{"id":272808,"date":"2026-09-28T09:37:09","date_gmt":"2026-09-28T04:07:09","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=272808"},"modified":"2026-09-28T09:37:09","modified_gmt":"2026-09-28T04:07:09","slug":"sjp-ultrasonics-initial-public-offering-review","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/","title":{"rendered":"SJP Ultrasonics IPO Review: Key Details, Company Overview and Financials"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>SJP Ultrasonics IPO fixed price Rs 67. Opens 30 Sep, closes 5 Oct 2026. Issue size Rs 23.45 Cr. Lists 8 Oct on BSE SME.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The SJP Ultrasonics IPO is a Rs 23.45 crore fixed price SME issue at Rs 67 per share, open for bidding from 30 September to 5 October 2026. The Vasai based plastic joining and industrial automation solutions provider is raising the entire issue as a fresh issue, with no offer for sale. Shares are proposed to list on BSE SME around 8 October 2026, with FY26 revenue up about 26 percent and most proceeds going to machinery.<\/p>\n<\/p><\/div>\n<p>The SJP Ultrasonics IPO is a fixed price issue consisting entirely of a fresh issue of 35,00,000 equity shares at Rs 67 per share, aggregating Rs 23.45 crore, with no offer for sale component. The IPO will open for subscription on 30 September 2026 and close on 5 October 2026. The allotment is expected on 6 October 2026, and the shares are proposed to list on the SME platform of BSE around 8 October 2026.<\/p>\n<p>The SJP Ultrasonics IPO issue price is fixed at Rs 67 per share, with a lot size of 2,000 shares. Retail investors must apply for a minimum of 2 lots (4,000 shares), requiring an investment of Rs 2,68,000, while HNI investors need at least 3 lots, or Rs 4,02,000.<\/p>\n<p>Khandwala Securities Ltd. is the book-running lead manager for the SJP Ultrasonics IPO, Maashitla Securities Pvt. Ltd. is the registrar, and Aftertrade Broking Pvt. Ltd. is the market maker.<\/p>\n<p>For detailed information on the company&#8217;s business, financials, risk factors and the proposed utilisation of proceeds, investors should refer to the SJP Ultrasonics IPO Red Herring Prospectus (RHP) before making an investment decision.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Company_Overview\" title=\"Company Overview\">Company Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#IPO_Details\" title=\"IPO Details\">IPO Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Industry_Context\" title=\"Industry Context\">Industry Context<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Business_Strengths\" title=\"Business Strengths\">Business Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Business_Risks\" title=\"Business Risks\">Business Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Financial_Performance\" title=\"Financial Performance\">Financial Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#SJP_Ultrasonics_Ltd_%E2%80%93_Financials_Rs_in_Lakh\" title=\"SJP Ultrasonics Ltd. &#8211; Financials (Rs in Lakh)\">SJP Ultrasonics Ltd. &#8211; Financials (Rs in Lakh)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Key_Ratios_and_Metrics\" title=\"Key Ratios and Metrics\">Key Ratios and Metrics<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Objects_of_the_Offer\" title=\"Objects of the Offer\">Objects of the Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#What_are_the_SJP_Ultrasonics_IPO_dates_and_when_will_it_list\" title=\"What are the SJP Ultrasonics IPO dates, and when will it list?\">What are the SJP Ultrasonics IPO dates, and when will it list?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#What_is_the_issue_price_and_minimum_investment_for_the_SJP_Ultrasonics_IPO\" title=\"What is the issue price and minimum investment for the SJP Ultrasonics IPO?\">What is the issue price and minimum investment for the SJP Ultrasonics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#What_does_SJP_Ultrasonics_Limited_actually_do\" title=\"What does SJP Ultrasonics Limited actually do?\">What does SJP Ultrasonics Limited actually do?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Is_the_SJP_Ultrasonics_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\" title=\"Is the SJP Ultrasonics IPO a fresh issue or does it include an offer for sale?\">Is the SJP Ultrasonics IPO a fresh issue or does it include an offer for sale?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#How_will_SJP_Ultrasonics_use_the_proceeds_from_its_fresh_issue\" title=\"How will SJP Ultrasonics use the proceeds from its fresh issue?\">How will SJP Ultrasonics use the proceeds from its fresh issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#How_has_SJP_Ultrasonics_performed_financially\" title=\"How has SJP Ultrasonics performed financially?\">How has SJP Ultrasonics performed financially?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#What_are_the_main_risks_or_concerns_flagged_for_the_SJP_Ultrasonics_IPO\" title=\"What are the main risks or concerns flagged for the SJP Ultrasonics IPO?\">What are the main risks or concerns flagged for the SJP Ultrasonics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Who_are_the_lead_manager_and_registrar_for_the_SJP_Ultrasonics_IPO\" title=\"Who are the lead manager and registrar for the SJP Ultrasonics IPO?\">Who are the lead manager and registrar for the SJP Ultrasonics IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/sjp-ultrasonics-initial-public-offering-review\/#Is_the_SJP_Ultrasonics_IPO_a_good_investment\" title=\"Is the SJP Ultrasonics IPO a good investment?\">Is the SJP Ultrasonics IPO a good investment?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Company_Overview\"><\/span><strong>Company Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Incorporated in January 2012 and based in Vasai East, Maharashtra, SJP Ultrasonics Limited provides end-to-end plastic joining and industrial automation solutions to B2B manufacturers. It integrates plastic welding technologies including ultrasonic, vibration, hot-plate and spin welding and heat staking, builds custom tooling and special purpose automation systems, and trades in and installs laser marking, welding and cutting machines.<\/p>\n<p>Customers span automotive, medical, electronics, FMCG and packaging industries, and the business reports under two segments, Plastic Joining Solutions and Industrial Automation. The company had 84 employees as of 31 March 2026 and is promoted by Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh HUF.<\/p>\n<p><em>Read on for the complete SJP Ultrasonics IPO details, including price band, lot size, listing timeline and the company&#8217;s financial track record.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"IPO_Details\"><\/span><strong>IPO Details<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Details<\/th>\n<\/tr>\n<tr>\n<td>IPO Date<\/td>\n<td>30 September to 5 October 2026<\/td>\n<\/tr>\n<tr>\n<td>Allotment<\/td>\n<td>Tue, 6 October 2026<\/td>\n<\/tr>\n<tr>\n<td>Listing Date<\/td>\n<td>Thu, 8 October 2026 (tentative)<\/td>\n<\/tr>\n<tr>\n<td>Face Value<\/td>\n<td>Rs 10 per share<\/td>\n<\/tr>\n<tr>\n<td>Issue Price<\/td>\n<td>Rs 67 per share (fixed price)<\/td>\n<\/tr>\n<tr>\n<td>Lot Size<\/td>\n<td>2,000 Shares<\/td>\n<\/tr>\n<tr>\n<td>Issue Type<\/td>\n<td>Fixed Price IPO (SME)<\/td>\n<\/tr>\n<tr>\n<td>Sale Type<\/td>\n<td>Fresh Issue only (no OFS)<\/td>\n<\/tr>\n<tr>\n<td>Total Issue Size<\/td>\n<td>35,00,000 shares (agg. Rs 23.45 Cr)<\/td>\n<\/tr>\n<tr>\n<td>Offer for Sale<\/td>\n<td>Nil<\/td>\n<\/tr>\n<tr>\n<td>Market Maker<\/td>\n<td>Aftertrade Broking Pvt. Ltd.<\/td>\n<\/tr>\n<tr>\n<td>Listing Exchange<\/td>\n<td>BSE SME<\/td>\n<\/tr>\n<\/table>\n<p><em>(Compiled from the RHP\/DRHP and market updates)<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Industry_Context\"><\/span><strong>Industry Context<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Plastic welding and joining technologies are used to assemble automotive parts, medical devices, electronics enclosures and packaging, and manufacturers look for consistent, repeatable processes.<\/li>\n<li>Industrial automation and special purpose machines help manufacturers raise productivity and process consistency, which supports demand for engineering solution providers.<\/li>\n<li>Demand is linked to capital spending cycles across manufacturing customers, so orders can vary from year to year.<\/li>\n<li>Customised equipment needs inventory across raw materials, assemblies and finished goods, so working capital rises with order growth.<\/li>\n<li>Laser marking, welding and cutting equipment adds a related, technology-led category.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Business_Strengths\"><\/span><strong>Business Strengths<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Here are the key strengths investors evaluating the SJP Ultrasonics IPO should weigh:<\/p>\n<ul>\n<li>A start-to-finish plastic welding and automation solution offering, with long standing relationships with equipment suppliers and established customers.<\/li>\n<li>Improving results, with FY26 revenue of Rs 26.63 crore against Rs 21.15 crore and income and profit each up about 26 percent.<\/li>\n<li>A diverse range of specialised plastic products across varied industry segments, and experienced promoters and senior management.<\/li>\n<li>Fresh capital directed mainly at machinery, including CNC machines, a six-axis robot, laser technology and testing equipment.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><strong>Screen industrial automation and engineering stocks on the Univest Screener<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Risks\"><\/span><strong>Business Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alongside these strengths, the SJP Ultrasonics IPO also carries the following business risks:<\/p>\n<ul>\n<li>Borrowings rose to Rs 5.78 crore in FY26 from Rs 2.41 crore in FY25, and new equipment must generate enough orders to justify the investment.<\/li>\n<li>The company operates on a small financial scale, and revenue depends on capital spending by manufacturing customers and on two business segments.<\/li>\n<li>The itemised uses of proceeds quoted in some sources add up to about Rs 24.35 crore against a Rs 23.45 crore issue, so investors should confirm the final allocation in the prospectus.<\/li>\n<li>As a fixed price SME issue there is no market based price discovery, and post-listing liquidity may be limited.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance\"><\/span><strong>Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The SJP Ultrasonics IPO comes after three years of rising income and profit. FY26 revenue was Rs 26.63 crore against Rs 21.15 crore in FY25, and total income and profit after tax each grew by about 26 percent, although EBITDA grew more slowly than sales.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"SJP_Ultrasonics_Ltd_%E2%80%93_Financials_Rs_in_Lakh\"><\/span><strong>SJP Ultrasonics Ltd. &#8211; Financials (Rs in Lakh)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Particulars<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2026<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Fiscal 2025<\/th>\n<\/tr>\n<tr>\n<td>Revenue<\/td>\n<td>2,663.00<\/td>\n<td>2,115.00<\/td>\n<\/tr>\n<tr>\n<td>Total Borrowings<\/td>\n<td>578.00<\/td>\n<td>241.00<\/td>\n<\/tr>\n<tr>\n<td>Inventory<\/td>\n<td>1,643.00<\/td>\n<td>1,060.00<\/td>\n<\/tr>\n<tr>\n<td>Net Working Capital<\/td>\n<td>1,821.00<\/td>\n<td>Not separately disclosed<\/td>\n<\/tr>\n<\/table>\n<p><em>Amounts in Rs Lakh unless stated otherwise, compiled from published SJP Ultrasonics IPO disclosures. Absolute profit after tax and EBITDA figures were not consistently reported across the sources used for this review, so investors should refer to the prospectus for the complete restated financial statements.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Ratios_and_Metrics\"><\/span><strong>Key Ratios and Metrics<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below summarises the key figures relevant to the SJP Ultrasonics IPO as of the latest reported period. Post-issue P\/E multiples differ across trackers, so investors should compute their own from the prospectus.<\/p>\n<p><em>These ratios offer a quick snapshot of how the SJP Ultrasonics IPO is priced relative to the company&#8217;s profitability and net worth.<\/em><\/p>\n<table border=\"1\" cellpadding=\"6\" cellspacing=\"0\" style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">KPI (Mar 31, 2026)<\/th>\n<th style=\"background:#1F4E79;color:#fff;text-align:left;\">Value<\/th>\n<\/tr>\n<tr>\n<td>Revenue Growth (FY26)<\/td>\n<td>~26%<\/td>\n<\/tr>\n<tr>\n<td>PAT Growth (FY26)<\/td>\n<td>~26%<\/td>\n<\/tr>\n<tr>\n<td>Projected Net Working Capital (FY27)<\/td>\n<td>Rs 36.10 Cr<\/td>\n<\/tr>\n<tr>\n<td>Borrowings (FY26)<\/td>\n<td>Rs 5.78 Cr<\/td>\n<\/tr>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Objects_of_the_Offer\"><\/span><strong>Objects of the Offer<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The company proposes to utilise the net proceeds from the SJP Ultrasonics IPO towards the following objects, as quoted by public sources.<\/p>\n<ul>\n<li>Capital expenditure for machinery purchases (Rs 13.22 Cr)<\/li>\n<li>Funding working capital requirements (Rs 4.92 Cr)<\/li>\n<li>General corporate purposes (Rs 3.05 Cr)<\/li>\n<li>Public issue expenses (Rs 3.16 Cr)<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the Univest iOS App or Univest Android App to track the SJP Ultrasonics IPO and get daily stock recommendations.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><em>Here is the bottom line on the SJP Ultrasonics IPO.<\/em><\/p>\n<p>The SJP Ultrasonics IPO reflects a specialised plastic joining and automation solutions provider with three years of rising income and a machinery led expansion plan, entirely funded through a fresh issue.<\/p>\n<p>However, rising borrowings, a small scale of operations, proceeds allocations that need verification and thin SME liquidity are factors that could affect the investment case for the SJP Ultrasonics IPO.<\/p>\n<p>Overall, investors weighing the SJP Ultrasonics IPO should evaluate the company&#8217;s business model, financial performance, industry outlook, competitive positioning, valuation and risk factors in detail, and carefully review the Red Herring Prospectus (RHP) before making an informed investment decision.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data independently before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<p>Univest does not publish grey market premium figures. Grey market premium is an unofficial and unregulated indicator collected informally outside the stock exchanges. It is not published, verified or endorsed by SEBI, NSE or BSE, can vary widely between trackers, and is not always accurate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_SJP_Ultrasonics_IPO_dates_and_when_will_it_list\"><\/span><strong>What are the SJP Ultrasonics IPO dates, and when will it list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The SJP Ultrasonics IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. The allotment is expected on 6 October 2026, and the shares are tentatively scheduled to list on the SME platform of BSE on 8 October 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_issue_price_and_minimum_investment_for_the_SJP_Ultrasonics_IPO\"><\/span><strong>What is the issue price and minimum investment for the SJP Ultrasonics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is a fixed price offer at Rs 67 per equity share with a lot size of 2,000 shares. Retail investors must apply for at least 2 lots, or 4,000 shares, which costs Rs 2,68,000.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_does_SJP_Ultrasonics_Limited_actually_do\"><\/span><strong>What does SJP Ultrasonics Limited actually do?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SJP Ultrasonics provides plastic joining and industrial automation solutions. It integrates ultrasonic, vibration, hot-plate and spin welding and heat staking, builds custom tooling and automation systems, and trades in and installs laser marking, welding and cutting machines for manufacturers in automotive, medical, electronics, FMCG and packaging.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_SJP_Ultrasonics_IPO_a_fresh_issue_or_does_it_include_an_offer_for_sale\"><\/span><strong>Is the SJP Ultrasonics IPO a fresh issue or does it include an offer for sale?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The issue is a 100 percent fresh issue of 35,00,000 equity shares with no offer for sale. Subject to issue expenses, all proceeds flow into the company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_will_SJP_Ultrasonics_use_the_proceeds_from_its_fresh_issue\"><\/span><strong>How will SJP Ultrasonics use the proceeds from its fresh issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Sources quote Rs 13.22 crore for machinery purchases such as CNC machines, a six-axis robot, laser technology and testing equipment, Rs 4.92 crore for working capital, Rs 3.05 crore for general corporate purposes and Rs 3.16 crore for issue expenses. These add up to more than the issue size, so the final allocation should be confirmed in the prospectus.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_SJP_Ultrasonics_performed_financially\"><\/span><strong>How has SJP Ultrasonics performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> FY26 revenue was Rs 26.63 crore against Rs 21.15 crore in FY25, and total income and profit after tax each grew about 26 percent. Borrowings rose from Rs 2.41 crore to Rs 5.78 crore, and inventory rose to Rs 16.43 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_main_risks_or_concerns_flagged_for_the_SJP_Ultrasonics_IPO\"><\/span><strong>What are the main risks or concerns flagged for the SJP Ultrasonics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The company is small, borrowings have more than doubled in a year, and new equipment must translate into orders. Working capital needs are projected to roughly double in FY27, and the fixed price structure offers no market based price discovery.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_manager_and_registrar_for_the_SJP_Ultrasonics_IPO\"><\/span><strong>Who are the lead manager and registrar for the SJP Ultrasonics IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Khandwala Securities Ltd. is the book-running lead manager for the SJP Ultrasonics IPO, responsible for structuring and managing the offer process. Maashitla Securities Pvt. Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants&#8217; demat accounts.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_SJP_Ultrasonics_IPO_a_good_investment\"><\/span><strong>Is the SJP Ultrasonics IPO a good investment?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> SJP Ultrasonics offers exposure to a niche automation and plastic joining specialist with steady growth. Its small scale, rising borrowings and unresolved allocation figures call for a careful approach. Investors should study the prospectus in detail and assess their own risk appetite before applying.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are the SJP Ultrasonics IPO dates, and when will it list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The SJP Ultrasonics IPO opens for subscription on 30 September 2026 and closes on 5 October 2026. The allotment is expected on 6 October 2026, and the shares are tentatively scheduled to list on the SME platform of BSE on 8 October 2026.\"}},{\"@type\":\"Question\",\"name\":\"What is the issue price and minimum investment for the SJP Ultrasonics IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The issue is a fixed price offer at Rs 67 per equity share with a lot size of 2,000 shares. 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Ltd. is the registrar to the issue and will handle the allotment process and crediting of shares to successful applicants' demat accounts.\"}},{\"@type\":\"Question\",\"name\":\"Is the SJP Ultrasonics IPO a good investment?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"SJP Ultrasonics offers exposure to a niche automation and plastic joining specialist with steady growth. Its small scale, rising borrowings and unresolved allocation figures call for a careful approach. Investors should study the prospectus in detail and assess their own risk appetite before applying.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The SJP Ultrasonics IPO is a Rs 23.45 crore fixed price SME issue at Rs 67 per share, open for bidding from 30 September to 5 October 2026. The Vasai based plastic joining and industrial automation solutions provider is raising the entire issue as a fresh issue, with no offer for<\/p>\n","protected":false},"author":29,"featured_media":272799,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[5352],"class_list":["post-272808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-sme-ipo"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["272799"],"rank_math_title":["SJP Ultrasonics IPO 2026: Price and Full Review"],"rank_math_description":["SJP Ultrasonics IPO opens 30 Sep to 5 Oct 2026 at a fixed Rs 67. Read the full review of company overview, industry context and financials."],"rank_math_focus_keyword":["SJP Ultrasonics IPO"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/sjp-ultrasonics-ipo-review-key-details-company-overview-and-financials.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/272808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=272808"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/272808\/revisions"}],"predecessor-version":[{"id":272810,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/272808\/revisions\/272810"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/272799"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=272808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=272808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=272808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}