Justo Realfintech, a real estate solution provider, has filed its preliminary papers with BSE SME to raise funds through an initial public offering (IPO). The IPO is entirely a fresh issue of up to 49.61 lakh equity shares with a face value of Rs 10 each, and the shares of the company are proposed to be listed on the BSE's SME platform, according to the draft red herring prospectus (DRHP) filed on Wednesday. The net proceeds from the IPO, worth Rs 36.5 crore, will be used by the firm towards long-term working capital requirements, and Rs 6.30 crore will be used for funding investment in development of software and a technological platform. The company will also plan to use the funds worth Rs 5 crore towards repayment of debt and the balance for general corporate purposes. Incorporated in 2019, Maharashtra-based Justo Realfintech provides solutions, including decisions on pricing and sizing of the projects to real estate developers and enabling the delivery of the products to end ..
The unlisted shares of Kenrik Industries were trading flat at ₹25 in the grey market
Shares of Kenrik Industries are expected to be listed on the BSE SME platform on Friday, May 09, 2025, according to the RHP
Spinaroo Commercial shares listed at ₹52.85 per share, up 3.63 per cent over the issue price of ₹51 per share
Infonative Solutions listed at ₹63.20 per share, a discount of ₹15.20 or 20 per cent from the issue price of ₹79
Retaggio Industries shares listed at ₹25.10, up ₹0.10 or 0.40 per cent from the issue price of ₹25 following the completion of its initial public offering (IPO)
Spinaroo Commercial shares will be listed on BSE SME tentatively on Tuesday, April 8
Infonative Solutions aims to raise ₹24.71 crore through the fresh issue of 3.12 million equity shares
The sentiments were similar in the grey markets as well, where the unlisted shares of Spinaroo Commercial were trading flat at ₹51 apiece
Identixweb IPO received a solid response from investors, with the issue being oversubscribed by only 26.15 times
Once the allotment is finalised, investors can check their status on the official websites of the BSE and Bigshare Services, the registrar for the IPO
Infonative Solutions is eyeing to raise ₹24.71 crore through the book-built issue, comprising an entirely fresh issue of 3.12 million shares
Retaggio Industries IPO comprises an entirely fresh issue of 6.19 million equity shares, available at ₹25 per share, with a lot size of 6,000 shares
Spinaroo Commercial aims to raise ₹10.17 crore through a fresh issue of 1.99 million equity shares with no offer for sale (OFS) component.
Infonative Solutions aims to raise ₹24.71 crore through a fresh issue of 3.12 million equity shares
The portion booked for retail investors was subscribed 1.2 times and the non-institutional investors (NII) portion was subscribed 0.86 times
Desco Infratech shares listed at ₹160 per share on the BSE SME, up over 6 per cent from the issue price of ₹150 per share
Once the allotment is finalised, investors can check their status on the official websites of the BSE and Skyline Financial Services, the registrar for the IPO
Identixweb IPO comprises a fresh issue of 3.08 million equity shares worth ₹16.63 crore.
Infonative Solutions has set the price band in the range of ₹75 to ₹79 per equity share.