₹26 crore will be used to fund the Ayodhya project of Aurica Developers LLP. The remaining funds from the issue will be used for general corporate purposes.
Black Opal Consultants IPO GMP
The IPO is currently showing a grey market premium of ₹0, according to the information provided. This means there is currently no premium movement in the grey market.
Grey market premium figures are unofficial and can change before listing. Investors should not use GMP alone to make an investment decision.
The Black Opal Consultants IPO will be listed on the BSE SME platform, subject to the scheduled issue and listing process.
Investors should review the company’s financial information, IPO documents, risks and other details before making any investment decision. This article is for informational purposes only and is not investment advice.
