SJP Ultrasonic IPO is a fixed-price SME IPO of SJP Ultrasonic Limited. The issue is entirely a fresh issue of 35,00,000 equity shares aggregating up to ₹23.45 crore. The company provides end-to-end plastic joining and industrial automation solutions, primarily serving manufacturers across automotive, medical, electrical, electronics, textile, FMCG, food packaging and other industries. Its solutions are designed to support manufacturing processes that require precision joining, automation and related industrial applications.
The SJP Ultrasonic IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. The fixed issue price is ₹67 per share and the lot size is 2,000 shares. Retail investors need to apply for a minimum of 2 lots, or 4,000 shares, requiring ₹2,68,000 at the issue price. As an SME IPO, the minimum application size is higher than that of many Mainboard IPOs, which investors should consider while evaluating the issue.
SJP Ultrasonic Limited caters to customers across several industrial sectors, including automotive, medical, electrical, electronics, textile, FMCG and food packaging. The company offers solutions related to plastic joining and industrial automation, serving manufacturers with equipment and systems used in various production and assembly processes. Its diversified industry exposure allows the company to serve customers operating in multiple manufacturing segments.
The equity shares of SJP Ultrasonic Limited are proposed to be listed on the BSE SME platform, with the tentative listing date scheduled for 8 October 2026. Investors can review the company’s financial performance, valuation, issue objectives, industry exposure, subscription details and risk factors before making an investment decision. As with other SME IPOs, investors should also consider the applicable trading and liquidity characteristics of SME-listed securities.
Table of Contents
SJP Ultrasonic IPO Details Information
| Particular | Details |
|---|---|
| IPO Name | SJP Ultrasonic IPO |
| Company Name | SJP Ultrasonic Limited |
| IPO Type | SME IPO |
| Issue Type | Fixed Price IPO |
| Face Value | ₹10 per Equity Share |
| Issue Price | ₹67 per Share |
| Total Issue Size | ₹23.45 Cr |
| Total Shares Offered | 35,00,000 Equity Shares |
| Fresh Issue | 35,00,000 Equity Shares |
| Offer for Sale | Nil |
| Market Maker Portion | 1,76,000 Shares |
| Net Offered to Public | 33,24,000 Shares |
| Listing At | BSE SME |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Listing Date | 8 October 2026 |
| Market Lot | 2,000 Shares |
| Minimum Retail Application | 2 Lots / 4,000 Shares |
| Minimum Investment | ₹2,68,000 |
| Registrar | Maashitla Securities Pvt. Ltd. |
| Lead Manager | Khandwala Securities Ltd. |
| Market Maker | Aftertrade Broking Pvt. Ltd. |
The SJP Ultrasonic IPO comprises an entirely fresh issue of 35,00,000 equity shares, with no offer-for-sale component. Out of the total issue size, 1,76,000 shares are reserved for the market maker to facilitate liquidity and market-making activities after listing. After the market maker reservation, 33,24,000 shares remain available as the net public issue for eligible investors.
The fresh issue proceeds will be received by the company, after applicable issue expenses, and will be utilised towards the stated objects of the issue. Investors should review the IPO prospectus for the detailed allocation among investor categories, the proposed utilisation of funds and other terms of the issue.
SJP Ultrasonic IPO Dates
| IPO Event | Date |
|---|---|
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Basis of Allotment | 6 October 2026 |
| Initiation of Refunds | 7 October 2026 |
| Credit of Shares to Demat | 7 October 2026 |
| Listing Date | 8 October 2026 |
SJP Ultrasonic IPO Reservation
The net public issue consists of 33,24,000 equity shares after excluding the 1,76,000 shares reserved for the market maker. Of the net public issue, 50% is reserved for Non-Institutional Investors (NII), while the remaining 50% is reserved for Retail Individual Investors (RII). In addition, 1,76,000 shares are specifically allocated to the market maker as part of the SME IPO structure.
| 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% |
| Market Maker | 1,76,000 | — | 5.03% |
| Total | 35,00,000 | 100% | 100% |
SJP Ultrasonic IPO Lot Size
Investors can bid for a minimum of 4,000 equity shares, equivalent to 2 lots, with each lot comprising 2,000 shares. Applications can be made in multiples of 2,000 shares thereafter, allowing investors to increase their bid size according to the applicable IPO terms. At the fixed issue price of ₹67 per share, the minimum investment for 4,000 shares is ₹2,68,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Investors (Min) | 2 | 4,000 | ₹2,68,000 |
| Individual Investors (Max) | 2 | 4,000 | ₹2,68,000 |
| HNI (Min) | 3 | 6,000 | ₹4,02,000 |
About SJP Ultrasonic Limited
SJP Ultrasonic Limited was incorporated on 27 January 2012 and is engaged in providing end-to-end plastic joining and automation solutions. Its products and services are mainly supplied to manufacturers operating across automotive and several industrial sectors. The company’s business model is primarily B2B.
The company provides plastic joining solutions, industrial automation solutions and laser technology solutions. Its customer industries include automotive, medical, electrical, electronics, textile, FMCG, toys, gift and stationery, food and packaging, defence and educational institutions.
SJP Ultrasonic operates its manufacturing facility at Vasai East, Palghar, Maharashtra. The company plans to enhance its in-house manufacturing capabilities and production efficiency through the purchase of machinery and technology equipment. As of 31 March 2026, the company had 84 employees.
Business Operations
- Plastic joining and welding solutions.
- Industrial automation solutions.
- Laser technology solutions.
- Products and services for automotive and industrial applications.
- B2B solutions for manufacturers across multiple sectors.
- In-house manufacturing and engineering capabilities.
Industry Overview
SJP Ultrasonic operates in the industrial automation and plastic joining solutions segment. Demand for automation and specialised joining technologies is linked to manufacturing activity across automotive, electronics, medical, packaging and other industrial sectors.
Business Strategy
- Expand in-house manufacturing capabilities.
- Increase production efficiency through new machinery.
- Strengthen plastic joining and automation solutions.
- Expand customer relationships across industrial sectors.
- Meet increasing working capital requirements.
- Improve technological capabilities through equipment and software investments.
SJP Ultrasonic IPO Financial Information
| Financial Year | Total Assets (₹ Cr) | Total Income (₹ Cr) | PAT (₹ Cr) |
|---|---|---|---|
| FY2024 | 16.97 | 15.22 | 3.40 |
| FY2025 | 27.06 | 21.15 | 4.17 |
| FY2026 | 35.20 | 26.63 | 5.24 |
The company’s revenue and PAT increased between FY2025 and FY2026.
SJP Ultrasonic IPO Financial Summary
| Particular | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Total Income | ₹15.22 Cr | ₹21.15 Cr | ₹26.63 Cr |
| PAT | ₹3.40 Cr | ₹4.17 Cr | ₹5.24 Cr |
| EBITDA | ₹5.43 Cr | ₹6.93 Cr | ₹8.32 Cr |
| Total Assets | ₹16.97 Cr | ₹27.06 Cr | ₹35.20 Cr |
| Net Worth | ₹6.73 Cr | ₹14.85 Cr | ₹20.09 Cr |
| Reserves & Surplus | ₹5.63 Cr | ₹5.41 Cr | ₹10.65 Cr |
| Total Borrowings | ₹2.01 Cr | ₹2.41 Cr | ₹5.78 Cr |
SJP Ultrasonic IPO Key Performance Indicators
| KPI | FY2025 |
|---|---|
| ROE | 38.86% |
| ROCE | 50.80% |
| Debt/Equity | 0.16x |
| RoNW | 28.10% |
| PAT Margin | 19.81% |
| EBITDA Margin | 32.47% |
| NAV | ₹15.73 |
| Price to Book Value | 4.26x |
SJP Ultrasonic 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 |
Objects of SJP Ultrasonic IPO
The company proposes to utilise the net proceeds from the issue to support its capital expenditure, working capital requirements and general corporate needs. A major portion of the funds will be directed towards the purchase of machinery, which is expected to support the company’s manufacturing and industrial automation activities.
- Capital Expenditure: ₹13.22 crore towards the purchase of machinery.
- Working Capital: ₹4.92 crore for funding the company’s working capital requirements.
- General Corporate Purposes: ₹3.05 crore for general corporate purposes.
- Issue Expenses: ₹2.26 crore towards expenses related to the IPO.
The total amount allocated across the stated objects is ₹23.45 crore, representing the total issue size. The actual utilisation of funds will be subject to the terms and conditions disclosed in the IPO offer documents.
SJP Ultrasonic IPO Listing Performance
| Particular | Details |
|---|---|
| Listing Date | 8 October 2026 |
| Listing Exchange | BSE SME |
| Issue Price | ₹67 |
| Listing Price | Yet to be Updated |
| Listing Gain/Loss | Yet to be Updated |
| Closing Price on Listing Day | Yet to be Updated |
SJP Ultrasonic IPO Subscription Status
The SJP Ultrasonic IPO will open for subscription on 30 September 2026 and close on 5 October 2026. Subscription figures will be updated after bidding begins.
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | Not Applicable |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Total Subscription | To be updated |
SJP Ultrasonic IPO GMP Today
The latest available external Grey Market Premium (GMP) indication for SJP Ultrasonic IPO is ₹0. GMP represents the unofficial premium at which IPO shares may be traded in the grey market before their official listing. It is not regulated by the stock exchanges and can change based on market sentiment, demand and other market factors.
Investors should note that GMP is only an unofficial market indicator and does not guarantee the actual listing price or future performance of the shares. The actual listing price may differ from the GMP indication depending on subscription levels, market conditions and investor demand.
Investors should therefore consider GMP along with the IPO price, subscription data, financial performance, valuation and risk factors disclosed in the offer documents before making an investment decision.
SJP Ultrasonic IPO GMP History
| Date | GMP | Kostak Rate | Subject to Sauda |
|---|---|---|---|
| 25 September 2026 | ₹0 | ₹0 | ₹0 |
SJP Ultrasonic IPO Review
SJP Ultrasonic has recorded growth in total income and profit after tax over the reported financial years. Total income increased from ₹15.22 crore in FY2024 to ₹26.63 crore in FY2026, while profit after tax (PAT) increased from ₹3.40 crore to ₹5.24 crore during the same period. The growth in income and profitability indicates an increase in the company’s business scale during the reported period.
The company is engaged in providing plastic joining, industrial automation and laser technology solutions to manufacturers across multiple industries. Its customer base includes businesses operating in automotive, medical, electrical, electronics, textile, FMCG, food packaging and other manufacturing segments. This diversified industry exposure forms an important part of the company’s business operations.
The IPO comprises an entirely fresh issue, with the proceeds proposed to be utilised for capital expenditure, working capital requirements and general corporate purposes. A substantial portion of the issue proceeds is intended for the purchase of machinery, while funds are also allocated towards working capital and other stated corporate requirements. The offer documents provide the detailed utilisation of the issue proceeds and related terms.
Investors should consider the company’s financial performance, business model, key performance indicators, IPO valuation, use of proceeds, industry conditions and applicable SME market factors before evaluating the issue. The offer documents and disclosed risk factors should be reviewed carefully to understand the potential risks associated with the company’s business and the IPO before making an investment decision.
SJP Ultrasonic IPO Strengths
- End-to-End Solutions: The company provides plastic joining and automation solutions across multiple stages of the manufacturing process.
- Diversified Industries: It serves automotive, medical, electrical, electronics, textile, FMCG, packaging and other sectors.
- Manufacturing Capabilities: The company plans to strengthen in-house production through additional machinery.
- Supplier Relationships: The company has long-standing relationships with raw material and equipment suppliers.
- Customer Relationships: It has established relationships with customers across varied industrial segments.
- Quality Standards: The company has quality certifications and testing capabilities.
SJP Ultrasonic IPO Risk Factors
- Manufacturing Dependence: Business performance depends on efficient utilisation of manufacturing facilities and machinery.
- Working Capital: The company requires funds for its ongoing working capital requirements.
- Industrial Demand: Demand is linked to manufacturing activity across its customer industries.
- Competition: The company operates in competitive automation and industrial equipment markets.
- Customer Concentration: Changes in relationships with important customers may affect revenue.
- Borrowings: Total borrowings increased to ₹5.78 crore as of FY2026.
SJP Ultrasonic IPO Promoters
The promoters of SJP Ultrasonic Limited are Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh (HUF).
| Promoter | Status |
|---|---|
| Jignesh Pravinchandra Parekh | Promoter |
| Rupal Jignesh Parekh | Promoter |
| Parth Jignesh Parekh | Promoter |
| Parthvi Jignesh Parekh | Promoter |
| Jignesh Pravinchandra Parekh (HUF) | Promoter |
SJP Ultrasonic IPO Management Team
The company’s investor section identifies committee members including Rajesh Girish Jain, Shivani Shah, Jignesh Parekh, Rupal Parekh and Kishor Sonecha. Jamshed Kokab Khan is identified as the Company Secretary and Compliance Officer in the company’s IPO documentation.
| Name | Designation / Role |
|---|---|
| Jignesh Pravinchandra Parekh | Chairman & Managing Director |
| Rupal Jignesh Parekh | Director |
| Parth Jignesh Parekh | Director |
| Rajesh Girish Jain | Independent Director |
| Shivani Shah | Independent Director |
| Kishor Sonecha | Independent Director |
| Jamshed Kokab Khan | Company Secretary & Compliance Officer |
SJP Ultrasonic IPO Registrar Details
Maashitla Securities Pvt. Ltd. is the registrar to the SJP Ultrasonic IPO.
| Particular | Details |
|---|---|
| Registrar Name | Maashitla Securities Pvt. Ltd. |
| Phone | 011-45121795 |
| [email protected] | |
| Website | maashitla.com/allotment-status/public-issues |
SJP Ultrasonic IPO Lead Manager Details
Khandwala Securities Ltd. is the book-running lead manager of the SJP Ultrasonic IPO.
| Particular | Details |
|---|---|
| Lead Manager | Khandwala Securities Ltd. |
| Role | Book Running Lead Manager |
| Address | G-II, Ground Floor, Dalamal House, Nariman Point, Mumbai – 400021 |
| [email protected] | |
| Website | kslindia.com |
The IPO document identifies Khandwala Securities Limited as the lead manager and provides its SEBI registration number as INM000001899.
SJP Ultrasonic Company Contact Details
| Particular | Details |
|---|---|
| Company Name | SJP Ultrasonic Limited |
| Registered Office | Gala No. 1 and Gala No. 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No. 5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar, Maharashtra – 401208 |
| Phone | +91 777 0010869 |
| [email protected] | |
| Website | www.sjpultrasonics.in |
| CIN | U29253MH2012PLC226489 |
How to Check SJP Ultrasonic IPO Allotment Status
Check on Maashitla Securities
- Visit the Maashitla IPO allotment-status portal.
- Select SJP Ultrasonic IPO from the issue list.
- Enter your PAN, application number or DP/Client ID.
- Submit the details to view the allotment status.
Check on BSE
- Visit the BSE IPO application-status section.
- Select SJP Ultrasonic IPO.
- Enter your application number and PAN details.
- Submit the form to check the allotment status.
Conclusion
SJP Ultrasonic IPO is a fixed-price SME IPO of ₹23.45 crore comprising 35,00,000 fresh equity shares. The issue price is fixed at ₹67 per share, with a lot size of 2,000 shares. The IPO is scheduled to open on 30 September 2026 and close on 5 October 2026, with the shares proposed to be listed on BSE SME on 8 October 2026.
SJP Ultrasonic Limited provides plastic joining, industrial automation and laser technology solutions to manufacturers across automotive, medical, electrical, electronics, textile, FMCG, food packaging and other industries. The company intends to utilise the IPO proceeds primarily towards the purchase of machinery, working capital requirements and general corporate purposes.
Investors should review the company’s offer document, financial performance, key performance indicators, valuation, proposed utilisation of IPO proceeds and industry-related risks before making an investment decision. The SME IPO structure, minimum application requirement and potential trading liquidity should also be considered while evaluating the issue.
SJP Ultrasonic IPO FAQs
What is the SJP Ultrasonic IPO?
SJP Ultrasonic IPO is a fixed-price SME IPO of SJP Ultrasonic Limited comprising 35,00,000 fresh equity shares aggregating up to ₹23.45 crore.
What is the SJP Ultrasonic IPO price?
The fixed issue price is ₹67 per equity share.
What is the SJP Ultrasonic IPO lot size?
The IPO lot size is 2,000 shares. Retail investors need to apply for a minimum of 2 lots, or 4,000 shares.
What is the minimum investment in SJP Ultrasonic IPO?
The minimum retail investment is ₹2,68,000 for 4,000 shares at the issue price of ₹67.
When does SJP Ultrasonic IPO open and close?
The IPO opens on 30 September 2026 and closes on 5 October 2026.
What is the SJP Ultrasonic IPO GMP today?
The latest available GMP indication is ₹0. GMP is unofficial and can change before listing.
What is the SJP Ultrasonic IPO allotment date?
The tentative allotment date is 6 October 2026.
What is the SJP Ultrasonic IPO listing date?
The tentative listing date is 8 October 2026 on BSE SME.
Who is the registrar of SJP Ultrasonic IPO?
Maashitla Securities Pvt. Ltd. is the registrar of the SJP Ultrasonic IPO.
Who is the lead manager of SJP Ultrasonic IPO?
Khandwala Securities Ltd. is the book-running lead manager of the SJP Ultrasonic IPO.
