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Justo Realfintech Ltd. 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 bidding started from Sep 24, 2025 and ended on Sep 26, 2025. The allotment for Justo Realfintech IPO was finalized on Sep 29, 2025. The shares got listed on BSE SME on Oct 1, 2025.
Justo Realfintech IPO price band is set at ₹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..
Refer to Justo Realfintech IPO RHP for detailed Information.
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | October 1, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹120 to ₹127 per share |
| Issue Price Final | ₹127 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 49,61,000 shares (aggregating up to ₹63.00 Cr) |
| Reserved for Market Maker | 2,51,000 shares Rikhav Securities Ltd. (aggregating up to ₹3.19 Cr) |
| Net Offered to Public | 47,10,000 shares (aggregating up to ₹59.82 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,38,37,142 shares |
| Share Holding Post Issue | 1,87,98,142 shares |
Justo Realfintech IPO offers total 49,61,000 shares. Out of which 23,52,000 (47.41%) allocated to QIB, 9,42,000 (18.99%) allocated to QIB (Ex- Anchor), 7,08,000 (14.27%) allocated to NII 16,50,000 (33.26%) allocated to RII and 14,10,000 (28.42%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,51,000 (5.06%) |
| QIB Shares Offered | 23,52,000 (47.41%) |
| − Anchor Investor Shares Offered | 14,10,000 (28.42%) |
| − QIB (Ex. Anchor) Shares Offered | 9,42,000 (18.99%) |
| NII (HNI) Shares Offered | 7,08,000 (14.27%) |
| − bNII > ₹10L | 4,71,000 (9.49%) |
| − sNII < ₹10L | 2,37,000 (4.78%) |
| Retail Shares Offered | 16,50,000 (33.26%) |
| Total Shares Offered | 49,61,000 (100.00%) |
Justo Realfintech IPO raises ₹17.91 crore from anchor investors. Justo Realfintech IPO Anchor bid date is September 23, 2025. Justo Realfintech IPO Anchor Investors list
| Bid Date | September 23, 2025 |
| Shares Offered | 14,10,000 |
| Anchor Portion Size (In Cr.) | 17.91 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 28, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 27, 2025 |
Justo Realfintech IPO opens on September 24, 2025, and closes on September 26, 2025.
| IPO Open Date | Wed, Sep 24, 2025 |
| IPO Close Date | Fri, Sep 26, 2025 |
| Tentative Allotment | Mon, Sep 29, 2025 |
| Initiation of Refunds | Tue, Sep 30, 2025 |
| Credit of Shares to Demat | Tue, Sep 30, 2025 |
| Tentative Listing Date | Wed, Oct 1, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 26, 2025 |
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 | 2,000 | ₹2,54,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,54,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
| S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
| B-HNI (Min) | 8 | 8,000 | ₹10,16,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2019, Justo Realfintech Limited is a full-service real estate mandate company. The company is based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region (“MMR”), and Nashik, with additional presence in Aurangabad and Kolhapur.
The company’s business model is built around offering a wide range of services such as advisory, sales strategy, marketing, CRM, and financing solutions. It manages the complete customer journey in real estate purchases — from the first inquiry to the final transaction — allowing developers to focus on approvals and property development.
Since its incorporation, the company has helped real estate developers sell projects worth over Rs 8,15,000 lakhs, covering more than 11,250 units as of March 31, 2025. As of August 31, 2025, it holds active mandates for 37 real estate projects in Pune, Mumbai, and Nashik.
As of August 31, 2025, the company had a total of 331 employees across various departments.
Competitive Strengths:
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.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 76.28 | 41.77 | 32.62 |
| Total Income | 81.64 | 59.45 | 70.55 |
| Profit After Tax | 15.21 | 6.69 | 15.30 |
| EBITDA | 21.49 | 9.47 | 22.00 |
| NET Worth | 51.40 | 26.92 | 20.31 |
| Reserves and Surplus | 38.57 | 26.93 | 20.23 |
| Total Borrowing | 16.23 | 2.31 | 3.61 |
| Amount in ₹ Crore | |||
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Market Capitalization | 238.74 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 10.99 | 8.09 |
| P/E (x) | 11.55 | 15.69 |
The Company Justo Realfintech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Utilization towards working capital requirements of the Company | 36.50 |
| 2 | Funding investment in IT infrastructure and development of technological platform | 6.30 |
| 3 | Repayment of a portion of certain outstanding borrowings availed by the Company | 5.00 |
| 4 | General Corporate Purposes | 8.34 |
[Dilip Davda] JRL is engaged as a full-service real estate mandate company operating in Pune, Nashik, Mumbai, Aurangabad, and Kolhapur. The company marked minor setback for FY24 in line with the general trends in the sector. While it has completed projects worth Rs. 8150 cr. till March 31, 2025, it had order book worth Rs. 4149.56 cr. as of August 31, 2025. Based on recent financial data, the IPO appears fully priced. The company enjoys niche place in comprehensive services in realty segment. It may catch first mover fancy post listing. Well-informed investors may park funds for long term. Read detail review...
| Listing Date | October 1, 2025 |
| BSE Script Code | 544542 |
| NSE Symbol | |
| ISIN | INE0W5Q01017 |
| Final Issue Price | ₹127 per share |
| BSE Listing Group | MT (Trade to Trade) |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹127.00 |
| Open | ₹122.00 |
| Low | ₹122.00 |
| High | ₹131.80 |
| Last Trade | ₹130.50 |
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/
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
Justo Realfintech IPO is a SME IPO of 49,61,000 equity shares of the face value of ₹10 aggregating up to ₹63.00 Crores. The issue is priced at ₹127 per share. The minimum order quantity is 1000.
The IPO opens on September 24, 2025, and closes on September 26, 2025.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Justo Realfintech IPO using UPI as a payment gateway. Zerodha customers can apply in Justo Realfintech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Justo Realfintech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Justo Realfintech IPO opens on September 24, 2025 and closes on September 26, 2025.
Justo Realfintech IPO lot size is 1000, and the minimum amount required for application is ₹2,54,000, with 2 lots being the minimum application size.
You can apply in Justo Realfintech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Justo Realfintech IPO will be done on Monday, September 29, 2025, and the allotted shares will be credited to your demat account by Tuesday, September 30, 2025. Check the Justo Realfintech IPO allotment status.
The Justo Realfintech IPO listing date is on Wednesday, October 1, 2025.
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