SJP Ultrasonics IPO
SJP Ultrasonics IPO Details
-
Open Date
30 Sep 2026
-
Close Date
05 Oct 2026
- IPO Price Range
₹ 67
- IPO Size
₹ 23.45 Cr
SJP Ultrasonics IPO Timeline
Last Updated: 25 September 2026 3:55 PM by 5paisa
SJP Ultrasonics Limited provides end-to-end plastic joining and industrial automation solutions. The company designs, manufactures and supplies machinery, tools and automated processes for customers across sectors including automotive, medical, electrical and electronics, textiles, FMCG, toys, gift and stationery, food and packaging, defence and educational institutions.
Its operations are divided into three principal business segments: plastic joining solutions, industrial automation and laser technology solutions. The company provides services across the project lifecycle, including design and engineering, equipment supply, testing, installation, commissioning and maintenance.
Plastic joining is currently its largest business segment. In FY25, plastic joining solutions accounted for around 74.43% of revenue from operations, industrial automation contributed 24.53%, while laser technology solutions accounted for 1.04%.
Established in: 2012
Managing Director: Jignesh Pravinchandra Parekh
Peers:
The company has stated that it does not have any comparable listed peers on the stock exchanges.
SJP Ultrasonics Objectives
1. Funding capital expenditure towards the purchase of machinery
2. Funding working capital requirements of the company
3. General corporate purposes
The company proposes to allocate up to ₹11.12 crore towards machinery purchases and up to ₹4.92 crore towards working capital requirements.
The planned machinery includes milling machines, CNC lathe and turning machines, compressors, CNC bandsaw machines, overhead cranes, six-axis robots, laser cutting equipment, software, CMM machines, vibration welders and laser plastic welders.
SJP Ultrasonics IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹23.45 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹23.45 Cr |
SJP Ultrasonics IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Individual Investors (IND) (Min) | 2 | 4,000 | ₹2,68,000 |
| Individual Investors (IND) (Max) | 2 | 4,000 | ₹2,68,000 |
| HNI (Min) | 3 | 6,000 | ₹4,02,000 |
| S-HNI - Max | 7 | 14,000 | ₹9,38,000 |
| B-HNI - Min | 8 | 16,000 | ₹10,72,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 11.45 | 15.21 | 21.06 |
| EBITDA | 2.71 | 5.42 | 6.84 |
| PAT | 1.41 | 3.40 | 4.17 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 12.77 | 16.97 | 27.06 |
| Share Capital | 1.10 | 1.10 | 9.44 |
| Total Liabilities | 12.77 | 16.97 | 27.06 |
| Particulars (In ₹Crores.) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -0.84 | 0.15 | -2.89 |
| Net Cash Generated From / (used in) Investing Activities | 0.13 | -0.02 | -0.59 |
| Net Cash Generated From / (used in) Financing Activities | -0.20 | 0.10 | 3.43 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.85 | 1.08 | 1.03 |
Strengths
1. The company provides end-to-end plastic joining solutions, covering design, engineering, equipment supply, testing, installation and maintenance.
2. It has in-house capabilities across machinery, tools and customised automation processes.
3. SJP Ultrasonics caters to customers across automotive, medical, FMCG, electrical and electronics, textiles, packaging and several other industries.
4. Its business spans plastic joining, industrial automation and laser technology solutions.
5. The company is supported by an experienced promoter and management team.
Weaknesses
1. Plastic joining solutions and industrial automation together contributed nearly 99% of FY25 revenue, resulting in concentration across two key segments.
2. The top ten customers contributed 54.46% of FY25 revenue, while the top five customers accounted for 41.58%.
3. The company generally operates through purchase orders rather than long-term agreements with customers.
4. It does not have contractual agreements with several raw-material and equipment suppliers.
5. Operating cash flow was negative in FY25 as an increase in trade receivables affected cash generation.
Opportunities
1. Rising automation adoption across Indian manufacturing can expand demand for industrial automation and specialised machinery.
2. IPO-funded machinery purchases can improve in-house manufacturing capabilities and support capacity expansion.
3. Increasing use of robotics and precision joining in automotive, electronics, medical equipment and other manufacturing sectors can broaden the addressable market.
4. Adoption of Industry 4.0, IoT-enabled manufacturing and smart production systems can create further demand for customised automation solutions.
Threats
1. Rapid changes in automation, welding and laser technologies may require continued investment in machinery and technical capabilities.
2. Loss of major customers or lower demand from key accounts could affect revenue.
3. Dependence on suppliers and specialised equipment exposes the company to input-cost and supply-chain risks.
4. Competition from domestic automation companies and global machinery manufacturers may create pricing pressure.
5. Manufacturing operations are exposed to operational, safety and regulatory risks.
1. Revenue from operations increased from ₹11.45 crore in FY23 to ₹21.06 crore in FY25.
2. PAT increased from ₹1.41 crore in FY23 to ₹4.17 crore in FY25.
3. The company has capabilities across plastic joining, industrial automation and laser technologies.
4. Its operations cover multiple stages from design and engineering to manufacturing, testing, installation and maintenance.
5. Around ₹11.12 crore of the IPO proceeds is proposed to be used towards machinery purchases, alongside funding for working capital.
6. Growth in industrial automation and smart manufacturing can expand the addressable market for the company's solutions.
Investors should also consider factors such as customer concentration, dependence on a limited number of business segments, negative FY25 operating cash flow and the other risks disclosed in the offer document.
India's industrial automation industry is expanding as manufacturers increasingly use robotics, PLCs, SCADA systems, sensors, artificial intelligence and other technologies to improve productivity, quality and process consistency.
According to the industry report referred to in the offer document, India's industrial automation solutions market is projected to grow from approximately USD 17.50 billion in FY25 to USD 29.43 billion by FY29, representing a CAGR of around 13.88%.
Growth is being supported by the wider adoption of automated manufacturing systems, increasing productivity requirements and the integration of intelligent technologies such as AI, IoT, edge computing and advanced analytics.
SJP Ultrasonics operates at the intersection of these trends through its plastic joining, industrial automation and laser technology businesses. Its solutions have applications across automotive manufacturing, electronics, medical equipment, FMCG, packaging, textiles, defence and other industrial segments.
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FAQs
SJP Ultrasonics IPO opens on September 30, 2026 and closes on October 5, 2026.
The SJP Ultrasonics IPO size is approximately 23.45 ore. It comprises a fresh issue of 35,00,000 equity shares.
The SJP Ultrasonics IPO is a fixed-price issue priced at 67 per equity share.
To apply for SJP Ultrasonics IPO:
1. Log in to your 5paisa demat account and select the issue under the current IPO section.
2. Enter the number of lots you wish to apply for.
3. Enter your UPI ID and submit your application.
4. Approve the mandate received on your UPI application to block the required funds.
The market lot is 2,000 shares. Individual investors must apply for a minimum of two lots, or 4,000 shares, requiring an investment of 2,68,000 at the fixed issue price of 67 per share.
The basis of allotment for SJP Ultrasonics IPO is expected to be finalised on October 6, 2026.
Refunds are expected to be initiated on October 7, 2026.
Shares are expected to be edited to successful applicants' demat accounts on October 7, 2026.
SJP Ultrasonics IPO is expected to list on the BSE SME platform on October 8, 2026.
Khandwala Securities Limited is the lead manager to the issue.
Maashitla Securities Private Limited is the registrar to the issue.
The company proposes to use the proceeds for capital expenditure towards machinery purchases, funding its working capital requirements and general corporate purposes.