Justo Realfintech Ltd IPO
Status: Closed
Overview
IPO date
24 Sept 2025 to 26 Sept 2025
Face value
₹ 0 per share
Price
₹ 120 to ₹127 per share
Issue Size
4,961,000 shares
(aggregating up to ₹ 63 Cr)
(aggregating up to ₹ 63 Cr)
Allotment Date
29 Sept 2025
Listing at
NSE
Issue type
Book Building - SME
Sector
Realty
Objectives of Justo Realfintech Ltd IPO
Justo Realfintech Ltd IPO Strategy
About Justo Realfintech Ltd
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T&C*
Strengths vs Risks of Justo Realfintech Ltd
Know the pros & cons
Strengths
Strong presence in fast growing real estate market of Pune and MMR.- Live mandates with significant saleable inventory.
- Custom-built integrated technology platform driving operational excellence.
- Marketing and sales expertise supported by operational efficiency.
- Experienced and qualified leadership team with strong execution capabilities.
Risks
- Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition
- We derive a significant portion of our revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect our business, results of operations, financial conditions and cash flows.
- The number of ongoing projects we have executed in the past, our live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of our mandates expose us to execution risk and variability in revenue, materiality and adverse impact our revenue from operations, cash flows, financial condition and cash flows.
- Our historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, our sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect our revenues, profitability, and cash flow.
- There have been some instances of non-compliances and/or delay in compliance, with legal or regulatory requirements, including with respect to form filings and intimations under the Companies Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory filing made with the RoC under applicable law.
- We face significant competition within the real estate mandate industry from Indian companies and local brokers. This competitive landscape may adversely affect our service pricing, profitability, and our capacity to secure new mandates, as well as increase in the costs associated with growing our customer base.
- We rely on Channel Partners to provide our services to customers. If our key Channel Partners discontinue working with us for any reason, it can adversely impact our ability to sell properties within the stipulated time.
- While we have a presence across Maharashtra, our projects are primarily concentrated in Pune and Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws, regulations, or the political and economic environment in these regions could adversely impact our business, financial condition, and results of operations.
- We have, in the past, entered into related party transactions and we may continue to do so in the future.
- Our technology transformation relies heavily on third-party vendors like IndexNine. Any issues in technology transformation process may leads to financial instability or operational disruptions, could significantly impact our infrastructure, efficiency, productivity, and revenue growth, thereby affecting our overall business performance.
- We are dependent on our Promoter, Directors, Key managerial Personnel and members of Senior Management, including other employees with sales and marketing expertise. Any loss or our inability to attract or retain such persons could adversely affect our business, results of operations, financial condition and cash flows.
- Any delay in the Approval, commencement or cancellation of any new projects awarded to us may adversely affect our business, prospects, reputation, profitability, financial condition and results of operation.
- Our company's success depends on the effective deployment of proprietary software, with risks including project delays and budget overruns. Service interruptions could also harm our ability to meet customer needs, leading to revenue loss and increased costs.
- Our business performance is dependent on the performance of the property market in the areas in which we operate, and any slowdown in the demand for such real estate property and the demand for business of our clients could adversely affect our business.
- If third parties are able to circumvent our technological protection measures which are put in place for the protection of our data and on-line content protection or systematically copy our application data and content, our business would be adversely affected
- Brand recognition is important to the success of our business, and our inability to build and maintain our brand names will harm our business, financial condition and results of operation.
- The Real Estate (Regulation and Development) Act, 2016 ("RERA") has been enacted to establish an authority for regulation and promotion of the real estate sector and our Company will be required to comply with the provisions and impose additional compliance requirements.
- Certain properties, including the Registered Office are not owned by us. We have entered into leave and license agreement for the respective properties. Our inability to renew the agreement or any adverse impact on the title or ownership rights in relation to these premises may impede our operations.
- We have a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for you to evaluate our business and prospects.
- We may undertake acquisitions in the future, which may expose us to additional risks due to our limited past experience in acquiring businesses
- Future strategic alliances may have a material and adverse effect on our business, reputation and results of operations.
- Expanding into new geographical regions, where we have limited or no prior experience, may pose operational and financial risks. Failure to establish a strong presence or secure business opportunities in these areas could result in increased costs, resource allocation challenges, and competitive pressures.
- We may expand our business operation into different business segment into real estate market based on business opportunities, any failure or not able to execute business strategies can lead to additional cost to the Company
- There may be potential conflict of interest if any of our group companies gets involved in any business activity that competes with or is in the same line of activity as our business operations.
- We have negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future.
- Our insurance policies may not be adequate to cover all losses incurred in our business. An inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our business, results of operations, financial condition and cash flows
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on our financial condition and cash flows.
- There are outstanding legal proceedings involving our Company, Promoter and Directors. Any adverse outcome in such legal proceedings may adversely affect our business, reputation, results of operations, financial condition and cash flows.
- Certain sections of this Draft Red Herring Prospectus disclose information from the industry report which has been commissioned and paid for by us exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risk.
- If we are unable to adequately address the financial, operational, network and system infrastructure and human resources challenges of managing a rapidly growing business it may have a negative impact on our ability to implement our strategic initiatives.
- The demand for real estate assets is subject to seasonal fluctuations in property values.
- Our funding requirements and the deployment of Net Proceeds are based on management estimates and have not been independently appraised. Any variation in the utilization of Net Proceeds of the Issue as disclosed in this Draft Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.
- The average cost of acquisition of Equity Shares by our Promoter is lower than the floor price.
- If we are unable to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required to operate our business it may materially and adversely affect our business and operations.
- Our revenues and expenses are difficult to predict and can vary significantly from period to period, which could cause our share price to decline.
- Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
- We may not be able to adequately protect our intellectual property, which could harm the value of our brand and services and adversely affect our business, financial condition, results of operations, cash flows and prospects.
- There have been certain instances of non-compliance under Sections 42(4) and 42(6) of the
Companies Act, 2013. In this regard, the Company has filed a compounding application with the
Registrar of Companies (RoC), Mumbai, and the final orders in the matter is currently awaited.
- Its inability to collect receivables, and defaults in payment from the company clients, could result in the
reduction in our profits and affect its cash flows.
- The company derives a significant portion of its revenues from a limited number of clients. The loss of any
significant client may have an adverse effect on the company business, financial condition, results of
operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect its
revenues, results of operations, and financial condition.
- The company derives a significant portion of its revenues from repeat clients. Any loss of, or a significant
reduction in the number of repeat clients could adversely affect the company business, results of operations,
financial conditions and cash flows.
- The number of ongoing projects the company has executed in the past, its live mandates and the historical
growth rate may not be indicative of the mandates we will execute in the future. Any delays in the
execution of the company mandates expose it to execution risk and variability in revenue, materiality and
adverse impact its revenue from operations, cash flows, financial condition and cash flows.
- Its historical mandates, live mandates, and past growth rates may not be reliable indicators of future
performance. If the real estate market slows down, the company sales pace could decrease. This could result in
time overruns and increased costs, which would adversely affect its revenues, profitability, and cash
flow.
- There have been some instances of non-compliances and/or delay in compliance, with legal or
regulatory requirements, including with respect to form filings and intimations under the Companies
Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory
filings made with the RoC under applicable law.
- The company has negative cash flows from operating activities in the past and may experience earnings
declines or operating losses or negative cash flows from operating activities in the future.
- Certain properties, including the Registered Office are not owned by it. The company has entered into leave
and license agreement for the respective properties. Its inability to renew the agreement or any
adverse impact on the title or ownership rights in relation to these premises may impede the company
operations.
- The Company proposes to repay high-cost, unrated NCDs using Net Proceeds from the Initial Public
Offer. The absence of credit ratings poses credibility risks.
- Its Promoter exercises substantial control over the Company and possesses the authority to direct its
business operations and strategic decisions. As a result, the Promoter may be able to influence or
determine the outcome of matters requiring shareholder approval. The interests of the Promotesr may,
from time to time, conflict with the interests of other shareholders, and such control may adversely
affect the ability of other shareholders to influence the Company's policies or operations.
- The company face significant competition within the real estate mandate industry from Indian companies and
local brokers. This competitive landscape may adversely affect its servicse pricing, profitability, and
the company capacity to secure new mandates, as well as increase in the costs associated with growing its
customer base.
- The company relys on Channel Partners to provide its services to customers. If our key Channel Partners
discontinue working with it for any reason, it can adversely impact the company ability to sell properties within
the stipulated time.
- While the company has a presence across Maharashtra, its projects are primarily concentrated in Pune and
Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws,
regulations, or the political and economic environment in these regions could adversely impact the company
business, financial condition, and results of operations.
- The company has, in the past, entered into related party transactions and its may continue to do so in the
future.
- Its technology transformation relies heavily on third-party vendors like IndexNine. Any issues in
technology transformation process may leads to financial instability or operational disruptions, could
significantly impact our infrastructure, efficiency, productivity, and revenue growth, thereby affecting
the company overall business performance.
- The company is dependents on its Promoter, Directors, Key managerial Personnel and members of Senior
Management, including other employees with sales and marketing expertise. Any loss or the company
inability to attract or retain such persons could adversely affect its business, results of operations,
financial condition and cash flows.
- Any delay in the Approval, commencement or cancellation of any new projects awarded to it may
adversely affect the company business, prospects, reputation, profitability, financial condition and results of
operation.
- The Company's success depends on the effective deployment of proprietary software, with risks
including project delays and budget overruns. Service interruptions could also harm its ability to
meet customer needs, leading to revenue loss and increased costs.
- The company business performance is dependent on the performance of the property market in the areas in
which its operate, and any slowdown in the demand for such real estate property and the demand for business of the company clients could adversely affect its business.
- If third parties are able to circumvent its technological protection measures which are put in place
for the protection of the company data and on-line content protection or systematically copy its application
data and content, the company business would be adversely affected.
- Brand recognition is important to the success of our business, and its inability to build and maintain
the company brand names will harm its business, financial condition and results of operation.
- The Real Estate (Regulation and Development) Act, 2016 ("RERA") has been enacted to establish an
authority for regulation and promotions of the real estate sector and the Company will be required to
comply with the provisions and impose additional compliance requirements.
- The company business is subject to seasonal and cyclical fluctuations in property transactions, especially
during festive and financial year end periods. Majority of its revenue is recorded in the second half
of relevant Fiscal. Any major disruption in the company business operations during the second half of the
relevant Fiscal may adversely impact its operations, which may lead to delay/loss of the company revenue,
profitability and cashflow for the Fiscal. External factors like economic conditions, regulatory
changes, and digital platform dependencies may also impact on its revenue, profitability, and
cashflows.
- The company has a limited operating history and may be subject to risks inherent in early-stage companies,
which may make it difficult for you to evaluate its business and prospects.
- The company mays undertake acquisitions in the future, which may expose us to additional risks due to its
limited past experience in acquiring businesses.
- Future strategic alliances may have a material and adverse effect on its business, reputation and
results of operations.
- Expanding into new geographical regions, where the company has limited or no prior experience, may pose
operational and financial risks. Failures to establish a strong presence or secure business opportunities
in these areas could result in increased costs, resource allocation challenges, and competitive
pressures.
- The company mays expand its business operation into different business segment into real estate market based
on business opportunities, any failures or not able to execute business strategies can lead to additional
cost to the Company.
- There may be potential conflict of interest if any of its group companies gets involved in any business
activity that competes with or is in the same line of activity as the company business operations.
- There are outstanding legal proceedings involving the Company, Promoter and Directors. Any
adverse outcome in such legal proceedings may adversely affect its business, reputation, results of operations, financial condition and cash flows.
- Its insurance policies may not be adequate to cover all losses incurred in the company business. An inability
to maintain adequate insurance cover to protect it from material adverse incidents in connection with
its business may adversely affect the company business, results of operations, financial condition and cash
flows.
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory
dues or non-payment of statutory dues in dispute may attract financial penalties from the respective
government authorities, which may have an adverse impact on its financial condition and cash flows.
- Certain sections of this Red Herring Prospectus disclose information from the industry report which
has been commissioned and paid for by it exclusively in connection with the Issue and any reliance
on such information for making an investment decision in the Issue is subject to inherent risk.
- If the comopany is unable to adequately address the financial, operational, network and system infrastructure
and human resources challenges of managing a rapidly growing business it may have a negative
impact on its ability to implement the company strategic initiatives.
- The demands for real estate assets is subject to seasonal fluctuations in property values.
- If the company is unable to obtain, maintain or renew its statutory and regulatory licenses, permits and
approvals required to operates the business it may materially and adversely affect its business and
operations.
- Its funding requirements and the deployment of Net Proceeds are based on management estimates
and have not been independently appraised. Any variation in the utilization of Net Proceeds of the
Issue as disclosed in this Red Herring Prospectus shall be subject to compliance requirements,
including prior shareholders' approval
- The average cost of acquisition of Equity Shares by its Promoter is lower than the floor price.
- The company revenues and expenses are difficult to predict and can vary significantly from period to period,
which could cause its share price to decline.
- Its ability to pay dividends in the future will depends upon the company future earnings, financial condition,
cash flows, working capital requirements, capital expenditure and restrictive covenants in its
financing arrangements.
- The company may not be able to adequately protect its intellectual property, which could harm the value of the company
brand and services and adversely affect its business, financial condition, results of operations, cash
flows and prospects.
- The company is subject to stringent labour laws and industry standards. Any strike, work stoppage, lockout, or
increased wage demand by the employees of the developers, or any other disputes involving these
employees, could adversely affect its business, financial condition, and results of operations.
How to check the allotment status of Justo Realfintech Ltd IPO?
Follow the steps
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
Select company from dropdown menu.
Enter details- PAN, Application number or DP client ID
Get your allotment status
Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).
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The IPO opens on 24 Sept 2025 & closes on 26 Sept 2025.
Justo Realfintech Limited was originally incorporated as Justo Realfintech Private Limited' as private limited company in Mumbai dated March 29, 2019, issued by Registrar of Companies. Subsequently, the status was converted into a public limited company, by changing the Company name to Justo Realfintech Limited' vide fresh certificate of incorporation upon conversion to Public Limited Company dated January 01, 2025, by the Central Registration Centre.
The Company is a technology driven real estate service organisation based in Maharashtra, with operations in Pune, Mumbai Metropolitan Region (MMR) and Nashik with additional presence in Aurangabad and Kolhapur. The Company develops Strategy, positioning and the thought for executing sales, promotion and marketing activities for various developers.
The Company primarily work with a focused niche of real estate developers who primarily operate in the lower-to-mid segment residential and commercial developments. It assist in arranging credit arrangements for their acquisition, construction and developments from banks, NBFCs and other financial institutions.
The Company started business operation as real estate mandate partner with select projects in Mumbai in 2019. It entered real estate market in Pune, following the expansion of business in Mumbai in 2020. It commenced business operations in Aurangabad in 2022. The Company further ventured into Nashik real estate market in 2023 and has entered the Kolhapur real estate market in 2024.
Company issued 49,61,000 equity shares of face value Rs 10 each by raising Rs 63 Crores through fresh issue via IPO in September, 2025.
Justo Realfintech Ltd IPO will close on 26 Sept 2025.
- Strong presence in fast growing real estate market of Pune and MMR.
- Live mandates with significant saleable inventory.
- Custom-built integrated technology platform driving operational excellence.
- Marketing and sales expertise supported by operational efficiency.
- Experienced and qualified leadership team with strong execution capabilities.
| S.No | Promoters Name | Pre Issue Shares | Pre Issue Percentage | Post Issue Shares | Post Issue Percentage |
|---|---|---|---|---|---|
| 1 | Puspamitra Das | 7177216 | 51.87 | 7177216 | 38.18 |
- Our inability to collect receivables, and defaults in payment from our clients, could result in the reduction in our profits and affect our cash flows.
- We derive a significant portion of our revenues from a limited number of clients. The loss of any significant client may have an adverse effect on our business, financial condition, results of operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect our revenues, results of operations, and financial condition
- We derive a significant portion of our revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect our business, results of operations, financial conditions and cash flows.
- The number of ongoing projects we have executed in the past, our live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of our mandates expose us to execution risk and variability in revenue, materiality and adverse impact our revenue from operations, cash flows, financial condition and cash flows.
- Our historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, our sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect our revenues, profitability, and cash flow.
- There have been some instances of non-compliances and/or delay in compliance, with legal or regulatory requirements, including with respect to form filings and intimations under the Companies Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory filing made with the RoC under applicable law.
- We face significant competition within the real estate mandate industry from Indian companies and local brokers. This competitive landscape may adversely affect our service pricing, profitability, and our capacity to secure new mandates, as well as increase in the costs associated with growing our customer base.
- We rely on Channel Partners to provide our services to customers. If our key Channel Partners discontinue working with us for any reason, it can adversely impact our ability to sell properties within the stipulated time.
- While we have a presence across Maharashtra, our projects are primarily concentrated in Pune and Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws, regulations, or the political and economic environment in these regions could adversely impact our business, financial condition, and results of operations.
- We have, in the past, entered into related party transactions and we may continue to do so in the future.
- Our technology transformation relies heavily on third-party vendors like IndexNine. Any issues in technology transformation process may leads to financial instability or operational disruptions, could significantly impact our infrastructure, efficiency, productivity, and revenue growth, thereby affecting our overall business performance.
- We are dependent on our Promoter, Directors, Key managerial Personnel and members of Senior Management, including other employees with sales and marketing expertise. Any loss or our inability to attract or retain such persons could adversely affect our business, results of operations, financial condition and cash flows.
- Any delay in the Approval, commencement or cancellation of any new projects awarded to us may adversely affect our business, prospects, reputation, profitability, financial condition and results of operation.
- Our company's success depends on the effective deployment of proprietary software, with risks including project delays and budget overruns. Service interruptions could also harm our ability to meet customer needs, leading to revenue loss and increased costs.
- Our business performance is dependent on the performance of the property market in the areas in which we operate, and any slowdown in the demand for such real estate property and the demand for business of our clients could adversely affect our business.
- If third parties are able to circumvent our technological protection measures which are put in place for the protection of our data and on-line content protection or systematically copy our application data and content, our business would be adversely affected
- Brand recognition is important to the success of our business, and our inability to build and maintain our brand names will harm our business, financial condition and results of operation.
- The Real Estate (Regulation and Development) Act, 2016 ("RERA") has been enacted to establish an authority for regulation and promotion of the real estate sector and our Company will be required to comply with the provisions and impose additional compliance requirements.
- Certain properties, including the Registered Office are not owned by us. We have entered into leave and license agreement for the respective properties. Our inability to renew the agreement or any adverse impact on the title or ownership rights in relation to these premises may impede our operations.
- We have a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for you to evaluate our business and prospects.
- We may undertake acquisitions in the future, which may expose us to additional risks due to our limited past experience in acquiring businesses
- Future strategic alliances may have a material and adverse effect on our business, reputation and results of operations.
- Expanding into new geographical regions, where we have limited or no prior experience, may pose operational and financial risks. Failure to establish a strong presence or secure business opportunities in these areas could result in increased costs, resource allocation challenges, and competitive pressures.
- We may expand our business operation into different business segment into real estate market based on business opportunities, any failure or not able to execute business strategies can lead to additional cost to the Company
- There may be potential conflict of interest if any of our group companies gets involved in any business activity that competes with or is in the same line of activity as our business operations.
- We have negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future.
- Our insurance policies may not be adequate to cover all losses incurred in our business. An inability to maintain adequate insurance cover to protect us from material adverse incidents in connection with our business may adversely affect our business, results of operations, financial condition and cash flows
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on our financial condition and cash flows.
- There are outstanding legal proceedings involving our Company, Promoter and Directors. Any adverse outcome in such legal proceedings may adversely affect our business, reputation, results of operations, financial condition and cash flows.
- Certain sections of this Draft Red Herring Prospectus disclose information from the industry report which has been commissioned and paid for by us exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risk.
- If we are unable to adequately address the financial, operational, network and system infrastructure and human resources challenges of managing a rapidly growing business it may have a negative impact on our ability to implement our strategic initiatives.
- The demand for real estate assets is subject to seasonal fluctuations in property values.
- Our funding requirements and the deployment of Net Proceeds are based on management estimates and have not been independently appraised. Any variation in the utilization of Net Proceeds of the Issue as disclosed in this Draft Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval.
- The average cost of acquisition of Equity Shares by our Promoter is lower than the floor price.
- If we are unable to obtain, maintain or renew our statutory and regulatory licenses, permits and approvals required to operate our business it may materially and adversely affect our business and operations.
- Our revenues and expenses are difficult to predict and can vary significantly from period to period, which could cause our share price to decline.
- Our ability to pay dividends in the future will depend upon our future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in our financing arrangements.
- We may not be able to adequately protect our intellectual property, which could harm the value of our brand and services and adversely affect our business, financial condition, results of operations, cash flows and prospects.
- There have been certain instances of non-compliance under Sections 42(4) and 42(6) of the Companies Act, 2013. In this regard, the Company has filed a compounding application with the Registrar of Companies (RoC), Mumbai, and the final orders in the matter is currently awaited.
- Its inability to collect receivables, and defaults in payment from the company clients, could result in the reduction in our profits and affect its cash flows.
- The company derives a significant portion of its revenues from a limited number of clients. The loss of any significant client may have an adverse effect on the company business, financial condition, results of operations, and prospects.
- Lack of consistency in customers due to the project-based nature of business may adversely affect its revenues, results of operations, and financial condition.
- The company derives a significant portion of its revenues from repeat clients. Any loss of, or a significant reduction in the number of repeat clients could adversely affect the company business, results of operations, financial conditions and cash flows.
- The number of ongoing projects the company has executed in the past, its live mandates and the historical growth rate may not be indicative of the mandates we will execute in the future. Any delays in the execution of the company mandates expose it to execution risk and variability in revenue, materiality and adverse impact its revenue from operations, cash flows, financial condition and cash flows.
- Its historical mandates, live mandates, and past growth rates may not be reliable indicators of future performance. If the real estate market slows down, the company sales pace could decrease. This could result in time overruns and increased costs, which would adversely affect its revenues, profitability, and cash flow.
- There have been some instances of non-compliances and/or delay in compliance, with legal or regulatory requirements, including with respect to form filings and intimations under the Companies Act, and with the SEBI, RBI and the BSE and there have been irregularities in a certain regulatory filings made with the RoC under applicable law.
- The company has negative cash flows from operating activities in the past and may experience earnings declines or operating losses or negative cash flows from operating activities in the future.
- Certain properties, including the Registered Office are not owned by it. The company has entered into leave and license agreement for the respective properties. Its inability to renew the agreement or any adverse impact on the title or ownership rights in relation to these premises may impede the company operations.
- The Company proposes to repay high-cost, unrated NCDs using Net Proceeds from the Initial Public Offer. The absence of credit ratings poses credibility risks.
- Its Promoter exercises substantial control over the Company and possesses the authority to direct its business operations and strategic decisions. As a result, the Promoter may be able to influence or determine the outcome of matters requiring shareholder approval. The interests of the Promotesr may, from time to time, conflict with the interests of other shareholders, and such control may adversely affect the ability of other shareholders to influence the Company's policies or operations.
- The company face significant competition within the real estate mandate industry from Indian companies and local brokers. This competitive landscape may adversely affect its servicse pricing, profitability, and the company capacity to secure new mandates, as well as increase in the costs associated with growing its customer base.
- The company relys on Channel Partners to provide its services to customers. If our key Channel Partners discontinue working with it for any reason, it can adversely impact the company ability to sell properties within the stipulated time.
- While the company has a presence across Maharashtra, its projects are primarily concentrated in Pune and Mumbai, with certain projects in other locations in Maharashtra. Any changes in policies, laws, regulations, or the political and economic environment in these regions could adversely impact the company business, financial condition, and results of operations.
- The company has, in the past, entered into related party transactions and its may continue to do so in the future.
- Its technology transformation relies heavily on third-party vendors like IndexNine. Any issues in technology transformation process may leads to financial instability or operational disruptions, could significantly impact our infrastructure, efficiency, productivity, and revenue growth, thereby affecting the company overall business performance.
- The company is dependents on its Promoter, Directors, Key managerial Personnel and members of Senior Management, including other employees with sales and marketing expertise. Any loss or the company inability to attract or retain such persons could adversely affect its business, results of operations, financial condition and cash flows.
- Any delay in the Approval, commencement or cancellation of any new projects awarded to it may adversely affect the company business, prospects, reputation, profitability, financial condition and results of operation.
- The Company's success depends on the effective deployment of proprietary software, with risks including project delays and budget overruns. Service interruptions could also harm its ability to meet customer needs, leading to revenue loss and increased costs.
- The company business performance is dependent on the performance of the property market in the areas in which its operate, and any slowdown in the demand for such real estate property and the demand for business of the company clients could adversely affect its business.
- If third parties are able to circumvent its technological protection measures which are put in place for the protection of the company data and on-line content protection or systematically copy its application data and content, the company business would be adversely affected.
- Brand recognition is important to the success of our business, and its inability to build and maintain the company brand names will harm its business, financial condition and results of operation.
- The Real Estate (Regulation and Development) Act, 2016 ("RERA") has been enacted to establish an authority for regulation and promotions of the real estate sector and the Company will be required to comply with the provisions and impose additional compliance requirements.
- The company business is subject to seasonal and cyclical fluctuations in property transactions, especially during festive and financial year end periods. Majority of its revenue is recorded in the second half of relevant Fiscal. Any major disruption in the company business operations during the second half of the relevant Fiscal may adversely impact its operations, which may lead to delay/loss of the company revenue, profitability and cashflow for the Fiscal. External factors like economic conditions, regulatory changes, and digital platform dependencies may also impact on its revenue, profitability, and cashflows.
- The company has a limited operating history and may be subject to risks inherent in early-stage companies, which may make it difficult for you to evaluate its business and prospects.
- The company mays undertake acquisitions in the future, which may expose us to additional risks due to its limited past experience in acquiring businesses.
- Future strategic alliances may have a material and adverse effect on its business, reputation and results of operations.
- Expanding into new geographical regions, where the company has limited or no prior experience, may pose operational and financial risks. Failures to establish a strong presence or secure business opportunities in these areas could result in increased costs, resource allocation challenges, and competitive pressures.
- The company mays expand its business operation into different business segment into real estate market based on business opportunities, any failures or not able to execute business strategies can lead to additional cost to the Company.
- There may be potential conflict of interest if any of its group companies gets involved in any business activity that competes with or is in the same line of activity as the company business operations.
- There are outstanding legal proceedings involving the Company, Promoter and Directors. Any adverse outcome in such legal proceedings may adversely affect its business, reputation, results of operations, financial condition and cash flows.
- Its insurance policies may not be adequate to cover all losses incurred in the company business. An inability to maintain adequate insurance cover to protect it from material adverse incidents in connection with its business may adversely affect the company business, results of operations, financial condition and cash flows.
- There are certain instances of delays in payment of statutory dues. Any delay in payment of statutory dues or non-payment of statutory dues in dispute may attract financial penalties from the respective government authorities, which may have an adverse impact on its financial condition and cash flows.
- Certain sections of this Red Herring Prospectus disclose information from the industry report which has been commissioned and paid for by it exclusively in connection with the Issue and any reliance on such information for making an investment decision in the Issue is subject to inherent risk.
- If the comopany is unable to adequately address the financial, operational, network and system infrastructure and human resources challenges of managing a rapidly growing business it may have a negative impact on its ability to implement the company strategic initiatives.
- The demands for real estate assets is subject to seasonal fluctuations in property values.
- If the company is unable to obtain, maintain or renew its statutory and regulatory licenses, permits and approvals required to operates the business it may materially and adversely affect its business and operations.
- Its funding requirements and the deployment of Net Proceeds are based on management estimates and have not been independently appraised. Any variation in the utilization of Net Proceeds of the Issue as disclosed in this Red Herring Prospectus shall be subject to compliance requirements, including prior shareholders' approval
- The average cost of acquisition of Equity Shares by its Promoter is lower than the floor price.
- The company revenues and expenses are difficult to predict and can vary significantly from period to period, which could cause its share price to decline.
- Its ability to pay dividends in the future will depends upon the company future earnings, financial condition, cash flows, working capital requirements, capital expenditure and restrictive covenants in its financing arrangements.
- The company may not be able to adequately protect its intellectual property, which could harm the value of the company brand and services and adversely affect its business, financial condition, results of operations, cash flows and prospects.
- The company is subject to stringent labour laws and industry standards. Any strike, work stoppage, lockout, or increased wage demand by the employees of the developers, or any other disputes involving these employees, could adversely affect its business, financial condition, and results of operations.
The Issue type of Justo Realfintech Ltd is Book Building - SME.
The minimum application for shares of Justo Realfintech Ltd is 2000.
The total shares issue of Justo Realfintech Ltd is 4961000.
Initial public issue of upto 49,61,000 equity shares of face value of Rs. 10/- /- each of Justo Realfintech Limited (Formerly Known as Justo Realfintech Private Limited), ("Justo" or the "Company" or the "Issuer") for cash at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share (the "Issue Price") aggregating to Rs. 63 crores ("the Issue"), of which 2,51,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share aggregating to Rs. 3.19 crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. net issue of 47,10,000 equity shares of face value of Rs. 10/- each at a price of Rs. 127/- per equity share including a share premium of Rs. 117/- per equity share aggregating to Rs. 59.82 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.39 % and 25.06 %, respectively, of the post issue paid up equity share capital of the company.