SJP Ultrasonics IPO Subscription Update
SJP Ultrasonics IPO continues its subscription on October 2, 2026. The SME issue opened on September 30 and will close on October 5. The company is looking to raise ₹23.45 crore through a fresh issue of 35 lakh equity shares at a fixed price of ₹67 per share. The shares are proposed to be listed on the BSE SME platform.
The latest Day 3 morning subscription update showed the issue at around 0.60x overall, with the bHNI segment at about 0.82x. QIB participation had not started in the available snapshot.
SJP Ultrasonics IPO Details
| Particular | Details |
|---|---|
| IPO Open Date | September 30, 2026 |
| IPO Close Date | October 5, 2026 |
| Issue Price | ₹67 |
| Issue Size | ₹23.45 Cr |
| Fresh Issue | 35 Lakh Shares |
| Offer for Sale | Nil |
| Face Value | ₹10 |
| Lot Size | 2,000 Shares |
| Minimum Retail Bid | 4,000 Shares |
| Minimum Investment | ₹2.68 Lakh |
| Allotment Date | October 6, 2026 |
| Refund/Demat | October 7, 2026 |
| Listing Date | October 8, 2026 |
| Listing Platform | BSE SME |
The IPO is entirely a fresh issue, meaning the proceeds are intended for the company's stated capital expenditure, working capital and general corporate requirements.
SJP Ultrasonics IPO GMP Today
No dependable current GMP figure was available in the latest sources checked for October 2. The company therefore remains without a reliable grey-market premium figure for this update.
GMP is an unofficial indicator and can change independently of the actual IPO subscription or eventual listing price.
| Particular | Latest Update |
|---|---|
| Issue Price | ₹67 |
| Current GMP | Not Reliably Reported |
| GMP Status | No Confirmed Figure |
| IPO Type | Fixed Price SME Issue |
SJP Ultrasonics IPO Subscription Status
The latest available Day 3 update puts the overall subscription at approximately 0.60x. Demand has been relatively stronger from non-institutional investors, while retail participation has remained below the full quota.
| Investor Category | Latest Subscription |
|---|---|
| QIB | No Participation Reported |
| NII/bHNI | Around 0.82x |
| Retail | Around 0.23x |
| Overall | Around 0.60x |
Earlier Day 2 figures reported by Moneycontrol showed 1.91x NII subscription and 0.47x retail subscription, but different reporting snapshots have produced different totals. The latest Day 3 exchange-linked snapshot is therefore more relevant for the current update.
What Does SJP Ultrasonics Do?
SJP Ultrasonics is an industrial technology company providing plastic joining and automation solutions. Its operations cover plastic joining machinery, industrial automation and laser technology solutions.
The company serves multiple industries, including automotive, medical, electrical and electronics, textiles, FMCG, toys, food and packaging, defence and other manufacturing sectors.
Its plastic joining business includes feasibility studies, machine supply and installation, tool manufacturing, testing, training and after-sales support. The company also manufactures ultrasonic tools and customised solutions while sourcing certain specialised machinery from international manufacturers.
SJP Ultrasonics Business Mix
| Particular | Details |
|---|---|
| Plastic Joining | Ultrasonic and vibration welding solutions |
| Industrial Automation | Robotics, assembly and material handling |
| Laser Technology | Laser marking, welding and cutting |
| Main Customer | B2B manufacturers |
| Major Industry | Automotive |
| Manufacturing Facility | Vasai East, Maharashtra |
During FY2026, industrial automation contributed around 50.4% of revenue, while plastic joining solutions contributed about 46.5% and laser technology solutions about 3%. Automotive was the largest industry contributor at approximately 44.7% of FY2026 revenue.
SJP Ultrasonics Financial Performance
SJP Ultrasonics has reported growth in its business over recent years. Upstox reports FY2026 revenue of approximately ₹26.56 crore and PAT of around ₹5.24 crore.
| Particular | FY2026 |
|---|---|
| Revenue | ₹26.56 Cr |
| PAT | ₹5.24 Cr |
| Market Capitalisation at Issue Price | ~₹86.7 Cr |
| P/E | ~12.07 |
| Debt-to-Equity | ~0.29 |
The company's installed capacity increased from 650 units in FY2024 to 730 units in FY2026, while actual production rose from 579 units to 649 units. The company also had 64 outstanding purchase orders worth approximately ₹21.19 crore as of March 31, 2026.
Where Will SJP Ultrasonics IPO Funds Be Used?
The company has identified machinery purchases and working capital as the major uses of the IPO proceeds.
| Particular | Amount |
|---|---|
| Purchase of Machinery | ₹13.22 Cr |
| Working Capital | ₹4.92 Cr |
| General Corporate Purposes | ₹3.05 Cr |
| Issue Expenses | Balance of proceeds |
Capital expenditure on machinery represents the largest portion of the planned utilisation, accounting for more than half of the issue proceeds.
SJP Ultrasonics Growth Factors
SJP Ultrasonics operates in manufacturing segments where automation, precision joining and process efficiency are increasingly important. Its presence across automotive, medical, electronics, packaging and other industries gives the company exposure to multiple industrial applications.
The company has also expanded its industrial automation contribution, while international revenue accounted for approximately 13.8% of FY2026 revenue. Its manufacturing and demonstration presence across locations including Vasai, Pune, Gurgaon and Chennai supports its customer-service network.
Key Risks to Track
Investors tracking SJP Ultrasonics IPO should monitor the company's dependence on industrial capital expenditure, customer demand, imported machinery and raw-material or equipment costs. The business also operates in competitive industrial automation and plastic joining markets.
As an SME-listed company, investors should additionally consider the potential liquidity and trading-volume differences associated with SME shares.
SJP Ultrasonics IPO Timeline
| Particular | Date |
|---|---|
| IPO Opening | September 30, 2026 |
| IPO Closing | October 5, 2026 |
| Basis of Allotment | October 6, 2026 |
| Refund Initiation | October 7, 2026 |
| Demat Credit | October 7, 2026 |
| Expected Listing | October 8, 2026 |
SJP Ultrasonics IPO will remain open until October 5. The next important updates will be the final subscription figures across NII and retail categories, along with any confirmed movement in the grey market before the issue closes.
Note: GMP is an unofficial market indicator and should not be treated as a guaranteed listing price. IPO investors should review the company's financials, business model, valuation, risks and official offer documents before making an investment decision.
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