Justo Realfintech IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 24, 2025 to September 26, 2025 |
| Listing Date | [.] |
| Face Value | ₹ 10 per share |
| Issue Price Band | ₹ 120 to ₹ 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 (aggregating up to ₹ 3.19 Cr) Rikhav Securities Ltd. |
| 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 |
About Justo Realfintech IPO
Justo Realfintech Ltd.'s upcoming Initial Public Offering (IPO) has raised interest among India's real estate and investment circles. The IPO will open for subscription from September 24, 2025, to September 26, 2025. It marks the transition of the company from an operating private mandate services provider to a listed company on the BSE SME platform. The issue size is ₹63 crore, priced between ₹120 and ₹127 per share, attracting both institutional and retail investors.
Company Background
Justo Realfintech Ltd. was incorporated in March 2019 as Justo Realfintech Private Limited. Within a short span, it has emerged as a knowledge-based real estate mandate firm with a strong focus on Maharashtra. The company’s vision is to transform the developer experience through technology-powered solutions, deep market insights, and execution expertise. Its rapid growth is reflected in sales facilitated across thousands of residential and commercial units, supported by a strong channel partner network.
Operations & Product Range
Although Justo Realfintech is not a manufacturing company, it has critical capacity in the form of proprietary technology platforms and operational bases. Its two flagship platforms — JustoVerse and JustoWorks — drive service delivery, reduce inefficiencies, and introduce transparency for developers. These platforms also enable business scalability without proportionally increasing manpower.
Facility & Infrastructure
The company’s infrastructure is technology-driven rather than factory-based. Proceeds from the IPO will be utilized towards working capital, IT infrastructure, debt repayment, and general corporate purposes.
Brands & Market Presence
The “Justo” brand is positioned as a trusted partner to developers rather than a consumer-facing name. Its core values are credibility, transparency, and technology-enabled service delivery. Currently, the company is concentrated in Maharashtra, operating in Pune, Nashik, Mumbai, Aurangabad, and Kolhapur. This focused presence enables deeper market penetration prior to national expansion.
Revenue Channels
- • Mandate / Commission Fees: Developers pay fees or a percentage of sales for project management, forming the primary revenue stream.
- • Advisory Services: Income from consulting developers on pricing, project planning, and market research.
- • Financing Facilitation: Commissions from banks and NBFCs for arranging construction loans or buyer home loans.
- • Post-Sales Services: Additional income from customer support, handover coordination, and after-sales management.
Management & Shareholding
The promoters of Justo Realfintech IPO are experienced professionals from real estate, finance, and marketing. The most prominent promoter and face of the company is Mr. Puspamitra Das, who serves as the Chairman and Managing Director. Other notable members include Chirag Prasanna Mehta, who serves as a Non-Executive Director. The pre-issue shareholding pattern shows majority promoter ownership, which will dilute post-listing.
Competitive Strengths
- • Extensive channel partner network ensuring strong project reach.
- • Proprietary technology platforms that streamline processes and enhance efficiency.
- • Proven track record in marketing and sales with smooth execution.
- • Experienced leadership team with deep industry knowledge.
Conclusion
Justo Realfintech IPO provides investors with an opportunity to participate in a fast-growing, full-service real estate mandate firm. Operating across major cities in Maharashtra, the company leverages proprietary platforms, strong partnerships, and industry expertise. While it faced a minor setback in FY24 due to broader sector trends, the IPO proceeds — targeted at working capital, IT upgrades, and debt repayment — will help sharpen operations and support sustainable growth. For investors seeking exposure to India’s real estate mandate and technology-driven services sector, this IPO may offer a promising opportunity.
Justo Realfintech IPO Financial Information
Latest Revenue
81.64
₹ Crore
Profit After Tax
15.21
₹ Crore
Net Worth
51.4
₹ Crore
Total Borrowing
16.23
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 76.28 | 81.64 | 15.21 | 51.4 | 16.23 | ||||
| 31 Mar 2024 | 41.77 | 59.45 | 6.69 | 26.92 | 2.31 | ||||
| 31 Mar 2023 | 32.62 | 70.55 | 15.3 | 20.31 | 3.61 | ||||
| Amount in ₹ Crore | |||||||||
Justo Realfintech Key Performance Indicator
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 10.99 | 8.09 |
| P/E (x) | 11.55 | 15.69 |
Frequently Asked Questions
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Competitive Strengths
To meet the working capital needs of the company.
To strengthen IT infrastructure and enhance proprietary technology platforms.
To repay part of the outstanding borrowings.
To address general corporate purposes.
Download regulatory filings
Justo Realfintech IPO Timeline
| 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid 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 |