SJP Ultrasonic IPO Opens: SME Issue Details, Price & Dates (2026)

1 Oct 2026 · 8 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.

SJP Ultrasonic Ltd. has launched its ₹23.45 Cr SME initial public offering on BSE SME at ₹67 per share. Review the issue terms, business segments, financial performance, and key risk factors.

Written by the BuyUnlistedShares desk · Published 1 Oct 2026 · Updated 1 Oct 2026

Information only, not investment advice.

Direct answer: The SJP Ultrasonic IPO is a fixed-price BSE SME issue of ₹23.45 Cr open for subscription from 30 Sep 2026 to 05 Oct 2026 at ₹67 per share with a minimum lot size of 2,000 shares. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 tracks all operational updates, timeline milestones, and key metrics directly from official offer filings.

SJP Ultrasonic IPO: Key Issue Terms and Structure

Incorporated on 27 Jan 2012, SJP Ultrasonic Ltd. has opened its initial public offering on the BSE SME platform. The issue consists entirely of a fresh issue of 33,24,000 equity shares of face value ₹10 each, offered at a fixed price of ₹67 per share. The gross aggregate issue size stands at ₹23.45 Cr, including the market maker reservation portion of 1,76,000 shares allocated to support secondary market liquidity post-listing.

Retail investors can participate with a minimum bid size of one lot (2,000 equity shares) requiring an application amount of ₹2,68,000. High-Net-Worth Individuals (HNIs) applying under the non-institutional category must apply for a minimum of 3 lots (6,000 equity shares) amounting to ₹2,68,000 or 6,000 shares amounting to ₹10,72,000 depending on the specific application band. Promoters Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, and Jignesh Pravinchandra Parekh (HUF) hold 79.51% of the equity capital pre-issue, which will adjust to 58.00% post-issue.

The net issue of 31,48,000 equity shares is distributed equally between non-institutional buyers and retail individual investors, with each category receiving an allocation of 16,62,000 equity shares (50% of the net offer).

Live Subscription Status and Grey Market Premium

The bidding window opened on 30 Sep 2026 and closes on 05 Oct 2026. Early bidding figures reflect progressive demand across investor categories.

Per data captured on 30 Sep 2026, total subscription stood at 0.41x, with non-institutional investors subscribing 0.74x and retail investors booking 0.09x.

In secondary informal trading circles, any grey-market premium (GMP) is treated strictly as an unofficial and indicative estimate of market interest and does not serve as a guaranteed price forecast. As of 01 Oct 2026, no grey market premium is recorded in our database for this issue. Investors tracking primary SME market issuances alongside secondary unlisted opportunities can evaluate market movements via BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002. For related SME developments opening in the same timeframe, see our coverage on Dove Soft IPO Opens 2026: SME Dates, Price Band & Lot Size and Sollfege Smart Electronics IPO Opens 2026: Price, Dates & Details.

Company Overview and Core Business Segments

SJP Ultrasonic Ltd. operates as an end-to-end plastic joining and automation solution provider. The company specializes in technical innovation by manufacturing machinery, tooling, and automated assembly systems tailored to specific industrial requirements. Operating primarily on a business-to-business (B2B) model, the firm supplies customized equipment to original equipment manufacturers (OEMs) and tier-1 suppliers across diverse sectors.

Per the Draft Prospectus, the company operates across three major operational segments:

• Plastic Joining Solutions: Focused on ultrasonic and vibration plastic welding systems. Revenue from this segment expanded from ₹5.29 Cr (46.17% of total revenue) in FY23 to ₹15.67 Cr (74.43% of total revenue) in FY25.
• Industrial Automation: Delivers turnkey automation, custom tooling, and special-purpose machines (SPMs) across manufacturing lines. This segment generated ₹5.17 Cr (24.53% of total revenue) in FY25 compared to ₹6.09 Cr in FY24.
• Laser Technology Solutions: Supplies specialized laser welding and material processing equipment, generating ₹0.22 Cr (1.04% of total revenue) in FY25.

The company caters to end-user industries including automotive, healthcare and life sciences, electricals, electronics, textiles, FMCG, packaging, defence, and educational institutions. Detailed company background and offer document summaries can be tracked on SJP Ultrasonic on BuyUnlistedShares.

Objects of the Public Issue

The total capital expenditure and working capital deployment planned from the net proceeds of the fresh equity issue total ₹24.34 Cr across four key areas as stated in the offer document:

• Purchase of Machineries (Capital Expenditure): ₹13.22 Cr allocated towards expanding manufacturing capabilities through modern machinery procurement.
• Working Capital Requirements: ₹4.92 Cr deployed to meet incremental operational working capital needs.
• General Corporate Purposes: ₹3.05 Cr earmarked for administrative and strategic corporate activities.
• Issue Expenses: ₹3.16 Cr estimated towards issue management, regulatory, legal, and legal fees.

Financial Performance and Key Metrics

SJP Ultrasonic Ltd. has demonstrated financial growth over recent fiscal years. Restated financial disclosures report consistent expansions in revenue and profitability metrics.

Per the financial disclosures, total income rose from ₹15.22 Cr in FY24 to ₹26.63 Cr in FY26, while profit after tax expanded from ₹3.40 Cr to ₹5.24 Cr over the same period.

Key financial ratios as of 31 Mar 2025 highlight an operational return profile:

• Return on Capital Employed (ROCE): 50.80%
• Return on Net Worth (RoNW): 28.10% (Weighted average RoNW across FY23–FY25 is 38.71%)
• EBITDA Margin: 32.47%
• PAT Margin: 19.81%
• Debt to Equity Ratio: 0.16x (Total debt stood at ₹5.78 Cr as of 31 Mar 2026)
• Net Asset Value (NAV): ₹15.73 per equity share as of 31 Mar 2025

Investors assessing early-stage industrial technology companies can explore comparative metrics across listed and unlisted peers on the Unlisted shares screener.

Risk Factors and Peer Comparison

Per the Draft Prospectus, potential applicants must evaluate critical risk factors disclosed by the management:

• Segment Concentration: A substantial proportion of revenue is concentrated in the Plastic Joining Solutions and Industrial Automation segments (together contributing over 98% of FY25 revenue).
• Customer Concentration: A significant portion of turnover is derived from a limited group of key industrial customers.
• Raw Material Supply Risk: The company does not hold long-term fixed-price supply agreements with equipment and component vendors, exposing margins to price fluctuations.
• Historical Compliance Delays: The issuer was not registered under the Employees Provident Fund Act and Employees State Insurance Act until 15 Jun 2024.

The offer document cites unlisted peers operating within technical automation and specialized engineering tooling for general operational comparison:

IPO Timeline and Next Steps

The bidding window remains open until 05 Oct 2026. Key upcoming corporate milestones include:

• Issue Close Date: 05 Oct 2026
• Basis of Allotment Finalisation: 06 Oct 2026
• Initiation of Refunds & Demat Credit: 07 Oct 2026
• Proposed Listing Date: 08 Oct 2026 on BSE SME

To keep track of upcoming public offers, allotment schedules, and listing dates across mainboard and SME segments, visit the IPO calendar.

To receive additional insights on pre-IPO momentum, private market equity valuations, or public offer developments, contact the research desk via our enquiry page. BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002 brings structural clarity to primary equity markets.

Frequently Asked Questions

When does the SJP Ultrasonic IPO open and close?

The SJP Ultrasonic IPO opened for subscription on 30 Sep 2026 and closes on 05 Oct 2026.

What is the issue price and minimum lot size for retail investors?

The offer is fixed at ₹67 per equity share. Retail investors must bid for a minimum of 2,000 equity shares, requiring an application amount of ₹2,68,000.

Where will the shares of SJP Ultrasonic Ltd. be listed?

The shares are proposed to be listed on the BSE SME platform following the allotment process.

What are the primary objects of the fresh equity issue?

The company plans to deploy issue proceeds towards purchasing capital machinery (₹13.22 Cr), funding working capital requirements (₹4.92 Cr), general corporate purposes (₹3.05 Cr), and issue expenses (₹3.16 Cr).

Does BuyUnlistedShares recommend subscribing to this IPO?

We do not make that call. BuyUnlistedShares operates strictly as an information provider and execution desk; we do not provide buy, sell, or subscription advice. Investors should assess risk factors, offer documents, and financial metrics independently.

Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.