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Justo Realfintech IPO
₹1,20,000/1000 shares
Minimum Investment
IPO Details
24 Sep 25
26 Sep 25
₹1,20,000
1000
₹120 to ₹127
BSE
₹63 Cr
01 Oct 25
Justo Realfintech IPO Timeline
Bidding Start
24 Sep 25
Bidding Ends
26 Sep 25
Allotment Finalisation
29 Sep 25
Refund Initiation
30 Sep 25
Demat Transfer
30 Sep 25
Listing
01 Oct 25
Justo Realfintech Limited
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 |
SWOT Analysis of Justo Realfintech IPO
Strength and Opportunities
- Strong network of channel partners supporting nationwide presence
- Integrated technology platform enhancing operational efficiency
- Expertise in sales, marketing, and project planning services
- Experienced leadership ensuring consistent execution and growth
Risks and Threats
- Dependence on cyclical real estate market conditions
- High competition from established real estate service providers
- Rising interest rates may reduce demand for residential projects
- Regulatory challenges across multiple cities and regions
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About Justo Realfintech Limited
Justo Realfintech IPO Strengths
- Strong and extensive network of channel partners ensuring better project reach
- Custom-built integrated technology platform driving operational excellence
- Marketing and sales expertise supported by operational efficiency
- Experienced leadership team with strong execution capabilities
Peer Group Comparison
- As per the DRHP, there are no comparable listed peer of the company and therefore information related to peer is not provided
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
1Login to your HDFC SKY Account
2Select Issue
3Enter Number of Lots and your Price.
4Enter UPI ID
5Complete Transaction on Your UPI App
FAQs On Justo Realfintech IPO
How can I apply for Justo Realfintech IPO?
You can apply via HDFC Sky using UPI-based ASBA for convenient IPO applications.
What is the lot size and minimum investment in Justo Realfintech IPO?
The lot size is 2,000 shares, requiring a minimum investment of ₹2,54,000.
When will Justo Realfintech IPO allotment be finalised?
The allotment will be finalised on 29 September 2025, with refunds initiated on 30 September 2025.
On which exchange will Justo Realfintech IPO be listed?
The IPO will be listed on the BSE SME platform with a tentative date of 1 October 2025.
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