214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9,804.70 Crs.  Total funds raised in 2025

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

214  Total SME IPOs listed in 2025

9804.70 Crs.  Total funds raised in 2,025.00

145  SME IPOs listed with Gain in 2025

69  SME IPOs listed with loss in 2025

Justo Realfintech Limited IPO Analysis

Justo Realfintech IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ 63.00 Cr. The company is based in Mumbai and caters to Real Estate sector. Vivro Financial Services is the merchant banker of Justo Realfintech IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 30th April 2025.

Justo Realfintech IPO posted revenues of ₹ 81.35 Cr. and PAT of ₹ 15.21 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 81.35 Cr.
            EBITDA: ₹ 21.76 Cr.
            PAT: ₹ 15.21 Cr.
  • EBITDA Margin: 26.75 %
            Pat Margin: 18.70 %
  • Net Worth: ₹ 52.40 Cr.
  • Market Capitalisation: ₹ 238.74 Cr.
  • P/E: 15.69 times
  • P/BV: 2.07 times
  • EV/EBITDA: 11.32 times
Nature of IPO : SME
Exchange : BSE SME
IPO Type : Book Building

Justo Realfintech IPO Financial Performance (Restated)

Financial results of Justo Realfintech IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24 FY23 FY22
Balance Sheet
Assets 76.27 41.77 32.62 14.29
Net Worth 52.40 26.92 20.31 5.05
Total Debt 16.22 2.31 3.61 2.95
Profit & Loss
Revenue
Revenue on annualised basis
81.35 59.38 70.44 30.18
EBITDA
EBITDA on annualised basis
21.76 9.46 21.99 5.30
PAT
PAT on annualised basis
15.21 6.69 15.39 3.70
Financials
FY25
FY24
FY23
FY22
Balance Sheet
Assets
76.27
41.77
32.62
14.29

Net Worth
52.40
26.92
20.31
5.05

Total Debt
16.22
2.31
3.61
2.95

Profit & Loss
Revenue
Revenue on annualised basis
81.35
81.35
59.38
70.44
30.18

EBITDA
EBITDA on annualised basis
21.76
21.76
9.46
21.99
5.30

PAT
PAT on annualised basis
15.21
15.21
6.69
15.39
3.70

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Justo Realfintech IPO Key performance Indicators (KPI)

Justo Realfintech IPO PAT Margin is 18.70 % , ROCE (Return on Capital Employed) is 44.18 % as per latest financial. The below table shows Justo Realfintech IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24 FY23 FY22
EBITDA Margin (%) 26.75 15.93 31.22 17.56
PAT Margin (%) 18.70 11.27 21.85 12.26
EPS (₹) 11.71 5.99 13.70 3.32
ROE (%) 29.03 24.85 75.78 73.27
ROCE (%) 44.18 38.62 171.77 182.85
ROA (%) 19.94 16.02 47.18 25.89
Debt to Equity 0.31 0.09 0.18 0.58
Particulars
FY25
FY24
FY23
FY22

EBITDA Margin (%)
26.75
15.93
31.22
17.56

PAT Margin (%)
18.70
11.27
21.85
12.26

EPS (₹)
11.71
5.99
13.70
3.32

ROE (%)
29.03
24.85
75.78
73.27

ROCE (%)
44.18
38.62
171.77
182.85

ROA (%)
19.94
16.02
47.18
25.89

Debt to Equity (x)  
0.31
0.09
0.18
0.58

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Justo Realfintech IPO Valuation Metrics

The market Capitalisation of Justo Realfintech IPO is ₹ 238.74 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
238.74

Enterprise Value (EV) (₹ Cr.):
246.28

EV/EBITDA (times) :
11.32

PE Multiple (times) :
15.69

P/B (times) :
2.07

NAV (₹) :
37.15

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Justo Realfintech prospectus?

The Justo Realfintech IPO prospectus highlights an Return on Equity (ROE) of 29.03 % , Return on Assets (ROA) of 19.94 %, and an EBITDA Margin of 26.75 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Justo Realfintech IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Justo Realfintech IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Justo Realfintech IPO ?

The post-IPO market capitalisation of Justo Realfintech IPO is ₹ 238.74 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Justo Realfintech IPO?

The Justo Realfintech IPO has a Price-to-Earnings (PE) ratio of 15.69 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Justo Realfintech IPO?

Justo Realfintech IPO reported revenue of ₹ 81.35 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Justo Realfintech IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Justo Realfintech IPO?

Justo Realfintech recorded an EBITDA of ₹ 21.76 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Justo Realfintech IPO?

Justo Realfintech Profit After Tax (PAT) is ₹ 15.21 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 81.35 Cr.
            EBITDA: ₹ 21.76 Cr.
            PAT: ₹ 15.21 Cr.
  • EBITDA Margin: 26.75 %
            Pat Margin: 18.70 %
  • Net Worth: ₹ 52.40 Cr.
  • Market Capitalisation: 238.74
  • P/E: 15.69 times
  • P/BV: 2.07 times
  • EV/EBITDA: 11.32

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Justo Realfintech operates in Real Estate and Providing Comprehensive Real Estate Solutions. The Issue is listed on BSE SME in Oct, 2025. Justo Realfintech IPO size was 63.00 with Issue price of 127.00 .

Justo Realfintech IPO subscription was 4.57 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Justo Realfintech IPO listed at a listing price of 126.90 against the offer price of 127.00.

The current market price of Justo Realfintech is 123.45.

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