Justo Realfintech Subscription
Last updated on 26-Sep-2025 19:33:08
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 942000 | 6795000 | 7.21 |
| HNIs | 708000 | 4823000 | 6.81 |
| bHNI | 471000 | 4022000 | 8.54 |
| sHNI | 237000 | 801000 | 3.38 |
| Individual | 1650000 | 3466000 | 2.1 |
| Total | 3300000 | 15084000 | 4.57 |
Application-Wise Breakup  | |||
|---|---|---|---|
| Category | Reserved | Applied | Times |
| HNIs (10L+) | 157 | 384 | 2.45 |
| HNIs (3-10L) | 79 | 249 | 3.15 |
| Individual | 825 | 1733 | 2.1 |
| QIB Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹1.2 | @8% ₹1.4 | @9% ₹1.6 | @10% ₹1.8 | @11% ₹1.9 | @12% ₹2.1 |
Justo Realfintech Lot(s) Distribution
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| bHNI | 8 | 8000 | 1016000 | 157 |
Justo Realfintech Reservation
| Category | Shares Offered | % |
|---|---|---|
| Anchor | 1410000 | 28.42% |
| QIB | 942000 | 18.99% |
| HNI | 708000 | 14.27% |
| INDIVIDUAL | 1650000 | 33.26% |
| Market Maker | 251000 | 5.06% |
| Total | 4961000 | 100% |
Justo Realfintech About
Justo Realfintech IPO Details
| Total Issue Size | 49,61,000 shares (aggregating up to ₹63.00 Cr) |
| Fresh Issue Size | 49,61,000 shares (aggregating up to ₹63.00 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 |
| Reserved for Market Maker | 2,51,000 shares (aggregating up to ₹3.19 Cr) |
| Market Maker | Rikhav Securities Ltd. |
Key Performance Indicator (KPI)
| KPI | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| ROE | 38.84% | 28.35% | 120.64% |
| ROCE | 44.18% | 34.31% | 136.48% |
| RONW | 38.84% | 28.35% | 120.64% |
| EPS (basic) | 11.54 | 5.48 | 12.53 |
| P/E Pre IPO | 11.55 | ||
| P/E Post IPO | 15.69 |
Financial Details In Crores
| Period Ended | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Assets | 76.28 | 41.77 | 32.62 |
| Total Income | 81.64 | 59.45 | 70.55 |
| Profit After Tax | 15.21 | 6.69 | 15.3 |
| EBITDA | 21.49 | 9.47 | 22 |
| NET Worth | 51.4 | 26.92 | 20.31 |
| Reserves and Surplus | 38.57 | 26.93 | 20.23 |
| Total Borrowing | 16.23 | 2.31 | 3.61 |
Peer Comparision
There are no listed companies whose business operations are similar to those of the Company or are of a comparable size to that of the Company.Company Overview
Incorporated: 2019
Nature of Business: Comprehensive real estate solutions provider focusing on sales, marketing, funding, and project planning, mainly for mid-ticket residential developments.
Track Record: Assisted developers in selling projects worth ₹8,15,000 lakhs (₹81,500 Cr.), representing 11,250+ units (till March 31, 2025).
Active Mandates: 37 real estate projects across Pune, Mumbai, and Nashik (as of Aug 31, 2025).
Geographic Reach: Initially present in Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, Nashik.
Expansion Plans: Targeting 8.5 million sq. ft. sales portfolio over next 2 years, with entry into Hyderabad, Bengaluru, AP, Karnataka, Tamil Nadu, and Dubai.
Business Model:
Launch Projects – End-to-end marketing & sales from project initiation.
Sustenance Projects – Driving sales momentum for ongoing projects.
Channel Partner Network (CPs) – Strong real estate broker & partner network.
Tech Platform – Integrated, custom-built system for operations & efficiency.
Justo Realfintech IPO Objectives
The Company Justo Realfintech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Utilization towards working capital requirements of the Company: ₹ 36.50 Crores.
Funding investment in IT infrastructure and development of technological platform: ₹ 6.30 Crores.
Repayment of a portion of certain outstanding borrowings availed by the Company: ₹ 5.00 Crores.
General Corporate Purposes.
Strength
Proven Track Record of Large-Scale Sales – ₹81,500 Cr. project sales and 11,250+ units handled within 6 years of operations.
Strong CP Network & Tech-Driven Model – Ensures scalability, operational efficiency, and market penetration.
Diversified Market Presence with Expansion Plans – Active in multiple cities and poised for expansion into Tier-1 Indian markets & Dubai.
Weakness
Regulatory Compliance Issues – Non-compliance under Sections 42(4) & 42(6) of Companies Act; outcome of RoC compounding application pending.
Receivables & Payment Default Risk – Delays or defaults from clients could affect profits and cash flow.
Client Concentration Risk – Revenue dependence on a limited number of clients; loss of any major client may adversely affect business stability.
Justo Realfintech Lead Manager(s)
Justo Realfintech Address
801/802,
8th Floor, EL Tara Building, Powai,
Off. Orchard Avenue, Hiranandani Gardens,
Mumbai, Maharashtra, 400076
Phone: +91-22 3513 4314
Email: cs@justo.co.in
Website: http://www.justo.co.in/
Justo Realfintech Registrar
Justo Realfintech Reviewers
| Reviewer | Recommendation | File |
|---|