Justo Realfintech IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Sep 24 to Sep 26 2025
Price Band
₹120 - 127
Current GMP
₹126.9 (-0.08%)
Subscription
4.57 times
IPO Details
| 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 (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 |
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 (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
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| QIB (Ex Anchor) | 7.21 |
| Non-Institutional Buyers*** | 6.81 |
| bNII (bids above ₹10L) | 8.54 |
| sNII (bids below ₹10L) | 3.38 |
| Individual Investors (IND category bidding for 2 Lots) | 2.10 |
| Total ** | 4.57 |
Anchor Investors
1
Market Maker
1
QIB (Ex Anchor)
7.21
Non-Institutional Buyers***
6.81
bNII (bids above ₹10L)
8.54
sNII (bids below ₹10L)
3.38
Individual Investors (IND category bidding for 2 Lots)
2.10
Total **
4.57
Day Wise Sub
| Day | QIB (Ex Anchor) | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Sep 24, 2025 | 1.59 | 1.30 | 1.78 | 0.33 | 0.22 | 0.84 |
| Day 2 Sep 25, 2025 | 1.96 | 1.89 | 2.48 | 0.71 | 0.48 | 1.20 |
| Day 3 Sep 26, 2025 | 7.21 | 6.81 | 8.54 | 3.38 | 2.10 | 4.57 |
DayDay 1
Sep 24, 2025
QIB (Ex Anchor)1.59
NII*1.30
NII (> ₹10L)1.78
NII (< ₹10L)0.33
Individual Investors0.22
Total0.84
DayDay 2
Sep 25, 2025
QIB (Ex Anchor)1.96
NII*1.89
NII (> ₹10L)2.48
NII (< ₹10L)0.71
Individual Investors0.48
Total1.20
DayDay 3
Sep 26, 2025
QIB (Ex Anchor)7.21
NII*6.81
NII (> ₹10L)8.54
NII (< ₹10L)3.38
Individual Investors2.10
Total4.57
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 01-10-2025 | 127.00 | 4(3.15%) | 131 |
| 30-09-2025 | 127.00 | 4(3.15%) | 131 |
| 29-09-2025 | 127.00 | 4(3.15%) | 131 |
| 28-09-2025 | 127.00 | 4(3.15%) | 131 |
| 27-09-2025 | 127.00 | 4(3.15%) | 131 |
| 26-09-2025 | 127.00 | 4(3.15%) | 131 |
| 25-09-2025 | 127.00 | 8(6.30%) | 135 |
| 24-09-2025 | 127.00 | 8(6.30%) | 135 |
| 23-09-2025 | 127.00 | 15(11.81%) | 142 |
| 22-09-2025 | 127.00 | 15(11.81%) | 142 |
| 21-09-2025 | 127.00 | 25(19.69%) | 152 |
| 20-09-2025 | 127.00 | 25(19.69%) | 152 |
| 19-09-2025 | 127.00 | 25(19.69%) | 152 |
| 18-09-2025 | 127.00 | 21(16.54%) | 148 |
| 17-09-2025 | 127.00 | 0(0.00%) | 127 |
Date01-10-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date30-09-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date29-09-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date28-09-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date27-09-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date26-09-2025
Price127.00
GMP4(3.15%)
Estimate List Price131
Date25-09-2025
Price127.00
GMP8(6.30%)
Estimate List Price135
Date24-09-2025
Price127.00
GMP8(6.30%)
Estimate List Price135
Date23-09-2025
Price127.00
GMP15(11.81%)
Estimate List Price142
Date22-09-2025
Price127.00
GMP15(11.81%)
Estimate List Price142
Date21-09-2025
Price127.00
GMP25(19.69%)
Estimate List Price152
Date20-09-2025
Price127.00
GMP25(19.69%)
Estimate List Price152
Date19-09-2025
Price127.00
GMP25(19.69%)
Estimate List Price152
Date18-09-2025
Price127.00
GMP21(16.54%)
Estimate List Price148
Date17-09-2025
Price127.00
GMP0(0.00%)
Estimate List Price127
IPO Important Dates
| 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 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
| 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 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares2,000
Amount₹2,54,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares2,000
Amount₹2,54,000
ApplicationS-HNI (Min)
Lots3
Shares3,000
Amount₹3,81,000
ApplicationS-HNI (Max)
Lots7
Shares7,000
Amount₹8,89,000
ApplicationB-HNI (Min)
Lots8
Shares8,000
Amount₹10,16,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| 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 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 202576.28
31 Mar 202441.77
31 Mar 202332.62
Period EndedTotal Income
31 Mar 202581.64
31 Mar 202459.45
31 Mar 202370.55
Period EndedProfit After Tax
31 Mar 202515.21
31 Mar 20246.69
31 Mar 202315.30
Period EndedEBITDA
31 Mar 202521.49
31 Mar 20249.47
31 Mar 202322.00
Period EndedNET Worth
31 Mar 202551.40
31 Mar 202426.92
31 Mar 202320.31
Period EndedReserves and Surplus
31 Mar 202538.57
31 Mar 202426.93
31 Mar 202320.23
Period EndedTotal Borrowing
31 Mar 202516.23
31 Mar 20242.31
31 Mar 20233.61
IPO Reservation
| 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%) |
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%)
Information about company
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:
Strong and extensive network of Channel Partners (CPs)
Custom-built integrated technology platform driving operational excellence
Marketing and sales expertise supported by operational efficiency
Experienced Leadership Team with Strong Execution Capabilities
Objectives of IPO
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 Millions)
1
Utilization towards working capital requirements of the Company
365.00
2
Funding investment in IT infrastructure and development of technological platform
63.00
3
Repayment of a portion of certain outstanding borrowings availed by the Company
50.00
4
General Corporate Purposes
Disclaimer
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