Justo Realfintech Ltd Logo

Justo Realfintech Ltd IPO

NSELot: 1000

LISTEDSME
Issue Price127
Listing126.9
Current87
Price Band
120 - ₹127
Lot Size
1,000
Issue Size
₹63 Cr
GMP
0
Subscription
0.84x

IPO Schedule

1
Open
24 Sept
2
Close
26 Sept
3
Allotment
29 Sept
4
Listing
1 Oct

About Justo Realfintech Ltd

Justo Realfintech Ltd is an SME focused on providing financial technology solutions, likely in the real estate sector. They offer a range of services aimed at streamlining financial processes within the real estate industry.

Subscription Status

QIB
1.59x
NII
1.30x
Retail
0.22x
CategoryDay 3Day 2Day 1
QIB7.21x1.96x1.59x
NII6.81x1.89x1.30x
Retail2.10x0.48x0.22x
Total4.57x1.20x0.84x

Risk Factors

SME IPOs generally carry higher risk due to limited operating history and smaller scale.
Dependence on the real estate sector makes the company vulnerable to fluctuations in the real estate market.
Limited liquidity of SME stocks can lead to price volatility and difficulty in exiting positions.

Promoters & Management

The key management team of Justo Realfintech Limited includes: Puspamitra Das, Chairman and Managing Director: He is an associate member of the Institute of Chartered Accountants of India and has over 30 years of experience in finance, audit, and taxation. He oversees business strategy, development activities, and day-to-day operations. Dinesh Jivabhai Dolar, Chief Financial Officer: He is a qualified Chartered Accountant and has 12 years of experience in finance, audit, and taxation. He is responsible for overseeing the Company's finance function and contributing to the Company's strategic operations. Jyoti Bala Soni, Company Secretary and Compliance Officer: She is a qualified Company Secretary and is responsible for overseeing the Company's secretarial and legal functions, ensuring compliance with corporate laws and regulatory requirements. Praveen Padmakar Apte, Director - Sales Commercial: He is responsible for the overall commercial functions of our Company and also oversees strategic planning, team building, and negotiation strategies. Satya Sobhan Mahapatra, Chief Marketing Officer: He is responsible for leading strategic marketing initiatives and overseeing all marketing activities, branding, planning, and launches to drive Company's growth.