SME
IPO ·
BSE SME
SJP Ultrasonics Ltd
Listed
Provides ultrasonic plastic-joining and automation equipment, mainly to auto-component makers.
Issue details
Price band
₹67
Face value
₹10
Lot size
2,000 shares
Minimum investment
₹2,68,000
Issue size
₹23.45 Cr
Fresh issue
₹23.45 Cr
Offer for sale
—
Issue type
Fixed Price
Exchange
BSE SME
Key dates
Opens
30 Sep 2026
Closes
5 Oct 2026
UPI mandate cut-off
5:00 PM on 5 Oct 2026
Allotment
6 Oct 2026
Refunds
7 Oct 2026
Shares in demat
7 Oct 2026
Listing
8 Oct 2026
Subscription and listing
Subscription
1.82x
Listing price
₹74.20
Registrar
Maashitla Securities Pvt Ltd
Lead manager
Khandwala Securities Ltd
Subscription by category
NII *
1.86x
Individual Investor
1.00x
Total
1.82x
Total applications
557
Listing day
Issue price
₹67
Open
₹74.20
High
₹77.91
Low
₹73.00
Day close
₹73.01
Listing gain at open
+10.75%
Issue structure
Shares reserved per category and share of the total issue
NII
16,62,000
47.49%
Retail
16,62,000
47.49%
Market Maker
1,76,000
5.03%
Total
35,00,000
100.00%
Finaccle’s quick read
Apply
Income and PAT both grew 26% in FY26 with a PAT margin of 19.81%, ROE of 38.86%, debt/equity of 0.16 and a post-issue P/E of 16.54 on an all-fresh issue.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
SJP Ultrasonics supplies plastic joining (ultrasonic welding), industrial automation and laser technology solutions, mainly to the automotive sector and also to medical, electrical, electronics, FMCG, packaging and defence customers. It sells B2B from a manufacturing unit in Vasai East, Palghar, Maharashtra. The company had 84 employees and total income of about ₹26.6 Cr in FY26.
Founded
Promoters
Products and segments
Promoter holding
Financial performance
Period
PAT
ROE
38.86%
ROCE
50.80%
Debt / equity
0.16
PAT margin
19.81%
P/E post issue
16.54
Market cap
₹86.70 Cr
Use of IPO money
Capital expenditure for machinery
₹13.22 Cr
Working capital
₹4.92 Cr
General corporate purposes
₹3.05 Cr
Issue expenses
₹3.16 Cr
Strengths
✓
Steady growth: income and PAT both up 26% in FY26
✓
Healthy PAT margin near 20%
✓
Very low debt with debt/equity of 0.16
✓
Entirely fresh issue funding machinery capex
Risks to watch
!
Small revenue base of about ₹27 Cr
!
Heavy dependence on the automotive sector
!
Borrowings more than doubled in FY26
!
Weak retail demand at 1.00x subscription
Planning to take your own company public?
Every listing on this page started with a growing business that got its numbers, governance and paperwork ready for investors. If you are a promoter weighing an SME or main board IPO, we can tell you where you stand and what it will take.
Talk to our IPO Advisory team for readiness planning, or our IPO Consultancy team to run the listing end to end.
Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.