Justo Realfintech came to market through an SME IPO that opened on 24 September 2025 and closed on 26 September 2025, and the shares listed on 1 October 2025 on BSE SME. The price band was ₹120 to ₹127 per share and one lot was 1000 shares, so the minimum application was ₹1,27,000. The issue size was ₹63 crore. The whole issue was fresh shares, so the money raised went to the company.
Purva Sharegistry (India) Pvt.Ltd was the registrar to the issue, and Vivro Financial Services Pvt.Ltd was the lead manager.
As of 26 September 2025.
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Founded in 2019, Justo Realfintech Limited specializes in offering full-service real estate solutions, including sales, marketing, funding, and project planning services, aimed primarily at mid-ticket residential projects. Since their incorporation, they have helped real estate developers sell schemes valued over ₹8,15,000 lakhs, covering more than 11,250 units as of March 31, 2025. They have 37 active mandates with real estate projects in the cities of Pune, Mumbai, and Nashik as of August 31, 2025.
The company started functioning in metropolitan cities such as Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik. Justo Realfintech aims to grow its sales pipeline to 8.5 million sq ft in the next two years and expand to new markets including Hyderabad, Bengaluru, and select cities in Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai. Business Model: - Launch Projects - Sustenance Projects As of August 31, 2025, there were 331 employees working in the company across different departments.
As described in the offer document.
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Puspamitra Das. Promoter holding 51.87% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Justo Realfintech IPO was a ₹63 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹120–₹127 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,54,000). The IPO was open from September 24 to September 26, 2025 and was subscribed 4.65x. Shares listed on BSE SME on October 1, 2025 at ₹126.90, in line with the issue price of ₹127. Purva Sharegistry (India) Pvt. Ltd. is the registrar.
Vivro Financial Services Pvt. Ltd. is the book running lead manager.
The price band of Justo Realfintech IPO is ₹120 to ₹127 per share.
The lot size of Justo Realfintech IPO is 1000 shares.
The minimum investment for Justo Realfintech IPO is approximately ₹2,54,000 based on the upper price band.
The allotment date of Justo Realfintech IPO is Sep 29, 2025.
You can check Justo Realfintech IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Justo Realfintech IPO allotment status on Rupix for quick and easy access.
₹120 to ₹127 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,27,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,27,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 24 September 2025 and closed on 26 September 2025.
The basis of allotment was published on 29 September 2025 by Purva Sharegistry (India) Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 1 October 2025 on BSE SME.
The issue size was ₹63 crore. The fresh issue was 49,61,000 shares (aggregating up to ₹63 crore).