Justo Realfintech IPO Sees Strong Demand, Subscribed 4.57x by Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 21st January 2026 - 06:55 pm
Justo Realfintech Limited's initial public offering (IPO) has demonstrated strong investor interest through its third and final day of subscription, with Justo Realfintech's stock price set at ₹120-127 per share, reflecting positive market reception. The ₹63.00 crore IPO reached 4.57 times by 5:04:38 PM on day three.
Justo Realfintech IPO qualified institutional buyers (ex-anchor) segment leads with a strong 7.21 times subscription, whilst non-institutional buyers demonstrate strong participation at 6.81 times, and individual investors show moderate interest at 2.10 times, whilst anchor investors show complete participation at 1.00 times.
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| Date | QIB (Ex Anchor) | NII | Individual Investors | Total |
|---|---|---|---|---|
| Day 1 (September 24) | 1.59 | 1.30 | 0.22 | 0.84 |
| Day 2 (September 25) | 1.96 | 1.89 | 0.48 | 1.20 |
| Day 3 (September 26) | 7.21 | 6.81 | 2.10 | 4.57 |
Subscription Details (as of Day 3 - September 26, 2025, 5:04:38 PM)
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) | Total Applications |
|---|---|---|---|---|---|
| Anchor Investors | 1.00 | 14,10,000 | 14,10,000 | 17.91 | - |
| Market Maker | 1.00 | 2,51,000 | 2,51,000 | 3.19 | - |
| QIB (Ex Anchor) | 7.21 | 9,42,000 | 67,95,000 | 86.30 | 0 |
| Non-Institutional Buyers | 6.81 | 7,08,000 | 48,23,000 | 61.25 | 0 |
| bNII (bids above ₹10L) | 8.54 | 4,71,000 | 40,22,000 | 51.08 | - |
| sNII (bids below ₹10L) | 3.38 | 2,37,000 | 8,01,000 | 10.17 | - |
| Individual Investors | 2.10 | 16,50,000 | 34,66,000 | 44.02 | 2,390 |
| Total | 4.57 | 33,00,000 | 1,50,84,000 | 191.57 | 2,390 |
Key Highlights - Day 3
- Overall subscription reached a strong 4.57 times, showing substantial improvement from day two's 1.20 times.
- Qualified institutional buyers (ex-anchor) showing strong performance at 7.21 times, building substantially from day two's 1.96 times.
- Non-institutional investors displayed a strong interest at 6.81 times, building substantially from day two's 1.89 times.
- Individual investors showed moderate confidence at 2.10 times, building substantially from day two's 0.48 times.
- Total applications reached 2,390, indicating reasonable investor participation for this SME IPO.
- Cumulative bid amount reached ₹191.57 crores, significantly exceeding the issue size of ₹63.00 crores.
Justo Realfintech IPO - Day 2 Subscription at 1.20 Times
- Overall subscription reaching moderate 1.20 times, showing substantial improvement from day one's 0.84 times.
- Non-institutional investors showed moderate performance at 1.89 times, building substantially from day one's 1.30 times.
- Qualified institutional buyers (ex-anchor) showing moderate performance at 1.96 times, building marginally from day one's 1.59 times.
- Individual investors displayed limited confidence at 0.48 times, building substantially from day one's 0.22 times.
Justo Realfintech IPO - Day 1 Subscription at 0.84 Times
- Overall subscription reached a limited 0.84 times, showing cautious initial investor interest.
- Qualified institutional buyers are showing moderate performance at 1.59 times, indicating decent institutional appetite.
- Non-institutional investors are showing moderate performance at 1.30 times, indicating reasonable HNI appetite.
About Justo Realfintech Limited
Justo Realfintech Limited is a full-service real estate mandate company operating in Maharashtra, providing advisory, sales strategy, marketing, CRM and financing solutions, having facilitated real estate projects worth over ₹8,150 crores covering more than 11,250 units as of March 2025.
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