| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹63.00 Cr |
| Reserved for Market Maker | ₹3.19 Cr |
| Net Issue Size | ₹63.00 Cr |
| Fresh Issue | ₹59.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹120.00-127.00 per share |
| BSE Code | 544542 |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. |
| Lead Managers | Vivro Financial Services Pvt.Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
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:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Utilization towards working capital requirements of the Company | 36.50 |
| 2 | Funding investment in IT infrastructure and development of technological platform | 6.30 |
| 3 | Repayment of a portion of certain outstanding borrowings availed by the Company | 5.00 |
| 4 | General Corporate Purposes | 8.34 |
| 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 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.84% |
| ROCE | 44.18% |
| Debt / Equity | 0.32% |
| RoNW | 38.84% |
| PAT Margin | 18.63% |
| EBITDA Margin | 26.33% |
| Price to Book Value | 3.42 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 10.99 | 8.09 |
| P/E (x) | 11.55 | 15.69 |
| Promoter Holding | 51.87% | 38.18% |
| Market Cap | ₹238.74 Cr. | |
