Justo Realfintech Limited Receives First Monitoring Agency Report for Q3 FY26
Justo Realfintech Limited received its first monitoring agency report for Q3 FY26 from Brickwork Ratings, covering the utilization of ₹63.00 crore IPO proceeds raised in September 2025. The company utilized ₹32.83 crore during the quarter across working capital (₹18.69 crore), debt repayment (₹5.00 crore), issue expenses (₹6.64 crore), general corporate purposes (₹1.52 crore), and IT infrastructure (₹0.98 crore). The monitoring agency reported no deviations from stated objects, with ₹30.17 crore remaining unutilized and deployed in fixed deposits earning 5.95% returns.

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Justo Realfintech Limited has received its first monitoring agency report from Brickwork Ratings India Private Limited for the quarter ended December 31, 2025, pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report monitors the utilization of proceeds from the company's initial public offering completed in September 2025.
IPO Details and Fund Raising
The company raised ₹63.00 crore through a fresh issue of 49,61,000 equity shares at ₹127 per share. The issue period was September 23, 2025 for anchor investors and September 24-26, 2025 for other investors.
| Particulars | Details |
|---|---|
| Issue Size | ₹63.00 crore |
| Number of Shares | 49,61,000 |
| Issue Price | ₹127 per share |
| Issue Type | Fresh Issue of Equity Shares |
| Industry Sector | Real Estate |
Fund Utilization Progress
During the quarter ended December 31, 2025, the company utilized ₹32.83 crore across five stated objects. The monitoring agency confirmed no deviations from the objects disclosed in the offer document.
| Object | Allocated Amount (₹ Crore) | Utilized in Q3 (₹ Crore) | Unutilized Balance (₹ Crore) |
|---|---|---|---|
| Working Capital Requirements | 36.50 | 18.69 | 17.81 |
| IT Infrastructure Development | 6.30 | 0.98 | 5.32 |
| Debt Repayment | 5.00 | 5.00 | 0.00 |
| General Corporate Purposes | 8.34 | 1.52 | 6.82 |
| Issue Expenses | 6.86 | 6.64 | 0.22 |
The debt repayment object has been fully completed during the quarter, while other objects remain ongoing as per the planned timeline.
Deployment of Unutilized Proceeds
The company has deployed ₹30.22 crore of unutilized funds in fixed deposits and monitoring accounts with Kotak Mahindra Bank. The deployment includes three fixed deposits of approximately ₹10 crore each, maturing on April 6, 2026, earning 5.95% return on investment.
| Investment Type | Amount (₹ Crore) | Maturity Date | Return (%) |
|---|---|---|---|
| Fixed Deposit - 2749922179 | 9.90 | April 6, 2026 | 5.95 |
| Fixed Deposit - 2749922261 | 10.10 | April 6, 2026 | 5.95 |
| Fixed Deposit - 2749922308 | 10.10 | April 6, 2026 | 5.95 |
| Monitoring Account | 0.12 | - | - |
Compliance and Implementation Timeline
The monitoring agency reported no delays in implementation of objects, with most activities progressing as per the planned timeline. Working capital requirements, general corporate purposes, and IT infrastructure development are ongoing and expected to continue through financial years 2025-26 and 2026-27 as disclosed in the offer document.
The report was prepared by Mr. Niraj Kumar Rathi, Senior Director at Brickwork Ratings, and certified by M/s. SMMP & Company, chartered accountants. The company has made the report available on its website at https://www.justo.co.in/ as required under regulatory provisions.
Source: BSE filing by Justo Realfintech Limited dated February 13, 2026

































