Justo Realfintech IPO Details
Justo Realfintech IPO Summary
Justo Realfintech IPO opens for subscription on 24 Sep 2025 and closes on 26 Sep 2025.The IPO will be listed on BSE with the tentative listing date set for 01 Oct 2025.
Justo Realfintech IPO price band has been fixed at ₹120 – ₹127 per share. The face value is ₹10 per share with a lot size of 1000.
Justo Realfintech IPO total issue size comprises 49,61,000 shares (aggregating up to ₹63.00 Cr). This includes a fresh issue of 49,61,000 shares (aggregating up to ₹63.00 Cr). Pre-issue shareholding stands at 1,38,37,142, which will increase to 1,87,98,142 post-issue.
Justo Realfintech IPO carries a ₹4 (3.15%) GMP, reflecting investor sentiment.
Justo Realfintech IPO Lot Size :Individual Minimum is 2 lots (2,000 shares) amounting to ₹254,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹254,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹381,000. SHNI Maximum is 7 lots (7,000 shares) amounting to ₹889,000. BHNI Minimum is 8 lots (8,000 shares) amounting to ₹1,016,000.
The Lead Managers for Justo Realfintech IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Vivro Financial Services Pvt Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Rikhav Securities. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Justo Realfintech Limited RHP.
Justo Realfintech IPO Details
Justo Realfintech IPO Subscription
Justo Realfintech IPO Application Wise Breakup
Justo Realfintech IPO Dates
- 24 Sep 2025Opening dateOpen
- 26 Sep 2025Closing dateClose
- 29 Sep 2025Allotment Date Allotment
- 30 Sep 2025Initiation of RefundsRefund
- 30 Sep 2025Credit of SharesCredit
- 01 Oct 2025Listing dateListing
Justo Realfintech IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹254,000 |
| Individual Maximum | 2 | 2000 | ₹254,000 |
| SHNI Minimum | 3 | 3000 | ₹381,000 |
| SHNI Maximum | 7 | 7000 | ₹889,000 |
| BHNI Minimum | 8 | 8000 | ₹1,016,000 |
Justo Realfintech IPO Reservation
Promoter Holding
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Justo Realfintech IPO Valuations
Justo Realfintech Financial Information
| Period Ended | 28 Feb 2025 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 72.68 | 41.77 | 32.62 | 14.29 |
| Total Income | 73.53 | 59.45 | 70.55 | 30.19 |
| Profit After Tax | 13.23 | 6.69 | 15.30 | 3.70 |
| Net Worth | 49.46 | 26.92 | 20.31 | 5.05 |
| Reserves and Surplus | 36.62 | 26.93 | 20.23 | 4.93 |
| Total Borrowing | 13.99 | 2.31 | 3.61 | 2.95 |
| Amount in ₹ Crore | ||||
About Justo Realfintech IPO
Incorporated in 2019, Justo Realfintech Limited is specializes in providing comprehensive real estate solutions, including sales, marketing, funding, and project planning services, primarily targeting mid-ticket residential developments.
Since inception, the company enabled sales of over ₹7,90,000 lakhs (11,000+ units) and hold active mandates worth ₹3,24,458 lakhs. Recently, they signed five new projects totaling ₹74,830.49 lakhs.
Initially operating in cities like Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik, Justo Realfintech plans to expand its sales portfolio to 8.5 million sq ft over the next two years, targeting new markets such as Hyderabad, Bengaluru, and select cities in Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai.
The business model is based on exclusive mandates and success-based fees. They handle launch projects from inception to sales and boost sales for mid-stage or struggling real estate projects.
As of March 31, 2025, the company had a total of 419 employees across various departments.
Strength Of Justo Realfintech IPO
1. Strong presence in fast growing real estate market of Pune and MMR.
3. Live mandates with significant saleable inventory.
4. Custom-built integrated technology platform driving operational excellence.
5. Marketing and sales expertise supported by operational efficiency.
Risk Of Justo Realfintech IPO
1. Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.
2. We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.
3. Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition
4. We derive a significant portion of our revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect our business, results of operations, financial conditions and cash flows.
5. The number of ongoing projects we have executed in the past, our live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of our mandates expose us to execution risk and variability in revenue, materiality and adverse impact our revenue from operations, cash flows, financial condition and cash flows.
6. Our historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, our sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect our revenues, profitability, and cash flow.
7. There have been some instances of non-compliances and/or delay in compliance, with legal or regulatory requirements, including with respect to form filings and intimations under the Companies Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory filing made with the RoC under applicable law.
8. We face significant competition within the real estate mandate industry from Indian companies and local brokers. This competitive landscape may adversely affect our service pricing, profitability, and our capacity to secure new mandates, as well as increase in the costs associated with growing our customer base.
9. We rely on Channel Partners to provide our services to customers. If our key Channel Partners discontinue working with us for any reason, it can adversely impact our ability to sell properties within the stipulated time.
10. While we have a presence across Maharashtra, our projects are primarily concentrated in Pune and Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws, regulations, or the political and economic environment in these regions could adversely impact our business, financial condition, and results of operations.
Objectives Justo Realfintech IPO
1. Utilization towards working capital requirements of the Company
2. Funding investment in IT infrastructure and development of technological platform
3. Repayment of a portion of certain outstanding borrowings availed by the Company
4. General Corporate Purposes
Company Contact Details
Justo Realfintech Ltd.
801/802,
8th Floor, EL Tara Building, Powai,
Off. Orchard Avenue, Hiranandani Gardens,
Mumbai, Maharashtra, 400076
Phone: +91-22 3513 4314
Email: cs@justo.co.in
Website: http://www.justo.co.in/
Registrar Contact Details
Justo Realfintech FAQs
The Justo Realfintech IPO is a SME public issue comprising 4961000 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹63.00 Cr. The issue price has been fixed at ₹127 per equity share, and the minimum application size is 1000 shares.
The IPO opens for subscription on 24 Sep 2025, and closes on 26 Sep 2025.
Purva Sharegistry India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the BSE
As of now, the current GMP stands at ₹4 (3.15%).
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