IPO - Check IPO Date, Price, Lot Size

Justo Realfintech Ltd IPO

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. We have established a considerable presence in Pune and are rapidly expanding our 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.

Justo Realfintech Ltd IPO Details

Total Shares Offered

₹ 49,61,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,48,500

Pre Issue Promoters Holding

₹ 71,77,216

Exchange

BSE

Issue size

₹ 63 Cr

IPO Open Date

Sep 24, 2025

Close Date

Sep 26, 2025

Lot Size

2000

Min Investment

₹ 2,40,000

Issue Type

Book Building - SME

Listing Date

Oct 1, 2025

Justo Realfintech Ltd IPO Dates

Sep 24, 2025

Opening date

Sep 26, 2025

Closing date

Sep 29, 2025

Basis of Allotment

Sep 30, 2025

Initiation of Refunds

Sep 30, 2025

Credit of Shares

Oct 1, 2025

Listing date

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	2.89x	2355000	6795000
NII	7.18x	706500	5074000
Retail	2.1x	1648500	3466000
Employee	0x	0	0
Total	3.09x	4961000	15335000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2.89x

7.18x

2.1x

3.09x

2355000

706500

1648500

4961000

6795000

5074000

3466000

15335000

Justo Realfintech Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	81.35	59.38	21.76
EBITDA	20.99	10.17	22.09
PAT	15.03	6.94	15.33
Total Assets	64.57	35.56	30.89
Share Capital	13.84	0.13	0.13
Total Borrowings	22.51	5.47	1.47
Operating Activities (Net Cash)	15.42	7.35	15.66
Investing Activities (Net Cash)	-4.46	-1.93	-0.22
Financing Activities (Net Cash)	22.51	5.47	1.47
Net Cashflow	8.66	0.31	0.69

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.

Peer Comparison:

No Listed Industry Peers

Justo Realfintech Ltd 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.

Experienced and qualified leadership team with strong execution capabilities.

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.

How To Apply for Justo Realfintech Ltd IPO Online?

Step 1:

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Justo Realfintech Ltd IPO?

Justo Realfintech Ltd's IPO offers shares for up to 63 It begins on Sep 24, 2025 and ends on Sep 26, 2025.

What is the price of the Justo Realfintech Ltd IPO?

The price of Justo Realfintech Ltd IPO ranges between ₹120 to ₹127 per share.

What are the open and close dates for the Justo Realfintech Ltd IPO?

The Justo Realfintech Ltd IPO opens on Sep 24, 2025 and closes on Sep 26, 2025.

When will the Justo Realfintech Ltd IPO be allotted?

The allotment for the Justo Realfintech Ltd IPO will be finalised on Sep 29, 2025. The shares will be listed on BSE and NSE on Oct 1, 2025.

What is the minimum lot size required for Justo Realfintech Ltd IPO?

The minimum lot size for Justo Realfintech Ltd IPO is 2000 shares, priced between ₹120 to ₹127 per share.

What is the GMP of Justo Realfintech Ltd IPO?

The GMP (Grey Market Premium) of Justo Realfintech Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Justo Realfintech Ltd IPO?

To check the allotment status of Justo Realfintech Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Justo Realfintech Ltd IPO getting listed?

The Justo Realfintech Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 24, 2025, and closes on Sep 26, 2025. The allotment is finalised on Sep 29, 2025.

How do you apply for the Justo Realfintech Ltd IPO?

To apply for the Justo Realfintech Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.