Sharescart Research Club logo
Apollo Green 56 (-6.7%)Axles India 505 (-3.8%)Bira 78 (-27.8%)CIAL 438 (0%)CSK 264 (0%)ESDS Software 458 (2.9%)Garuda Aerospace 478 (-1.4%)Hero Fincorp 1045 (-0.5%)HPX India 28 (-3.4%)Incred Holdings 150 (-1.3%)India Carbon 895 (0%)Indian Potash 2850 (0%)Inox Clean 725 (-3.3%)Insolare Energy 185 (0%)Lava 52 (8.3%)Motilal Oswal 12.5 (4.6%)MSEI 6.25 (-3.8%)NCDEX 384 (-5.2%)NeRL 56 (-3.4%)NSE 2050 (6.5%)Orbis Financial 425 (4.9%)OYO 24 (0%)OYO Assets 9.95 (-17.1%)Pharmeasy 6.25 (8.7%)Polymatech Electronics 60 (-3.2%)RRP S4E 168 (0%)SBI Mutual 775 (0%)Taparia Tools 6050 (0%)Ticker Ltd 32 (0%)Zepto 48 (-4%)

15 Days Price Change

Justo Realfintech IPO

Closing In

  • days
  • Hours
  • Minutes
  • Seconds
Profile
Issue Size 63 Cr
Profile
Price Range 120  to  127 per share
Profile
Min Investment ₹127
Profile
Lot Size 1
Profile
Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

Buy unlisted shares early and participate in the growth before public listing.

Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

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 of the projects to real estate developers and enabling the delivery of the products to the end customers. The firm has established a considerable presence in Pune and is rapidly expanding its 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. With a wide-reaching channel partner (“CP”) network and deep understanding of local market dynamics in which we operate, we offer end-to-end solutions across sales strategy, marketing, and execution. Read More

Basic Info

Face Value 10 per share

Price 120  to  127 per share

P/E (x) 10.9

Sales( Cr.) 81

PAT( Cr.) 15

EPS 11.7

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Puspamitra Das

Pre Issue Share Holding 51.87%

Post Issue Share Holding 38.18%

Listing Details:

Listing Price: 126.9

Listing Gain: -0.08%

Current Price: 101

Gain On Issue: 101 | 0%

GMP: --

GMP %: -- %

IPO Tentative Timetable

Opening Date Sep 24, 2025
Closing Date Sep 26, 2025
Allotment Sep 29, 2025
Refund Sep 30, 2025
Delivery of Shares Sep 30, 2025
Listing Date Oct 01, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 254,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 254,000
S-HNI (Max) 3 6000 762,000
B-HNI (Min) 4 8000 1,016,000

Objective of the Issue

1. To meet the long-term working capital requirements 2. Funding investment in development of software and technological platform 3. Repayment, in full or in part, of certain borrowings availed by our Company 4. General Corporate Purposes.

Issue

Category Nos Bid Bid (x)
QIB 942000 6795000 7.2x
NII 959000 5074000 5.3x
Retail 1650000 3466000 2.1x
EMP 0 0 0x
Total 3551000 15335000 4.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Justo Realfintech Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 30 70 59 81
Other Income 0 0 0 0
Total Income 30 71 59 82
Total Expenditure 25 48 49 60
Operating Profit 5 23 11 22
Interest 0 1 1 1
Depreciation 0 0 0 0
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 5 22 9 20
Provision for Tax 1 6 2 5
Profit After Tax 4 15 7 15
Adjustments 0 0 0 0
Profit After Adjustments 4 15 7 15
Adjusted Earnings Per Share 3.3 13.7 6 11

Justo Realfintech Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 5 20 27 52
Minority's Interest 0 0 0 0
Borrowings 2 2 2 4
Other Non-Current Liabilities 0 0 0 0
Total Current Liabilities 7 10 13 19
Total Liabilities 14 33 42 76
Fixed Assets 1 1 1 1
Other Non-Current Assets 0 1 5 11
Total Current Assets 13 31 36 64
Total Assets 14 33 42 76

Justo Realfintech Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 1 1 0
Cash Flow from Operating Activities 0 1 5 -9
Cash Flow from Investing Activities -1 -2 -4 -9
Cash Flow from Financing Activities 1 0 -1 25
Net Cash Inflow / Outflow 1 -1 -0 7
Closing Cash & Cash Equivalent 1 1 0 7

Justo Realfintech Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.31 13.69 5.99 10.99
CEPS(Rs) 3.43 13.99 6.36 11.27
DPS(Rs) 0.06 0 0 0
Book NAV/Share(Rs) 4.53 18.23 24.22 37.88
Core EBITDA Margin(%) 18.01 31.91 17.82 26.63
EBIT Margin(%) 17.62 31.6 17.23 26.51
Pre Tax Margin(%) 16.37 30.63 15.23 25.15
PAT Margin (%) 12.27 21.72 11.27 18.7
Cash Profit Margin (%) 12.68 22.19 11.97 19.17
ROA(%) 25.94 65.31 18.04 25.84
ROE(%) 73.11 120.33 28.24 38.28
ROCE(%) 66.38 139.19 38.37 44.02
Receivable days 121.2 100.43 185.42 181.76
Inventory Days 0 0 0 0
Payable days 0 0 0 0
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.06 0.04 0.04 0.26
EV/Core EBITDA(x) 0.33 0.14 0.2 0.97
Net Sales Growth(%) 0 133.38 -15.7 37
EBIT Growth(%) 0 318.63 -54.03 110.8
PAT Growth(%) 0 313.14 -56.24 127.22
EPS Growth(%) 0 313.14 -56.24 83.45
Debt/Equity(x) 0.58 0.18 0.09 0.31
Current Ratio(x) 1.86 3.1 2.85 3.3
Quick Ratio(x) 1.86 3.1 2.85 3.3
Interest Cover(x) 14.16 32.5 8.6 19.39
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 37% 39% 0% 0%
Operating Profit CAGR 100% 64% 0% 0%
PAT CAGR 114% 55% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 38% 62% 65% 65%
ROCE Average 44% 74% 72% 72%

Company Contact Information

Justo Realfintech Ltd.

Jyoti Bala Soni

+91-22 3513 4314

cs@justo.co.in

2nd Floor, A Wing, Indiana Business Centre Makwana Road, Gamdevi Marol, Andheri (East)

IPO Lead Manager(s)

Justo Realfintech Ltd.

Vivro Financial Services Pvt Ltd

Registrar Info

Justo Realfintech Ltd.

Purva Shareregistry (India) Pvt Ltd

Gala No 9, Shiv Shakti, Industrial Estate Sitaram Mill Compound, J R Boricha Marg

+91 22 4134 3255/ +91 22 4134 3256

support@purvashare.com

https://www.purvashare.com

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

Wealth Icon
Don’t Miss Out on Unlisted Shares

Open your account today and gain instant access to top unlisted shares and pre-IPO opportunities.

whatsapp