Justo Realfintech IPO
Open SmeCurrent GMP
₹4 (+3.15%)
Price Band
₹ 120 – 127
Lot Size
1000
Issue Size
₹63 Cr
Minimum Investment
₹254000 (2000 Shares)
Listing Date
01 October 2025
Subscription
4.65x
About the Company
Incorporated in 2019, Justo Realfintech Limited is engaged in providing end-to-end real estate solutions, including sales, marketing, funding, and project planning services, with a primary focus on mid-ticket residential developments.
Since inception, the company has facilitated the sale of real estate projects worth over ₹8,15,000 lakhs, representing more than 11,250 housing units as of March 31, 2025. As on August 31, 2025, Justo Realfintech is actively managing mandates for 37 real estate projects across Pune, Mumbai, and Nashik.
The company initially established its presence in Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik, and now aims to scale its sales portfolio to 8.5 million sq. ft. over the next two years. The planned expansion includes entry into new markets such as Hyderabad, Bengaluru, and select cities across Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai.
Business Model
- Launch Projects – Driving sales and marketing for newly launched developments.
- Sustenance Projects – Supporting ongoing sales of projects post-launch.
As of August 31, 2025, the company employs 331 professionals across various functions.
Promoters
- Puspamitra Das
Promoters Holding
Holding Pre Issue
51.87%
Holding Post Issue
0.00%
Objects of the Issue
The Company Justo Realfintech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Utilization towards working capital requirements of our Company
- Funding investment in IT infrastructure and development of technological platform
- Repayment of a portion of certain outstanding borrowings availed by our Company
- General Corporate Purposes
Address / Contact Info
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/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 24 September 2025
IPO Close Date
Friday, 26 September 2025
Basis of Allotment
Monday, 29 September 2025
Initiation of Refunds
Tuesday, 30 September 2025
Credit of Shares to Demat
Tuesday, 30 September 2025
Listing Date
Wednesday, 01 October 2025 — NSE & BSE
Important Dates
Open Date
24 September 2025
Close Date
26 September 2025
Basis Of Allotment
29 September 2025
Listing Date
01 October 2025
Financial Performance (₹ in Crores)
| Particular | 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 | 15.3 |
| Net Worth | 51.4 | 26.92 | 20.31 |
| Reserve & Surplus | 38.57 | 26.93 | 20.23 |
| Total Borrowings | 16.23 | 2.31 | 3.61 |
EPS Pre
10.99%
EPS Post
8.09%
P/E Pre
11.55
P/E (Post Issue)
15.69x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon, Mar 31, 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 38.84 | 28.35 | 120.64 |
| ROCE % | 44.18 | 34.31 | 136.48 |
| Debt / Equity | 0.32 | 0.1 | 0.18 |
| RoNW % | 38.84 | 28.35 | 120.64 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 18.63 | 11.26 | 21.68 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Market Maker | 251000 | 7.07 | 0 |
| Qualified Institutions | 942000 | 0 | 0 |
| Non-Institutional | 708000 | 19.94 | 0 |
| Retail Investors | 1650000 | 46.47 | 0 |
| Total | 3551000 | 100 | 0 |
Subscription Status ( Fri, 26 Sep 25 01:59 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 942000 | 6795000 | 7.21x |
| Non-Institutional | 708000 | 5074000 | 7.17x |
| Retail Investors | 1650000 | 3466000 | 2.1x |
| Total | 3300000 | 15335000 | 4.65x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 254,000.00 |
| Retail (Max) | 2 | 2,000 | 254,000.00 |
| S-HNI (Min) | 3 | 3,000 | 381,000.00 |
| S-HNI (Max) | 7 | 7,000 | 889,000.00 |
| B-HNI (Min) | 8 | 8,000 | 1,016,000.00 |
Registrar
Purva Sharegistry India Pvt Ltd
91 22 3522 0056 , 91 22 4961 4132
support@purvashare.com
https://www.purvashare.com
Book Running Lead Managers
- Vivro Financial Services Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Justo Realfintech IPO is a Book-building IPO worth ₹63 crores. The price band is ₹120 to 127 per share. The IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025. It will be listed on BSE and NSE. Purva Sharegistry India Pvt Ltd is the registrar.
The Justo Realfintech IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025
Justo Realfintech IPO Price Band is ₹120 to 127.
Justo Realfintech IPO lot size is 1000, and the minimum amount required for application is ₹254000.
The minimum investment for Justo Realfintech IPO is approximately ₹254000 based on the upper price band.
To apply for the Justo Realfintech IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 26, 2025. After submission, funds are blocked until the basis of allotment of Justo Realfintech IPO is finalised.
Justo Realfintech IPO issue size is ₹63 crores.
Justo Realfintech IPO allotment date is Sat, Jun 27, 2026.
The registrar for Justo Realfintech IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Justo Realfintech IPO through their official website or helpline.
The Justo Realfintech IPO GMP (Grey Market Premium) is ₹4 as of Wed, Oct 1, 2025. Based on the upper price band of ₹127 per share, the estimated Justo Realfintech IPO listing price is ₹131, indicating a potential listing gain of approximately 31% over the issue price.