Justo Realfintech IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Wed, 24 Sep 2025
Close Date
Fri, 26 Sep 2025
Price Band
₹ 120 – 127
Lot Size
1000
Issue Size
₹ 63.00 Cr
Minimum Investment
₹ 254,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Justo Realfintech IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹63.00 Crore.
The Justo Realfintech IPO remained open for subscription from September 24, 2025, to September 26, 2025. The basis of allotment was finalized on September 29, 2025, and the company's shares were listed on BSE SME Platform on October 01, 2025.
The company had fixed the price band at ₹120 to ₹127 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹254,000 (based on the upper price band) to apply for one lot.
Purva Sharegistry India Pvt Ltd served as the registrar to the issue. Vivro Financial Services Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Justo Realfintech Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Justo Realfintech IPO Timeline (Tentative)
- IPO Open Date
- Wed, 24 Sep 25
- IPO Close Date
- Fri, 26 Sep 25
- Basis of Allotment
- Mon, 29 Sep 25
- Initiation of Refunds
- Tue, 30 Sep 25
- Credit of Shares to Demat
- Tue, 30 Sep 25
- Listing Date
- Wed, 01 Oct 25 — NSE & BSE
Open Date
24 September 2025
Close Date
26 September 2025
Basis Of Allotment
29 September 2025
Listing Date
01 October 2025
IPO Subscription
Check Live Subscription →The Justo Realfintech IPO has received bids for 1,53,35,000 shares against 33,00,000 shares offered, resulting in an overall subscription of 4.65x. the NII category is subscribed 7.17x, Retail Investors 2.1x, and QIBs 7.21x.
QIB
7.21x
NII
7.17x
RII
2.1x
Total
4.65x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,50,000 shares, representing 46.47% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 9,42,000 shares (0%), while Non-Institutional Investors (NIIs) receive 7,08,000 shares (19.94%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Market Maker | 251,000 | 7.07% |
| Qualified Institutions | 942,000 | 0% |
| Non-Institutional | 708,000 | 19.94% |
| Retail Investors | 1,650,000 | 46.47% |
| Total | 3,551,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Justo Realfintech Limited KPI Information
| 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 |
| Pat Margin % | 18.63 | 11.26 | 21.68 |
Peers Comparison
No Peer Comparision Available
About Justo Realfintech Limited
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.
Justo Realfintech IPO Promoters
- Puspamitra Das
Promoters Holding
Holding Pre Issue
51.87%
Holding Post Issue
0.00%
Justo Realfintech IPO Objective
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
Justo Realfintech Limited Address / 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/
IPO Snapshot
Justo Realfintech IPO Lot Size
The Justo Realfintech IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,54,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,54,000.
| 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 |
Issue Reservation
- Market Maker — 7.07%
- QIB — 0%
- NII — 19.94%
- RII — 46.47%
Book Running Lead Managers
- Vivro Financial Services Private Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Justo Realfintech IPO?
Justo Realfintech IPO is a Book-building IPO with a total issue size of ₹63 crore. The Justo Realfintech IPO price band is ₹120 to 127 per share. The Justo Realfintech IPO subscription opens on Wed, Sep 24, 2025, and closes on Fri, Sep 26, 2025. The Justo Realfintech IPO will be listed on the BSE. Purva Sharegistry India Pvt Ltd is the registrar for the Justo Realfintech IPO.
When will the Justo Realfintech IPO open for subscription?
The Justo Realfintech IPO opens on Wed, Sep 24, 2025 and closes on Fri, Sep 26, 2025
What is Justo Realfintech IPO Price Band?
Justo Realfintech IPO Price Band is ₹120 to 127 per share.
What is Justo Realfintech IPO Lot Size?
Justo Realfintech IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹254000 based on the upper price band
What is the minimum investment for Justo Realfintech IPO?
The minimum investment for Justo Realfintech IPO is ₹254000, based on one lot of 1000 shares at the upper price band of ₹127 per share.
How to apply for Justo Realfintech IPO?
Investors can apply for the Justo Realfintech IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 26, 2025. The application amount remains blocked until the Justo Realfintech IPO allotment is finalized.
What is Justo Realfintech IPO Issue Size?
Justo Realfintech IPO issue size is ₹63 crores.
What is the Justo Realfintech IPO Allotment Date?
Justo Realfintech IPO allotment date is Mon, Sep 29, 2025.
Who is the Justo Realfintech IPO Registrar?
The registrar for Justo Realfintech IPO is Purva Sharegistry India Pvt Ltd. Investors can go to Purva Sharegistry India Pvt Ltd website to check Justo Realfintech IPO allotment status, refund processing, and other IPO-related information.
What is the Justo Realfintech IPO GMP?
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 3.15% over the issue price.
Who is the Justo Realfintech IPO Lead Manager?
The book-running lead managers (BRLMs) for the Justo Realfintech IPO are Vivro Financial Services Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Justo Realfintech IPO Red Herring Prospectus (RHP).