The Black Opal Consultants IPO allotment will be finalised on Monday, 5 October 2026, after the ₹55.08-crore BSE SME issue closed with strong investor demand. Investors who applied can check their allotment status online on the registrar's website or the BSE IPO allotment page, typically from the evening of 5 October.
Black Opal IPO: Key Details at a Glance
| Detail | Information |
|---|---|
| Company | Black Opal Consultants Limited |
| Issue type | BSE SME book-built issue |
| Price band | ₹185–₹197 per share |
| Issue size | ₹55.08 crore (27,96,000 shares) |
| Fresh issue | ₹44.09 crore (22,38,000 shares) |
| Offer for sale | ₹10.99 crore (5,58,000 shares) |
| Lot size | 600 shares |
| Retail minimum investment | 1,200 shares = ₹2,36,400 (at upper band) |
| IPO open | 29 September 2026 |
| IPO close | 1 October 2026 |
| Allotment date | 5 October 2026 |
| Refund initiation / demat credit | 6 October 2026 |
| Listing date | 7 October 2026 (BSE SME) |
| Registrar | Skyline Financial Services Pvt. Ltd. |
| Lead manager | Khambatta Securities Ltd |
Black Opal IPO Final Subscription: 68.71x
The company announced that the IPO was subscribed 68.71 times at the close of bidding on 1 October, drawing 59,512 applications across categories:
| Category | Subscription |
|---|---|
| Non-Institutional Investors (NII) | 92.30x |
| Retail Individual Investors (RII) | 60.15x |
| Qualified Institutional Buyers (QIB) | 59.77x |
| Total | 68.71x |
Exchange bid-level data at the close of bidding showed demand of up to ~73.8x. Given the heavy oversubscription, allotment in the retail category will be done through a lottery — with only one lot (600 shares) per successful applicant.
How to Check Black Opal IPO Allotment Status
Once the basis of allotment is finalised on 5 October, investors can check their status in two ways.
Option 1: On the registrar's website (Skyline Financial Services)
- Visit the Skyline Financial Services public issue / IPO allotment portal.
- Select Black Opal Consultants from the company dropdown.
- Choose a search mode — PAN, Application Number, or DP ID/Client ID.
- Enter the details and submit to view your allotment status.
Option 2: On the BSE website
- Go to the BSE IPO allotment status page and click "Equity and SME IPO Bid Details".
- Select Black Opal Consultants from the issue name list.
- Enter your application number and PAN.
- Submit to see your bid and allotment details.
If you are not allotted shares, the blocked amount in your ASBA bank account will be released, with refunds initiated on 6 October 2026.
Black Opal IPO GMP: Latest Grey Market Premium
Grey-market trackers were reporting a premium of roughly ₹95–100 per share over the weekend (implying an estimated listing price near ₹292–297). Note: GMP is unofficial, market-reported data — it is not an official figure, changes frequently, and is not a guaranteed listing price.
Also see our IPO GMP today (4 Oct) roundup for the latest grey-market levels across all active IPOs.
About Black Opal Consultants
Black Opal Consultants, established in 2020, is a real estate advisory, sales and distribution company headquartered in Delhi-NCR. The company works with developers such as the Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M on exclusive or semi-exclusive sales mandates, earning brokerage income.
Key business facts:
- Network of 25+ developers, 300+ broker partners and 2,200+ customers
- Facilitated real estate sales of over ₹4,000 crore since inception
- Diversified into real estate development through a 76% stake in Aurika Developers LLP (developing 'Veda', a commercial-hospitality project in Ayodhya) and a 41% stake in Black Opal Ventures LLP ('Hummingbird' in Ghaziabad)
Financials
| Particulars (₹ crore) | FY26 | FY25 | FY24 |
|---|---|---|---|
| Revenue from operations | 41.97 | 32.86 | 19.75 |
| EBITDA | 17.05 | 15.46 | 5.93 |
| Profit after tax (PAT) | 12.20 | 11.48 | 4.32 |
| EBITDA margin | 40.6% | 47.1% | 30.0% |
| PAT margin | 29.1% | 34.9% | 21.9% |
The post-issue P/E works out to 17.07x at the upper price band (EPS ₹14.65, RoNW 37.4% for FY26).
Use of IPO Proceeds
- ~₹7 crore as interest-free refundable security deposits to Delhi-NCR developers to secure exclusive sales/marketing mandates
- ~₹26 crore as current capital in Aurika Developers LLP for the Veda project
- Balance for general corporate purposes
Other SME IPOs Listing This Week
Black Opal is not the only SME issue on the calendar — Bench Mark Infotech lists on NSE SME on 5 October after a 103x subscription, while Vans Electroengineerings (628.73x) and Papadmalji Agro Foods also finalise allotments on 5 October and list on 7 October.
Conclusion
With allotment on 5 October and listing on 7 October 2026, Black Opal Consultants' ₹55.08-crore SME IPO is one of this week's most-watched SME listings after a ~69x subscription. Check your allotment status on the Skyline Financial Services portal or BSE from Monday evening, and watch our GMP roundups for the latest pre-listing signals.
FAQs
Q: When is the Black Opal IPO allotment date?
A: The basis of allotment for the Black Opal Consultants IPO is scheduled to be finalised on 5 October 2026.
Q: How do I check Black Opal IPO allotment status?
A: On the Skyline Financial Services public issue portal (select Black Opal Consultants, enter PAN / application number / DP ID) or on the BSE IPO allotment page ("Equity and SME IPO Bid Details").
Q: What was the Black Opal IPO subscription?
A: The IPO closed at 68.71 times overall — NII 92.30x, RII 60.15x, QIB 59.77x — with 59,512 applications.
Q: When will Black Opal list?
A: Shares are scheduled to list on the BSE SME platform on 7 October 2026.
Q: What is the Black Opal IPO GMP today?
A: Grey-market trackers reported around ₹95–100 in the days before allotment. GMP is unofficial and changes frequently; see our daily GMP roundup for the latest.