Justo Realfintech IPO
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Schedule of Justo Realfintech
| Issue open date | 24 Sep 2025 |
| Issue close date | 26 Sep 2025 |
| UPI mandate deadline | 26 Sep 2025 (5 PM) |
| Allotment finalization | 29 Sep 2025 |
| Refund initiation | 30 Sep 2025 |
| Share credit | 30 Sep 2025 |
| Listing date | 01 Oct 2025 |
| Mandate end date | 16 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 29 Oct 2025 |
| Lock-in end date for anchor investors (remaining) | 28 Dec 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Justo Realfintech
Justo Realfintech is a full-service real estate mandate company based in Maharashtra, operating in Pune, Mumbai Metropolitan Region, and Nashik with additional presence in Aurangabad and Kolhapur. The company provides comprehensive solutions including pricing and sizing of projects, sales strategy, marketing, CRM, and customer financing for lower-to-mid segment residential and commercial real estate projects. The company distinguishes itself through tech-enabled platforms – JustoVerse for customer lifecycle tracking and JustoWorks for project data management – serving over 2,700 channel partners and having facilitated sales worth over ₹7.90 lakhs across 11,000+ units since inception.
Financials of Justo Realfintech
Issue size
| Funds Raised in the IPO | Amount |
| Total issue | ₹63 crores |
| Fresh issue | ₹63 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Working capital requirements | 36.50 (57.9%) |
| IT infrastructure and technology development | 6.30 (10.0%) |
| Repayment/pre-payment of outstanding borrowings | 5.00 (7.9%) |
| General corporate purposes | 15.20 (24.2%) |
Strengths
- Strong and extensive network of Channel Partners (CPs)
- Custom-built integrated technology platform driving operational excellence
- Marketing and sales expertise supported by operational efficiency
- Experienced leadership team with strong execution capabilities
Risks
- High revenue concentration from limited number of clients creates dependency risk
- Project-based business model leads to inconsistent customer relationships and revenue volatility
- Intense competition from established players and local brokers pressures pricing and profitability
- Heavy reliance on third-party technology vendors like IndexNine poses operational and infrastructure risks
Allotment Status for Justo Realifintech
To check your allotment status – click here.
Subscription Figures for Justo Realfintech
As per media reports (Link), the Grey Market Premium (GMP) of Justo Realfintech is reported at ₹21 over the IPO price. This metric is not reliable, and to track IPO interest, it is better to check subscription numbers published by exchanges, which are considered more reliable indicators.
Subscription numbers as of 5:00 PM on September 26, 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 9.42 | 67.95 | 7.21x |
| NII | 7.08 | 48.23 | 6.81x |
| Retail | 16.50 | 34.66 | 2.10x |
| Total | 33.00 | 150.84 | 4.57x |