Justo Realfintech SME IPO Subscription Status
Justo Realfintech SME IPO closed on 26 September 2025 with an overall subscription of 4.57x based on shares applied. QIB demand came in at 7.21x, NII at 7.17x, and retail at 2.10x.
Allotment will be finalised on 29 September 2025. The stock is scheduled to list on NSE and BSE on 1 October 2025.
Issue Price
Rs 127.00
GMP Today
Rs 4.00 (+3.15%)
Overall Subscription
4.57x
Issue Size
₹59.82 Cr
Allotment Date
29 Sept 2025
Listing Date
1 Oct 2025
Justo Realfintech SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 127.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 11.96 Cr | Rs 86.30 Cr | 7.21x |
| FII | - | Rs 1.02 Cr | - |
| DFI | - | Rs 4.95 Cr | - |
| Mutual Funds | - | - | - |
| Other | - | Rs 80.33 Cr | - |
| NII | Rs 8.99 Cr | Rs 64.44 Cr | 7.17x |
| bNII (above Rs 10L) | Rs 5.99 Cr | Rs 54.27 Cr | 9.05x |
| Corporate | - | Rs 4.45 Cr | - |
| Individual | - | Rs 47.33 Cr | - |
| Other | - | Rs 2.49 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 3.00 Cr | Rs 10.17 Cr | 3.39x |
| Corporate | - | Rs 26.67 L | - |
| Individual | - | Rs 9.75 Cr | - |
| Other | - | Rs 15.24 L | - |
| IND | Rs 20.96 Cr | Rs 44.02 Cr | 2.10x |
| Fixed price | - | Rs 44.02 Cr | - |
| Total | Rs 41.91 Cr | Rs 194.75 Cr | 4.65x |
Justo Realfintech SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 942 | 16 | 0.02x |
| FII | - | 1 | - |
| DFI | - | 1 | - |
| Mutual Funds | - | - | - |
| Other | - | 14 | - |
| NII | 236 | 633 | 2.68x |
| bNII (above Rs 10L) | 157 | 384 | 2.45x |
| Corporate | - | 5 | - |
| Individual | - | 374 | - |
| Other | - | 5 | - |
| sNII (Rs 2L to Rs 10L) | 79 | 249 | 3.15x |
| Corporate | - | 6 | - |
| Individual | - | 239 | - |
| Other | - | 4 | - |
| IND | 825 | 1,733 | 2.10x |
| Fixed price | - | 1,733 | - |
| Total | 2,003 | 2,382 | 1.19x |
What Do These Subscription Numbers Mean?
A subscription of 4.57x by shares means the IPO received bids for 5 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 7.21x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 7.21x, it reflects serious institutional conviction.
NII at 2.68x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 2.45x and sNII at 3.15x by applications. Share subscription was 7.17x. Allotment uses application count, not share volume.
At 2.10x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~48% per application). Retail allotment is done by lottery when oversubscribed.
Justo Realfintech SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 2.10x.
- •Allotment odds: about 1 in 2 (~48% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 3.15x.
- •Allotment odds: about 1 in 3 for a minimum-lot application (~32% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
BHNI (above Rs 10 lakh)
- •Application subscription: 2.45x.
- •Allotment odds: about 1 in 2 for a minimum-lot application (~41% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 9.05x. Allotment uses application count, not share volume.
Check the Justo Realfintech SME IPO Allotment Status page from 29 September 2025 for your allotment result.
Justo Realfintech SME IPO GMP After Subscription
GMP for Justo Realfintech SME stands at Rs 4.00 today, giving an estimated listing price of Rs 131.00 per share.
A subscription of 4.57x combined with a GMP of 3.15% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Justo Realfintech SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Justo Realfintech SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 24 Sept 2025 | 1.59x | 1.30x | 0.22x | 0.84x |
| Day 2 - 25 Sept 2025 | 1.96x | 1.89x | 0.48x | 1.20x |
| Day 3 - 26 Sept 2025 | 7.21x | 6.81x | 2.10x | 4.57x |
Justo Realfintech SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 24 September 2025 |
| IPO Close Date | 26 September 2025 |
| Allotment Date | 29 September 2025 |
| Refund Initiation | 30 September 2025 |
| Share Credit to Demat | 30 September 2025 |
| Listing Date | 1 October 2025 |
| Minimum Investment | Rs 2,54,000.00 |
| Lot Size | 1000 shares |
About Justo Realfintech SME
No company information available
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Justo Realfintech SME IPO Subscription FAQs
What is Justo Realfintech SME IPO subscription status today?
Justo Realfintech SME IPO subscription closed on 26 September 2025 with overall subscription of 4.57x (by shares) as of 27 June 2026, 2:01 AM IST. QIB 7.21x, NII 2.68x, IND 2.10x.
What is the overall subscription of Justo Realfintech SME IPO?
Justo Realfintech SME IPO is subscribed 4.57x overall by shares at close on 26 September 2025. QIB 7.21x, NII 2.68x, and IND 2.10x.
What is Justo Realfintech SME IPO QIB subscription?
Justo Realfintech SME IPO QIB (Qualified Institutional Buyers) subscription is 7.21x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Justo Realfintech SME IPO IND subscription?
Justo Realfintech SME IPO IND subscription is 2.10x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Justo Realfintech SME IPO NII subscription?
Justo Realfintech SME IPO NII (Non-Institutional Investors) subscription is 2.68x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Justo Realfintech SME IPO for retail?
At 2.10x subscription by applications, approximately 1 in 2 retail applicants can expect an allotment (~48% per application). Allotment is done by lottery.
When is Justo Realfintech SME IPO allotment date?
Justo Realfintech SME IPO allotment date is 29 September 2025. Check Justo Realfintech SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Justo Realfintech SME IPO subscription close?
Justo Realfintech SME IPO subscription closed on 26 September 2025. No new applications are accepted after the close.
What is Justo Realfintech SME IPO GMP today?
Justo Realfintech SME IPO GMP is ₹4 today (+3.15% over issue price ₹127). See live GMP on the Justo Realfintech SME IPO GMP Today page.
What is Justo Realfintech SME IPO issue price and lot size?
Justo Realfintech SME IPO issue price is ₹127 per share. Lot size is 1000 shares. Minimum investment is ₹2,54,000 per lot (minimum 2 lots for SME). Issue size: ₹59.82 Cr.
When is Justo Realfintech SME IPO listing date?
Justo Realfintech SME IPO listing date is 1 October 2025 on NSE and BSE. Allotment is on 29 September 2025.
How does subscription affect Justo Realfintech SME IPO allotment?
Allotment odds in Justo Realfintech SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 2.68x by applications means roughly 1 in 3 for minimum-lot bids; bNII at 2.45x (~1 in 2). At 4.57x overall, competition is moderate.
For allotment results from 29 September 2025, visit the Justo Realfintech SME IPO Allotment Status page. For listing day updates on 1 October 2025, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.