Justo Realfintech Ipo
Justo Realfintech IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Vivro Financial Services Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,54,000 |
| Retail Maximum | 2 | 2,000 | ₹2,54,000 |
| S-HNI Minimum | 3 | 3,000 | ₹3,81,000 |
| S-HNI Maximum | 7 | 7,000 | ₹8,89,000 |
| B-HNI Minimum | 8 | 8,000 | ₹10,16,000 |
| Investor Category | Share Offered | % Shares |
| Market Maker Shares Offered | 2,51,000 Shares | 5.06% |
| Anchor Investor | 14,10,000 Shares | 28.42% |
| QIB (Ex. Anchor) | 9,42,000 Shares | 18.99% |
| NII Shares Offered | 7,08,000 Shares | 14.27% |
| Retail Shares Offered | 16,50,000 Shares | 33.26% |
| Anchor Bidding Date | September 23, 2025 |
| Anchor Investors List | |
| Shares Offered | 14,10,000 Shares |
| Anchor Size | 17.91 Cr. |
| lock-in period end date 50% shares (30 Days) | October 29, 2025 |
| lock-in period end date 50% shares (90 Days) | December 28, 2025 |
| IPO Open Date: | September 24, 2025 |
| IPO Close Date: | September 26, 2025 |
| Basis of Allotment: | September 29, 2025 |
| Refunds: | September 30, 2025 |
| Credit to Demat Account: | September 30, 2025 |
| IPO Listing Date: | October 1, 2025 |
| IPO Bidding Cut-off Time: | September 26, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,38,37,142 | 51.87% |
| Promoter Holding Post Issue | 1,87,98,142 | 38.18% |
| Purpose | Crores |
| Utilization towards working capital requirements of the Company | 36.50 |
| Funding investment in IT infrastructure and development of technological platform | 6.30 |
| Repayment of a portion of certain outstanding borrowings availed by the Company | 5.00 |
| General Corporate Purpose | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹70.55 | ₹48.98 | ₹15.30 | ₹32.62 |
| 2024 | ₹59.45 | ₹50.40 | ₹6.69 | ₹41.77 |
| 2025 | ₹81.64 | ₹61.18 | ₹15.21 | ₹76.28 |
| KPI | Values |
| ROE: | 38.84% |
| ROCE: | 44.18% |
| EBITDA Margin: | 26.33% |
| PAT Margin: | 18.63% |
| Debt to equity ratio: | 0.32 |
| Earning Per Share (EPS): | ₹11.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 38.84% |
| Net Asset Value (NAV): | ₹37.15 |
| IPO Open Date | September 24, 2025 |
| IPO Close Date | September 26, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹120 to ₹127 Per Share |
| Issue Size | Approx ₹63 Crores |
| Fresh Issue | Approx ₹63 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |