SJP Ultrasonic IPO: dates, price band, lot size and GMP
SJP Ultrasonic IPO closed on 5 Oct on the SME; price band ₹67, lot 2,000 shares, no GMP reported yet. Allotment 6 Oct, listing 8 Oct.
Updated 6 Oct 2026, 14:11 IST. Dated dealer references.
BuyUnlistedShares tracks 197 IPOs on its calendar; the SJP Ultrasonic IPO has a price band of ₹67, a lot of 2,000 shares and no grey-market premium reported yet as of 06 Oct 2026.
Key details
| Board | SME |
|---|---|
| Issue dates | 30 Sep – 5 Oct 2026 |
| Price band | ₹67 |
| Lot size | 2,000 shares |
| Issue size | ₹23.45 Cr |
| Fresh issue | ₹22.27 Cr |
| Subscription | 1.82x |
| Registrar | Maashitla Securities Pvt.Ltd. |
| Lead managers | Khandwala Securities Ltd. |
| Status | Closed, listing awaited |
Timeline
- Issue opens: 30 Sep
- Issue closes: 5 Oct
- Allotment: 6 Oct
- Refunds: 7 Oct
- Demat credit: 7 Oct
- Listing: 8 Oct
Live subscription
| Category | Subscribed |
|---|---|
| NII | 1.86x |
| Retail | 1x |
| Total | 1.82x |
Last updated 5 Oct 2026, 5:55 PM IST.
Issue details
| Face value | ₹10 |
|---|---|
| Issue type | Fixed Price Issue |
| Listing at | BSE SME |
| Market cap at the upper band | ₹86.7 Cr |
| P/E (pre-issue) | 12.07x |
| P/E (post-issue) | 16.54x |
| Fresh issue (shares) | 33,24,000 |
| Total shares offered | 33,24,000 |
| Promoter holding pre-issue | 79.51% |
| Promoter holding post-issue | 58% |
| Promoters | Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, Jignesh Pravinchandra Parekh (HUF) |
| Lead managers | Khandwala Securities Ltd. |
| Registrar phone | 011-45121795 |
| Registrar email | investor.ipo@maashitla.com |
| Company website | sjpultrasonics.in |
Lot sizes by investor category
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (minimum) | 1 | 2,000 | ₹2,68,000 |
| Retail (maximum) | 2 | 4,000 | ₹2,68,000 |
| sNII (minimum) | 3 | 6,000 | ₹2,68,000 |
| bNII (minimum) | 3 | 6,000 | ₹10,72,000 |
Reservation
| Category | Share of issue | Shares offered | Basis |
|---|---|---|---|
| NII (HNI) | 50% | 16,62,000 | 50% of the Net Issue |
| Retail | 50% | 16,62,000 | 50% of the Net Issue |
| Market Maker | 5.3% | 1,76,000 |
Subscription by day
| Day | QIB | NII | sHNI | bHNI | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 · 30 Sep | — | 0.74x | — | — | 0.09x | 0.41x |
| Day 2 · 1 Oct | — | 0.85x | — | — | 0.23x | 0.54x |
| Day 3 · 5 Oct | — | 1.86x | — | — | 1.00x | 1.82x |
Key ratios as of 31 Mar 2025
| EPS (pre-issue) | ₹5.55 |
|---|---|
| EPS (post-issue) | ₹4.05 |
| P/E (pre-issue) | 12.07x |
| P/E (post-issue) | 16.54x |
| RoNW | 28.1% |
| RoCE | 50.8% |
| RoE | 38.86% |
| PAT margin | 19.81% |
| EBITDA margin | 32.47% |
| Price / book | 4.26x |
| NAV per share | ₹15.73 |
| Debt / equity | 0.16 |
| Market cap (upper band) | ₹86.7 Cr |
Financials (₹ Cr)
| Metric | FY26 | FY25 | FY24 | FY26 vs FY25 |
|---|---|---|---|---|
| Assets | 35.2 | 27.06 | 16.97 | +30.1% |
| Total Income | 26.63 | 21.15 | 15.22 | +25.9% |
| Profit After Tax | 5.24 | 4.17 | 3.4 | +25.7% |
| EBITDA | 8.32 | 6.93 | 5.43 | +20.1% |
| NET Worth | 20.09 | 14.85 | 6.73 | +35.3% |
| Reserves and Surplus | 10.65 | 5.41 | 5.63 | +96.9% |
| Total Borrowing | 5.78 | 2.41 | 2.01 | +139.8% |
About SJP Ultrasonic
Incorporated on January 27, 2012, SJP Ultrasonic 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.
Business Segments:
The sale of the products and services is majorly made to manufacturers engaged in various industries, which makes model business to business (B2B) in nature.
Objects of the issue
- Funding Capital Expenditure towards the Purchase of Machineries — ₹13.22 Cr
- Funding working capital requirements of the Company — ₹4.92 Cr
- General Corporate Purposes — ₹3.05 Cr
- Issue Expenses — ₹3.16 Cr
Net proceeds: ₹24.34 Cr
Peer comparison
| Company | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| SJP Ultrasonic Ltd. | 6.75 | 6.75 | 15.73 | 12.07x | 28.1% | Restated |
| Rinco Ultrasonics India Private Limited | 75.56 | 75.56 | 597.93 | — | 12.64% | — |
| Unique Circle Automation Private Limited | 7,510.27 | 7,510.27 | 33,518.49 | — | 22.41% | — |
Notes: All the financial information for the company mentioned above is on a basis sourced from the Restated Financial Information. All the financial information for unlisted industry peer mentioned above is sourced from the annual report of the relevant company for Fiscal 2026, as available on the websites of MCA.
Strengths (per the offer document)
- Titan Engineering & Automation — SJP Ultrasonics Ltd. Limited As at end for Fiscal As at end for Fiscal Particular Unit Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal 2025 2024 2023 2025 2024 2023 Total Revenue ₹ in Crores 21.15 15.22…
- Unique Circle Automation Rinco Ultrasonics India — Roop Ultrasonix Ltd.
- Private Limited Private Limited — As at end for Fiscal As at end for Fiscal As at end for Fiscal Particular Unit Fiscal Fiscal Fiscal Fiscal Fiscal Fiscal 2024 2023 2024 2023 2024 2023 Total Revenue ₹ in Crores 26.41 17.23 12.34…
- Plastic joining solutions
- Laser technology solutions
- A break up of our segment-wise revenue from operations earned by our Company during the preceding three years has been… — Segments earned revenue earned in revenue earned in revenue Plastic Joining Solutions 528.83 46.17 845.87 55.61 1,567.24 74.43 Industrial Automation 487.80 42.59 609.30 40.06 516.51 24.53 Laser…
Risk factors (as disclosed by the company)
- We derive a significant portion of our revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation — We generate a significant portion of our revenue from providing solutions under two business segments viz., Plastic Joining Solutions and Industrial Automation which have contributed ₹ 1,567.33…
- Our Company was not registered under the Employees Provident Fund and Miscellaneous Provisions Act, 1952 until June 15 — Miscellaneous Provisions Act, 1952.
- Our Company was not registered under the Employees State Insurance Act, 1948 until June 15 — Our Company had more than 10 (ten) persons employed in the past, however, our Company had failed to obtain registration under the Employees State Insurance Act, 1948.
- A significant portion of our revenue is generated from our limited number of large customers and if we are unable to maintain our relationship… — services/ products. Our business, results of operations and financial condition will be materially and adversely affected.
- We do not have contractual agreements with suppliers for our raw materials and equipment suppliers and an increase in the cost of or a shortfall… — an adverse effect on our business and results of operations.
- We generate our considerable portion of turnover from our operations in certain geographical regions and any adverse developments affecting our operations… — revenue and results of operations.
- Increase in the prices of raw materials and fluctuations may adversely impact our business, financial condition and operational results — Cost of Materials consumed and Purchases in Stock in Trade aggregated to 39.00%, 50.19% and 38.34% of revenue from operations for Financial Year ended March 31, 2023, March 31, 2024 and March 31,…
- We require certain approvals or licenses in the ordinary course of business, and the failure to renew, obtain, or retain them in a timely manner — We require certain statutory and regulatory permits, licenses, and approvals to operate our business.
From the RHP (strengths pages 119–122, risk factors pages 25–28). Headings shortened; the wording is the company’s. Not a recommendation.
Offer documents: DRHP (PDF)
Track this issue
- SJP Ultrasonic IPO GMP today and trend
- SJP Ultrasonic IPO subscription status, day by day
- SJP Ultrasonic IPO allotment status and how to check
Frequently asked questions
When does the SJP Ultrasonic IPO open and close?
The issue is scheduled for 30 Sep – 5 Oct 2026.
What is the SJP Ultrasonic IPO price band?
The price band is ₹67 per share with a lot size of 2,000 shares.
How big is the SJP Ultrasonic IPO?
The total issue size is ₹23.45 Cr.
When will SJP Ultrasonic list?
The tentative listing date is 8 Oct on the SME platform.
How do I apply for the SJP Ultrasonic IPO?
Apply through your broker or bank using ASBA or UPI within the issue window; the amount stays blocked in your account until allotment. BuyUnlistedShares does not take applications; it tracks the issue and the unlisted price before it.
Sources
- Draft red herring prospectus (DRHP), SJP Ultrasonic · as filed with SEBI · bsesme.com
- Registrar allotment page, Maashitla Securities Pvt.Ltd. · allotment 6 Oct · maashitla.com
- BSE SME issues page · listing 8 Oct · bsesme.com
- SJP Ultrasonic company website · sjpultrasonics.in
- BuyUnlistedShares IPO record: GMP, subscription and allotment, dated daily · GMP as of 6 Oct, 08:03 · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “SJP Ultrasonic IPO”, https://buyunlistedshares.com/ipo/sjp-ultrasonic-ipo, as of 06 Oct 2026.
Other IPOs on the calendar
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- TNA Solutions IPO · 30 Sep – 6 Oct 2026
- Acme India Industries IPO · 30 Sep – 6 Oct 2026
- R.K.Fashion Accessories IPO · 5 – 7 Oct 2026
- Jio Platforms IPO · 21 – 23 Oct 2026
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk: the unlisted and pre-IPO dealing desk of Gayatri Financial Synergy, Faridabad, in the market since 2002. Reviewed by the BuyUnlistedShares desk before publishing. Data as of 06 Oct 2026.
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