| Price | 67 |
|---|---|
| GMP Rumors | ₹0 |
| Lot size | 2000 |
| Issue size | ₹23.45 Cr |
| Allotment | 06-10-2026 |
| Refund | 07-10-2026 |
| Listing | 08-10-2026 |
| Stars |
★☆☆☆☆ |
| ISIN | INE0S4601017 |
| Allotment Status | Maashitla |
| Video |  |
BSE List Price : ₹74.20
| Category | Times |
|---|---|
| QIBs | 0.00x |
| HNIs | 1.96x |
| Retail | 1x |
| Total : 1.87x | |
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4,000 | ₹268,000 |
| Retail Maximum | 2 | 4,000 | ₹268,000 |
| S - HNI Minimum | 3 | 6,000 | ₹402,000 |
SJP Ultrasonics Limited is a plastic joining and industrial automation solutions provider offering specialised machinery and technology mainly for the automotive industry and also for medical, electrical, electronics, textile, FMCG, toys, food & packaging, defence and educational sectors.
Business Model: The company provides end-to-end plastic welding, industrial automation and laser technology solutions, including manufacturing, installation and integration of specialised equipment. It also coordinates procurement of ultrasonic and vibration welding machines through relationships with international manufacturers.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹15.22 | ₹10.48 | ₹3.40 | ₹16.97 |
| 2025 | ₹21.15 | ₹15.65 | ₹4.17 | ₹27.06 |
| 2026 | ₹26.63 | ₹19.58 | ₹5.24 | ₹35.20 |
Jignesh Pravinchandra Parekh
Rupal Jignesh Parekh
Parth Jignesh Parekh
Parthvi Jignesh Parekh
Jignesh Pravinchandra Parekh (HUF)
End-to-End Solution Provider: The company provides complete plastic joining and automation solutions, covering equipment, engineering, automation and related implementation requirements.
Diversified Industry Presence: Its solutions serve multiple industries including Automotive, Medical, Electrical, Electronics, Textile, FMCG, Toys, Food & Packaging, Defence and Educational Institutes, reducing dependence on a single end-use industry.
Long-Standing Supplier Relationships: The company has established relationships with raw-material and equipment suppliers, supporting procurement and execution of customer projects.
Established Customer Relationships: The company has developed long-standing relationships with established customers, providing a base for repeat business and potential customer expansion.
Order Book Visibility: As of March 31, 2026, the company had an order book of approximately 21.19 crore across 64 purchase orders.
Improved FY26 Performance: Revenue increased from 21.15 crore in FY25 to 26.63 crore in FY26, while PAT increased from 4.17 crore to 5.24 crore.
Automotive Industry Dependence: The company has significant exposure to the automotive industry, making demand sensitive to automobile production, capital expenditure and broader economic conditions.
Competitive Industry: The company operates in the competitive plastic joining, automation and industrial machinery sector and faces competition from other domestic and international players.
Small Operating Scale: The company operates on a relatively small financial and operational scale, with FY26 revenue of 26.63 crore. Changes in a few major orders can therefore have a material impact on performance.
Borrowing Risk: Borrowings increased from 2.41 crore in FY25 to 5.78 crore in FY26, increasing financial obligations as the company expands its machinery and operational capacity.
Capital Expenditure Risk: The company plans to purchase additional machinery and equipment through IPO proceeds. The expected benefits depend on successful installation, utilisation and generation of sufficient customer orders.
Regulatory & Technology Risk: Changes in manufacturing standards, environmental requirements or technology can require additional investment in equipment and processes.
Purchase of Machinery: IPO proceeds are proposed to fund capital expenditure for purchase of machinery, including equipment for manufacturing and automation capabilities.
Working Capital Requirements: A portion of the issue proceeds is proposed to be utilised for the company's working-capital requirements, supporting inventory, receivables and project execution.
General Corporate Purposes: The remaining eligible proceeds are proposed to be used for general corporate purposes, subject to the limits specified in the offer documents.
SJP Ultrasonic Ltd.
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
Email: cs@sjpultrasonics.in
Website: https://www.sjpultrasonics.in/
Maashitla Securities Pvt. Ltd.
Phone: 011-45121795
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues