In Progress
Valuation
Market Cap
₹86.70 Cr
P/E Ratio
12.07x
P/B Ratio
3.15x
SJP Ultrasonics IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
SJP Ultrasonics Limited, incorporated in 2012 and headquartered at Vasai, Palghar, Maharashtra, is an end-to-end plastic joining and industrial automation solutions provider. It manufactures and supplies ultrasonic welding, vibration welding, hot plate welding, spin welding and heat staking machines, along with laser technology solutions, serving automotive, medical, electrical, electronics, textile, FMCG, toys, food packaging, defence and educational sectors. Operations span three segments - Plastic Joining Solutions, Industrial Automation and Laser Technology Solutions - backed by an in-house design team and ties with international equipment manufacturers. With offices across Vasai, Pune, Gurgaon and Chennai, the Company serves clients pan-India on a B2B basis.
Lots & IPO Size
SJP Ultrasonics IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,000 | ₹2,68,000 |
| Ind (Max) | 2 | 4,000 | ₹2,68,000 |
| Others (Min) | 3 | 6,000 | ₹4,02,000 |
Market Maker
₹1.76 L
Employee
₹0.00
Shareholder
₹0.00
SJP Ultrasonics IPO Size
Total
₹23 Cr
Fresh Issue
₹23 Cr
(0.35 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding Capital Expenditure towards Purchase of Machineries
Funding Working Capital Requirements of the Company
General Corporate Purposes & Issue Expenses
Total
Key Risk Factors
The Company derives a significant portion of revenue from Plastic Joining Solutions and Industrial Automation; any decline in these segments could adversely affect its business and financial condition.
Key Risk Factors
The Company derives a significant portion of revenue from Plastic Joining Solutions and Industrial Automation; any decline in these segments could adversely affect its business and financial condition.
The Company was not registered under the Employees' Provident Fund Act until June 15, 2024, resulting in past non-compliance and possible fines or penalties for the defaulting period.
The Company was not registered under the Employees' State Insurance Act until June 15, 2024, resulting in past non-compliance and possible fines or penalties.
High trade receivables, driven by OEM customers with longer credit periods, may adversely affect the Company's liquidity and cash flows; receivables reached 55.21% of revenue in FY2025.
There have been past delays in statutory RoC filings and certain non-compliances with the Companies Act, 2013 in relation to allotments, exposing the Company to potential penalties.
The Company has not yet registered its logo under the Trade Marks Act, 1999, exposing its brand to risks of third-party imitation or ownership disputes until registration is secured.
A significant portion of revenue comes from a limited number of large customers with no long-term contracts; top ten customers contributed 55.28% of revenue in FY2026.
The Company operates in a niche, highly specialised segment with no directly comparable listed peers, limiting investors' ability to benchmark its operational and financial performance.
The Company has no long-term supply contracts with its raw material and equipment suppliers, exposing it to price volatility and potential shortages that could affect operations.
The Company derives a considerable portion of revenue from Maharashtra, where its sole manufacturing unit is located, exposing it to regional concentration risk (44.05% of FY2026 revenue).
SJP Ultrasonics IPO Details Live GMP
GMP
₹0
Est. Price
₹67
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 25 Sep | ₹0 (0%) | ₹67 |
SJP Ultrasonics IPO Peer Comparison
There are no comparable listed peers in India as per the company
SJP Ultrasonics IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 26.56 | 21.06 | 15.21 |
| Profit | 5.24 | 4.17 | 3.40 |
| Net Worth | 20.09 | 14.85 | 6.73 |
| Borrowings | 5.78 | 2.41 | 2.01 |
| Assets | 35.20 | 27.06 | 16.97 |
| NAV (₹) | 21.28 | 15.73 | 60.26 |
| EPS (₹) | 5.55 | 6.75 | 6.19 |
Key Performance Indicators (KPIs)
SJP Ultrasonics IPO Financial Statements
(Rs. in crores)
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Ops | 26.56 | 21.06 | 15.21 |
| Other Income | 0.08 | 0.10 | 0.01 |
| Total Income | 26.63 | 21.15 | 15.22 |
| Cost of Revenue | 12.87 | 8.07 | 7.63 |
| Changes in Inventories | -2.67 | -0.54 | -3.88 |
| Employee Expense | 5.24 | 4.83 | 4.12 |
| Finance Costs | 0.89 | 0.92 | 0.37 |
| Depreciation | 0.40 | 0.50 | 0.32 |
| Other Expenses | 2.85 | 1.86 | 1.91 |
| Total Expenses | 19.58 | 15.65 | 10.48 |
| Profit Before Tax | 7.06 | 5.50 | 4.74 |
| Tax Expense | 1.78 | 1.33 | 1.34 |
| Profit After Tax | 5.28 | 4.17 | 3.40 |
| EPS — Basic (₹) | 5.55 | 6.75 | 6.19 |
| EPS — Diluted (₹) | 5.55 | 6.75 | 6.19 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 9.44 | 9.44 | 1.10 |
| Reserves & Surplus | 10.65 | 5.41 | 5.63 |
| Total Equity | 20.09 | 14.85 | 6.73 |
| Total Borrowings | 5.78 | 2.41 | 2.01 |
| Trade Payables | 2.40 | 2.57 | 1.83 |
| Other Current Liabilities | 4.79 | 5.25 | 4.78 |
| Short-term Provisions | 1.81 | 1.70 | 1.42 |
| Other Liabilities | 0.33 | 0.29 | 0.19 |
| Total Equity & Liab | 35.20 | 27.06 | 16.97 |
| Fixed Assets | 1.65 | 1.65 | 1.57 |
| Inventories | 16.43 | 10.60 | 8.79 |
| Short-term Loans and Adv | 5.93 | 1.39 | 0.86 |
| Trade Receivables | 9.78 | 11.63 | 4.05 |
| Cash & Bank Balances | 0.48 | 1.03 | 1.08 |
| Other Assets | 0.93 | 0.76 | 0.62 |
| Total Assets | 35.20 | 27.06 | 16.97 |
| Particulars | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities | -2.70 | -2.88 | 0.15 |
| Cash Flow from Investing Activities | -0.34 | -0.59 | -0.02 |
| Cash Flow from Financing Activities | 2.48 | 3.42 | 0.10 |
| Net Change in Cash & Equivalents | -0.55 | -0.05 | 0.23 |
| Cash & Equivalents at End of Period | 0.48 | 1.03 | 1.08 |
Promoter Holding
Promoter
79.51%
Public
20.49%
Jignesh Pravinchandra Parekh
36.01%
Rupal Jignesh Parekh
34.71%
Parth Jignesh Parekh
2.91%
Parthvi Jignesh Parekh
5.83%
Jignesh Pravinchandra Parekh HUF
0.05%
Management
Jignesh Pravinchandra Parekh
Age: 49
Chairman & MD
Remuneration
₹Up to Rs.100 Lakhs p.a. (as approved by shareholders; FY2026 actual: Rs.18.00 Lakhs)
Education
Diploma in Plastic Engineering (Shri Bhagubhai Mafatlal Polytechnic)
Prior Experience
25+ years in manufacturing & development; heads joint ventures and sales & marketing divisions
Rupal Jignesh Parekh
Age: 47
Whole-Time Director
Remuneration
₹Up to Rs.100 Lakhs p.a. (as approved by shareholders; FY2026 actual: Rs.15.01 Lakhs)
Education
Diploma in Fashion Designing (IITC); Montessori Diploma (Association Montessori Internationale)
Prior Experience
12+ years with the Company; oversees HR and admin functions
Chirag Natvarlal Barot
Age: 29
CFO
Remuneration
₹Rs.10.44 Lakhs p.a. (FY2026 actual remuneration)
Education
B.Com (University of Mumbai)
Prior Experience
9+ years in accounting & finance; earlier at Ashnam Retail Pvt Ltd and NJ Trading Co.
Registrar & Lead Managers
Registrar
Maashitla Securities
Lead Managers (1)
Company Details
Name: SJP Ultrasonics Limited
Address: 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.
Number: +91 777 0010869
Email: cs@sjpultrasonics.in
Website: https://sjpultrasonics.in
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Frequently Asked Questions (FAQs)
What is SJP Ultrasonics IPO?
SJP Ultrasonics IPO is a SME IPO having an issue size of
₹23 Crs.
SJP Ultrasonics IPO is priced at
₹67 - ₹67 per
share.
The
issue opens on 30 Sep 26
and
closes on 05 Oct 26.
When will SJP Ultrasonics IPO open?
SJP Ultrasonics IPO opens on
30 Sep 26 and closes on
05 Oct 26.
What is the GMP of SJP Ultrasonics IPO?
The estimated Grey Market Premium of SJP Ultrasonics IPO is
₹0 per share (0.00%).
What is the lot size of SJP Ultrasonics IPO?
The minimum lot size of SJP Ultrasonics IPO is
2000 shares & the minimum application amount
is
Rs.
134000.
When is the allotment of SJP Ultrasonics IPO?
The allotment date of SJP Ultrasonics IPO is
06 Oct 26.
What is the listing date of SJP Ultrasonics IPO?
The listing date of SJP Ultrasonics IPO is
08 Oct 26.
What is the subscription of SJP Ultrasonics IPO?
SJP Ultrasonics IPO is subscribed
-.
What is the price band of SJP Ultrasonics IPO?
SJP Ultrasonics IPO is priced at
₹67 - ₹67 per
share.
How to check allotment status of SJP Ultrasonics IPO?
Click the allotment link on SJP Ultrasonics IPO page of IPO360.
How to apply SJP Ultrasonics IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply SJP Ultrasonics IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply SJP Ultrasonics IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select SJP Ultrasonics IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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