Comparison between Justo Realfintech IPO and Krupalu Metals IPO.
Justo Realfintech IPO is a SME Fixed Price IPO proposed to list at BSE SME while Krupalu Metals IPO is a SME Fixed Price proposed to list at BSE SME.
| Justo Realfintech IPO | Krupalu Metals IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Finshore Management Services Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Rikhav Securities Ltd. | Anant Securities |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Justo Realfintech IPO is up to ₹59.82 Cr whereas the issue size of the Krupalu Metals IPO is up to ₹12.80 Cr. The final issue price of Justo Realfintech IPO is ₹127.00 per share and of Krupalu Metals IPO is ₹72.00 per share.
| Justo Realfintech IPO | Krupalu Metals IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹120.00 per share | |
| Issue Price (Upper) | ₹127.00 per share | |
| Issue Price (Final) | ₹127.00 per share | ₹72.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1600 shares |
| Fresh Issue Size | 47,10,000 shares | 17,77,600 shares |
| Fresh Issue Size (Amount) | up to ₹59.82 Cr | up to ₹12.80 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,10,000 shares | 17,77,600 shares |
| Issue Size Total (Amount) | up to ₹59.82 Cr | up to ₹12.80 Cr |
Justo Realfintech IPO opens on Sep 24, 2025, while Krupalu Metals IPO opens on Sep 08, 2025. The closing date of Justo Realfintech IPO and Krupalu Metals IPO is Sep 26, 2025, and Sep 11, 2025, respectively.
| Justo Realfintech IPO | Krupalu Metals IPO | |
|---|---|---|
| Anchor Bid Date | Sep 23, 2025 | |
| Issue Open | Sep 24, 2025 | Sep 08, 2025 |
| Issue Close | Sep 26, 2025 | Sep 11, 2025 |
| Basis Of Allotment (Tentative) | Sep 29, 2025 | Sep 12, 2025 |
| Initiation of Refunds (Tentative) | Sep 30, 2025 | Sep 15, 2025 |
| Credit of Share (Tentative) | Sep 30, 2025 | Sep 15, 2025 |
| Listing date (Tentative) | Oct 01, 2025 | Sep 16, 2025 |
| Anchor Lockin End date 1 | Oct 28, 2025 | |
| Anchor Lockin End date 2 | Dec 27, 2025 |
Justo Realfintech IPO P/E ratio is 11.55, as compared to Krupalu Metals IPO P/E ratio of 13.39.
| Justo Realfintech IPO | Krupalu Metals IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)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.
| Company Financials (Restated)Krupalu Metals Ltd.'s revenue increased by 31% and profit after tax (PAT) rose by 39% between the financial year ending with March 31, 2025 and March 31, 2024.
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| Promoter Shareholding (Pre-Issue) | 51.87 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 38.18 | 68.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.55 | 13.39 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹238.74 Cr. | ₹42.28 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 38.84% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.18% | 48.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | 1.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.99 | ₹5.38 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 38.84% | 35.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Justo Realfintech IPO Retail Individual Investors (RII) are offered 16,50,000 shares while in Krupalu Metals IPO retail investors are offered 16,50,000 shares. Qualified Institutional Buyers (QIB) are offered 9,42,000 shares in Justo Realfintech IPO and 0 shares in Krupalu Metals IPO.
| Justo Realfintech IPO | Krupalu Metals IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,10,000 shares | 0 shares |
| Market Maker Reservation | 2,51,000 shares | 94,400 shares |
| QIB | 9,42,000 shares | 0 shares |
| NII | 7,08,000 shares | 8,88,000 shares |
| RII | 16,50,000 shares | 8,89,600 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,10,000 shares | 17,77,600 shares |
Justo Realfintech IPO subscribed 4.57x in total, whereas Krupalu Metals IPO subscribed 1.20x.
| Justo Realfintech IPO | Krupalu Metals IPO | |
|---|---|---|
| QIB (times) | 7.21x | |
| NII (times) | 6.81x | 1.27x |
| Big NII (times) | 8.54x | |
| Small NII (times) | 3.38x | |
| RII (times) | 2.10x | 1.13x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.57x | 1.20x |
