SJP Ultrasonic IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| NII | 1.86x |
| Retail (RII) | 1x |
| Total | 1.82x |
Bidding day 6 · final figures at close of bidding: 8 Oct 2026, 6:30 pm IST
IPO Details
- Open Date
- 30 Sept 2026
- Close Date
- 5 Oct 2026
- Listing Date
- 8 Oct 2026
- Face Value
- ₹10
- Fresh Issue
- ₹22.27 Cr
- OFS
- ₹0 Cr
- Listing On
- BSE
- Registrar
- Maashitla Securities
The fresh issue is money for the company; the OFS goes to selling shareholders. Fresh issue vs offer for sale, explained
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 4,000 | ₹2,68,000 |
| HNI (Min) | 3 | 6,000 | ₹4,02,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| NII | 16,62,000 | 50% |
| Retail | 16,62,000 | 50% |
| Total | 33,24,000 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 15.22 | 3.4 | 5.43 | 6.73 | 16.97 | 2.01 | — |
| FY 2025 | 21.15 | 4.17 | 6.93 | 14.85 | 27.06 | 2.41 | 5.55 |
| FY 2026 | 26.63 | 5.24 | 8.32 | 20.09 | 35.2 | 5.78 | — |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 12.07x
- P/E (post-issue)
- 16.54x
- RoNW
- 28.1%
- RoE
- 38.86%
- RoCE
- 50.8%
- Debt / Equity
- 0.16
- EPS (pre-issue)
- ₹5.55
- EPS (post-issue)
- ₹4.05
- EBITDA Margin
- 32.47%
- PAT Margin
- 19.81%
- P/BV
- 4.26x
- NAV / share
- ₹15.73
- Market Cap
- ₹86.7 Cr
As of 31 Mar 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding Capital Expenditure towards the Purchase of Machineries | ₹13.22 Cr |
| Funding working capital requirements of the Company | ₹4.92 Cr |
| General Corporate Purposes | ₹3.05 Cr |
| Issue Expenses | ₹3.16 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Fees payable to the LM | ₹0.23 Cr |
| Fees payable to the Underwriter | ₹0.47 Cr |
| Fees payable to Market Maker | ₹0.09 Cr |
| Fees payable to Registrar to the Issue | ₹0.02 Cr |
| Fees payable to Auditor, Legal Advisors and Other Advisor | ₹0.18 Cr |
| Fees Payable for Marketing and Advertsing Expenses | ₹0.27 Cr |
| Fees Payable to Regulators including Stock Exchanges | ₹0.1 Cr |
| Fees payable to Printing and Districution of Issue Stationery | ₹0.02 Cr |
| Brokerage Selling Commission and Upload Fees | ₹0.89 Cr |
| Processing and Uploading fees to SCSB (10 per application) | ₹0.01 Cr |
| Selling Commission to SCSB and other Intermediaries | ₹0 Cr |
| Selling Commission to Registred Brokers | ₹0 Cr |
| Sponsor Bank | ₹0 Cr |
| Distribution & Issue Management Expenses | ₹0.88 Cr |
Promoters & Shareholding
Promoters: <p>Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, Jignesh Pravinchandra Parekh (HUF)</p>
- Holding (pre-issue)
- 79.51%
- Holding (post-issue)
- 58%
- Dilution
- 21.51%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| SJP Ultrasonic | 6.75 | 15.73 | 12.07x | 28.1% | Restated |
| Rinco Ultrasonics India Private Limited | 75.56 | 597.93 | — | 12.64% | — |
| Unique Circle Automation Private Limited | 7,510.27 | 33,518.49 | — | 22.41% | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the SJP Ultrasonic IPO
The SJP Ultrasonic SME IPO opens for subscription on 30 Sept 2026 and closes on 5 Oct 2026, offered at an issue price of ₹67 per share, and is set to list on BSE. In total, the issue aims to mobilise ₹23.45 crore. Retail investors bid in lots of 2000 shares, a minimum application of ₹2,68,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹22.27 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure towards the purchase of machineries (₹13.22 crore), alongside funding working capital requirements of the company (₹4.92 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2026, SJP Ultrasonic reported revenue of ₹26.63 crore and a net profit of ₹5.24 crore. Revenue grew from ₹15.22 crore in FY2024 to ₹26.63 crore in FY2026 (+75.0%). Net worth stood at ₹20.09 crore at the end of FY2026.
Valuation
At the upper band, the issue is priced at 16.54× post-issue earnings and 4.26× book value, against a return on net worth of 28.1% and a debt-to-equity ratio of 0.16. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, Jignesh Pravinchandra Parekh (HUF)</p>. Promoter holding stands at 79.51% before the issue and comes down to 58% after listing.
Grey market premium (GMP)
In the unofficial grey market, SJP Ultrasonic shares are quoted at a premium of ₹0 implying an expected listing around ₹67, about +0.0% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The SJP Ultrasonic IPO was subscribed 1.82 times overall. The strongest demand came from non-institutional investors (NII) at 1.86 times, with retail investors at 1×.
Listing performance
SJP Ultrasonic listed on 8 Oct 2026 at ₹74.2, a premium of +10.8% over the issue price of ₹67.
What to weigh
When evaluating the SJP Ultrasonic IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About SJP Ultrasonic
Incorporated on January 27, 2012, SJP Ultrasonic Ltd. is engaged in the end-to-end plastic joining and automation solution providers. The company offers specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging, Defence & Educational Institutes. Business Segments: Plastic joining solutions Industrial automation Laser technology solutions The sale of the products and services is majorly made to manufacturers engaged in various industries, which makes model business to business (B2B) in nature. Competitive Strengths: A start to finish plastic welding solution provider offering diverse and comprehensive service offerings. Long standing relations with raw material and equipment suppliers Long-standing relationships with established customers, with potential to expand the customer base. They provide a diverse range of specialised plastic products across varied industry segments Quality Standard Certifications & Quality Tests
SJP Ultrasonic — Contact Details
- Registered office
- 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
- Phone
- +91 777 0010869
- cs@sjpultrasonics.in
- Website
- www.sjpultrasonics.in/
- Registrar (IPO queries)
- investor.ipo@maashitla.com
Frequently asked questions
- What is the SJP Ultrasonic IPO price band?
- The SJP Ultrasonic IPO price band is ₹67 per share, with a lot size of 2000 shares.
- What was the SJP Ultrasonic IPO GMP before listing?
- The final grey market premium recorded before the SJP Ultrasonic IPO listed was ₹0. The IPO listed on 8 Oct 2026 at ₹74.2, +10.8% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the SJP Ultrasonic IPO open and close?
- The SJP Ultrasonic IPO opens on 30 Sept 2026 and closes on 5 Oct 2026.
- When is the SJP Ultrasonic IPO allotment and listing date?
- Allotment is expected on 6 Oct 2026. The shares are scheduled to list on 8 Oct 2026 on BSE.
- How many times was the SJP Ultrasonic IPO subscribed?
- The SJP Ultrasonic IPO was subscribed 1.82 times in total across all investor categories.
- What is the reservation split in the SJP Ultrasonic IPO?
- Of the total shares offered, retail investors get 50%, non-institutional investors 50%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of SJP Ultrasonic and what is their holding?
- The promoters are <p>Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, Jignesh Pravinchandra Parekh (HUF)</p>. Promoter holding is 79.51% before the issue and 58% after listing.
- What is the P/E ratio of the SJP Ultrasonic IPO?
- At the upper price band, the SJP Ultrasonic IPO is valued at 12.07× pre-issue earnings and 16.54× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the SJP Ultrasonic IPO?
- The net proceeds go primarily toward funding capital expenditure towards the purchase of machineries, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the SJP Ultrasonic IPO?
- The book-running lead manager is Khandwala Securities Ltd.. Maashitla Securities is the registrar to the issue.
- Is SJP Ultrasonic a Mainboard or SME IPO?
- SJP Ultrasonic is an SME IPO, listing on BSE (SME platform).