SJP Ultrasonics Ltd IPO
Engineering
Price Band
₹67 – ₹67
Lot Size
2000
Minimum Bid Quantity
4000
Minimum Investment
₹268000
Issue Size
₹23.45Cr
Opens
2026-09-30
Closes
2026-10-05
Listing
08-10-2026
IPO Details
Issue Type
FP
Face Value
₹10
Tick Size
1
ISIN
INE0S4601017
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
SJP Ultrasonics is a provider of plastic joining and automation solutions, primarily serving the automotive, medical, electrical, electronics, textile, FMCG, toys, food and packaging, defence, and educational industries. Its business is divided into three segments: plastic joining solutions, industrial automation, and laser technology solutions. The company manufactures machinery, tools, and automated processes and also coordinates the procurement of ultrasonic and vibration welding machines through associations with international manufacturers. Its design and engineering team works on machinery design and feasibility studies for customer requirements. The company operates a manufacturing facility at Vasai East, Palghar, Maharashtra, where its design and quality teams are also based. It also has offices and demonstration centres in Vasai and Pune in Maharashtra, Gurugram in Haryana, and Chennai in Tamil Nadu. The company primarily follows a business-to-business model and supplies products and services to manufacturers across various industries in India.
Pros
- • The company provides end-to-end plastic welding solutions, covering design and engineering, equipment supply, testing, installation, commissioning, and maintenance. It also undertakes feasibility studies and machinery design based on customers’ production requirements.
- • The company offers a range of specialised machinery and tools across three product categories. These include ultrasonic, vibration, hot plate, spin and heat staking welding machines; robotics, pick-and-place, rotary, conveyor and assembly-line automation; and laser marking, welding and cutting machines.
- • The company is ISO 9001:2015 certified for the manufacture and supply of plastic welding machines. It also states that it conducts quality tests on raw materials, semi-finished and finished products, along with trial runs of equipment at its manufacturing facility before delivery.
Cons
- • The company had outstanding financial indebtedness of Rs 6.49 crore as of September 10, 2026. Failure to service or repay its borrowings on time could adversely affect the company’s business, financial condition, and cash flows.
- • The company had trade receivables of Rs 9.78 crore as of March 31, 2026. Delay or failure in collecting these receivables could increase working capital requirements and adversely affect the company’s cash flows and financial condition.
- • The company derives a significant portion of its revenue from plastic joining solutions and industrial automation. These segments contributed Rs 12.35 crore (46.52%) and Rs 13.40 crore (50.48%), respectively, of revenue in FY26. A decline in revenue from these segments due to higher competition, pricing pressures, changes in demand or supply, or technological changes could hurt the company’s business, results of operations and financial condition.
Get real-time IPO alerts on WhatsApp
Opening reminders • Subscription updates • GMP alerts • Allotment results
Start WhatsApp Alerts