1,010 Views| 11 Oct 2026
SJP Ultrasonics IPO Details
Issue Date
30 Sep - 5 Oct'26
Price Band
₹67
Lot Size
2000 Shares
IPO Size
₹23 Cr
Listing At
BSE
Overall Subscription
1.74x
SJP Ultrasonics IPO Listing Details
Listing On
8 Oct'26
Issue Price
--
Listed Price
₹ 74.2
Retail Gain/Listing Gain
10.75%Increase
Schedule of SJP Ultrasonics IPO
IPO Open Date
30/09/2026
IPO Close Date
05/10/2026
Basis of Allotment
06/10/2026
Refund Initiation
07/10/2026
Credit of Shares
07/10/2026
Listing on exchange
08/10/2026
SJP Ultrasonics IPO Subscription Status Live
(Last updated on 05 Oct 2026 03:45 PM)
Day | Total | QIB | Retail | NII |
|---|---|---|---|---|
Day 1 30-Sep-2026 | 0.39x | 0x | 0x | 0x |
Day 2 01-Oct-2026 | 0.56x | 0x | 0x | 0x |
Day 3 05-Oct-2026 | 1.66x | 0x | 0x | 0x |
About SJP Ultrasonics IPO
SJP Ultrasonics IPO, an SME IPO, opens on Wednesday, September 30, 2026 and closes on Monday, October 5, 2026. The allotment of shares will take place onTuesday, October 6, 2026. The listing of shares will take place on Thursday, October 8, 2026. The equity shares offered through the IPO are proposed to be listed on the BSE SME platform.
The offer consists of a fresh issue component. The fresh issue will include 0.35 crore shares of ₹23.45 crore. The total number of shares and aggregate amount are 35,00,000 shares aggregating up to ₹23 crore.
SJP Ultrasonics IPO’s issue price is set at ₹67 per share. The lot size for an application is 2,000 shares. The minimum amount of investment required by a retail individual investor is ₹2,68,000 (4,000 shares) based on the upper price.
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
- Funding capital expenditure towards the purchase of machineries.
- Funding working capital requirements of the company.
- General Corporate Purpose.
SJP Ultrasonics IPO Valuation
Detail | Information |
|---|---|
Issue Price | ₹67 per share |
Reserved for Market Maker | 1,76,000 shares (aggregating up to ₹1 crore) |
Fresh Issue (Ex Market Maker) | 33,24,000 shares (aggregating up to ₹22 crore) |
Net Offered to Public | 33,24,000 shares (aggregating up to ₹22 crore) |
Offer for Sale | —- |
EPS Diluted (in ₹) for FY26 | 5.55 |
Share Offer and Subscription Details
Investor Category | Shares Offered |
|---|---|
QIBs | – |
Non-institutional Investors (NIIs) | 50% of the net offer |
Retail-individual Investors (RIIs) | 50% of the net offer |
IPO Lot Size
Application | Lots | Shares | Amount |
|---|---|---|---|
Individual investors (INDl) (Min) | 2 | 4000 | ₹2,68,000 |
Individual investors (INDl) (Max) | 2 | 4000 | ₹2,68,000 |
HNI (Min) | 3 | 6000 | ₹4,02,000 |
Industry Outlook
India’s industrial automation solutions industry was projected to grow from USD 1750 crore in FY 2025 to USD 2943 crore 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 is 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 including Plastic joining solutions, Industrial automation and 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.
SJP Ultrasonics Financials
Parameter | FY24 | FY25 | FY26 |
|---|---|---|---|
Revenue from Operations | 15.21 | 21.06 | 26.56 |
Total Equity and Liabilities | 16.97 | 27.06 | 35.2 |
Return on Net Worth (%) | 51.33 | 28.1 | 26.1 |
Note: Values in ₹ crores
Comparison with Peers
Company Name | Revenue from Operations (Cr) | EPS (Diluted) (₹) | NAV per share (₹) |
|---|---|---|---|
SJP Ultrasonics | 21.06 | 6.75 | 15.73 |
Rinco Ultrasonics India Private Limited | 12.21 | 75.56 | 597.93 |
Unique Circle Automation Private Limited | 26.28 | 7,510.27 | 33,518.49 |
IPO Registrar and Book Running Lead Managers
Registrar Details
Maashitla Securities Private Limited
Email: investor.ipo@maashitla.com
Tel: 011-45121795
Book Running Lead Manager
Khandwala Securities Limited
SJP Ultrasonics Contact Details
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
Email: cs@sjpultrasonics.in
Phone: +91 777 0010869
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 FY26 was ₹26.63 crore, whereas in FY25 and FY24 it was ₹21.15 crore and ₹15.22 crore, respectively.
The Profit After Tax for FY26 was ₹5.24 crore, whereas in FY25 and FY24 it was ₹4.17 crore and ₹3.40 crore, respectively.
Their EBITDA for FY26 was ₹8.24 crore, whereas in FY25 and FY24 it was ₹6.84 crore and ₹5.41 crore, 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 2026, the company’s Total Income, Profit After Tax, and EBITDA were ₹26.63 crore, ₹5.24 crore, and ₹8.24 crore, respectively.
SJP Ultrasonics Profit and Loss Statement (in ₹ crore)
Parameter | FY 26 | FY 25 | FY 24 |
|---|---|---|---|
Total Income | 26.63 | 21.15 | 15.22 |
Profit Before Tax | 7.02 | 5.50 | 4.74 |
Profit After Tax | 5.24 | 4.17 | 3.40 |
EPS (Diluted) ₹ | 5.55 | 6.75 | 6.19 |
EBITDA | 8.24 | 6.84 | 5.41 |
SJP Ultrasonics Balance Sheet (in ₹ crores)
Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit Before Tax | 5.505 | 4.742 | 2.146 |
Net Cash from Operating Activities | (2.887) | 0.149 | (0.842) |
Net Cash from Investing Activities | (0.5890 | (0.018) | 0.126 |
Net Cash from Financing Activities | 3.428 | 0.099 | (0.198) |
Cash & Cash Equivalents | 1.031 | 1.079 | 0.848 |
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 30-09-2026 to 05-10-2026, with a total issue size of ₹23 Cr. The IPO price band is ₹67 to ₹0 per share with a lot size of 4000. The company aims to list the shares on BSE & NSE on 08-10-2026.
The SJP Ultrasonics IPO will open for subscription on 30-09-2026 and will close on 05-10-2026 for investors.
The lot size of SJP Ultrasonics IPO is 4000 equity shares, requiring a minimum investment of ₹134000/2 Lots for retail investors applying in the IPO.
The price band of the SJP Ultrasonics IPO has been fixed at ₹67 to ₹0 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 06-10-2026.
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 08-10-2026.
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.
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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.
