Justo Realfintech IPO Sees Strong Demand, Subscribed 4.57x by Day 3

No image 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.

IPO Subscription Status

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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Krishca Strapping Solutions Limited

sme
  • Date Range 23 Oct- 27 Oct’23
  • Price 23
  • IPO Size 200