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Home > IPO Details

JUSTO REALFINTECH LIMITED

24 Sep 2025 - 26 Sep 2025 Individual Category SME BSE

Min Investment

₹254000

Price Band

₹120-₹127

Issue Size

35.51 lakhs
Equity Shares

Lot Size

1000 (per lot)

IPO Dates
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24 Sep 2025

Open Date

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26 Sep 2025

Close Date

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29 Sep 2025

Allotment Date

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01 Oct 2025

Listing Date

Justo Realfintech is launching an IPO worth Rs 63.00 crore, comprising entirely a fresh issue of 0.50 crore equity shares aggregating to Rs 63.00 crore. The subscription for the IPO opens on September 24, 2025, and will close on September 26, 2025, with the allotment expected to be finalised on September 29, 2025. The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of October 1, 2025. The price band for the issue has been set between Rs 120.00 and Rs 127.00 per share, with a minimum application lot of 1,000 shares. Retail investors need to invest a minimum of Rs 2,54,000 for 2,000 shares (based on the upper price), while HNI investors must apply for at least three lots (3,000 shares), totalling Rs 3,81,000. Vivro Financial Services Pvt. Ltd. is acting as the book-running lead manager, and Purva Sharegistry (India) Pvt. Ltd. has been appointed as the registrar. The market-making responsibilities will be handled by Rikhav Securities Ltd.

Know Before Investing

Strengths icon

  • Offers an end-to-end mandate model for developers.
  • Large network of channel partners across multiple markets.
  • Proprietary technology platforms like JustoVerse and JustoWorks.

Weaknesses icon

  • Revenue is project-based and can be irregular.
  • Depends heavily on repeat business from existing clients.
  • Limited operating history as a company with some scale-up risks.

About Justo Realfintech Limited

Incorporated in 2019, Justo Realfintech Limited is a full-service real estate mandate company headquartered in Maharashtra, with operations in Pune, the Mumbai Metropolitan Region (MMR), Nashik, and additional presence in Aurangabad and Kolhapur. The company offers a comprehensive suite of services, including advisory, sales strategy, marketing, CRM, and financing solutions, managing the entire customer journey in real estate transactions from initial inquiry to final sale, enabling developers to focus on approvals and property development. Since its inception, Justo Realfintech has assisted developers in selling projects worth over Rs 8,15,000 lakhs, covering more than 11,250 units as of March 31, 2025, and as of August 31, 2025, it holds active mandates for 37 real estate projects across Pune, Mumbai, and Nashik. The company employs a total of 331 staff members across various departments.

Founded

2019

Managing Director

Puspamitra Das

Parent Organization

IPO Objectives

The company plans to use the proceeds from the issue primarily to meet its working capital requirements, amounting to Rs 365 million. Additionally, Rs 63 million will be allocated for investment in IT infrastructure and the development of its technological platform, while Rs 50 million will be used to repay a portion of certain outstanding borrowings. The remaining funds will be utilized for general corporate purposes.

Company Promoters

Puspamitra Das

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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