Justo Realfintech Launches Rs 63 Crore IPO, Grey Market Indicates Potential Gains
Justo Realfintech, a Maharashtra-based real estate services company, has launched its IPO to raise Rs 63 crore. The price band is set at Rs 120-127 per share, with subscription closing on September 26 and expected listing on October 1 on the BSE SME platform. The company operates in key Maharashtra markets, offering real estate advisory, sales strategy, marketing, and financing solutions. Justo Realfintech has facilitated sales worth over Rs 8.15 lakh, covering 11,250+ housing units, and currently holds mandates for 37 projects. The company's financials show strong growth, with revenue increasing to Rs 82.00 crore and profit after tax rising to Rs 15.20 crore in FY25. The IPO proceeds will be used for working capital, IT infrastructure investment, and partial debt repayment.
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Justo Realfintech, a Maharashtra-based real estate services company, has launched its Initial Public Offering (IPO) to raise Rs 63 crore. The company has set the share price band at Rs 120-127 per share for the public issue.
IPO Details
- Issue Size: Rs 63 crore
- Price Band: Rs 120-127 per share
- Subscription Closing Date: September 26
- Expected Listing Date: October 1 (BSE SME platform)
Company Overview
Justo Realfintech operates across several key markets in Maharashtra, including:
- Pune
- Mumbai Metropolitan Region
- Nashik
- Aurangabad
- Kolhapur
The company offers a range of services in the real estate sector, including:
- Advisory
- Sales strategy
- Marketing
- Financing solutions
Track Record and Current Operations
- Facilitated sales worth over Rs 8.15 lakh
- Covered 11,250+ housing units
- Currently holds mandates for 37 projects
Financial Performance
| Fiscal Year | Revenue (Rs Crore) | Profit After Tax (Rs Crore) | EBITDA Margin |
|---|---|---|---|
| FY25 | 82.00 | 15.20 | 26.30% |
| FY24 | 60.00 | 6.70 | N/A |
The company has shown strong financial growth:
- Revenue increased by 36.67% to Rs 82.00 crore in FY25
- Profit after tax rose from Rs 6.70 crore in FY24 to Rs 15.20 crore in FY25
- EBITDA margin expanded to 26.30% in FY25
Grey Market Premium
The grey market premium for Justo Realfintech's shares stands at Rs 11, indicating investor interest in the IPO.
Use of IPO Proceeds
The company plans to utilize the funds raised from the IPO for:
- Working capital needs: Rs 36.50 crore
- IT infrastructure investment: Rs 6.30 crore
- Partial debt repayment: Rs 5.00 crore
Investors interested in the real estate services sector may consider this IPO, keeping in mind the company's growth trajectory and expansion plans. As always, it is advisable to review the offer document and consult with financial advisors before making investment decisions.
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