← Back to IPOs
SJP Ultrasonics IPO
📅 Founded: 2012
📍 Palghar, Maharashtra
👥 84 employees
🌐 sjpultrasonics.in
📋 Face Value: ₹10
🏦 Market Cap: ₹86.70 Cr
Price Band
₹67
Issue Size
₹23.45 Cr
Lot Size
2000 shares
Min. Investment
₹2,68,000
GMP
+₹0 (+0%)
Est. Return
+0%
Listing Date
08 Oct 2026
Registrar
Maashitla Securities
SJP Ultrasonics IPO at a glance
SJP Ultrasonics IPO was an SME issue of ₹23.45 Cr at a price band of ₹67 per share, open from 30 Sep 2026 to 05 Oct 2026. The shares listed on BSE SME on 08 Oct 2026.
IPO Signal Analysis
📊 Based on Grey Market Premium (GMP) & Subscription Data — not financial advice
GMP Signal
Moderate Interest
GMP: +0% above issue price
⭐ Overall Signal
Moderate Interest
GMP + Subscription combined
Not financial advice
Not financial advice
Subscription Signal
Moderate Interest
0.00x subscribed
Issue Details
Fresh Issue₹23.45 Cr
Offer for Sale (OFS)Nil
Total Issue Size₹23.45 Cr
Face Value₹10
Market Cap (at issue)₹86.70 Cr
Listing ExchangeBSE SME
📅 Open Date30 Sep 2026
🔒 Close Date05 Oct 2026
✂️ Cut-off Price Date05 Oct 2026
🎟️ Allotment Date06 Oct 2026
💸 Refund Initiation07 Oct 2026
📂 Demat Credit07 Oct 2026
📈 Listing Date08 Oct 2026
Objects of the Issue
- 💰 Purchase of machinery — ₹13.22 Cr
- 💰 Working capital — ₹4.92 Cr
- 💰 General corporate purposes — ₹3.05 Cr
About the Company
SJP Ultrasonics, incorporated in 2012 and based in Vasai East (Palghar, Maharashtra), builds machines and systems for joining plastic parts — ultrasonic and laser plastic welding — along with industrial automation equipment. Its customers are manufacturers in the automotive, medical, electrical, electronics, textile and FMCG sectors. This is a fixed-price issue at ₹67 per share.
Strengths
- ✅ Niche engineering business in plastic welding and automation
- ✅ Serves a wide mix of industries, from auto to medical devices
- ✅ Income and profit have grown steadily from FY24 to FY26
- ✅ Moderate debt, with debt-to-equity of about 0.3x
Risk Factors
- ⚠️ Small company with about 84 employees
- ⚠️ Demand depends on capital spending by manufacturing customers
- ⚠️ Over half the IPO money goes into new machinery, which adds execution risk
- ⚠️ Promoter holding falls from about 80% to 58%
Subscription Status
Not yet open
QIB: —
NII: —
RII: —
GMP Trend
Day-wise Subscription
| Day | QIB | NII | RII | Overall |
|---|---|---|---|---|
| Day 1 | — | — | — | 0.00x |
| Day 2 | — | — | — | 0.00x |
| Day 3 | — | — | — | 0.00x |
Share Reservation
QIB
50%
NII
15%
RII
35%
Allocation as per SEBI regulations for SME IPO
Anchor Investors
Anchor allotment details not yet available.
Promoter Holding
79.51%
Pre-IPO
→ -21.5%
58%
Post-IPO
Founders & Leadership
JP
Jignesh Pravinchandra Parekh
Promoter
Promoter of the company
RP
Rupal Jignesh Parekh
Promoter
Promoter of the company
IPO Timeline
✓
Open Date
30 Sep 2026
✓
Close Date
05 Oct 2026
✓
Allotment Date
06 Oct 2026
✓
Listing Date
08 Oct 2026
Key Financials
Revenue₹26.63 Cr
PAT₹5.24 Cr
EPS₹4.05
P/E Ratio16.54x
ROE28.10%
Market Cap₹86.70 Cr
Company Financials (Restated Consolidated)
| Period Ended | FY26 | FY25 | FY24 |
|---|---|---|---|
| Total Income | 26.63 | 21.15 | 15.22 |
| Profit After Tax | 5.24 | 4.17 | 3.40 |
| EBITDA | 8.32 | — | — |
| Net Worth | 20.09 | — | — |
| Total Borrowing | 5.78 | — | — |
Amount in ₹ Crore
Key Performance Indicators (KPI)
| KPI | FY26 | FY25 |
|---|---|---|
| ROE (%) | 26.08 | — |
| EBITDA Margin (%) | 31.24 | — |
| Debt / Equity | 0.29 | — |
| Net Worth (Rs. Cr) | 20.09 | — |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS | ₹4.05 | — |
| P/E (x) | 16.54x | — |
| ROE (%) | 28.10% | — |
| Promoter Holding | 79.51% | 58% |
| Market Cap | ₹86.70 Cr | |
IPO Registrar
Maashitla Securities
SJP Ultrasonics IPO FAQs
SJP Ultrasonics IPO is an SME IPO with an issue size of ₹23.45 Cr at a price band of ₹67. Minimum lot size is 2000 shares and the minimum application is 2 lots (minimum investment ~₹2,68,000). Opened on 30 Sep 2026 and closed on 05 Oct 2026. Listed on BSE SME. Registrar: Maashitla Securities.