Justo Realfintech Ltd IPO
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Justo Realfintech Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | DBC | ₹ 63 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 24 Sep, 25 | 26 Sep, 25 | 2000 | ₹ 2,40,000 | Book Building - SME | 01 Oct, 25 |
Justo Realfintech Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Miscellaneous |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Justo Realfintech Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 9.76 | 21.76 | 5.21 |
| EBITDA | 10.17 | 22.09 | 5.33 |
| PAT | 6.94 | 15.33 | 3.67 |
| Total Assets | 32.85 | 30.89 | 11.38 |
| Share Capital | 0.13 | 0.13 | 0.13 |
| Total Borrowings | 0.95 | 1.47 | 0.09 |
| Operating Activities (Net Cash) | 7.35 | 15.66 | 3.79 |
| Investing Activities (Net Cash) | -1.93 | -0.22 | 0.00 |
| Financing Activities (Net Cash) | 0.95 | 1.47 | 0.09 |
| Net Cashflow | 0.31 | 0.69 | 1.26 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Justo Realfintech Ltd
Our Company was incorporated as Justo Realfintech Private Limited as a private limited company in Mumbai, Maharashtra under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated March 29, 2019, issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on October 15, 2024, and the name of our Company was changed to Justo Realfintech Limited. A fresh Certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated January 1, 2025, was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U67190MH2019PLC323318.
The real estate mandate industry is relatively nascent in India. Xanadu, Anarock, Guardians and JUSTO are the key organized mandate players in the industry. Xanadu was the first to begin operations in 2015, followed by Guardians in 2016, Anarock in 2017 and JUSTO in 2019. The mandate industry is wellestablished in Mumbai, Pune and Bengaluru. Apart from the organized players, numerous small players have mushroomed in every nook and corner of these cities - most of whom are ex-brokers and exemployees of the above mandate firms. Small players keep on coming and going, but the big 4 have been consolidating their position. They together constitute roughly 80% of the real estate mandate industry in the 3 metros.
We are a full services real estate mandate company based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region (MMR) and Nashik with additional presence in Aurangabad and Kolhapur. We provide solutions including decisions on pricing and sizing the projects and enabling the delivery of the products to the end customers. The firm has established a considerable presence in Pune and is rapidly expanding its footprint in Mumbai. We distinguish ourselves through our tech-enabled platforms that streamlines project onboarding, customer engagement and sales processes. Leveraging data-driven insights and digital tools, our Company ensures enhanced visibility and conversion for its real estate developer partners.
Peer Comparison:
- No Listed Industry Peers
Justo Realfintech Ltd IPO Key Points
Strengths
- Strong presence in fast growing real estate market of Pune and MMR.
- Live mandates with significant saleable inventory.
- Custom-built integrated technology platform driving operational excellence.
- Marketing and sales expertise supported by operational efficiency.
Risk
- Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition
Strategy
- Geographic expansion into select tier I and tier II cities.
- Expanding our financial advisory services, including construction and home purchase financing.
- Strategic Partnerships and Collaboration for Growth and Market Expansion.
- Leveraging Existing Technology and Enhancing Capabilities.
- Efficient Working Capital management and reducing dependency on borrowed funds.
- Strong presence in fast growing real estate market of Pune and MMR.
- Live mandates with significant saleable inventory.
- Custom-built integrated technology platform driving operational excellence.
- Marketing and sales expertise supported by operational efficiency.
How To Apply for Justo Realfintech Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
