Smart Market Insights
SJP Ultrasonics IPO Details: Key Dates, Price Band & Investment Overview
By Wealthova | Last Updated: September 28, 2026
SJP Ultrasonics Limited, a fast-growing India-based provider of plastic joining and industrial automation solutions, is gearing up to make its primary market debut with an upcoming ₹23.45 Crore SME IPO. The business focuses on supplying and integrating advanced plastic welding technologies—including ultrasonic, vibration, hot-plate, and spin welding—alongside laser technology solutions and custom-built automation systems. Operating a robust B2B model, the company caters to a wide spectrum of manufacturers across the automotive, medical equipment, FMCG, electrical, and packaging industries. The subscription window for this fixed-price issue opens on September 30, 2026, and closes on October 5, 2026. The issue price is fixed at ₹67 per equity share. The ₹23.45 Crore offering is structured entirely as a 100% Fresh Issue of 35.00 lakh shares, with absolutely no Offer for Sale (OFS) component. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of ₹2,68,000. The company plans to utilize the fresh capital primarily to fund capital expenditure for the purchase of new machineries (₹13.22 Crore), meet working capital requirements, and for general corporate purposes. Set to list on the BSE SME platform, market participants are closely watching this niche industrial automation enterprise, backed by a robust FY26 total income of ₹26.63 Crore and a strong net profit of ₹5.24 Crore. Below, we break down the financial health, industry risk factors, and our honest Smart Market Insights to help you decide if you should subscribe to this issue!
SJP Ultrasonics IPO Details
Quick IPO Factsheet
September 30, 2026
October 5, 2026
₹67 per share
(Fixed Price Issue)2,000 Shares
(Min. 2 Lots / 4,000 Shares for Retail)₹23.45 Cr
(35.00 Lakh Shares)₹23.45 Cr
(Entirely Fresh Issue, No OFS)50.00% Allocation
(Of the Net Offer)₹10 Base
SME (BSE SME)
SJP Ultrasonics IPO Timeline
Deep-Dive Corporate Profile: What Does SJP Ultrasonics Limited Do?
SJP Ultrasonics Limited is a specialized, fast-growing engineering and industrial automation enterprise that provides advanced plastic joining and customized automation solutions to a diverse B2B clientele. In today's highly mechanized manufacturing environment, assembling precision plastic components without using chemical adhesives or mechanical fasteners is critical for durability and efficiency—a niche where SJP Ultrasonics excels.
The company designs, manufactures, and integrates a comprehensive portfolio of high-tech welding and assembly solutions, including:
- Advanced Welding Technologies: The company specializes in deploying ultrasonic welding, vibration welding, hot-plate welding, and spin welding systems. These technologies use high-frequency mechanical motion or controlled heat to seamlessly fuse plastic components.
- Laser Technology Solutions: SJP Ultrasonics provides precision laser-based systems for highly intricate manufacturing requirements.
- Custom-Built Automation Systems: Moving beyond standalone machines, the company acts as a full-suite system integrator, designing bespoke robotic and automated assembly lines tailored to specific factory floor requirements.
Through its robust technological capabilities, SJP Ultrasonics caters to major manufacturing sectors that demand high-precision assembly. Its primary client base spans across the automotive, medical equipment, Fast-Moving Consumer Goods (FMCG), electrical appliances, and packaging industries.
Why is the Company Raising Funds? (Objects of the Issue)
The SJP Ultrasonics Limited IPO is a ₹23.45 Crore SME offering structured entirely as a 100% Fresh Issue of 35.00 lakh shares at a fixed price of ₹67 per share. There is absolutely no Offer for Sale (OFS) component, meaning all net proceeds will be infused directly into the business to scale its manufacturing and operational capabilities. The management has outlined the following core objectives for deploying the fresh capital:
- Capital Expenditure for New Machinery (₹13.22 Crore): The majority of the IPO proceeds are dedicated to significantly upgrading and expanding the company's manufacturing infrastructure. This substantial ₹13.22 Crore allocation will be used to purchase advanced, state-of-the-art machineries to increase production capacity and enhance the precision of their custom-built automation solutions.
- Funding Working Capital Requirements: Industrial automation and engineering involve long gestation periods for designing and integrating custom assembly lines. A portion of the funds will be deployed to meet the working capital required to procure raw materials, maintain inventory, and comfortably manage receivables from large B2B clients.
- General Corporate Purposes: The remaining balance will cover standard IPO issue expenses and fund broader strategic initiatives, including brand building and geographical expansion of their sales network.
₹13.22 Crore is allocated as major capital expenditure for the purchase of new, state-of-the-art machinery. This includes CNC lathe machines, six-axis robots, laser cutting equipment, and vibration welders to aggressively scale their in-house manufacturing and industrial automation capabilities.
₹4.92 Crore is directed toward meeting the company's incremental working capital requirements. Designing and integrating custom B2B robotic assembly lines involves long gestation periods, requiring steady liquidity to fund raw materials, component procurement, and manage receivables.
₹3.05 Crore is assigned for general corporate purposes. This flexible capital pool will be utilized to fund strategic business initiatives, enhance local brand building, support routine operational administration, and drive geographical sales expansion.
₹2.26 Crore is earmarked to cover all mandatory issue-related expenses. This includes fees payable to the Book Running Lead Managers, market makers, underwriters, legal advisors, advertising agencies, and regulatory processing fees.
Company Financials
| 📅 Period Ended | 📈 Total Income | 💼 Net Worth | 💰 PAT | 🏦 Assets |
|---|---|---|---|---|
| FY 2024 | ₹15.22 | ₹5.43 | ₹3.40 | ₹16.97 |
| FY 2025 | ₹21.15 | ₹14.85 | ₹4.17 | ₹27.06 |
| FY 2026 | ₹26.63 | ₹20.00 | ₹5.24 | ₹35.00 |
SJP Ultrasonics IPO Key Performance Indicators (KPIs)
| Financial KPI (Latest)* | Value |
|---|---|
| Return on Equity (ROE) | 38.86% |
| Return on Capital Employed (ROCE) | 50.80% |
| EBITDA Margin | 32.47% |
| PAT Margin | 19.81% |
| Debt to Equity Ratio | 0.16x |
| Return on Net Worth (RoNW) | 28.10% |
| Earnings Per Share (EPS) | ₹5.55 (Pre-IPO) | ₹4.05 (Post-IPO) |
| Price/Earning (P/E) Ratio | 12.07x (Pre-IPO) | 16.54x (Post-IPO) |
| Net Asset Value (NAV) | ₹15.73 (Pre-IPO) |
| Price to Book (P/B) Value | 4.26x (At Issue Price) |
| Market Cap at Offer Price | ₹63.25 Cr (Pre-IPO) | ₹86.70 Cr (Post-IPO) |
Promoters & Shareholding Pattern
| Shareholder Category | Pre-IPO Holding | Post-IPO Holding |
|---|---|---|
| Promoter & Promoter Group | 79.51% | 58.00% |
| Public / Institutional / Others | 20.49% | 42.00% |
SJP Ultrasonics Limited enters the BSE SME market backed by its founding promoters, Jignesh Pravinchandra Parekh and Rupal Jignesh Parekh, along with their family members (including Parth and Parthvi Parekh). Prior to the IPO, the promoter group held a commanding 79.51% equity stake in the company. Because the offering is structured entirely as a ₹23.45 Crore 100% Fresh Issue, no promoters are offloading shares via an Offer for Sale (OFS). Post-listing, the fresh issue of equity will organically dilute the promoter holding to 58.00%. Retaining a clear majority ownership of 58% post-IPO demonstrates strong promoter conviction and long-term strategic alignment with incoming public shareholders as the company scales its industrial automation capabilities.
Industry Peer Comparison
| Company Name | EPS (₹) | P/E Ratio (Post-IPO) | RoNW (%) |
|---|---|---|---|
| SJP Ultrasonics Ltd. (IPO) | 4.05 (Post-IPO) | 16.54x | 28.10% |
| Rinco Ultrasonics India Pvt Ltd* | 75.56 | N/A | 12.64% |
*Note: Rinco Ultrasonics India Private Limited is an unlisted peer provided in the DRHP for reference, hence no market P/E is available. SJP Ultrasonics does not have strictly comparable listed peers in India.
IPO Strengths & Key Risks
Smart Market Insights
SJP Ultrasonics Limited enters the BSE SME platform as a highly specialized player in the industrial automation and plastic joining sector. Moving beyond basic component manufacturing, the company has carved a lucrative niche by acting as a comprehensive B2B system integrator, deploying advanced ultrasonic, laser, and robotic welding solutions for major clients in the automotive, FMCG, and medical equipment industries. This high-barrier-to-entry technological focus has yielded consistent and impressive financial scaling. Over the past three fiscals, Total Income grew steadily from ₹15.22 Crore in FY24 to ₹26.63 Crore in FY26. More importantly, the company translated this into strong profitability, with Profit After Tax (PAT) climbing to ₹5.24 Crore in FY26. This aggressive execution has resulted in an outstanding Return on Capital Employed (ROCE) of 50.80% and a robust EBITDA margin of 32.47%.
The ₹23.45 Crore IPO is uniquely structured entirely as a Fresh Issue, with the Parekh family promoters demonstrating strong conviction by offloading zero shares (retaining a 58.00% post-issue stake). Management's capital allocation is strictly growth-oriented. A massive ₹13.22 Crore (56.37% of the issue) is earmarked for heavy capital expenditure to purchase state-of-the-art CNC and laser machineries, directly expanding their in-house manufacturing capacity. Furthermore, the company maintains a pristine balance sheet, operating with a highly conservative Debt-to-Equity ratio of just 0.16x in FY26. However, prospective investors must be mindful of key operational risks: the company operates with high customer concentration, and the long gestation periods required to build custom robotic assembly lines have historically strained working capital, occasionally resulting in negative operating cash flows.
From a valuation standpoint, management has priced the issue attractively. At the fixed issue price of ₹67 per share, the IPO is valued at a post-issue P/E multiple of 16.54x (based on diluted FY26 EPS of ₹4.05) and a Price-to-Book (P/B) multiple of 4.26x, giving it a modest post-listing market capitalization of roughly ₹86.70 Crore. While there are no strictly comparable listed peers in India to benchmark against, a 16.54x P/E is highly reasonable for a specialized engineering firm generating over 50% ROCE with negligible debt. The minimum retail commitment of ₹1,34,000 (1 lot / 2,000 shares) makes it accessible for most SME investors. Given the strong sectoral push for domestic manufacturing (Make in India), the aggressive CapEx expansion plan, and the reasonable fixed pricing, we assign a SUBSCRIBE rating for investors with a long-term horizon willing to navigate the illiquidity typical of SME listings.
Disclaimer: The information provided above is for educational and informational purposes only and does not constitute financial advice. Initial Public Offerings (IPOs) carry market risks, and equity investments are subject to broader market fluctuations. Wealthova is not a SEBI-registered investment advisor. Always consult with a certified financial planner and conduct your own due diligence before locking up capital in any public issue.
SJP Ultrasonics IPO Key Contacts & Advisors
| Role / Entity | Contact & Details |
|---|---|
| 📋 IPO Registrar |
Maashitla Securities Private Limited
Phone: +91 11-47581432
Email: investor.ipo@maashitla.com
Website: maashitla.com
|
| 🏢 Company Contact |
SJP Ultrasonics 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 - 401208, Maharashtra, India
Phone: +91 777 001 8231
Email: info@sjpultrasonics.in
Website: sjpultrasonics.in
|
| 💼 Merchant Bankers |
Khandwala Securities Limited
Book Running Lead Manager
Phone: +91 22 4076 7373
Email: ipo@kslindia.com
Website: kslindia.com
|
Frequently Asked Questions (FAQs)
What are the opening and closing dates for the SJP Ultrasonics IPO?
What is the minimum lot size and investment required for retail investors?
How can I check the allotment status for the SJP Ultrasonics IPO?
- Wealthova (Recommended): Check directly on the Wealthova IPO Allotment Status Hub using your PAN number or Application Number for real-time verification.
- Official Registrar Portal: Visit the official allotment page of Maashitla Securities Private Limited.
- Stock Exchange Portal: Verify directly on the official BSE IPO allotment status page.