Home
Charts
Search
Watchlist
Products
All IPOs
₹127 - 127
Justo Realfintech Ltd
RealtyIPOSME
₹127 - 127
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.
Lot1,000Min Invest₹2,54,000Face Value₹10Issue Size₹63 CrFresh Issue₹63 CrListing Price₹127CMP₹79
Timeline
24 Sept
Bidding opens
26 Sept
Bidding closes
29 Sept
Allotment
30 Sept
Refund & demat credit
1 Oct
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹63 Cr0.50 Cr shares
Fresh Issue₹63 Cr
Face Value₹10
Lot Size1,000 shares
ReservationQIB 50% · NII 15% · RETAIL 35%
Application Sizes
Retail₹2,54,0001-1 lots
sNII₹2,54,000from 2 lots
bNII₹10,16,000from 8 lots
Managers & Registrar
Lead ManagerVivro Financial Services Pvt Ltd
RegistrarPurva Sharegistry (I) Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group51.87%38.18%Public48.13%61.82%
Objects of the Issue
- Utilization towards working capital requirements of the Company
- Funding investment in IT Infrastructure and Development of Technological Platform
- Repayment of a portion of certain outstanding borrowings availed by the Company
- General Corporate Purposes
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| RevenueCr | 30 | 70 | 59 | 81 | 92 |
| Operating ProfitCr | 5 | 22 | 9 | 21 | 28 |
| OPM% | 17.6 | 31.2 | 15.9 | 26.0 | 30.1 |
| PBTCr | 5 | 22 | 9 | 20 | 26 |
| PATCr | 4 | 15 | 7 | 15 | 19 |
| EPS | 3 | 14 | 6 | 12 | 12 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 14 | 19 |
| ReservesCr | 5 | 20 | 27 | 39 | 108 |
| BorrowingsCr | 3 | 4 | 2 | 16 | 15 |
| Total AssetsCr | 14 | 33 | 42 | 76 | 162 |
Cash Flow
| Financial Year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Operating Cash FlowCr | 0 | 1 | 5 | -9 | -9 |
| Investing Cash FlowCr | -1 | -2 | -4 | -9 | -26 |
| Financing Cash FlowCr | 1 | 0 | -1 | 25 | 52 |
| Net Cash FlowCr | 1 | -1 | 0 | 7 | 16 |
Strengths & Risks
Strengths · as stated in the DRHP
- 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.
Strategies · as stated in the DRHP
- 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.
Risks · as stated in the DRHP
- 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.
- Our historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, our sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect our revenues, profitability, and cash flow.