BSE SME IPO of Justo Realfintech subscribed 78%

The initial public offer (IPO) of Justo Realfintech received bids for 27,87,000 shares as against 35,51,000 shares on offer, as per BSE data as of 17:00 hours on Wednesday (24 September 2025). The issue was subscribed 0.78 times. The issue opened for bidding on Wednesday (24 September 2025) and it will close on Friday (26 September 2025). The price band of the IPO is fixed between Rs 120 to 127 per share. The minimum order quantity is 1,000 equity shares. The equity shares will list on BSE’s SME platform. The IPO comprises fresh issue of 49,61,000 equity shares. About 2,51,000 equity shares will be reserved for subscription by market maker to the issue. The net issue comprises of 47,10,000 equity shares. 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. The company intends to utilize the net proceeds for 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 and general corporate purposes. Ahead of the IPO, Justo Realfintech on Tuesday, 23 September 2025, raised Rs 17.90 crore from anchor investors. The board allotted 14.10 lakh shares at Rs 127 each to 11 anchor investors. Justo Realfintech is a full-service real estate mandate company based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region (MMR), and Nashik, along with a presence in Aurangabad and Kolhapur. The company offers comprehensive solutions, including project pricing, sizing strategies, and facilitating product delivery to end customers. It has established a considerable presence in Pune and is rapidly expanding its footprint in Mumbai. The company distinguishes itself through its tech-enabled platform, which streamlines project onboarding, customer engagement, and sales processes. By leveraging data-driven insights and digital tools, the company enhances visibility and conversion rates for its real estate developer partners. As of 31 August 2025, the company had a total of 331 employees across various departments. The company recorded revenue from operations of Rs 81.35 crore and net profit of Rs 15.21 crore for the year ended 31 March 2025.