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IPO Open

Wed, Sep 30, 2026

IPO Close

Mon, Oct 5, 2026

Price Band

₹67 per share

Market Cap*

₹86.70 Cr * on Offer Price

IPO Details

  • IPO Date
    30 Sep to 5 Oct, 2026
  • Listing Date
    Thu, Oct 8, 2026
  • Face Value
    ₹10 per share
  • Price Band
    ₹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
  • Allotment
    Tue, Oct 6, 2026
  • Credit of Shares
    Wed, Oct 7, 2026
  • IPO Close
    Mon, Oct 5, 2026
  • Refund
    Wed, Oct 7, 2026
  • Listing
    Thu, Oct 8, 2026

Issue Reservation

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.

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%

IPO Lot Size

Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.

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

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)

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.     (Amount in ₹ Crore)

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

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

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

  • # 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

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

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
  • 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

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.

IPO Lead Manager(s)

  1. Khandwala Securities Ltd.

Lead Manager Reports

  • Lead Manager Performance Summary
  • Lead Manager Performance Tracker

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

IPO FAQs

SJP Ultrasonics IPO is a SME IPO of 35,00,000 equity shares of the face value of ₹10 aggregating up to ₹23 Crores. The issue is priced at ₹67 per share. The minimum order quantity is 2000.

The IPO opens on Wed, Sep 30, 2026, and closes on Mon, Oct 5, 2026.

Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Angel One customers can apply online in SJP Ultrasonics IPO using UPI as a payment gateway. Angel One customers can apply in SJP Ultrasonics IPO by login into Angel One Console (back office) and submitting an IPO application form.

Steps to apply in SJP Ultrasonics IPO through Angel One

Visit the Angel One website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the ‘SJP Ultrasonics IPO’ row and click the ‘Bid’ button.
Enter your UPI ID, Quantity, and Price.
Submit IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Angel OneIPO Application Process Review for more detail.

The SJP Ultrasonics IPO opens on Wed, Sep 30, 2026 and closes on Mon, Oct 5, 2026.

SJP Ultrasonics IPO lot size is 2000, and the minimum amount required for application is ₹2,68,000, with 2 lots being the minimum application size.

You can apply in SJP Ultrasonics IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don’t offer banking services. Read more detail about applying IPO online through Angel One, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for SJP Ultrasonics IPO will be done on Tuesday, October 6, 2026, and the allotted shares will be credited to your demat account by Wed, Oct 7, 2026. Check the SJP Ultrasonics IPO allotment status.

The SJP Ultrasonics IPO listing date is not yet announced. The tentative date of listing is Thu, Oct 8, 2026.

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