
Justo Realfintech IPO GMP & Review: Should You Apply or Avoid?
Posted by : sachet | Sat Sep 20 2025

Check Expert’s Verdicts on Justo Realfintech IPO
Justo Realfintech’s IPO is open for bidding from 24th September 2025 to 26th September 2025. It is a book-building IPO of ₹63.00 crores, comprising an entirely fresh issue of 0.50 crore. The issue will be listed on BSE and SME on its tentative listing date, 1st October 2025.
Justo Realfintech IPO Details
The Justo Realfintech IPO date is fixed between 24th September 2025 and 26th September 2025. The face value of Justo Realfintech’s IPO shares is ₹10 per share, and the IPO price is set between ₹120 and ₹127 per share.
Purva Sharegistry Private Limited is the registrar of the Justo Realfintech IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.
IPO Open Date | 24th September 2025 |
IPO Close Date | 26th September 2025 |
IPO Allotment Date | 29th September 2025 |
Refund Initiation | 30th September 2025 |
Issue Size | 49,61,000 shares(aggregating up to ₹63.00 Cr) |
Face Value | ₹10 per share |
Lot Size | 1,000 shares |
Issue Price Final | ₹120 to ₹127 per share |
Issue Type | Bookbuilding IPO |
Listing At | BSE & SME |
Listing Date | 1st October 2025 |
Justo Realfintech IPO Share Reservation
Justo Realfintech’s IPO is a book-building IPO of ₹63.00 crores, comprising an entirely fresh issue of 0.50 crore, which will be listed on the BSE and SME. Furthermore, SEBI has specified the share reservation criteria for different investor categories.
Investor Categories | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50% of the Net Issue |
Retail Shares Offered | Not less than 35% of the Net Issue |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Justo Realfintech IPO GMP Grey Market Premium
GMP is the gap between the price band of the issue and the price at which company shares are currently trading in the grey market. Would you like to receive live updates on the Justo Realfintech IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.
GMP Date | IPO Price | GMP | Estimated Listing Price | Estimated Listing Gains |
20-09-2025 | ₹127.00 | ₹25.00 | ₹152.00 | 19.69% |
19-09-2025 | ₹127.00 | ₹25.00 | ₹152.00 | 19.69% |
18-09-2025 | ₹127.00 | ₹21.00 | ₹148.00 | 16.54% |
17-09-2025 | ₹127.00 | ₹0.00 | ₹127.00 | 0.00% |
As of 20th September 2025, Justo Realfintech’s IPO GMP stands at ₹25 per share, indicating that the share is likely to list at ₹152 on its tentative listing date, 1st October 2025.
GMP data is subject to change based on market trends and sentiments. Please verify the live GMP status before applying for the Justo Realfintech GMP. Stay informed with Univest to know about real-time insights on IPOs and their GMP trends.
Justo Realfintech IPO GMP Review

Check out the detailed Justo Realfintech GMP IPO review for a thorough understanding of its potential to report listing gains on 1st October 2025. The Justo Realfintech IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.
Financial Health
Assess a company’s financial performance to know about its ability to sustain a competitive edge. Therefore, it is crucial to comprehend the business’s financial growth margins and declines before applying for the Justo Realfintech IPO.
Justo Realfintech Limited’s revenue increased by 37% from ₹59.45 crores in March 2024 to ₹81.64 crores in March 2025. Moreover, the company’s PAT rose by 127% from ₹6.69 crores to ₹15.21 crores.
Justo Realfintech Limited’s IPO has shown consistent revenue growth, indicating that the company is financially stable. Moreover, brokers, investors, and RAs have a positive outlook for the Justo Realfintech IPO on its tentative listing day, October 1, 2025.
Technical Analysis
Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technical aspects of the Justo Realfintech IPO.
Key Indicators | Value |
PE Ratio (Price-to-Earnings) | 11.55 |
EPS (Earnings Per Share) | 10.99 |
RoNW | 38.84% |
ROCE | 44.18% |
ROE | 38.84% |
EBITDA Margin | 26.33% |
Price to Book Value | 3.42 |
Market Capitalisation | ₹238.74 Cr |
The P/E ratio of Justo Realfintech Limited’s share is 11.55, and its Earnings Per Share (EPS) stands at 10.99. Thus, the Justo Realfintech Limited IPO can potentially deliver gains on its tentative listing date, 1st October 2025.
Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Justo Realfintech Limited are subject to change after the IPO. Refer to the table below for post-issue updates on these two metrics.
Justo Realfintech IPO Subscription Status
The Justo Realfintech IPO is to be opened for bidding on 24th September 2025. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Justo Realfintech IPO subscription status.
Investor Category | Shares Offered | Shares Subscribed | Subscription to the Times |
QIB Shares Offered | Not more than 50% of the Net Issue | Yet to be announced | Yet to be announced |
Retail Shares Offered | Not less than 35% of the Net Issue | Yet to be announced | Yet to be announced |
NII (HNI) Shares Offered | Not less than 15% of the Net Issue | Yet to be announced | Yet to be announced |
About Justo Realfintech Limited

Justo Realfintech Limited was established in 2019 and is a full-service real estate mandate company. 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.
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.
- 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
Justo Realfintech Limited Financials
The company’s financial analysis is essential before applying for the Justo Realfintech IPO. Refer to the table to learn about Justo Realfintech Limited’s financial information.
Year Ended | 31st March 2024 (in cr.) | 31st March 2023 (in cr.) | 31st March 2022 (in cr) |
Assets | 76.28 | 41.77 | 32.62 |
Revenue | 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 |
Reserve and Surplus | 38.57 | 26.93 | 20.23 |
Total Borrowing | 16.23 | 2.31 | 3.61 |
Explanation
Justo Realfintech Limited’s revenue increased by 37% from ₹59.45 crores in March 2024 to ₹81.64 crores in March 2025. Moreover, the company’s PAT rose by 127% from ₹6.69 crores to ₹15.21 crores.
Justo Realfintech IPO Bidding Requirements
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table represents the minimum and maximum investments by individual investors (retail) and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
Individual Investors (Retail) (Min) | 2 | 2,000 | ₹2,54,000 |
Individual Investors (Retail) (Max | 2 | 2,000 | ₹2,54,000 |
S-HNI (Min) | 3 | 3,000 | ₹3,81,000 |
S-HNI (Max) | 7 | 7,000 | ₹8,89,000 |
B-HNI (Max) | 8 | 8,000 | ₹10,16,000 |
Justo Realfintech’s IPO has reserved lot sizes for different investor categories. Look at the table below to see the requirements for applying for this IPO.
Use the lot size calculator to find how many shares you should apply for!
Justo Realfintech IPO Promoter Holding
Refer to the table below to review the holdings of Justo Realfintech Limited’s promoters:
Puspamitra Das.
Share Holding Pre-Issue | 51.87% |
Share Holding Post-Issue | – |
Note: The value will be calculated using Equity Dilution = Share Holding Pre-Issue – Share Holding Post-Issue.
Aim of the Justo Realfintech IPO
The primary aim of the Justo Realfintech IPO is to raise ₹63.00 crores. On the other hand, Justo Realfintech has decided to utilise these funds in different ways. Explore some of the secondary objectives for the Justo Realfintech IPO.
- To meet general corporate purposes.
- To utilise the working capital requirements of the company.
- To Fund Investment in IT infrastructure and development of technology.
- To repayment of a certain portion availed by the company.
Should I Invest in the Justo Realfintech IPO?
Explore the pros and cons of Justo Realfintech to know whether you should apply or avoid the issue. These pros and cons may help you understand the IPO’s efficiency in generating profits in the coming decades.
Pros of Justo Realfintech IPO
- Strong Growth Trajectory
- Innovative Tech Platforms
- Diversification
- Expanding Geographical Presence
- Established Market Position
Cons of Justo Realfintech IPO
- Client Concentration Risk
- Rising receivables
- Project-Based revenue volatility
- Intense Competition
How to Apply for the Justo Realfintech IPO?

Please follow the steps outlined below to apply for a position at Justo Realfintech Limited.
- Step 1: Conduct thorough research on the Justo Realfintech IPO, including GMP, subscription status, issue size, lot size, and other relevant details.
- Step 2: Open a demat account on Univest to learn about real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
- Step 3: Place a bid for two lots of 2,000 shares, valued at ₹2,54,000.
- Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.
Note: You can apply for the Justo Realfintech IPO from more than one demat account to increase your chances of allotment.
How to Check Justo Realfintech IPO Allotment Status?
You can check whether the Justo Realfintech IPO allotment has been completed in different ways. These include BSE and the registrar portal. Look at the steps mentioned below to check your allotment status online.
Check On BSE
- Visit the BSE Official Website.
- Navigate to the IPO Allotment Section.
- Select Equity as the issue type.
- Choose the Justo Realfintech IPO.
- Choose whether to proceed with the PAN number or the application number.
- Submit your details to get the allotment status online.
Check On the Registrar Portal
- Visit the registrar portal.
- Click on the allotment option.
- Fill in the required details.
- Click on the submit button to know your Justo Realfintech IPO allotment status.
Let’s Wrap
Justo Realfintech’s IPO is a fresh issue of shares worth ₹63.00 crores. The shares of Justo Realfintech Limited will be listed on BSE and SME on its tentative listing date of 1st October 2025. Researching the Justo Realfintech IPO GMP and reviews is highly suggested to book your ideal profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.
Open a demat account on Univest now to initiate your investment journey!
FAQs on Justo Realfintech IPO
How is the Justo Realfintech IPO?
Ans. Currently, on 20th September 2025, the Justo Realfintech IPO GMP (Grey Market Premium) stands at ₹25. It indicates that the estimated listing price could be ₹152 per share. It is a book-building IPO of ₹63.00 crores, comprising an entirely fresh issue of 0.50 crore shares. The face value of each share of Justo Realfintech Limited is ₹10 per share.
What is the IPO price of Justo Realfintech?
Ans. The Justo Realfintech IPO price is set at ₹120.00 to ₹127.00 per share. Retail investors can apply for a minimum of 2 lots, each consisting of 2,000 shares, worth ₹2,54,000. Moreover, HNIs are required to bid for a minimum of 3 lots (3,000 shares) worth ₹3,81,000.
Is the Justo Realfintech IPO a good investment?
Ans. Justo Realfintech Limited’s revenue increased by 37% from ₹59.45 crores in March 2024 to ₹81.64 crores in March 2025. Moreover, the company’s PAT rose by 127% from ₹6.69 crores to ₹15.21 crores.
Who is the registrar of the Justo Realfintech IPO?
Ans. Purva Sharegistry Private Limited is the registrar of the Justo Realfintech IPO, responsible for managing the allotment procedure and initiating refunds. For any queries regarding the Justo Realfintech allotment and refund, you can contact Purva Sharegistry Private Limited at busicomp@vsnl.com or +91-022-23018261/ 23016761.
What is the issue size of the Justo Realfintech IPO?
Ans. Justo Realfintech’s IPO is a book-building IPO of ₹63.00 crores, comprising an entirely fresh issue of 0.50 crore shares. Moreover, the IPO is set to open on 24th September 2025 and will be closed on 26th September 2025.
Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Justo Realfintech IPO, download the Justo Realfintech IPO RHP and the Justo Realfintech IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.
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