31 Mar 2023
Assets32.62
Total Income70.55
EBITDA22.00
Profit After Tax15.30
NET Worth20.31
Reserves and Surplus20.23
Total Borrowing3.61
At a glance
Updated 2026-08-24Justo Realfintech is a SME IPO with an issue size of ₹63.00 crore, proposed for listing on BSE SME. The offer opens on 24th Sep 2025 and closes on 26th Sep 2025. The issue structure includes a fresh issue of ₹59.82 crore.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹63.00 Cr
Fresh issue₹59.82 Cr
Face value₹10
Price band₹120.00–₹127.00
Allotment29th Sep 2025
Listing1st Oct 2025
Grey market
GMP page ↗Latest GMP₹4.00
GMP / upper price3.15%
Est. listing₹131.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens24th Sep 2025
Closes26th Sep 2025
Allotment29th Sep 2025
Refund30th Sep 2025
Demat30th Sep 2025
Listing1st Oct 2025
Subscription demand
Full bidding ↗Total4.57×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 2000 | ₹254,000 |
Company
Incorporated2019
Use of proceeds
| Object | Amount |
|---|---|
| Utilization towards working capital requirements of the Company | ₹36.50 Cr |
| Funding investment in IT infrastructure and development of technological platform | ₹6.30 Cr |
| Repayment of a portion of certain outstanding borrowings availed by the Company | ₹5.00 Cr |
| General Corporate Purposes | ₹8.34 Cr |
| Issue Expenses | ₹6.86 Cr |
| Total | ₹63.00 Cr |
Financials
Full financials ↗31 Mar 2024
Assets41.77
Total Income59.45
EBITDA9.47
Profit After Tax6.69
NET Worth26.92
Reserves and Surplus26.93
Total Borrowing2.31
31 Mar 2025
Assets76.28
Total Income81.64
EBITDA21.49
Profit After Tax15.21
NET Worth51.40
Reserves and Surplus38.57
Total Borrowing16.23
Trend chart₹ crore
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.84% |
| ROCE | 44.18% |
| Debt / Equity | 0.32% |
| RoNW | 38.84% |
| PAT Margin | 18.63% |
| EBITDA Margin | 26.33% |
| Price to Book Value | 3.42 |
Valuation & shareholding
Pre-IPO EPS10.99
Post-IPO EPS8.09
Pre-IPO P/E11.55
Post-IPO P/E15.69
Promoter holding pre51.87%
Promoter holding post38.18%
Market cap₹238.74 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Utilization towards working capital requirements of the Company | ₹36.50 Cr |
| Funding investment in IT infrastructure and development of technological platform | ₹6.30 Cr |
| Repayment of a portion of certain outstanding borrowings availed by the Company | ₹5.00 Cr |
| General Corporate Purposes | ₹8.34 Cr |
| Issue Expenses | ₹6.86 Cr |
| Total | ₹63.00 Cr |
Registrar & lead managers
Registrar
Purva Sharegistry (India) Pvt.Ltd.Lead managers
- Vivro Financial Services Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-24.