The Justo Realfintech IPO is scheduled to open for subscription on September 24, 2025, and will close on September 26, 2025. The allotment will be finalized on September 29, 2025, and the shares are expected to list on the BSE SME on October 1, 2025. This SME IPO is attracting investors due to the company’s strong financial growth and an attractive price band of ₹120–₹127 per share.
Here’s a complete guide covering IPO details, dates, promoters, financials, strengths, risks, and how to apply.
Justo Realfintech IPO Details
| Particulars | Details |
| IPO Open Date | 24/09/2025 |
| IPO Close Date | 26/09/2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 to ₹127 Per Share |
| Issue Size | Approx ₹63 Crores |
| Fresh Issue | Approx ₹63 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| RHP Draft Prospectus | Download |
| DRHP Draft Prospectus | Download |
Systematic Industries IPO Date, Price, Review, Allotment Details
Justo Realfintech IPO Market Lot
The minimum market lot for Justo Realfintech IPO is 2,000 shares, with a total application amount of ₹2,54,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3,000 | ₹8,89,000 |
| S-HNI Maximum | 7 | 7,000 | ₹8,82,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,16,000 |
Justo Realfintech IPO Reservation
| Inventory Category | Shares Offers | No. of Shares |
| Anchor | 28.42% | 1410000 |
| QIB | 18.99% | 942000 |
| HNI | 14.27% | 708000 |
| RETAIL | 33.26% | 1650000 |
| Market Maker | 5.06% | 251000 |
| TOTAL | 100.00% | 4961000 |
Justo Realfintech IPO Timeline
The Praruh Technologies IPO opens on September 24, 2025, and closes on September 26, 2025. The allotment will be finalized on September 29, 2025, with the shares list on October 1, 2025.
| Event | Date |
|---|---|
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Basis of Allotment | September 29, 2025 |
| Refunds Initiation | September 30, 2025 |
| Credit to Demat Account | September 30, 2025 |
| IPO Listing Date | October 1, 2025 |
| IPO Bidding Cut-off Time | September 26, 2025 – 5:00 PM |
Promaters and Holding Pattern
The promoters of Justo Realfintech are Puspamitra Das, who is responsible for guiding the company’s strategic growth and operational decisions.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,38,37,142 | 51.87% |
| Promoter Holding Post Issue | 1,87,98,142 | 38.18% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Utilization towards working capital requirements of the Company | 36.50 |
| Funding investment in IT infrastructure and development of technological platform | 6.30 |
| Repayment of a portion of certain outstanding borrowings availed by the Company | 5.00 |
| General Corporate Purpose | – |
Company Financial
Amount ₹ in Crores
| Period Ended | March-25 | March-24 | March-23 |
| Assets | 76.28 | 41.77 | 32.62 |
| Revenue | 81.64 | 59.45 | 70.55 |
| Net Worth | 51.40 | 26.92 | 20.31 |
| profit After Tax | 15.21 | 6.69 | 15.30 |
| Reserves And Surpluse | 38.57 | 26.93 | 20.23 |
| Total Borrowing | 16.23 | 2.31 | 3.61 |
Justo Realfintech IPO Valuation
Check Justo Realfintech IPO valuation details, including Price/Earnings P/E Ratio, Earnings Per Share (EPS), Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | March-25 | March-24 | March-23 |
| EPS | 11.54 | 5.48 | 12.53 |
| ROE | 38.84 | 28.35 | 120.64 |
| ROCE | 44.18 | 34.31 | 136.48 |
| RONW | 38.84 | 28.35 | 120.64 |
| PRE IPO(PE) | 11.55 | 0 | 0 |
| POST IPO(PE) | 15.69 | 0 | 0 |
About company
Justo Realfintech Limited, founded in 2019, is a full-service real estate mandate firm based in Maharashtra. It operates in cities like Pune, Mumbai Metropolitan Region, Nashik, Aurangabad, and Kolhapur. It helps real estate developers with pricing & sizing projects, marketing strategy, CRM, financing, and managing the sales process from lead to delivery.
It has a large network of over 3,400 channel partners and uses technology-driven tools and platforms to streamline workflows and improve customer experience.
Justo Realfintech IPO Strenght Factors
- Strong financial growth with both revenue and profit increasing significantly.
- Fresh issue (no Offer for Sale), which means proceeds go directly to company growth.
- Good price band and clear application minimum make it accessible to retail investors.
- Established operations across multiple cities and strong network of channel partners
Justo Realfintech IPO Risk Factors
- SME IPOs tend to be more volatile. Market sentiment and demand can swing.
- Dependence on developer payments and project execution timelines could affect cash flows.
- Any regulatory changes in the real estate sector may impact operations.
- Risk exists that supply (lots from retail/HNI/QIB) may exceed demand, reducing listing gains.
Lead Manager
- Vivro Financial Services Pvt.Ltd.
Company Details
- Name:- Justo Realfintech
- Email:- cs@justo.co.in
- Phone:- +91-22 3513 4314
- Website:- http://www.justo.co.in/
- Address:- 801/802, 8th Floor, EL Tara Building, Powai, Off. Orchard Avenue, Hiranandani Gardens, Mumbai, Maharashtra, 400076
IPO Registrar
- Name:- Purva Sharegistry (India) Pvt.Ltd.
- Email:- newissue@purvashare.com
- Phone:- +91-022-23018261/ 23016761
- Website:- https://www.purvashare.com/investor-service/ipo-query
Disclemer
IPO Sevak (iposevak.com) is not a SEBI-registered advisor. This content is for informational purposes only and should not be considered as investment advice. Please consult a licensed financial advisor before investing.
FAQs
1.When does the Justo Realfintech IPO open and close?
Ans:- The IPO opens on September 24, 2025, and closes on September 26, 2025.
2.What is the price band for the Justo Realfintech IPO?
Ans:- The price band is ₹120 to ₹127 per equity share.
3. What is the minimum lot size and investment amount?
Ans:- The minimum market lot is 2,000 shares, requiring an investment of ₹2,54,000.
4. Who are the promoters of Justo Realfintech ?
The promoter is Puspamitra Das.
5. When will the allotment be finalized?
Ans:- The allotment will be finalized on September 29, 2025.
6. When will the IPO list on the stock exchange?
Ans:- The shares are expected to list on the BSE SME on October 1, 2025.