Justo Realfintech IPO

Justo Realfintech Limited, incorporated in 2019, specialises in offering comprehensive real estate solutions covering sales, marketing, funding, and project planning, with a strong focus on mid-ticket residential developments. Since inception, it has supported developers in selling over ₹8,15,000 lakhs worth of projects, amounting to more than 11,250 units as of March 31, 2025. With 37 active mandates across Pune, Mumbai, and Nashik, the company now plans to expand its 8.5 million sq ft portfolio into Hyderabad, Bengaluru, select South Indian cities, and Dubai over the next two years.

Justo Realfintech Limited IPO Overview

Justo Realfintech IPO is a book-built issue of ₹63.00 crores, consisting entirely of a fresh issue of 0.50 crore shares. The IPO opens for subscription on September 24, 2025, and closes on September 26, 2025, with allotment expected to be finalised on September 29, 2025. The shares will list on the BSE SME platform, with a tentative listing date of October 1, 2025. The price band has been set between ₹120 and ₹127 per share, and the lot size is 1,000 shares. For retail investors, the minimum application requires 2,000 shares, amounting to ₹2,54,000 at the upper price band, while the minimum investment for HNIs is 3 lots, or 3,000 shares, totalling ₹3,81,000. Vivro Financial Services Pvt. Ltd. is acting as the book-running lead manager, Purva Sharegistry (India) Pvt. Ltd. is the registrar, and Rikhav Securities Ltd. is the market maker for the issue.

Justo Realfintech Limited IPO Details

Particulars	Details
IPO Date	24 September 2025 to 26 September 2025
Listing Date	1 October 2025
Face Value	₹10 per share
Issue Price Band	₹120 to ₹127 per share
Lot Size	2,000 Shares
Total Issue Size	49,61,000 shares (aggregating up to ₹63.00 Cr)
Fresh Issue	49,61,000 shares (aggregating up to ₹63.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	BSE SME
Share Holding Pre Issue	1,38,37,142 shares
Share Holding Post Issue	1,87,98,142 shares
Market Maker Portion	2,51,000 shares (aggregating up to ₹3.19 Cr)

Justo Realfintech Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Justo Realfintech Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	2	2,000	₹2,54,000
Retail (Max)	2	2,000	₹2,54,000
S-HNI (Min)	3	3,000	₹3,81,000
S-HNI (Max)	7	7,000	₹8,89,000
B-HNI (Min)	8	8,000	₹10,16,000

Justo Realfintech Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	51.87%
Post-Issue	[To be updated]

Justo Realfintech Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	Pre IPO: ₹10.99, Post IPO: ₹8.09
Price/Earnings (P/E) Ratio	Pre IPO: 11.55x, Post IPO: 15.69x
Return on Net Worth (RoNW)	38.84%
Net Asset Value (NAV)	₹51.40 Cr
Return on Equity (ROE)	38.84%
Return on Capital Employed (ROCE)	44.18%
EBITDA Margin	26.33%
PAT Margin	18.63%
Debt to Equity Ratio	0.32

Objectives of the Proceeds

• Utilisation towards working capital requirements of the company – ₹365 million

• Funding investment in IT infrastructure and technology platform – ₹63 million

• Repayment of certain outstanding borrowings of the company – ₹50 million

• General corporate purposes – balance proceeds utilised

Key Financials (in ₹ Crore)

Particulars	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	76.28	41.77	32.62
Revenue	81.64	59.45	70.55
Profit After Tax	15.21	6.69	15.30
Reserves and Surplus	38.57	26.93	20.23
Total Borrowings	16.23	2.31	3.61