SJP Ultrasonics IPO Date & Timeline
Tentative schedule from the RHP.
SJP Ultrasonics IPO Subscription Status
From NSE + BSE bid data, excluding the anchor portion.
Day-wise subscription
| Day | NII | Individual | Total |
|---|---|---|---|
| Shares offered | 16,62,000 | 16,62,000 | 33,24,000 |
| Day 1 · Sep 30 | 0.63× | 0.10× | 0.36× |
| Day 2 · Oct 1 | 0.85× | 0.23× | 0.54× |
| Day 3 · Oct 5 | 2.74× | 1.00× | 1.87× |
SJP Ultrasonics IPO Details
Checked against the RHP and cross-checked on NSE and BSE.
| IPO date | Sep 30 – Oct 5, 2026 |
| Issue price | ₹67 per share |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Total issue size | 35,00,000 shares ₹23.45 Cr |
| Fresh issue | 35,00,000 shares ₹23.45 Cr |
| Issue type | Fixed Price · SME |
| Listing at | BSE SME |
| Market cap | ≈ ₹86.70 Cr |
| Promoter holding | 79.51% → 58% |
| Lead manager | Khandwala Securities Ltd. |
| Market maker | Aftertrade Broking Pvt. Ltd. |
| Registrar | Maashitla Securities Pvt. Ltd. |
Offer documents
SJP Ultrasonics IPO Lot Size
Minimum and maximum bids by investor type at the issue price of ₹67.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 4,000 | ₹2,68,000 |
| Individual (max) | 2 | 4,000 | ₹2,68,000 |
| sHNI (min) | 3 | 6,000 | ₹4,02,000 |
SJP Ultrasonics IPO Reservation
Shares set aside for each category, and the maximum number of applicants who can get an allotment.
| Category | Shares offered | % of issue | Max. allottees |
|---|---|---|---|
| Market maker | 1,76,000 | 5% | — |
| NII (HNI) | 16,62,000 | 47.5% | 277 |
| Individual investors | 16,62,000 | 47.5% | 416 |
| Total | 35,00,000 | 100% |
SJP Ultrasonics Financials (FY24 – FY26)
Restated consolidated figures from the RHP, ₹ crore. Years end March 31.
Financial statement
| ₹ Cr | FY24 | FY25 | FY26 | YoY |
|---|---|---|---|---|
| Revenue | 15.22 | 21.15 | 26.63 | +25.9% |
| EBITDA | 5.43 | 6.93 | 8.32 | +20.1% |
| Profit after tax | 3.40 | 4.17 | 5.24 | +25.7% |
| Total assets | 16.97 | 27.06 | 35.20 | +30.1% |
| Net worth | 6.73 | 14.85 | 20.09 | +35.3% |
| Reserves & surplus | 5.63 | 5.41 | 10.65 | +96.9% |
| Total borrowing | 2.01 | 2.41 | 5.78 | +139.8% |
SJP Ultrasonics IPO Valuation
At the upper band of ₹67.
About SJP Ultrasonics
Business profile from the RHP.
- 2012Incorporated · Vasai East, Palghar, Maharashtra
- 3Segments · plastic joining, automation, laser
- B2BAutomotive-led customer base
- 84Employees (Mar 31, 2026)
Promoters & holding
Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh, Jignesh Pravinchandra Parekh (HUF)
Objects of the issue
SJP Ultrasonics IPO Review: Should You Apply?
Our 100-point score, and both sides of the case.
Our view: Revenue and profit have grown steadily at ~20-25% a year with ~20% profit margins, low debt and most of the money going into new machinery. Against that, the offer is priced at ~16.5× post-issue earnings with only unlisted peers, the lead manager's recent SME listings have mostly been weak and IPOWatch's review suggests skipping. The issue closed 1.87× subscribed overall.
- Steady growth: revenue rose from ₹15.2 Cr (FY24) to ₹26.6 Cr (FY26) and profit from ₹3.4 Cr to ₹5.2 Cr.
- Healthy margins and returns: ~20% profit margin, ~31% EBITDA margin, RoE ~39% and RoCE ~51%.
- Low debt: borrowings of ₹5.78 Cr against ₹20.1 Cr net worth.
- More than half the issue (₹13.2 Cr) goes to new machinery such as CNC machines, robots, laser units and welders to expand in-house manufacturing.
- Customers span automotive, medical, electrical, electronics, FMCG, packaging and defence, so it is not tied to a single end market.
- Promoter family keeps 58% after the issue; no shares are being sold by existing holders.
- No listed peers: the offer document compares the company only with unlisted firms, which IPOWatch's reviewer called an 'eyewash', so the price is hard to benchmark.
- Priced at ~16.5× FY26 and ~21× FY25 earnings and ~4.3× book value, which IPOWatch's review calls aggressive for a small SME.
- Lead manager Khandwala Securities' recent record is weak: per IPOWatch, 5 of its last 8 listings opened at a discount.
- Works in a competitive, fragmented segment with heavy reliance on the automotive industry.
- A 4:1 bonus issue in February 2026 and no dividend history; borrowings more than doubled in FY26.
- SME listing: trading can be thin, applications need at least 2 lots (₹2.68 lakh), and the issue closed only 1.87× subscribed overall.
SJP Ultrasonics Listing Performance Updates after Oct 8
We close the loop: issue vs listing price, and how our score compared.
SJP Ultrasonics IPO Allotment Status & Contact Details
Allotment was finalised on Oct 6. Check it with your PAN or application number.
Maashitla Securities Pvt. Ltd.
- Phone
- 011-45121795
- investor.ipo@maashitla.com
- Website
- maashitla.com
SJP Ultrasonics Ltd.
- Address
- Gala No. 1 & 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No. 5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar, Maharashtra 401208
- Phone
- +91 777 0010869
- cs@sjpultrasonics.in
- Website
- sjpultrasonics.in
SJP Ultrasonics IPO FAQs
GMP, price, lot size, dates, allotment and how to apply.
What is SJP Ultrasonics IPO?
SJP Ultrasonics IPO is a ₹23.45 Cr SME fixed price issue, entirely a fresh issue. The shares will list on BSE SME.
What is the issue price of SJP Ultrasonics IPO?
The issue price is ₹67 per equity share of face value ₹10.
What is the lot size of SJP Ultrasonics IPO?
The minimum lot is 2,000 shares. Individual investors must apply for exactly 2 lots (4,000 shares).
What is the minimum investment for SJP Ultrasonics IPO?
The minimum individual investment is ₹2,68,000 (4,000 shares at ₹67).
When does SJP Ultrasonics IPO open and close?
The IPO opens on Sep 30, 2026 and closes on Oct 5, 2026.
What is the allotment date of SJP Ultrasonics IPO?
The basis of allotment is finalised on Oct 6, 2026. Refunds and demat credit are expected on Oct 7, 2026.
When will SJP Ultrasonics IPO be listed?
The tentative listing date is Oct 8, 2026 on BSE SME.
What is SJP Ultrasonics IPO subscription status?
At the end of Day 3 (Oct 5 · 5:00 PM IST), the issue was subscribed 1.87× overall — Individual 1.00×.
What is the P/E ratio and valuation of SJP Ultrasonics IPO?
At the upper band, the P/E is 12.1× pre-issue and 16.5× post-issue, with a market cap of about ₹86.70 Cr.
Should I apply for SJP Ultrasonics IPO?
IPOSignal scores it 51/100 (Mixed Signal), with data confidence Medium (60%). Revenue and profit have grown steadily at ~20-25% a year with ~20% profit margins, low debt and most of the money going into new machinery. Against that, the offer is priced at ~16.5× post-issue earnings with only unlisted peers, the lead manager's recent SME listings have mostly been weak and IPOWatch's review suggests skipping. The issue closed 1.87× subscribed overall. The score describes the issue; it is research, not investment advice or a prediction of listing gains.
How to check SJP Ultrasonics IPO allotment status?
Check on the registrar Maashitla Securities Pvt. Ltd.'s site (maashitla.com/allotment-status/public-issues), or on the BSE / NSE allotment pages, using your PAN or application number.
Who is the registrar and lead manager of SJP Ultrasonics IPO?
The registrar is Maashitla Securities Pvt. Ltd.. The book-running lead manager is Khandwala Securities Ltd.. The market maker is Aftertrade Broking Pvt. Ltd..