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SJP Ultrasonics IPO

SJP Ultrasonics IPO

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SJP Ultrasonics IPO Details

RHP/DRHP

Issue Date

--

Price Range

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Lot Size

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IPO Size

N/A

Schedule of SJP Ultrasonics IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

About SJP Ultrasonics IPO

The SJP Ultrasonics IPO opens on TBA and closes on TBA. The allotment of shares will take place on TBA. The credit of shares to the demat account will take place on TBA. The initiation of refunds will take place on TBA. The listing of shares will take place on TBA.

The IPO of SJP Ultrasonics consists of a fresh issue. The fresh issue will include up to 35,00,000 equity shares aggregating up to ₹ [TBA] crores. The total number of shares will include up to 35,00,000 equity shares and the aggregate amount is yet to be finalised.

SJP Ultrasonics IPO’s price band is set at TBA to TBA per share. The lot size for an application is TBA. The minimum amount of investment required by a retail investor is ₹TBA (TBA shares) (based on upper price). The minimum lot size investment for HNI is TBA.

SJP Ultrasonic is an end-to-end plastic joining and automation solution provider, 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.

Objectives of SJP Ultrasonics IPO

TBA

SJP Ultrasonics IPO Valuation

Share Offer and Subscription Details

SJP Ultrasonics IPO Lot Size

Industry Outlook

India’s industrial automation solutions industry is projected to grow from USD 1750 crores in FY 2025 to USD 2943 crores by FY 2029, registering a strong CAGR of 13.88%. This robust growth reflects the accelerating adoption of automation technologies across manufacturing and infrastructure sectors, driven by digital transformation, rising demand for productivity, and increasing integration of smart systems.

About SJP Ultrasonics

SJP Ultrasonics was incorporated on January 27, 2012 as ‘SJP Ultrasonics Private Limited’. They 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. Their expertise lies in technical innovation by manufacturing machinery, tools and automated processes for their customers, offering targeted solutions in various industries. Owing to their customised offerings, the company has curated the following major revenue streams and business segments:

  1. Plastic joining solutions
  2. Industrial automation
  3. Laser technology solutions

Strengths of SJP Ultrasonics

  • Deep industry experience.
  • Comprehensive in-house capabilities.
  • Strong workforce.
  • International quality and certifications.

Risks of SJP Ultrasonics

  • They derive a significant portion of revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation.
  • A significant portion of their revenue is generated from their limited number of large customers.
  • They do not have contractual agreements with suppliers for their raw materials and equipment suppliers.
  • Increase in the prices of raw materials and fluctuations may adversely impact their business.
  • Failure to adapt to technological developments or industry trends could affect the performance and features of their products and services.
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Comparison with Peers

*To be updated after finalization of the Issue Price.
^Not applicable Source: All the financial information for SJP Ultrasonic mentioned above is on a basis sourced from the Restated Financial Information. All the financial information for unlisted industry peers mentioned above is sourced from the annual report of the relevant company for Fiscal 2024, as available on the websites of MCA.

Anchor Investor Bidding Date

TBA

  • Registrar: Maashitla Securities Private Limited
  • Book Running Lead Managers: Khandwala Securities Limited

SJP Ultrasonics Business Model

The company earns its revenue as an end-to-end plastic joining and automation solution provider, offering specialised solutions.

SJP Ultrasonics Growth Trajectory

SJP Ultrasonics’s Total Income for FY25 was ₹21.155 crores, whereas in FY24 and FY23 it was ₹15.224 crores and ₹11.530 crores, respectively.

The Profit After Tax for FY25 was ₹4.172 crores, whereas in FY24 and FY23 it was ₹3.402 crores and ₹1.413 crores, respectively.

Their EBITDA for FY25 was ₹6.837 crores, whereas in FY24 and FY23 it was ₹5.415 crores and ₹2.706 crores, respectively .

SJP Ultrasonics Market Position

The company has also expanded its geographical presence by setting up offices/ demo centres in Vasai and Pune; Maharashtra, Gurgaon, Haryana; Chennai, Tamil Nadu and Pune, Maharashtra.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹21.155 crores, ₹4.172 crores, and ₹6.837 crores, respectively.

SJP Ultrasonics Profit and Loss Statement (in ₹ crores)

SJP Ultrasonics Balance Sheet (in ₹ crores)

Note: () denotes negative

How to apply for SJP Ultrasonics IPO?

  • Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
  • Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
  • Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
  • Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
  • Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.

SJP Ultrasonics IPO FAQs

The SJP Ultrasonics IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The SJP Ultrasonics IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the SJP Ultrasonics IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the SJP Ultrasonics IPO has been fixed at ₹[-] per equity share.

You can apply for the SJP Ultrasonics IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

SJP Ultrasonics IPO allotment will take place on [-].

You can check the SJP Ultrasonics IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

SJP Ultrasonics shares will list on the stock exchanges on [-].

You can find detailed information about the SJP Ultrasonics IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).

Jignesh Pravinchandra Parekh is the Chairman and Managing Director of SJP Ultrasonics.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their own research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in securities market are subject to market risks, read all the related documents carefully before investing. Brokerage will not exceed SEBI prescribed limit. The securities are quoted as an example and not as a recommendation. SEBI Registration No-INZ000200137 Member Id NSE-08081; BSE-673; MSE-1024, MCX-56285, NCDEX-1262.

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