Overview
Updated 6 days agoSJP Ultrasonics Limited is an end-to-end provider of plastic joining and industrial automation solutions, serving diverse industries including automotive, medical, and electronics. The company designs and manufactures specialized machinery and tools, while also sourcing ultrasonic welding equipment from international partners.
The red bar is the price band. GMP-implied price is an unofficial grey-market number, not a forecast.
How much to apply
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,34,000 |
| bNII (min) | 8 | 16,000 | ₹10,72,000 |
At the upper band. The amount is blocked in your bank account through UPI, not paid, until allotment.
Final subscription
As of 6 Nov, 10:00 ISTTimes the shares on offer were bid for, by investor category. Above 1x means the category is fully booked.
Listing performance
Latest price updated 5 hr ago.
Issue details
| Status | Listed |
| Exchange | BSE |
| Segment | SME |
| Sector | Plastic Products |
| Price band | ₹67 |
| Final issue price | ₹67.00 |
| Face value | ₹10 per share |
| Lot size | 2,000 shares |
| Minimum investment | ₹1,34,000 |
| Issue size | ₹23.00 Cr |
| P/E at upper band | 9.9x |
| Registrar | MAASHITLA SECURITIES PRIVATE LIMITED |
| NSE symbol | SJP |
| ISIN | INE0S4601017 |
Company & business
Incorporated in 2012, SJP Ultrasonics Limited specializes in plastic joining and industrial automation solutions. The company provides a comprehensive range of services, including feasibility studies, machine procurement, and the manufacturing of customized tools for various sectors such as automotive, medical, electrical, and FMCG. Its product portfolio includes ultrasonic, vibration, hot plate, and spin welding machines, alongside heat staking technology. The company operates a manufacturing facility in Vasai, Maharashtra, and maintains a B2B business model. Led by promoters Jignesh Parekh and Rupal Parekh, the company focuses on technical innovation and customized engineering to meet specific client requirements across India.
Objects of the issue — how the money will be used
- Funding Capital Expenditure towards the Purchase of Machineries (₹11.12 Cr)
- Funding working capital requirements of the Company (₹4.92 Cr)
- General Corporate Purpose
Key strengths
- End-to-end solution provider in plastic joining and automation
- Diverse customer base across multiple industries
- In-house design and engineering capabilities
- Long-standing associations with international equipment manufacturers
- Customized product offerings tailored to client needs
Key risks
- High revenue concentration in two business segments
- Significant dependence on a limited number of large customers
- Lack of long-term agreements with suppliers and customers
- Geographical concentration of manufacturing operations in Maharashtra
- Past non-compliance with EPF and ESIC regulations
- Negative cash flows from operating activities in certain periods
- Outstanding legal proceedings involving the company and promoters
Promoters
Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh
Decoded from the DRHP with AI on 31-Oct-2026. Check the offer document before you apply.
Financials (restated, ₹ crore)
| Period | Revenue | Expenses | Profit after tax | Assets | Net worth | Borrowings |
|---|---|---|---|---|---|---|
| FY23 | 11.45 | -- | 1.41 | 12.77 | 3.12 | 1.54 |
| FY24 | 15.21 | -- | 3.40 | 16.97 | 6.63 | 2.01 |
| FY25 | 21.06 | -- | 4.17 | 27.06 | 14.85 | 2.42 |
Key performance indicators · FY25
Peers & valuation
Other Plastic Products IPOs
Same sector, listed just before and after this one, with their listing-day change.
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Shakti Polytarp LimitedSHAKTIPOLY · BSE · SME · Plastic Products−3.3%22 Sep
Manika PlastechMANIKA · BSE, NSE · Mainboard · Plastic Products+0.3%21 Sep
Injecto PolymersINJECTO · BSE · SME · Plastic Products−4.0%21 Sep
Phychem TechnologiesPHYCHEM · BSE · SME · Plastic Products+8.9%7 Sep Documents and resources
Offer documents and the issuer, exchange, registrar and SEBI pages for this issue.