Justo Realfintech Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Justo Realfintech Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹127
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,27,000
Issue Size
₹63 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Justo Realfintech Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
51.87%
Promoter Holding (Post-Issue)
38.18%
Issue Type
Book Building - SME
ISIN
INE0W5Q01017
About the Company
We are a full services real estate mandate company based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region ("MMR"), and Nashik with additional presence in Aurangabad and Kolhapur. We provide solutions including decisions on pricing and sizing the projects and enabling the delivery of the products to the end customers. We have established a considerable presence in Pune and are rapidly expanding our footprint in Mumbai. We distinguish ourselves through our tech-enabled platforms that streamlines project onboarding, customer engagement and sales processes. Leveraging data-driven insights and digital tools, our Company ensures enhanced visibility and conversion for its real estate developer partners.
Industry Overview
The real estate mandate industry is relatively nascent in India. Xanadu, Anarock, Guardians and JUSTO are the key organized mandate players in the industry. Xanadu was the first to begin operations in 2015, followed by Guardians in 2016, Anarock in 2017 and JUSTO in 2019. The mandate industry is wellestablished in Mumbai, Pune and Bengaluru. Apart from the organized players, numerous small players have mushroomed in every nook and corner of these cities - most of whom are ex-brokers and exemployees of the above mandate firms. Small players keep on coming and going, but the big 4 have been consolidating their position. They together constitute roughly 80% of the real estate mandate industry in the 3 metros.
Company History
Our Company was incorporated as "Justo Realfintech Private Limited" as a private limited company in Mumbai, Maharashtra under the provisions of the Companies Act, 2013, pursuant to a Certificate of Incorporation dated March 29, 2019, issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders at the Extra Ordinary General Meeting held on October 15, 2024, and the name of our Company was changed to "Justo Realfintech Limited". A fresh Certificate of Incorporation consequent upon conversion from a Private Limited company to Public Limited company dated January 1, 2025, was issued by the Registrar of Companies, Central Processing Centre. The Corporate Identification Number of our Company is U67190MH2019PLC323318.
Products & Services
- The Company is a full services real estate mandate company based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region ("MMR"), and Nashik with additional presence in Aurangabad and Kolhapur.
Growth Strategy
- Geographic expansion into select tier I and tier II cities.
- Expanding our financial advisory services, including construction and home purchase financing.
- Strategic Partnerships and Collaboration for Growth and Market Expansion.
- Leveraging Existing Technology and Enhancing Capabilities.
- Efficient Working Capital management and reducing dependency on borrowed funds.
- Strengthening relation with existing and new real estate developers.
Customer Base
Wholesaler and Retailer
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public issue of upto 49,61,000 equity shares of face value of Rs. 10/- /- each of Justo Realfintech Limited (Formerly Known as Justo Realfintech Private Limited), ("Justo" or the "Company" or the "Issuer") for cash at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share (the "Issue Price") aggregating to Rs. 63 crores ("the Issue"), of which 2,51,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share aggregating to Rs. 3.19 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 47,10,000 equity shares of face value of Rs. 10/- each at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share aggregating to Rs. 59.82 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.39 % and 25.06 %, respectively, of the post issue paid up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Strong presence in fast growing real estate market of Pune and MMR.
- Live mandates with significant saleable inventory.
- Custom-built integrated technology platform driving operational excellence.
- Marketing and sales expertise supported by operational efficiency.
- Experienced and qualified leadership team with strong execution capabilities.
- Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition
- We derive a significant portion of our revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect our business, results of operations, financial conditions and cash flows.
- The number of ongoing projects we have executed in the past, our live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of our mandates expose us to execution risk and variability in revenue, materiality and adverse impact our revenue from operations, cash flows, financial condition and cash flows.