Incorporated in 2019, Justo Realfintech Limited is specializes in providing comprehensive real estate solutions, including sales, marketing, funding, and project planning services, primarily targeting mid-ticket residential developments.
Since incorporation, they have assisted real estate developers to sell projects worth over ₹ 8,15,000 lakhs, representing over 11,250 units till March 31, 2025. As on August 31, 2025, they have active mandates with 37 real estate projects in the city of Pune, Mumbai, and Nashik.
Initially operating in cities like Mumbai, Navi Mumbai, Pune, Bhubaneshwar, Kolhapur, Aurangabad, and Nashik, Justo Realfintech plans to expand its sales portfolio to 8.5 million sq ft over the next two years, targeting new markets such as Hyderabad, Bengaluru, and select cities in Andhra Pradesh, Karnataka, Tamil Nadu, and Dubai.
Business Model:
- Launch Projects
- Sustenance Projects
As of August 31, 2025, the company had a total of 331 employees across various departments.
Competitive 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
| Purpose | Amount (₹ Cr) |
|---|---|
| Utilization towards working capital requirements of the Company | ₹37 |
| Funding investment in IT infrastructure and development of technological platform | ₹6 |
| Repayment of a portion of certain outstanding borrowings availed by the Company | ₹5 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Assets | 76 | 42 | 33 |
| Revenue | 82 | 59 | 71 |
| PAT | 15 | 7 | 15 |
| EBITDA | 21 | 9 | 22 |
| Net Worth | 51 | 27 | 20 |
| Reserves | 39 | 27 | 20 |
| Total Borrowing | 16 | 2 | 4 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | — | 2,352,000 (47%) | — |
| NII / HNI | — | 708,000 (14% | — |
| Retail (RII) | — | 1,650,000 (33%) | — |
| Market Maker | — | 251,000 (5%) | — |
| Total | — | 4,961,000 (100%) | — |
* Amount calculated at upper price band (₹127) · ** Total includes all investor categories
- 1 Initiation of Refund 30 Sep 2025
- 2 Credit of Shares to Demat 30 Sep 2025
- Retail allocation is good at 33% of the total offering.
- Institutional (QIB) interest is strong at 47%.
- The IPO P/E of 16x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹11 compares to post-issue EPS of ₹8 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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