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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding Security Deposits for Sales Mandates
Providing refundable security deposits to developers for securing sales and marketing rights.
Capital Investment in Aurika Developers LLP
Investing in subsidiary entity Aurika Developers LLP to finance project construction in Ayodhya.
General Corporate Purposes
Meeting ongoing operational requirements and general administrative expenses.
(₹ in Crore)
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Black Opal Consultants Limited, incorporated in 2020, operates as a real estate advisory and project marketing firm based in the Delhi NCR region. The company provides property consultancy, primary market sales representation for residential and commercial projects, loan syndication, and structured financial advisory. It acts as an exclusive or preferred marketing partner for leading real estate developers including Gaurs Group, M3M, SKA, Shapoorji Pallonji, and Max Estates. The enterprise works through an asset-light distribution framework supported by a network of over 200 registered channel partners across northern India. To secure sales mandates for prime real estate inventory, the firm commits capital as refundable security deposits to project developers. The company also leverages digital marketing channels to generate customer inquiries and drive property transactions. In addition to its core advisory services, the firm has expanded into real estate project development by acquiring a 76 percent equity stake in Aurika Developers LLP. This group entity is currently executing its inaugural commercial and hospitality development project named Veda, located in Ayodhya, Uttar Pradesh.
Black Opal Consultants Limited raised Rs 15.69 crore through its anchor placement on September 28, 2026, allocating 7,96,200 equity shares at Rs 197 per share to institutional investors including Venus Investments VCC, Longthrive Capital VCC, Radiant Global Fund, Uni Growth Fund, PESB Alpha Fund, and Algoquant Global Opportunities Fund.
Source: RHP • Analysis provided for informational purposes
Last Updated: 4 October 2026, 2:05 PM
Established Distribution Network
Operates an active channel network of over 200 partner brokers across northern India to drive property sales.
Diversified Revenue Streams
Generates operational income across property marketing consultancy, financial advisory, loan syndication, and real estate development.
Tier-1 Developer Mandates
Maintains preferred marketing representation with prominent developers including Gaurs Group, M3M, SKA, Shapoorji Pallonji, and Max Estates.
Geographic Concentration
A significant portion of operational revenues is concentrated in real estate developments located in Delhi NCR and Uttar Pradesh.
Reliance on Sales Mandates
Financial results depend heavily on securing and retaining marketing mandates from major property developers.
Capital Outlay for Developer Deposits
Acquiring exclusive sales mandates requires deploying substantial capital as refundable security deposits to developers.
Skyline Financial Services Private Limited
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