Black Opal Consultants Limited Files DRHP for BSE SME IPO

New Delhi, November 18: Black Opal Consultants Limited has announced that it has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company will look to raise funds through its Initial Public Offering with the shares proposed to be listed on BSE SME platform. The Black Opal Consultants IPO will be a fresh issue of 22,38,800 equity shares, and an Offer for Sale of 5,58,000 equity shares. The book-running lead manager for the Black Opal Consultants IPO is Khambatta Securities Limited, while Skyline Financial Services Private Limited is the registrar of the issue.

Black Opal Consultants is a real estate-focused advisory and asset management firm in India. It operates as part of the Black Opal Group. The company provides solutions across real estate, including strategy, sales, marketing, construction management, and financial advisory services for real estate projects. The company has worked with groups such as Gaurs, SKA, Shapoorji Pallonji, Max Estates, Galaxy and M3M. The company was established in 2020, and is headquartered in New Delhi.

Black Opal Consultants Financial Highlights

Revenue from operations increased from ₹787.99 lakh in FY23 to ₹1,975.24 lakh in FY24 and further to ₹3,286.08 lakh in FY25, and ₹1,744.94 lakh in Q1 FY26. Total income rose from ₹797.33 lakh in FY23 to ₹1,990.51 lakh in FY24 and ₹3,304.25 lakh in FY25, and reached ₹1,749.16 lakh in Q1 FY26. Profit after tax grew from ₹172.05 lakh in FY23 to ₹432.27 lakh in FY24 and ₹1,148.09 lakh in FY25, and reached ₹438.60 lakh in Q1 FY26. EPS also improved, increasing from ₹2.15 in FY23 to ₹5.18 in FY24 and ₹13.77 in FY25, and at ₹5.26 for Q1 FY26.

Promoters and Management

The company is promoted by Mr. Prasoon Chauhan and Mr. Sheikh Arfeen Ahmed. Prasoon Chauhan, Managing Director, has over 18 years of experience in real estate and banking.

What’s Ahead for Black Opal Consultants?

Black Opal Consultants has filed its DRHP with SEBI for a fresh issue and an OFS. The company is a major player in the real estate sector and has strong financials, with ₹438.60 lakh profit in Q1 FY26. The company is yet to announce other key details about the Black Opal Consultants IPO such as the price band, minimum investment, etc. Investors will hope that the company prices the Black Opal Consultants IPO at par with its financials, current business situation, and future growth potential.

REF: https://www.bsesme.com/download/352690/SME_IPO InPrinciple/DRHPBOC_20251117154714.pdf

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