Justo Realfintech IPO to list today: What to expect
Justo Realfintech, a Maharashtra-based real estate services firm, is listing its ₹63 crore IPO today, October 1.
The IPO was in high demand—oversubscribed 4.6 times overall—with institutional investors leading the pack at over 7x.
Non-institutional and retail investors also showed strong interest, subscribing nearly 6.8 times and 2.1 times respectively.
The company offers real estate services
The company helps real estate developers with everything from sales strategy and marketing to financing and customer relationship management across cities like Pune, Mumbai Metropolitan Region, Nashik, Aurangabad, and Kolhapur.
GMP at around 4%; financials in FY25
Shares were priced at ₹127 each, with anchor investors putting in ₹17.91 crore ahead of the public issue.
The gray market premium is around 4%, hinting at modest listing gains for those who got in early.
Financially, Justo saw revenue jump 37% to ₹81.6 crore in FY25 and profits more than doubled to ₹15.2 crore compared to last year.