SJP Ultrasonic IPO Details
Factual IPO information from public filings. Not investment advice.
Issue Details
- Price Band
- ₹67
- Lot Size
- 2,000 shares
- Min. Investment
- ₹1,34,000
- Total Issue Size
- ₹23.45 Cr
- 35,00,000 shares
- Fresh Issue
- ₹23.45 Cr
- 35,00,000 shares
- Face Value
- ₹10 per share
- Issue Type
- Book-built IPO
- Listing At
- BSE SME
- Shares Pre-Issue
- 94,40,000
- Shares Post-Issue
- 1,29,40,000
Lot Size & Investment
1 lot = 2,000 shares
Retail (min)
1 lot · 2,000 shares
Retail (max)
1 lot · 2,000 shares
S-HNI (min)
2 lots · 4,000 shares
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual | 2 | 4,000 | ₹2,68,000 |
| HNI | 3 | 6,000 | ₹4,02,000 |
Financial Performance
Restated figures in ₹ crore, unless stated otherwise
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| Assets | 35.2 | 27.06 | 16.97 |
| Total Income | 26.63 | 21.15 | 15.22 |
| Profit After Tax | 5.24 | 4.17 | 3.4 |
| EBITDA | 8.24 | 6.84 | 5.42 |
| Net Worth | 20.09 | 14.85 | 6.73 |
| Reserves & Surplus | 10.65 | 5.41 | 5.63 |
| Total Borrowing | 5.78 | 2.42 | 2.01 |
Key Performance Indicators
| Period | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| ROE (%) | 30.01 | 38.86 | 69.79 |
| ROCE (%) | 38.49 | 50.8 | 80.53 |
| EPS (₹) | 5.55 | 6.75 | 6.19 |
| P/E (pre-issue) | 12.07 | — | — |
| P/E (post-issue) | 16.54 | — | — |
About SJP Ultrasonic
SJP Ultrasonics was incorporated in January 2012 and converted to a public limited company in November 2023. It supplies plastic joining and industrial automation solutions, serving the automotive industry primarily, along with medical, electrical, electronics, textile, FMCG, toys, stationery, food and packaging, defence and education. The business is business-to-business, selling to manufacturers. Its segments cover plastic joining equipment, industrial automation and laser systems, and the company handles design, raw material selection, manufacture of welding machines and after-sales support rather than supplying machines alone.
Company Information
Strengths (from RHP)
- The company covers design, material selection, machine manufacture and service, so a customer deals with one supplier across the project.
- Long-standing supplier relationships give it consistent access to components.
- Customer relationships across India have been built up over more than a decade of operation.
Key risks (from RHP)
- Plastic joining and industrial automation together account for nearly all revenue, with roughly 47 and 50 per cent respectively.
- The company registered under the EPF Act only in June 2024 despite earlier employing more than twenty people.
- It registered under the ESI Act in the same month, having previously employed more than ten people.
- Book running lead managers
- Khandwala Securities Limited
- Registered office
- Gala No. 1 and Gala No. 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No.5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar, Maharashtra, 401208