
Financial Services · BSE
Justo Realfintech, incorporated in 2019, is a real estate solutions provider that focuses on sales, marketing, funding, and project planning for mid-ticket residential developments. The company has supported developers in selling projects worth ₹8,15,000 lakhs (₹81,500 crore), covering more than 11,250 units up to March 31, 2025. As of August 2025, it is managing 37 active real estate projects across Pune, Mumbai, and Nashik, with its earlier operations spread across Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik. In the coming two years, the company aims to achieve a sales portfolio of 8.5 million square feet and expand into Hyderabad, Bengaluru, Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai. Its business model is built around launch projects that handle end-to-end sales and marketing, sustenance projects that maintain sales momentum, a wide channel partner network of brokers, and a custom-built technology platform for smooth operations. The IPO proceeds are planned to be used for working capital requirements of ₹36.50 crore, investment of ₹6.30 crore in IT infrastructure and platform development, repayment of borrowings worth ₹5.00 crore, and for general corporate purposes.
Price Band
₹120 – ₹127
Issue Size
₹63.00 Cr
Lot Size
1000 shares
GMP
+5.1%
Est. Listing
₹133.5
at current GMP
Subscribed
4.65x
overall
Open
24 Sep 2025
Close
26 Sep 2025
Allotment
29 Sep 2025
Refund
30 Sep 2025
Demat Credit
1 Oct 2025
Listing
1 Oct 2025
Overall Subscription
4.65x
Total Demand
QIB Multiplier
7.21x
Institutions & Funds
NII / HNI
7.17x
High Net-Worth
Retail (RII)
2.10x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 942,000 | 6,795,000 | 7.21x |
| NIB | 708,000 | 5,074,000 | 7.17x |
| HNIs(10L +) | 471,000 | 4,273,000 | 9.07x |
| HNIs (2-10L) | 237,000 | 801,000 | 3.38x |
| RETAIL | 1,650,000 | 3,466,000 | 2.10x |
| Total | 4,008,000 | 20,409,000 | 4.65x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 16 | 0.00x |
| NIB | — | 633 | 0.00x |
| RETAIL | 825 | 1,733 | 2.10x |
| HNIs(10L +) | 157 | 384 | 2.45x |
| HNIs (2-10L) | 79 | 249 | 3.15x |
| Total Applications | 1,061 | 3,015 | 2.84x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Justo Realfintech Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹63 Crores. The shares are offered at a price band of ₹120 to ₹127 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 1000 shares (approx. ₹1,27,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Purva Sharegistry (India) Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-10-01, while un-allotted funds or UPI block mandates will be released on 2025-09-30.
The latest Grey Market Premium (GMP) for Justo Realfintech Limited IPO is ₹6.5 per equity share. Based on the upper price band of ₹120 to ₹127 per equity share, the estimated listing price is ₹133.5 (+5.1% expected listing gain).
With a lot size of 1000 shares and current GMP of ₹6.5, the expected profit per application lot is approx ₹6,500 (+5.1% gain). Minimum application cost is approx ₹1,27,000.
The Justo Realfintech Limited IPO aggregate issue size is ₹63 Crores with an equity price band set at ₹120 to ₹127 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,27,000.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 4.65x (Retail: 2.10x, QIB: 7.21x, NII: 7.17x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Purva Sharegistry (India) Private Limited) and the BSE status verification website on or around 2025-09-29. Investors can verify status using PAN card or application number.
Justo Realfintech Limited shares are scheduled to list on BSE on 2025-10-01.