SJP Ultrasonic Shares List at ₹74.20 on BSE SME, a 10.75% Premium 

SJP Ultrasonic shares made their stock market debut on October 8, 2026, listing at ₹74.20 per share on BSE SME compared with the IPO issue price of ₹67 per share. This represented a listing premium of 10.75%, or ₹7.20 per share above the issue price. 

The listing followed the company's IPO, which was open from September 30 to October 5, 2026. The ₹23.45 crore issue comprised entirely a fresh issue of 35 lakh equity shares, with a fixed issue price of ₹67 per share. 

SJP Ultrasonic manufactures plastic joining and automation solutions used across industrial applications. Its product portfolio includes ultrasonic welding machines, industrial automation equipment, laser technology solutions and related manufacturing systems.  

SJP Ultrasonic IPO Listing Details 

The IPO was a ₹23.45 crore fixed-price issue comprising entirely a fresh issue of 35 lakh equity shares. There was no offer-for-sale component. 

The issue received an overall subscription of 1.82 times. The NII category recorded 1.86 times subscription, while Individual Investors subscribed 1.00 time, according to the supplied IPO listing report. 

• Issue Price: ₹67 per share 
• BSE SME Listing Price: ₹74.20 per share 
• Listing Premium: 10.75% 
• Change From Issue Price at Listing: +10.75% 
• Overall Subscription: 1.82 times 
• Fresh Issue: ₹23.45 crore 
• Offer for Sale: Nil 
• Issue Type: Fixed-price IPO 
• Issue Price: ₹67 per share 
• Face Value: ₹10 per share 
• IPO Open Date: September 30, 2026 
• IPO Close Date: October 5, 2026 
• Allotment Date: October 6, 2026 
• Listing Date: October 8, 2026 
• Exchange: BSE SME 

First-Day Trading Performance 

Listing Price: SJP Ultrasonic share price listed at ₹74.20 on BSE SME against the ₹67 issue price, translating into a premium of 10.75%. The listing price was ₹7.20 higher than the IPO price. 

Post-listing Price: The confirmed opening price was ₹74.20 per share on October 8, 2026. A subsequent trading-price snapshot was not provided in the available listing report, so the movement after the opening price has not been established. 

Subscription Context: The IPO received 1.82 times overall subscription, with NIIs subscribing 1.86 times and Individual Investors recording 1.00 time subscription. 

The ₹23.45 crore issue comprised 35 lakh fresh equity shares at ₹67 per share, with no offer-for-sale component. 

Growth Drivers and Challenges 

Growth Drivers 

Ultrasonic Welding Technology: SJP Ultrasonic manufactures ultrasonic welding equipment used for plastic joining applications across different industrial sectors. 

Industrial Automation Solutions: The company's product portfolio includes industrial automation systems, providing exposure to manufacturing processes that require automated production and joining technologies. 

Diverse Industry Applications: Its products serve industries including medical, electronics, textile, FMCG, toys, gift and stationery, food and packaging, defence and educational institutions. 

Business-to-Business Model: The company operates through a B2B model, supplying products and services to manufacturers across various industries. 

Manufacturing Expansion: The company plans to enhance its manufacturing capabilities through the purchase of additional machinery and equipment. 

Challenges 

Industrial Capital Expenditure: Demand for manufacturing machinery and automation equipment can depend on capital expenditure decisions by industrial customers. 

Technology Changes: Developments in welding technology, industrial automation and manufacturing processes may require continued investment in product development. 

Competition: The company operates in an industrial equipment market where product capabilities, pricing, service quality and technical support influence customer decisions. 

Machinery Investment: The company's expansion plans involve purchasing additional equipment, creating execution and capital allocation requirements. 

Customer Industry Exposure: Changes in production activity across customer industries may influence demand for the company's equipment and services. 

Utilisation of IPO Proceeds 

The ₹23.45 crore IPO comprised entirely a fresh issue of 35 lakh equity shares, with no offer-for-sale component. 

The fresh issue proceeds are intended for: 

• Funding capital expenditure towards the purchase of machinery. 
• Funding the company's working capital requirements. 
• General corporate purposes. 
• Meeting applicable issue-related expenses. 

The company's planned machinery purchases are intended to support manufacturing capabilities and production requirements. 

Business and IPO Overview 

SJP Ultrasonic was established in 2012 and provides plastic joining and automation solutions for industrial customers. Its business includes ultrasonic welding equipment, industrial automation and laser technology solutions. 

The company's product portfolio includes ultrasonic welding machines, electric and electronic systems, laser technology equipment and industrial automation products. It serves customers across medical, electronics, textile, FMCG, toys, gift and stationery, food and packaging, defence and education-related sectors. 

SJP Ultrasonic operates through a B2B business model, supplying products and services to manufacturers. Its manufacturing facility is located in Maharashtra, and the company has identified additional machinery purchases as part of its expansion plans. 

The company raised ₹23.45 crore through a fixed-price IPO at ₹67 per equity share. The issue comprised 35 lakh fresh equity shares and received 1.82 times overall subscription.