Justo Realfintech IPO Details
The key details of Justo Realfintech’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹63.00 Cr |
| Price Range | ₹120 - ₹127 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,54,000 |
| Pre IPO Promotor Holding | 51.87% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Justo Realfintech IPO Timelines
The IPO process for Justo Realfintech includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
24/09/2025
Start Date26/09/2025
End Date30/09/2025
Refund Initiation30/09/2025
Credit of Shares to Demat Ac01/10/2025
Listing DateJusto Realfintech IPO Lot Size
The Justo Realfintech IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹127 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,54,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹3,81,000, while the maximum is 7,000 shares (7 lots) amounting to ₹8,89,000. Big HNI (B-HNI) investors need to apply for at least 8,000 shares (8 lots), totaling ₹10,16,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,54,000 |
| Retail Maximum | 2 | 2000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3000 | ₹3,81,000 |
| S-HNI Maximum | 7 | 7000 | ₹8,89,000 |
| B-HNI Minimum | 8 | 8000 | ₹10,16,000 |
Justo Realfintech IPO Subscription Status
The subscription status for Justo Realfintech IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 7.21x | 6.81x | 2.10x | -- | 4.57x |
IPO Performance on Listing Day
On the listing day (October 01, 2025), Justo Realfintech made a flat debut on the stock exchange. The stock opened at ₹126.90, marginally below its issue price of ₹127 with a negligible discount of 0.1%. The real estate fintech company showed limited upward movement, touching a day high of ₹127, matching the issue price, while facing some selling pressure that pushed the stock down to a low of ₹121.10. The shares concluded their first trading day at ₹127, exactly at par with the issue price, indicating neutral investor sentiment toward the proptech sector and a measured market response to this real estate technology solutions provider.
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹126.90 | ₹127.00 | ₹127.00 | ₹121.10 |
Justo Realfintech IPO Company Financials
Justo Realfintech reports robust performance in FY2025 with Total Income of ₹81.64 crores, managing expenses at ₹61.18 crores, and achieving a strong PAT (Profit After Tax) of ₹15.21 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹70.55 | ₹48.98 | ₹15.30 |
| FY 2024 | ₹59.45 | ₹50.40 | ₹6.69 |
| FY 2025 | ₹81.64 | ₹61.18 | ₹15.21 |
About Company
Incorporated in 2019, Justo Realfintech Limited is a full-service real estate mandate company based in Maharashtra, operating primarily in Pune, Mumbai Metropolitan Region, and Nashik, with additional presence in Aurangabad and Kolhapur. The company offers a comprehensive suite of services including advisory, sales strategy, marketing, CRM, and financing solutions. Its business model is designed to manage the entire customer journey in real estate transactions, enabling developers to concentrate on approvals and property development.
Since its inception, Justo Realfintech Limited has facilitated the sale of real estate projects worth over Rs 8,15,000 lakhs, covering more than 11,250 units as of March 31, 2025. The company held active mandates for 37 projects across Pune, Mumbai, and Nashik as of August 31, 2025. With a workforce of 331 employees, it continues to support real estate developers through end-to-end solutions, strengthening its presence in key urban markets.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2019 | Real Estate | Puspamitra Das |
Know Before Investing
Justo Realfintech IPO Strengths
- Custom-built platforms like JustoVerse and JustoWorks streamline operations, customer relationship management, invoicing, and sales tracking, enhancing operational efficiency.
- Over 3,400 channel partners facilitating robust customer outreach and market penetration.
- Offers end-to-end solutions including project pricing, sizing, marketing, CRM, sales execution, and financing advisory, allowing developers to focus on core activities.
- Revenue rose substantially from ₹1.19 crore in 2020 to ₹81.64 crore in FY25, with consistent profitability improvement highlighting effective business scaling.
- Leverages analytics and digital platforms to optimize lead generation, customer engagement, and conversion rates for developers.
- Active mandates with 37 real estate projects involving over 11,250 units, reflecting strong client trust and recurring business potential.
- Includes advisory on project marketing strategy, sales execution, and arranging finance, creating multiple revenue streams.
Justo Realfintech IPO Risks
- The company’s revenue model depends on receiving timely commission payments from real estate developers, with delays or defaults adversely impacting cash flows and profitability.
- A significant portion of revenue is derived from a few major clients, and loss or reduction in business from these clients could materially affect financial performance.
- Business is highly project-based without long-term contracts, leading to variability in revenue streams and potential unpredictability.
- Faces intense competition from other real estate mandate service providers and local brokers, which can reduce pricing power and market share.
- Past instances of non-compliance, delayed filings, and regulatory irregularities could result in penalties or legal actions, harming reputation and finances.
- Relies heavily on third-party technology vendors for platform operations; disruptions could negatively impact service delivery and business continuity.
- Historical negative cash flows from operations raise concerns about liquidity and the ability to sustain growth without additional capital.
Swot Analysis for Justo Realfintech IPO
Strengths
Technology Integration, Extensive Developer Network, Strong Financial Metrics
Weaknesses
Geographic Concentration, Working Capital Intensive, Competition from Larger Platforms
Opportunities
Growing Real Estate Market, Geographic Expansion, Collaboration with Financial Institutions
Threats
Regulatory and Policy Changes , Economic Downturn Risks, Data Security and Privacy Risks
Company Details
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/
IPO Registar Details
Purva Sharegistry (India) Pvt. Ltd.
Phone: +91-022-23018261/ 23016761
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query
FAQs
The key objectives of Justo Realfintech SME IPO are:
- Utilization towards working capital requirements of the Company
- Funding investment in IT infrastructure and development of technological platform
- Repayment of a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Vivro Financial Services Pvt. Ltd. is the book-running lead managers for the Justo Realfintech IPO.
Justo Realfintech IPO holds strong growth potential with active mandates for 37 projects worth over ₹4,149 crore across Pune, Mumbai, and Nashik. Rising adoption of digital real estate platforms and expanding client base enhance scalability though competition, regulation, and technology execution remain key risks.
The issue price for the Justo Realfintech IPO is set between ₹120 to ₹127 per share.
To invest in two lot of Justo Realfintech IPO, you need ₹2,40,000 at the lower price band (₹120 per share) or ₹2,54,000 at the upper price band (₹127 per share) for a lot size of 2000 shares.
Justo Realfintech IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 1, 2025.
Refund/unblocking of funds for Justo Realfintech IPO will begin on September 30, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Justo Realfintech IPO shares on listing day (October 1, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.