SJP ULTRASONICS LIMITED IPO
Open now30 Sep – 5 Oct 2026
What stands out in the offer document
The five questions
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1How it makes money₹50 of every ₹100 of sales comes from its "Industrial Automation" segment. ₹86 of every ₹100 comes from Domestic.
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2Is it growing, and is profit turning into cash?Sales rose 75% from 2024 to 2026 (₹15.2 cr → ₹26.6 cr). Over 3 years it made ₹12.8 cr of profit and brought in −₹5.4 cr of cash from operations.
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3How much cushion does it have?It owes ₹0.29 for every ₹1 of its own money. The line for manufacturing is ₹2.
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4What you pay, and who gets the moneyAll the money raised goes to the company. At ₹67 you pay about ₹12 for every ₹1 of last year's profit.
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5Who controls it, and what is on record?Promoters own 80% now and 58% after the IPO. The document discloses 3 legal matters.
Latest update:
Price band ₹67 · Closes 5 Oct 2026 · Allotment 6 Oct 2026 (Expected) · Lists 8 Oct 2026 (Expected)
What SJP ULTRASONICS LIMITED does
We are an end-to-end plastic joining and automation solution providers, offering specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging, Defence & Educational Institutes.
SJP ULTRASONICS LIMITED financials
Rs crore · AnnualLatest year highlighted in green. Sparklines show the trend.
| 2024 | 2025 | 2026 | ||
|---|---|---|---|---|
| Sales | 15 | 21 | 27 | |
| Operating Profit | 5 | 7 | 8 | |
| OPM % | 35.6% | 32.5% | 31.0% | |
| Net Profit | 3 | 4 | 5 | |
| Total Debt | 2 | 2 | 6 |
SJP ULTRASONICS LIMITED IPO offer structure
Fresh issue: ₹23 cr
The offer-for-sale component is not stated in what we extracted from the offer document, so the full issue size and the split between the two are unknown. This figure is the fresh issue alone, not the total raise. Fresh issue proceeds go to the company; OFS proceeds go to selling shareholders.
Use of proceeds- Funding Capital Expenditure towards the Purchase of Machineries: ₹13 cr
- Funding working capital requirements of the Company: ₹5 cr
- General Corporate Purpose: ₹3 cr
SJP ULTRASONICS LIMITED promoters and holding
- Jignesh Pravinchandra Parekh: Chairman and Managing Director
- Rupal Jignesh Parekh: Whole-time Director
- Parth Jignesh Parekh: Promoter
- Parthvi Jignesh Parekh: Promoter
- Jignesh Pravinchandra Parekh HUF: Corporate Promoter
SJP ULTRASONICS LIMITED strengths and risks
Company-stated strengths and disclosed risk factors from the offer document.
- start to finish plastic welding solution provider offering diverse and comprehensive service offerings (p.145)
- Long standing relations with raw material and equipment suppliers (p.145)
- Long-standing relationships with established customers, with potential to expand our customer base (p.145)
- diverse range of specialised plastic products across varied industry segments (p.145)
- Quality Standard Certifications & Quality Tests (p.145)
- We derive a significant portion of our revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation. (p.18)
- Our Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15, 2024. (p.18)
- Our Company was not registered under the Employees State Insurance Act, 1948 until June 15, 2024. (p.18)
- High Level of Trade Receivables May Adversely Affect Our Liquidity and Cash Flows. (p.19)
- There have been instances of delays in filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to RoC. (p.19)
SJP ULTRASONICS LIMITED peer comparison
DRHP data only| Company | CMP | P/E | OPM% | ROE% | Source |
|---|---|---|---|---|---|
| Rinco Ultrasonics India Private Limited | — | — | — | — | DRHP |
| Unique Circle Automation Private Limited | — | — | — | — | DRHP |
P/E from offer document where live data unavailable. Not a fair-value judgement.
SJP ULTRASONICS LIMITED market and competition
Our Company operates in a specialised segment offering customised solutions that differ significantly in nature, scale, and operational structure from companies operating in broader industry categories. Due to the niche characteristics of our business model and service offerings, there are no directly comparable companies that reflect similar operational, financial, and working capital dynamics.
SJP ULTRASONICS LIMITED outlook, as the document states it
Our Company is proposing to expand its business operations globally by exporting our products and services in United States of America, Europe, Africa & Middle East. We also intend to expand our presence in India by establishing offices / demo centres to create a local presence in the States where our customers operate.
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SJP ULTRASONICS LIMITED IPO: common questions
When does the SJP ULTRASONICS LIMITED IPO open and close?
The SJP ULTRASONICS LIMITED IPO is open from 30 Sep 2026 to 5 Oct 2026.
What is the SJP ULTRASONICS LIMITED IPO price band?
The price band is ₹67 per share.
What is the lot size and minimum investment for the SJP ULTRASONICS LIMITED IPO?
One lot is 2000 shares, and a retail application must be at least one lot. That is about ₹2,68,000 at the upper end of the band. An HNI application starts above Rs 2 lakh, so the minimum is higher for that category.
When are the SJP ULTRASONICS LIMITED IPO allotment and listing dates?
Not published yet. Derived from the close date on the usual timetable: allotment around 6 Oct 2026, refund/unblock around 7 Oct 2026 and listing around 8 Oct 2026. Treat these as estimates until the exchange confirms them.
How do I apply for the SJP ULTRASONICS LIMITED IPO?
Through any broker app or your bank's net banking, using a demat account and a PAN. You bid in lots at a price inside the band, or at cut-off. The money is blocked in your account, not debited, until allotment. One application per PAN. We do not recommend brokers and carry no broker links. How to apply, start to finish →
Sources & method
Subscription and issue data come from the NSE and BSE exchange feeds, with the third-party aggregator, clearly labelled, where an exchange feed is unreachable. DRHP analysis is extracted from the offer document itself, every figure cited to its page. Each figure on the page carries its source and its timestamp.
Grey-market premium (GMP) is unregulated.
Every GMP figure is a self-reported grey-market estimate. No exchange, regulator or clearing body records or audits it, and there is no settlement guarantee or recourse. Shown for context only; never decide on GMP alone. New to GMP? The 30-second explainer → Has GMP actually been right? →
How often do these actually open above the issue price?
Of the 712 SME IPOs that have listed on the NSE since 2016, 564 (79%) opened above their issue price, at a median of +11%. That is the segment's own record, not a forecast for this issue.