SJP Ultrasonic IPO
SJP Ultrasonic IPO Listing Day Performance
SJP Ultrasonic listed on BSE SME on 08 October 2026 at ₹74.20, a 10.75% premium over the issue price of ₹67. A retail investor allotted the minimum application of 4,000 shares (2 lots) gained ₹28,800 at the listing price.
Demand going into listing
| Subscribed overall | 1.87× |
| NII | 2.74× |
| Retail | 1× |
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Day-wise Subscription (times subscribed)
| Category | Day 1 | Day 2 | Day 3 | Final |
|---|---|---|---|---|
| NII | 0.74x | 0.96x | 0.96x | 2.74x |
| Retail | 0.10x | 0.23x | 0.23x | 1.00x |
| Total | 0.42x | 0.60x | 0.60x | 1.87x |
Financial Analysis
Financial Data
Financial Performance
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 15.22 | 21.15 | 26.63 |
| Expense | 10.48 | 15.65 | 19.58 |
| Profit (PAT) | 3.40 | 4.17 | 5.24 |
| Total Assets | 16.97 | 27.06 | 35.20 |
Peer Comparison
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| SJP Ultrasonic This IPO | 5.55 | 12.07 | 26.10 | 21.28 | - |
| Rinco Ultrasonics India Pvt. Ltd. | 75.56 | - | 12.64 | 597.93 | 12.21 Cr |
| Unique Circle Automation Pvt. Ltd. | 7,510.27 | - | 22.41 | 33,518.49 | 26.28 Cr |
Strengths & Risks
- Revenue grew 26% in the latest reported year.
- Solid profit margin — 19.7%.
- Strong return on equity — 30%.
- Lists on the exchange's SME platform, where trading is usually thinner than on the main board — selling at your price can be harder.
From this issue's live data. Not investment advice — read the RHP.
Company Information
SJP Ultrasonic at a glance
From the company's description: “Since its setup in 2012, SJP Ultrasonics has been involved in providing a complete plastic joining and automation solution.”
SJP Ultrasonic is raising ₹23.45 crore through an IPO on the BSE SME. All of it is a fresh issue: there is no offer for sale, so every rupee raised goes to the company rather than to selling shareholders. Main stated uses of the fresh money: Funding Capital Expenditure towards the Purchase of Machineries (₹13.22 crore), Funding working capital requirements of the Company (₹4.92 crore) and Issue Expenses (₹3.16 crore).
Revenue went from ₹15.22 crore in 2024 to ₹26.63 crore in 2026, up 75% over 2 years. Profit after tax went from ₹3.4 crore to ₹5.24 crore, a net margin of 20% in the latest year.
Debt stands at 0.64 times equity.
Written from the issue's offer-document figures shown on this page. Not investment advice.
Company Contact Information
SJP Ultrasonic Ltd., Gala No. 1 and Gala No. 2, Shiv Shankar Industrial, Complex 2, Bhutpada, Building No.5, Opp. Golden Ch, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar, Maharashtra, 401208
Objects of the Issue
| Purpose | Amount (Cr) |
|---|---|
| Funding Capital Expenditure towards the Purchase of Machineries | 13.22 |
| Funding working capital requirements of the Company | 4.92 |
| General Corporate Purposes | 3.05 |
| Issue Expenses | 3.16 |
Resources & Documents
SJP Ultrasonic IPO - Quick Take
SJP Ultrasonic has fixed the issue price at Rs 67 per share for an issue size of Rs 23 crore. The stock listed with a 10.75% gain versus its issue price on October 08, 2026.
The issue is promoted by Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh (HUF) with Khandwala Securities Ltd. acting as lead manager. Net proceeds will primarily be used towards funding Capital Expenditure towards the Purchase of Machineries (Rs 13 crore) and funding working capital requirements of the Company (Rs 5 crore).
At the upper end of the price band, the issue is priced at a post-issue P/E of 12.07x. On fundamentals, the company is posting revenue growth of 25.9%, a profit margin of 19.7%, return on equity of 30.0% in its most recent reported period.
On our data-signal score, the combined signals for this issue currently read mixed — some indicators read positively and others do not. This is a summary of public data, not a recommendation to apply or skip. Past performance does not predict future returns — review the price chart and peer comparison below before trading.
SJP Ultrasonic IPO: Lead Manager & Registrar Track Record
How the firm running this issue and its registrar have fared on the other IPOs we track. Each firm's figures leave out SJP Ultrasonic itself, so they describe what came before it.
- SJP Ultrasonic listed at +10.8% on day one; the median of 193 listings was +1.5% (better than 70% of them).
- Subscribed 1.87x against a median of 4.03x across 192 issues (higher than 29%).
- Average listing-day move across all 194 SME listings we track: +11.6%.
| Firm | Other IPOs | Listed at / above issue | Avg move | Median |
|---|---|---|---|---|
| Khandwala Securities Ltd. Lead manager | 2 1 MB · 1 SME | 50% 1 of 2 | −0.4% | −0.4% |
| Maashitla Securities Pvt. Ltd. Registrar | 32 0 MB · 32 SME | 78% 25 of 32 | Check allotment → | |
Recent listings managed by Khandwala Securities Ltd. (2)
Best: ArMee Infotech +0% · Weakest: Mopshop Distribution −0.7%
| IPO | Listed | Listing-day move |
|---|---|---|
| ArMee Infotech | 30 Sep 2026 | +0% |
| Mopshop Distribution | 26 Aug 2026 | −0.7% |
A SEBI-registered merchant banker that runs the issue: due diligence, drafting the offer document, setting the price band with the company, and marketing the IPO to investors.
Finalises the basis of allotment, credits shares to demat accounts, releases blocked funds for unsuccessful bids and handles investor queries about the issue.
Listing-day move = exchange opening price vs issue price (band ceiling where the final price isn't recorded). Counts cover IPOs we track only. Past listings don't predict this one; this is not investment advice.
Frequently Asked Questions
SJP Ultrasonic IPO GMP — What It Means
No grey market premium was recorded for SJP Ultrasonic before it listed.
See the full SJP Ultrasonic GMP history and trend, or learn how grey market premium works and how reliable it is.
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