SJP Ultrasonics Ltd

SJP SJP Ultrasonics Ltd

BSE IPO

Bidding dates30 Sep 2026 - 05 Oct 2026

Price range₹67 - ₹67

Min. investment₹2,68,000

Issue size23.45 Cr

Lot size2000 Shares

IPO DocRHP

IPO Timeline

Start date

30 Sep 2026

End date

05 Oct 2026

Allotment date

06 Oct 2026

Refund initiation

07 Oct 2026

Share credit

07 Oct 2026

Deactivate mandate

08 Oct 2026

About company

Incorporated in 2012, SJP Ultrasonics 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. The sale of the products and services is majorly made to manufacturers engaged in various industries, which makes model business to business (B2B).

Business Segments:

Plastic joining solutions

Industrial automation

Laser technology solutions2B) in nature.

The manufacturing facility is situated at Gala No. 1 and Gala No. 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No.5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar - 401 208, Maharashtra, India.

The company intends to enhance in-house manufacturing capabilities and increasing production efficiency by purchasing Milling Machines, CNC Lathe Machine, Compressor, CNC Bandsaw Machine, Overhead Crane, 6 Axis Robot, Co2 Laser Cutting Unit, Computers, NX Softwares, Solid Works Software, Diesel Generator, CMM Machine, Vibration Welders, Laser Plastic Welder to improve production.

As of March 31, 2026, the company had 84 employees.

Founded in 2012

Managing director Jignesh Pravinchandra Parekh

Parent organisation SJP Ultrasonics IPO

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Strengths and Risks

Strengths

The company specializes in plastic joining solutions, industrial automation, and laser technology solutions (such as ultrasonic, vibration, hot-plate, and spin welding). It provides end-to-end capabilities from custom tooling and design to special-purpose automation systems for B2B manufacturers.

SJP Ultrasonics has demonstrated healthy historical financial expansion, with a strong multi-year revenue CAGR (~32%) and consistent year-on-year growth in both revenue and Profit After Tax (PAT).

The company features favorable operational efficiency indicators, supported by solid Return on Equity (ROE) and Return on Capital Employed (ROCE) figures in recent reporting blocks.

Risks

A high proportion of the company's revenues is concentrated within specific business lines (primarily plastic joining and automation segments), meaning a slowdown in core manufacturing customer verticals can quickly impact financial performance.

The RHP highlights past regulatory and statutory non-compliances—such as historical gaps related to Employees' Provident Fund (EPF) and Employees' State Insurance Corporation (ESIC) contributions—which pose risks of retroactive penalties or management distractions.

The company’s operations are heavily concentrated around its primary manufacturing facility. Any localized machinery breakdowns, utility/power disruptions, or factory shutdowns can materially impact delivery schedules and cash flows.