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Black Opal Consult. IPO

Closing In

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Profile
Issue Size 39.4 Cr
Profile
Price Range 185  to  197 per share
Profile
Min Investment ₹197
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

Our Company business is to facilitate the sale of residential and commercial properties developed by the reputeddevelopers in lieu of brokerage. The Company partners with the reputed developers to facilitate such sales. TheCompany specializes in selling luxury properties and has worked with reputed developers such as Gaurs Group,SKA, Galaxy, Shapoorji Pallonji, Max Estates and M3M. Black Opal Consultants Limited has successfully soldover 2,000 units as on the date of this Draft Red Herring Prospectus, leveraging the Promoters’ 18 years ofexperience in the real estate and banking sector. The Company has executed multiple projects in collaborationwith over 25 developers and a network of 200+ broker associates across its offices in the Delhi-NCR. Read More

Basic Info

Face Value 10 per share

Price 185  to  197 per share

P/E (x) 13.4

Sales( Cr.) 42

PAT( Cr.) 12

EPS 14.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Prasoon Chauhan Sheikh Arfeen Ahmed

Pre Issue Share Holding 98.6%

Post Issue Share Holding 72.46%

Listing Details:

Listing Price: --

Listing Gain: --

Current Price: --

Gain On Issue: 0 | 0%

GMP: 38

GMP %: 19.3 %

IPO Tentative Timetable

Opening Date Sep 29, 2026
Closing Date Oct 01, 2026
Allotment Oct 02, 2026
Refund Oct 05, 2026
Delivery of Shares Oct 05, 2026
Listing Date Oct 06, 2026

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1200 236,400
Retail (Max) -- -- --
S-HNI (Min) 1 1200 236,400
S-HNI (Max) 4 4800 945,600
B-HNI (Min) 5 6000 1,182,000

Objective of the Issue

1. Funding for securing Sales/Marketing mandates2. Investment in Aurika Developers LLP, one of our Group Entity, forfinancing the development of its Ayodhya Project3. General corporate purposes

Issue

Category Nos Bid Bid (x)
QIB 531000 406200 0.8x
NII 538800 550200 1x
Retail 930000 1498800 1.6x
EMP 0 0 0x
Total 1999800 2455200 1.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Black Opal Consult. Profit & Loss

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 8 20 33 42
Other Income 0 0 0 0
Total Income 8 20 33 42
Total Expenditure 5 14 17 25
Operating Profit 2 6 16 17
Interest 0 0 0 0
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 2 6 15 16
Provision for Tax 1 1 4 4
Profit After Tax 2 4 11 12
Adjustments 0 0 0 0
Profit After Adjustments 2 4 11 12
Adjusted Earnings Per Share 2.1 5.2 13.8 14.6

Black Opal Consult. Balance Sheet

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 5 9 20 33
Minority's Interest 0 0 0 -0
Borrowings 0 0 0 9
Other Non-Current Liabilities 0 0 0 6
Total Current Liabilities 1 4 2 12
Total Liabilities 7 13 22 60
Fixed Assets 0 1 0 0
Other Non-Current Assets 3 2 2 14
Total Current Assets 3 11 20 45
Total Assets 7 13 22 60

Black Opal Consult. Cash Flow

#(Fig in Cr.) Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 1 0 2 2
Cash Flow from Operating Activities -0 6 -1 16
Cash Flow from Investing Activities -2 -5 2 -22
Cash Flow from Financing Activities 2 1 -1 9
Net Cash Inflow / Outflow -1 1 0 3
Closing Cash & Cash Equivalent 0 2 2 4

Black Opal Consult. Ratios

# Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 2.06 5.18 13.76 14.65
CEPS(Rs) 2.23 5.47 14 14.8
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 5.53 10.71 24.47 39.17
Core EBITDA Margin(%) 30.3 30.08 47.09 39.73
EBIT Margin(%) 29.71 29.66 47.04 40.29
Pre Tax Margin(%) 29.34 29.4 46.77 39.3
PAT Margin (%) 21.83 21.88 34.93 29.08
Cash Profit Margin (%) 23.61 23.08 35.53 29.42
ROA(%) 26.43 44.11 64.65 29.77
ROE(%) 37.34 63.86 78.24 45.99
ROCE(%) 45.88 74.94 99.27 53.85
Receivable days 13.99 8.72 16.64 33.54
Inventory Days 0 0 0 81.82
Payable days 0 0 0 -15.72
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.13 0.04 -0.02 0.32
EV/Core EBITDA(x) 0.43 0.12 -0.05 0.78
Net Sales Growth(%) 0 150.67 66.36 27.71
EBIT Growth(%) 0 150.25 163.85 9.38
PAT Growth(%) 0 151.25 165.5 6.34
EPS Growth(%) 0 151.25 165.5 6.43
Debt/Equity(x) 0.11 0.18 0.01 0.29
Current Ratio(x) 2.08 2.7 10.65 3.81
Quick Ratio(x) 2.08 2.7 10.65 3.02
Interest Cover(x) 80.72 112.87 179.11 40.87
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 27% 74% 0% 0%
Operating Profit CAGR 6% 104% 0% 0%
PAT CAGR 9% 82% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 46% 63% 56% 56%
ROCE Average 54% 76% 68% 68%

Company Contact Information

Black Opal Consultants Ltd.

Anju

+91 9999560810

investors@blackopalgroup.in

Shop No. 8, Ground Floor C. S. C. Agcr Enclave

IPO Lead Manager(s)

Black Opal Consultants Ltd.

Khambatta Securities Ltd.

Registrar Info

Black Opal Consultants Ltd.

Skyline Financial Services Pvt Ltd

123 , Vinoba Puri,Lajpat Nagar - II,New Delhi

011-26847136/26833777

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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