Comparison between Justo Realfintech IPO and Systematic Industries IPO.
Justo Realfintech IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Systematic Industries IPO is a SME Bookbuilding proposed to list at BSE SME.
| Justo Realfintech IPO | Systematic Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Vivro Financial Services Pvt.Ltd. | Hem Securities Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Rikhav Securities Ltd. | Hem Finlease Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | 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 Systematic Industries IPO is up to ₹109.75 Cr. The final issue price of Justo Realfintech IPO is ₹127.00 per share and of Systematic Industries IPO is ₹195.00 per share.
| Justo Realfintech IPO | Systematic Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹120.00 per share | ₹185.00 per share |
| Issue Price (Upper) | ₹127.00 per share | ₹195.00 per share |
| Issue Price (Final) | ₹127.00 per share | ₹195.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 600 shares |
| Fresh Issue Size | 47,10,000 shares | 52,28,000 shares |
| Fresh Issue Size (Amount) | up to ₹59.82 Cr | up to ₹101.95 Cr |
| OFS Issue Size | 0 shares | 4,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹7.80 Cr |
| Issue Size Total | 47,10,000 shares | 56,28,000 shares |
| Issue Size Total (Amount) | up to ₹59.82 Cr | up to ₹109.75 Cr |
Justo Realfintech IPO opens on Sep 24, 2025, while Systematic Industries IPO opens on Sep 24, 2025. The closing date of Justo Realfintech IPO and Systematic Industries IPO is Sep 26, 2025, and Sep 26, 2025, respectively.
| Justo Realfintech IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Bid Date | Sep 23, 2025 | Sep 23, 2025 |
| Issue Open | Sep 24, 2025 | Sep 24, 2025 |
| Issue Close | Sep 26, 2025 | Sep 26, 2025 |
| Basis Of Allotment (Tentative) | Sep 29, 2025 | Sep 29, 2025 |
| Initiation of Refunds (Tentative) | Sep 30, 2025 | Sep 30, 2025 |
| Credit of Share (Tentative) | Sep 30, 2025 | Sep 30, 2025 |
| Listing date (Tentative) | Oct 01, 2025 | Oct 01, 2025 |
| Anchor Lockin End date 1 | Oct 28, 2025 | Oct 29, 2025 |
| Anchor Lockin End date 2 | Dec 27, 2025 | Dec 28, 2025 |
Justo Realfintech IPO P/E ratio is 11.55, as compared to Systematic Industries IPO P/E ratio of 17.75.
| Justo Realfintech IPO | Systematic Industries 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)Systematic Industries Ltd.'s revenue increased by 21% and profit after tax (PAT) rose by 49% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 51.87 | 99.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 38.18 | 73.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.55 | 17.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹238.74 Cr. | ₹435.46 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 38.84% | 25.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 44.18% | 16.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | 1.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹10.99 | ₹10.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 38.84% | 22.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Justo Realfintech IPO Retail Individual Investors (RII) are offered 16,50,000 shares while in Systematic Industries IPO retail investors are offered 16,50,000 shares. Qualified Institutional Buyers (QIB) are offered 9,42,000 shares in Justo Realfintech IPO and 11,25,600 shares in Systematic Industries IPO.
| Justo Realfintech IPO | Systematic Industries IPO | |
|---|---|---|
| Anchor Investor Reservation | 14,10,000 shares | 16,87,800 shares |
| Market Maker Reservation | 2,51,000 shares | 3,00,000 shares |
| QIB | 9,42,000 shares | 11,25,600 shares |
| NII | 7,08,000 shares | 8,44,200 shares |
| RII | 16,50,000 shares | 19,70,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 47,10,000 shares | 56,28,000 shares |
Justo Realfintech IPO subscribed 4.57x in total, whereas Systematic Industries IPO subscribed 6.20x.
| Justo Realfintech IPO | Systematic Industries IPO | |
|---|---|---|
| QIB (times) | 7.21x | 9.85x |
| NII (times) | 6.81x | 7.94x |
| Big NII (times) | 8.54x | 9.70x |
| Small NII (times) | 3.38x | 4.42x |
| RII (times) | 2.10x | 3.36x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.57x | 6.20x |
