Justo Realfintack files papers with BSE SME to raise funds by IPO

Real Estate Solution provider, Justo Realfintack, has filed its initial papers with BSE SME to raise funds through the initial public offering running (IPO). The IPO is a new issue of equity shares up to 49.61 lakhs, with a face value of 10 rupees, and according to a draft Draft Red Harring Prospectus (DRHP) filed on Wednesday, it is proposed to list the company’s shares on the BSE SME platform.

IPO’s net income, Rs. Price of Rs 36.5 crore, Pay FIRM will be used towards long -term working capital requirements, and 6.30 crore will be used for investment funds in the development of Software Ftware and Technical Platform.

Company debt payment and balance for general corporate purposes Rs. It will also plan to use Rs 5 crore funds.

Included in 2019, Maharashtra -based Justo provides realfintack solutions, providing solutions to real estate developers, including the prices and size of projects and to enable the delivery of products to finish customers. The company operates in Pune, Mumbai Metropolitan Sea, Nashik, Aurang Rangabad and Kolhapur.

For the period ended February 28, 2025, the company’s revenue from the operation was Rs. 73.40 crore while the profit after tax was Rs. 13.23 crore.

Vivro Financial Services is the only lead manager running the only book, while the former Shergistrie (India) is a registrar for public issues.