Justo Realfintech Limited IPO
Justo Realfintech Limited IPO
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Having completed its public offering, Justo Realfintech Limited's is now listed and trading on the BSE exchange as of 01-10-2025. The IPO raised cumulative capital of 49,61,000 Shares, including 49,61,000 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹120 to ₹127 and minimum investment requirement of 1000 shares. subscription activity between 24-09-2025 and 26-09-2025 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 29-09-2025 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Justo Realfintech IPO About Company
Justo Realfintech, incorporated in 2019, is a real estate solutions provider that focuses on sales, marketing, funding, and project planning for mid-ticket residential developments. The company has supported developers in selling projects worth ₹8,15,000 lakhs (₹81,500 crore), covering more than 11,250 units up to March 31, 2025. As of August 2025, it is managing 37 active real estate projects across Pune, Mumbai, and Nashik, with its earlier operations spread across Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik. In the coming two years, the company aims to achieve a sales portfolio of 8.5 million square feet and expand into Hyderabad, Bengaluru, Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai. Its business model is built around launch projects that handle end-to-end sales and marketing, sustenance projects that maintain sales momentum, a wide channel partner network of brokers, and a custom-built technology platform for smooth operations. The IPO proceeds are planned to be used for working capital requirements of ₹36.50 crore, investment of ₹6.30 crore in IT infrastructure and platform development, repayment of borrowings worth ₹5.00 crore, and for general corporate purposes.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Justo Realfintech IPO Strength Factors
- Proven Sales Track Record – Achieved ₹81,500 Cr. project sales and delivered 11,250+ units within just 6 years of operations.
- Tech-Enabled & Scalable Network – Strong channel partner base supported by a technology-driven model ensures efficiency and rapid market penetration.
- Expanding Market Footprint – Established presence across multiple cities with aggressive plans to enter Tier-1 Indian markets and international expansion into Dubai.
Justo Realfintech IPO Risk Factors
- Regulatory Non-Compliance Risk – Non-adherence to Sections 42(4) & 42(6) of the Companies Act, with the RoC compounding application still under review, may lead to penalties or restrictions.
- Receivables & Cash Flow Risk – Delayed payments or defaults from clients could disrupt cash flows and reduce profitability.
- Revenue Concentration Risk – Heavy reliance on a few major clients; losing any key customer could significantly impact financial stability and growth.
Justo Realfintech IPO Lead Manager(s)
- Vivro Financial Services Private Limited
Justo Realfintech IPO Promoter(s)
- Puspamitra Das
Justo Realfintech IPO FAQs
Justo Realfintech Limited IPO subscribed 4.65 times. The public issue subscribed 2.1 times in the retail category,7.21times in QIB, and 9.07 times in the HNI (10+) category byNovember 21, 2025 9:26:33 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Justo Realfintech IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Justo Realfintech IPO FAQs
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