SJP Ultrasonics IPO
Updated 26 Sept 2026, 6:50 pm.
Minimum investment (Individual investors (IND))
₹2,68,000
2 lots · 4,000 shares at the upper price band
Price band
₹67
Latest GMP
Not yet quoted
Est. listing price
—
Issue size
₹22.27 Cr
GMP history
Each point is a recorded observation from the scheduled data sync.
GMP is an unofficial, unregulated grey-market estimate — not a prediction of listing performance.
Issue details
- Board
- SME
- Price band
- ₹67
- Issue size
- ₹22.27 Cr
- Lot size
- 2,000
- Opens
- 30 Sept 2026
- Closes
- 5 Oct 2026
- Allotment
- 6 Oct 2026
- Listing
- 8 Oct 2026
- Est. listing price
- —
- Listing price
- Awaited
- Listing gain
- Awaited
- Registrar
- Maashitla Securities Pvt.Ltd.
- Minimum investment
- ₹2,68,000 (2 lots · 4,000 shares)
- Face value
- ₹10 per share
- Issue type
- Fixed Price IPO
- Sale type
- Fresh capital only
- Listing at
- BSE SME
- Refunds
- 7 Oct 2026
- Shares credited
- 7 Oct 2026
- Promoter holding
- 79.51% before · 58% after
- Lead managers
- Khandwala Securities Ltd.
Offer documents & links
Full issue details
Details as published for this issue, read 26 Sept 2026, 9:05 am. Verify against the RHP before applying.
IPO Details
| IPO Date | 30 Sep to 5 Oct, 2026 |
|---|---|
| Listing Date | Thu, Oct 8, 2026 T |
| Face Value | ₹ 10 per share |
| Issue Price | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,00,000 shares (agg. up to ₹ 23 Cr) |
|---|---|
| Reserved for Market Maker | 1,76,000 shares (agg. up to ₹ 1 Cr) Aftertrade Broking Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 33,24,000 shares (agg. up to ₹ 22 Cr) |
| Net Offered to Public | 33,24,000 shares (agg. up to ₹ 22 Cr) |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,29,40,000 shares |
IPO Timetable (Tentative)
- IPO Open
- Wed, Sep 30, 2026
- IPO Close
- Mon, Oct 5, 2026
- Allotment
- Tue, Oct 6, 2026
- Refund
- Wed, Oct 7, 2026
- Credit of Shares
- Wed, Oct 7, 2026
- Listing
- Thu, Oct 8, 2026
Issue Reservation
- NII (HNI)47.49%
- Retail47.49%
- Market Maker5.03%
| Investor Category | Shares | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) | 16,62,000 | 50.00% | 47.49% |
| Retail | 16,62,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker | 1,76,000 | — | 5.03% |
| Total | 35,00,000 | 100.00% | 100.00% |
SJP Ultrasonic IPO comprises a total issue size of 35,00,000 shares. The net offer to the public is 33,24,000 shares, after excluding 1,76,000 shares allotted on a firm basis. Of the Net offer 16,62,000 (50.00%) allocated to NII 16,62,000 (50.00%) allocated to RII .
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 4000 | ₹2,68,000 |
| Individual investors (IND) (Max) | 2 | 4000 | ₹2,68,000 |
| HNI (Min) | 3 | 6000 | ₹4,02,000 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
IPO Subscription Details
About SJP Ultrasonics Ltd.
Incorporated on January 27, 2012, SJP Ultrasonic Ltd. is engaged in the end-to-end plastic joining and automation solution providers. The company offers specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging, Defence & Educational Institutes. The sale of the products and services is majorly made to manufacturers engaged in various industries, which makes model business to business (B2B).
Business Segments:
Plastic joining solutions
Industrial automation
Laser technology solutions2B) in nature.
The manufacturing facility is situated at Gala No. 1 and Gala No. 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No.5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar - 401 208, Maharashtra, India.
The company intends to enhance in-house manufacturing capabilities and increasing production efficiency by purchasing Milling Machines, CNC Lathe Machine, Compressor, CNC Bandsaw Machine, Overhead Crane, 6 Axis Robot, Co2 Laser Cutting Unit, Computers, NX Softwares, Solid Works Software, Diesel Generator, CMM Machine, Vibration Welders, Laser Plastic Welder to improve production.
As of March 31, 2026, the company had 84 employees.
Competitive Strengths:
A start to finish plastic welding solution provider offering diverse and comprehensive service offerings.
Long standing relations with raw material and equipment suppliers
Long-standing relationships with established customers, with potential to expand the customer base.
They provide a diverse range of specialised plastic products across varied industry segments
Quality Standard Certifications & Quality Tests
Company Financials (Restated)
Total Income
Profit After Tax
EBITDA
NET Worth
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 35.20 | 27.06 | 16.97 |
| Total Income | 26.63 | 21.15 | 15.22 |
| Profit After Tax | 5.24 | 4.17 | 3.40 |
| EBITDA | 8.32 | 6.93 | 5.43 |
| NET Worth | 20.09 | 14.85 | 6.73 |
| Reserves and Surplus | 10.65 | 5.41 | 5.63 |
| Total Borrowing | 5.78 | 2.41 | 2.01 |
| Amount in ₹ Crore |
SJP Ultrasonic Ltd.'s revenue increased by 26% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.
Recently Listed IPOs in Other Industrial Products
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Phychem Technologies Ltd. | SME | ₹14.58 Cr | ₹54 | 9.96 | ₹58.80 | +8.89% | ₹51.00 |
| Technocrats Plasma Systems Ltd. | SME | ₹60.98 Cr | ₹132 | 11.38 | ₹241.50 | +82.95% | ₹390.60 |
| Liotech Industries Ltd. | SME | ₹36.03 Cr | ₹321 | 23.13 | ₹244.15 | -23.94% | ₹109.06 |
| Narmadesh Brass Industries Ltd. | SME | ₹44.87 Cr | ₹515 | 19.63 | ₹470.25 | -8.69% | ₹331.55 |
| Hy-Tech Engineers Ltd. | Mainboard | ₹135.73 Cr | ₹53 | 19.63 | ₹78.75 | +48.58% | ₹67.03 |
View More »
IPO Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards the Purchase of Machineries | 13.22 |
| 2 | Funding working capital requirements of the Company | 4.92 |
| 3 | General Corporate Purposes | 3.05 |
| 4 | Issue Expenses | 3.16 |
| Total | 24.34 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Key Performance Indicator (KPI)
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.86% |
| ROCE | 50.80% |
| Debt/Equity | 0.16 |
| RoNW | 28.10% |
| PAT Margin | 19.81% |
| EBITDA Margin | 32.47% |
| NAV | 15.73 |
| Price to Book Value | 4.26 |
Check IPO Peer Comparison here.
IPO Valuation
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.55 | 4.05 |
| P/E (x) | 12.07 | 16.54 |
| Market Cap at Offer Price | ₹63.25 Cr. | ₹86.70 Cr |
Disclaimer
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP.
Shareholding Structure
Pre IPO
- Promoter and Promoter Group79.51%
- Public20.49%
Post IPO
- Promoter and Promoter Group58%
- Public42.00%
| Category | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 79.51% | 58% |
| Public | 20.49% | 42.00% |
| Total | 100% | 100% |
Company Promoters: Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh (HUF).
SJP Ultrasonics IPO Recommendations
| Review By | Subscribe | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Brokers | 0 | 0 | 0 | 0 |
| Members | 0 | 0 | 0 | 0 |
IPO Expenses
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the LM | 0.23 |
| 2 | Fees payable to the Underwriter | 0.47 |
| 3 | Fees payable to Market Maker | 0.09 |
| 4 | Fees payable to Registrar to the Issue | 0.02 |
| 5 | Fees payable to Auditor, Legal Advisors and Other Advisor | 0.18 |
| 6 | Fees Payable for Marketing and Advertsing Expenses | 0.27 |
| 7 | Fees Payable to Regulators including Stock Exchanges | 0.10 |
| 8 | Fees payable to Printing and Districution of Issue Stationery | 0.02 |
| 9 | Brokerage Selling Commission and Upload Fees | 0.89 |
| 10 | Processing and Uploading fees to SCSB (10 per application) | 0.01 |
| 11 | Selling Commission to SCSB and other Intermediaries | 0.00 |
| 12 | Selling Commission to Registred Brokers | 0.00 |
| 13 | Sponsor Bank | 0.00 |
| 14 | Distribution & Issue Management Expenses | 0.88 |
| Total | 3.16 |
IPO Registrar
Maashitla Securities Pvt.Ltd.
011-45121795
investor.ipo@maashitla.com
IPO Lead Manager(s)
Khandwala Securities Ltd.
Contact Details
SJP Ultrasonics Ltd. Address
Gala No. 1 and Gala No. 2, Shiv Shankar Industrial
Complex 2, Bhutpada, Building No.5, Opp. Golden Ch
Opp. Golden Chariot Hotel, Highway, Vasai East
Palghar, Maharashtra , 401208
+91 777 0010869
cs@sjpultrasonics.in
SJP Ultrasonics IPO in the news
Recent coverage in the financial press. Headlines are the publishers' own; verify details with the RHP.
SJP Ultrasonics: common questions
Answered from this issue's own record.
