SJP Ultrasonics IPO: Latest Update
SJP Ultrasonics IPO is currently open for subscription and is scheduled to close on October 5, 2026. The company is raising ₹23.45 crore through an entirely fresh issue of 35 lakh equity shares.
Unlike a book-built IPO, SJP Ultrasonics is a fixed-price SME issue, with the issue price set at ₹67 per share. The shares are proposed to be listed on the BSE SME platform.
The latest Day 3 data for October 2 shows the IPO at approximately 0.60x overall subscription. The bHNI category was at around 0.82x, retail at 0.23x, while QIB participation remained at 0x in the latest reported figures.
SJP Ultrasonics IPO Details
| Particular | Details |
|---|---|
| IPO Name | SJP Ultrasonics IPO |
| IPO Type | SME IPO |
| Issue Type | Fixed Price |
| IPO Open Date | 30 September 2026 |
| IPO Close Date | 5 October 2026 |
| Issue Price | ₹67 |
| Face Value | ₹10 |
| Lot Size | 2,000 Shares |
| Minimum Bid | 4,000 Shares |
| Minimum Investment | ₹2,68,000 |
| Issue Size | ₹23.45 Crore |
| Fresh Issue | ₹23.45 Crore |
| OFS | Nil |
| Listing Platform | BSE SME |
| Allotment | 6 October 2026 |
| Refund | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing Date | 8 October 2026 |
The issue comprises 35 lakh shares, including the market-maker reservation portion. The minimum application requires 4,000 shares, or two lots, at ₹67 per share.
SJP Ultrasonics IPO GMP Today
As of October 2, 2026, the latest available grey-market information indicates ₹0 GMP / no confirmed premium. IPO Watch reports that the GMP has not started, while another tracker reports a dated ₹0 GMP.
At ₹0 GMP, the unofficial reference price remains around the issue price of ₹67. However, GMP is an unofficial and unregulated market indicator and does not guarantee the actual listing price.
SJP Ultrasonics IPO Subscription Status
The latest Day 3 subscription update shows the issue at approximately 0.60x overall as of October 2.
| Category | Latest Reported Subscription |
|---|---|
| QIB | 0.00x |
| bHNI | 0.82x |
| Retail | 0.23x |
| Total | 0.60x |
The issue had remained at around 0.60x overall on Day 3, with bHNI participation ahead of the retail segment. QIB bidding was still reported at zero in the latest update.
Some market portals are still displaying older October 1 subscription figures, including 1.13x overall. Since the October 2 Day 3 report is newer, the 0.60x figure is used here as the latest available update.
What Does SJP Ultrasonics Do?
SJP Ultrasonics provides end-to-end plastic joining and industrial automation solutions. The company primarily serves manufacturing industries where plastic components need to be joined, assembled, inspected or automated.
Its business is organised around three broad areas:
- Plastic Joining Solutions
- Industrial Automation
- Laser Technology Solutions
The company serves customers across industries such as automotive, medical, electrical and electronics, textiles, FMCG, food and packaging, toys, defence and educational institutions.
SJP Ultrasonics Plastic Joining Business
Plastic joining is an important part of the company's operations. Its solutions are designed for manufacturers that use plastic components and require specialised equipment for joining and production processes.
The company's industrial solutions can be used across multiple applications, giving it exposure to different manufacturing segments rather than depending entirely on one end-use industry.
Its customer industries include automotive and medical products as well as electrical, electronics, FMCG, packaging and other industrial applications.
Industrial Automation and Laser Solutions
Alongside plastic joining equipment, SJP Ultrasonics operates in industrial automation and laser technology solutions.
Automation solutions can help manufacturers improve production processes and reduce manual intervention. Laser technology solutions provide another specialised product area for industrial customers.
The combination of these business segments allows the company to offer different manufacturing technologies to customers with specialised production requirements.
SJP Ultrasonics Company Background
SJP Ultrasonics was incorporated on January 27, 2012, originally as SJP Ultrasonics Private Limited. The company subsequently became a public limited company in 2023.
Its registered operations are associated with the Palghar/Vasai region of Maharashtra, where the company has its production and operational facilities.
Over the years, the company has developed specialised capabilities in plastic joining, automation and laser technology for industrial customers.
SJP Ultrasonics IPO Fund Utilisation
The entire IPO consists of a fresh issue, so the funds raised are intended for the company's business requirements.
The largest portion is proposed for capital expenditure toward machinery purchases, followed by working capital and general corporate purposes.
| Purpose | Amount |
|---|---|
| Purchase of Machinery | ₹13.22 Crore |
| Working Capital | ₹4.92 Crore |
| General Corporate Purposes | ₹3.05 Crore |
Around 62.39% of the stated proceeds are allocated toward machinery, while approximately 23.22% is earmarked for working capital.
SJP Ultrasonics Financial Performance
The company's recent financial results show an increase in revenue and profit over the three financial years reported in the IPO data.
| Financial Year | Revenue from Operations | Net Profit |
|---|---|---|
| FY2024 | ₹15.2 Crore | ₹3.4 Crore |
| FY2025 | ₹21.1 Crore | ₹4.2 Crore |
| FY2026 | ₹26.6 Crore | ₹5.2 Crore |
For FY2026, the company reported revenue from operations of approximately ₹26.56 crore and PAT of around ₹5.24 crore.
Revenue increased by roughly 26% from FY2025 to FY2026, while profit also increased during the period.
Cash Flow and Working Capital
Although the company reported profit growth, its recent cash-flow numbers provide another aspect to monitor.
Trendlyne reports operating cash flow of approximately -₹2.7 crore in FY2026, compared with -₹2.9 crore in FY2025. Free cash flow was also negative at around ₹3.1 crore in FY2026.
This makes working-capital management relevant because industrial automation businesses can require funds for inventory, customer receivables and project execution before cash is collected.
SJP Ultrasonics Customer and Supplier Concentration
The company's IPO information identifies concentration among some customers as a business risk. Dependence on a limited number of large customers can affect revenue if orders are delayed, reduced or discontinued.
The company also faces exposure to raw-material price movements because it does not have long-term supplier contracts covering all requirements.
These factors are relevant when evaluating the sustainability of revenue and margins alongside the company's expansion plans.
SJP Ultrasonics Manufacturing and Expansion
A significant part of the IPO proceeds is earmarked for machinery purchases. The proposed capital expenditure is intended to increase and strengthen the company's manufacturing capabilities.
The machinery investment represents the largest identified use of IPO proceeds, accounting for approximately ₹13.22 crore.
The effectiveness of this expenditure will depend on machinery procurement, installation, capacity utilisation and the company's ability to generate additional business.
SJP Ultrasonics IPO Investment Size
The IPO has a fixed issue price of ₹67 and a lot size of 2,000 shares.
However, the minimum bid is 4,000 shares, equivalent to two lots. At ₹67 per share, this means a minimum application amount of ₹2,68,000.
| Particular | Details |
|---|---|
| Issue Price | ₹67 |
| Shares per Lot | 2,000 |
| Minimum Bid | 4,000 Shares |
| Minimum Application | ₹2,68,000 |
| Additional Bid | In multiples of 2,000 shares |
SJP Ultrasonics IPO Shareholding
The pre-issue promoter holding is reported at approximately 79%, while post-issue promoter holding is expected to be around 58%.
The IPO will therefore increase the company's public shareholding following its SME-market listing.
SJP Ultrasonics IPO Timeline
The current IPO schedule shows the issue closing on October 5, followed by allotment on October 6 and share credit/refunds on October 7. The proposed BSE SME listing is scheduled for October 8, 2026.
| Particular | Date |
|---|---|
| IPO Opens | 30 September 2026 |
| IPO Closes | 5 October 2026 |
| Allotment | 6 October 2026 |
| Refund Initiation | 7 October 2026 |
| Share Credit | 7 October 2026 |
| Listing | 8 October 2026 |
SJP Ultrasonics IPO: Key Points to Track
SJP Ultrasonics is entering the SME market with a relatively small ₹23.45 crore fresh issue. The largest portion of the proceeds is intended for machinery, while another ₹4.92 crore is planned for working capital.
The company's business has exposure to automotive, medical, electronics, FMCG, packaging, textile and other manufacturing industries. This diversified customer-industry base is accompanied by risks relating to customer concentration, raw-material prices and working-capital requirements.
SJP Ultrasonics IPO GMP and Subscription Update
The latest available GMP information remains around ₹0, with IPO Watch reporting no established grey-market premium and another tracker reporting ₹0 as of October 2.
Meanwhile, the latest Day 3 subscription report puts the overall subscription at 0.60x, with bHNI at 0.82x and retail at 0.23x. QIB participation remained at zero in that update.
With the IPO closing on October 5, the final trading sessions will determine the closing subscription figures across investor categories.
SJP Ultrasonics IPO Closing Update
SJP Ultrasonics IPO is a ₹23.45 crore fixed-price SME issue focused on plastic joining, industrial automation and laser technology solutions. The company plans to use most of the fresh issue proceeds for machinery purchases, alongside working capital and general corporate requirements.
The company's FY2026 revenue from operations was approximately ₹26.56 crore, with PAT of about ₹5.24 crore.
As of October 2, 2026, the latest Day 3 subscription figure is around 0.60x, while the latest GMP data indicates ₹0/no confirmed premium. The IPO closes on October 5, with allotment expected on October 6 and the proposed BSE SME listing on October 8, 2026.
Loading comments...