Black Opal Consultants launches IPO on BSE SME platform

Black Opal Consultants Limited, a Delhi-NCR based real estate services firm, has launched its Initial Public Offering (IPO) on September 29, 2026. The issue is scheduled to remain open until October 1, 2026, with shares proposed to be listed on the BSE SME platform.

Ahead of the public issue, the company raised ₹15.69 crore from seven anchor investors. These investors were allotted 7,96,200 equity shares at the upper price band of ₹197 per share. The total public issue comprises up to 27,96,000 equity shares with a price band ranging from ₹185 to ₹197 per share.

The company intends to use the net proceeds for general corporate purposes, funding sales and marketing mandates, and investing ₹2,600 lakhs into Aurika Developers LLP to finance the development of its Ayodhya project. Black Opal Consultants provides real estate advisory, brokerage, loan syndication, and project management services.