Black Opal Consultants IPO

Black Opal Consultants IPO is a book-built issue worth ₹55.08 crore. The IPO comprises a fresh issue aggregating to ₹44.09 crore and an offer for sale aggregating to ₹10.99 crore.

Khambatta Securities Limited is the book-running lead manager to the issue, and Skyline Financial Services Private Limited is the registrar. For detailed information on the company's financials, business operations, and associated risks, investors are advised to refer to the Black Opal Consultants IPO DRHP.

About Black Opal Consultants Limited

Black Opal Consultants Limited was originally incorporated as Black Opal Consultants Private Limited on September 15, 2020, under the Companies Act, 2013. The company was subsequently converted into a public limited company and renamed Black Opal Consultants Limited in preparation for its public issue.

The company operates as a real estate services platform focused on the marketing and sale of residential and commercial properties. It partners with reputed developers, including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M, enabling it to offer a curated portfolio of real estate opportunities across key markets in the National Capital Region (NCR).

Black Opal primarily earns revenue through brokerage and consultancy income generated from developer mandates. The company secures exclusive or semi-exclusive rights to market and sell project inventories on behalf of developers and, in certain cases, advances funds to developers to obtain underwriting and exclusive sales rights for selected inventories. This model provides greater revenue visibility and enhances its ability to participate in premium real estate transactions.

The company has built a strong distribution network supported by more than 200 broker associates and extensive strategic partnerships. It also leverages digital marketing channels, including social media platforms and search engines, to increase project visibility, generate leads, and expand customer outreach across target markets.

Black Opal’s growth strategy is centred on expanding exclusive developer mandates, strengthening inventory underwriting arrangements, deepening its presence across NCR micro-markets, and diversifying into real estate development. Through long-term developer relationships, technology-driven marketing capabilities, and an experienced management team, the company aims to enhance transaction volumes, improve profitability, and strengthen its position within the premium real estate services sector.

Industry Outlook

India’s real estate sector continues to benefit from urbanisation, rising disposable incomes, and growing demand for both residential and commercial properties across major metropolitan regions.

The NCR region remains one of India’s most significant real estate markets, supported by expanding infrastructure, increasing corporate activity, and strong housing demand in cities such as Noida, Greater Noida, and Gurugram.

The organised real estate advisory and brokerage market is witnessing increasing formalisation, with buyers and developers preferring professional intermediaries that offer greater transparency, market intelligence, and execution capabilities.

Developer-led mandate models are becoming more prevalent as real estate companies seek specialised sales partners to accelerate inventory absorption and improve project visibility.

Digital marketing, data-driven customer targeting, and online property discovery platforms are transforming the way real estate transactions are sourced, marketed, and closed.

Demand for premium and luxury housing segments has strengthened in recent years, creating opportunities for brokerage firms with established developer relationships and high-net-worth customer networks.

Competition remains intense among property consultants, brokerage firms, and advisory platforms, making developer partnerships, local market expertise, and sales execution capabilities key differentiators.

Black Opal Consultants IPO Objectives

The company proposes to utilise the net proceeds from the IPO for the following objectives:

• Secure exclusive rights to sell developers’ inventories through mandate agreements with reputed real estate developers.
• Provide advances required under exclusive mandate arrangements, enabling access to high-demand project inventories.
• Strengthen the company’s inventory underwriting business and improve access to premium projects.
• Enhance market positioning and visibility by increasing participation in exclusive real estate launches.
• Support business expansion across key NCR markets and strengthen relationships with leading developers.
• Improve sales opportunities, transaction volumes, and revenue generation through access to high-value inventories.
• Meet general corporate purposes and support overall business growth initiatives.

Financial Performance of Black Opal Consultants Limited

Particulars

Black Opal Consultants Limited Peer Details Comparison

Strengths and Opportunities of Black Opal Consultants IPO

• Strong partnerships with reputed developers such as Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M.
• Exclusive and semi-exclusive mandate model provides revenue visibility and business stability.
• Established underwriting-based business model that creates opportunities for higher brokerage income.
• Extensive network of more than 200 broker associates supporting customer acquisition and sales execution.
• Significant presence across key NCR micro-markets including Noida, Greater Noida, Ghaziabad, Gurugram, and Yamuna Expressway.
• Experienced promoters with extensive real estate industry expertise.
• Strong historical revenue growth supported by increasing transaction volumes.
• Diversified business model with exposure to both real estate consultancy and development activities.
• Opportunities arising from continued growth in NCR residential, commercial, and luxury real estate segments.

Risks and Threats of Black Opal Consultants IPO

• High dependence on the real estate sector and cyclical property market conditions.
• Significant reliance on developer relationships for mandates and inventory access.
• Any slowdown in residential or commercial property demand could impact revenue growth.
• Concentration of operations in the NCR region exposes the company to regional market risks.
• Underwriting and advance payment arrangements may expose the company to capital and recovery risks.
• Intense competition from organised and unorganised real estate advisory and brokerage firms.
• Changes in government policies, taxation, or real estate regulations could affect business performance.
• Dependence on broker networks and channel partners for lead generation and transaction execution.
• Delays in project completion by developers could adversely affect sales, collections, and brokerage income.

Black Opal Consultants IPO Reservation

Black Opal Consultants IPO Promoter Holding

The promoters of the company are Prasoon Chauhan and Sheikh Arfeen Ahmed.

Black Opal Consultants IPO Prospectus

Black Opal Consultants IPO DRHP

Black Opal Consultants IPO Registrar and Lead Managers

Black Opal Consultants IPO Lead Managers: Khambatta Securities Limited

Registrar for Black Opal Consultants IPO: Skyline Financial Services Private Limited

• Contact Number: +91 11 26812682
• Email Address: ipo@skylinerta.com

Black Opal Consultants IPO Registrar

How To Apply for Black Opal Consultants IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Black Opal Consultants IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of the Black Opal Consultants IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

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Contact Details of Black Opal Consultants IPO

Registered Office: Shop No. 8, Ground Floor, C.S.C. AGCR Enclave, Delhi, New Delhi, 110092.

Phone: +91 9999560810

E-mail: investors@blackopalgroup.in