Since incorporation, they have assisted real estate developers to sell projects worth over ₹ 8,15,000 lakhs, representing over 11,250 units till March 31, 2025. As on August 31, 2025, they have active mandates with 37 real estate projects
SME · BSESubscribed: 1.20×
Justo Realfintech IPO
Justo Realfintech IPO
Overview
Justo Realfintech IPO is a book build issue of ₹63.00 crores. The issue is entirely a fresh issue of 0.50 crore shares of ₹63.00 crore. Justo Realfintech IPO opens for subscription on Sep 24, 2025 and closes on Sep 26, 2025. The allotment for the Justo Realfintech IPO is expected to be finalized on Sep 29, 2025. Justo Realfintech IPO will list on BSE SME with a tentative listing date fixed as Oct 1, 2025. Justo Realfintech IPO price band is set at ₹120.00 to ₹127.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,54,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹3,81,000. Vivro Financial Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Total Shares
49,61,000
Issue Size
₹63.00 Cr
Price Band
₹120 – ₹127
Lot Size
1000 shares
Min. Investment
₹2,54,000
Max. Investment
₹2,54,000
Open Date
24 Sep, 2025
Close Date
26 Sep, 2025
Allotment
29 Sep, 2025
Listing
01 Oct, 2025
Max. Investment
₹2,54,000
Announced
24 Sep, 2025
Opening Date
24 Sep, 2025
Closing Date
26 Sep, 2025
Basis of Allotment
29 Sep, 2025
Initiation of Refunds
30 Sep, 2025
Credit of Shares
30 Sep, 2025
Listing Date
01 Oct, 2025
Live GMP
Est. Listing: ₹135
₹8
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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.
Justo Realfintech IPO Share Price
Issue Breakdown
Total Issue49,61,000 shares₹63.00 Cr
Fresh Issue0 shares
Offer for Sale0 shares
Shareholding
Pre-Issue1,38,37,142
Post-Issue1,87,98,142
Dilution: 35.9% increase in shares
Justo Realfintech IPO Promoters Holding
Pre-Issue51.87%
Post-Issue
Justo Realfintech IPO Financial Health
Justo Realfintech Ltd.'s revenue increased by 37% and profit after tax (PAT) rose by 127% between the financial year ending with March 31, 2025 and March 31, 2024.
Justo Realfintech IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8000 | ₹10,16,000 |
(All values in CR)
Justo Realfintech IPO Valuations
The market capitalization of Justo Realfintech IPO is ₹238.74 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 38.84 |
| ROCE | 44.18 |
| Debt/Equity | 0.32 |
| RoNW | 38.84 |
| PAT Margin | 18.63 |
| EBITDA Margin | 26.33 |
| Price to Book Value | 3.42 |
(All values in CR)
Justo Realfintech IPO Strength & Risk
+Strengths
Justo Realfintech IPO Strength:
Strong market presence in Pune and Mumbai Metropolitan Region with over 3 million sq ft portfolio and 8,500+ apartments sold across 80 projects.
Integrated technology platform enhancing operational efficiency, marketing, and customer relationship management.
Experienced leadership team with proven track record in large-scale real estate projects.
Expansion plans targeting 8.5 million sq ft in the next two years across Hyderabad, Bengaluru, Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai.
!Risks
Justo Realfintech IPO Risk:
High client concentration; loss of major clients may impact financial performance.
Project-based revenue model may lead to inconsistency in revenue generation.
Market volatility in real estate could cause delays, higher costs, and reduced profitability.
Regulatory compliance risks may result in penalties or operational disruptions.
Justo Realfintech IPO Subscriptions Status
Justo Realfintech IPO subscribed 1.20 times. The public issue subscribed 0.48 times in the individual investors category, 1.96 times in QIB (Ex Anchor), and 1.89 times in the NII category by September 25, 2025 5:04:45 PM (Day 2).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 14,10,000 | 14,10,000 | 17.907 |
| Market Maker | 1.00 | 2,51,000 | 2,51,000 | 3.188 |
| QIB (Ex Anchor) | 1.96 | 9,42,000 | 18,43,000 | 23.406 |
| Non-Institutional Buyers | 1.89 | 7,08,000 | 13,39,000 | 17.005 |
| bNII (bids above ₹10L) | 2.48 | 4,71,000 | 11,70,000 | 14.859 |
| sNII (bids below ₹10L) | 0.71 | 2,37,000 | 1,69,000 | 2.146 |
| Individual Investors (IND category bidding for 2 Lots) | 0.48 | 16,50,000 | 7,84,000 | 9.957 |
| Total | 1.20 | 33,00,000 | 39,66,000 | 50.368 |
Justo Realfintech IPO GMP
Justo Realfintech SME IPO last GMP is ₹8, last updated Sep 25th 2025 05:34 PM. With the price band of 127.00, Justo Realfintech SME IPO's estimated listing price is ₹135 (cap price + today's GMP).The expected percentage gain/loss per share is 6.30%. >> Justo Realfintech SME IPO Retail Subject to Sauda: ₹6100 The lowest GMP is ₹0.00, while the highest GMP is ₹25.00.
+₹8+6.3%
Last updated 25 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 25 Sep, 2025 | 127 | ₹8 | 6100 | ₹135 (6.30%) | 8000 | 25 Sep, 2025 |
| 24 Sep, 2025 | 127 | ₹8▼ | 6100 | ₹135 (6.30%) | 8000 | 24 Sep, 2025 |
| 23 Sep, 2025 | 127 | ₹15 | 11400 | ₹142 (11.81%) | 15000 | 23 Sep, 2025 |
| 22 Sep, 2025 | 127 | ₹15▼ | 11400 | ₹142 (11.81%) | 15000 | 22 Sep, 2025 |
| 21 Sep, 2025 | 127 | ₹25 | 19000 | ₹152 (19.69%) | 25000 | 21 Sep, 2025 |
| 20 Sep, 2025 | 127 | ₹25 | 19000 | ₹152 (19.69%) | 25000 | 20 Sep, 2025 |
| 19 Sep, 2025 | 127 | ₹25▲ | 19000 | ₹152 (19.69%) | 25000 | 19 Sep, 2025 |
| 18 Sep, 2025 | 127 | ₹21▲ | 16000 | ₹148 (16.54%) | 21000 | 18 Sep, 2025 |
| 17 Sep, 2025 | 127 | ₹0 | - | ₹127 (0.00%) | - | 17 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Justo Realfintech IPO
1
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
2
Go to IPO Section
Find Justo Realfintech IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
3
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
4
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
5
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.