BOC

Black Opal Consultants Limited

Listed SME BSE Fresh Issue + OFS
🔥🔥🔥🔥🔥

Black Opal Consultants is a financial and real estate consultancy firm that markets and sells residential and commercial properties under exclusive arrangements with developers. The company also provides loan syndication services and is expanding into real estate development through its group entities.

Price Band
₹185–₹197
Lot Size
600 shares
Issue Size
₹55.08 Cr
GMP
+₹70
Est. Listing
+35.5%
Subscription
73.80×
Open Date
29 Sep
Close Date
01 Oct
Allotment
05 Oct
Listing Date
07 Oct
Min Investment
₹1,18,200

Overview

About the Company

Black Opal Consultants Limited was incorporated in 2020 and operates as an integrated real estate solutions provider. The company partners with established developers including Gaurs Group, SKA, Galaxy, Shapoorji Pallonji, Max Estates, and M3M to market and sell residential and commercial projects under exclusive or semi-exclusive arrangements. Revenue is generated through brokerage income, loan syndication fees, and advisory services. The company maintains a network of over 200 brokers and leverages digital marketing platforms. Through its group entity Aurika Developers LLP, the company is developing a commercial and hospitality project named Veda in Ayodhya, marking its strategic expansion into real estate development focused on Tier-II cities.

Company Details

Founded
2020
Headquarters
New Delhi
Industry
Financial and Real Estate Consultancy
Promoter
Prasoon Chauhan and Sheikh Arfeen Ahmed
Issue Type
Fresh Issue + OFS

📋 Objects of Issue (Use of Proceeds)

  • › Securing sales and marketing mandates with real estate developers
  • › Investment in Aurika Developers LLP for financing the Ayodhya project development
  • › General corporate purposes including working capital and operational expenses

✅ Strengths

  • ✓ Comprehensive expertise in asset and project management with a proven sales track record
  • ✓ Strong professional team with deep industry experience
  • ✓ Strategic partnerships with leading real estate developers for exclusive mandates
  • ✓ Established and reputable customer base
  • ✓ Strategic entry into high-margin real estate development with Tier-II city focus
  • ✓ Integrated advisory, sales, and loan syndication service offerings
  • ✓ Well-developed channel network in Delhi-NCR market
  • ✓ Technology-driven approach through the JustHomz digital platform

⚠️ Risks

  • ! Significant revenue dependence on limited clients without long-term contractual agreements
  • ! Geographic concentration of operations in Uttar Pradesh and Haryana regions
  • ! New entrant into real estate development without established execution history
  • ! IPO proceeds allocated for inventory underwriting without specifically identified targets
  • ! Pending renewal of UP RERA real estate agent registration