SJP Ultrasonics Limited Initial Public Offering

SJP Ultrasonics Limited, an end‑to‑end plastic joining and automation solutions provider serving automotive, medical, electrical, electronics, textile, FMCG, toys, gift & stationery, food & packaging, defence and educational segments, announced the opening of its Initial Public Offering on Wednesday, 30 September 2026.

The company will issue 35,00,000 equity shares at a fixed price of ₹67 per share (face value ₹10, share premium ₹57), aiming to raise ₹2,345.00 lakhs through a fresh issue. Of these, 1,76,000 shares (valued at ₹117.92 lakhs) are reserved for the market maker, leaving a net issue of 33,24,000 shares amounting to ₹2,227.08 lakhs. The net issue and the total issue represent 25.69% and 27.05%, respectively, of the post‑issue paid‑up equity share capital.

Allocation

  • Non‑Institutional Investors: 16,62,000 shares
  • Individual Investors: 16,62,000 shares
  • Market Maker: 1,76,000 shares

The public issue will open on 30 September 2026 and close on 5 October 2026. Khandwala Securities Limited is appointed as Lead Manager and Maashitla Securities Private Limited as Registrar.

Use of Proceeds

The net proceeds are earmarked for:

  • Capital expenditure on the purchase of new machineries;
  • Working capital requirements;
  • General corporate purposes, aimed at strengthening in‑house manufacturing capabilities and expanding the solutions portfolio.

Management Commentary

Mr. Jignesh Pravinchandra Parekh, Chairman & Managing Director (DIN 05129344), stated that the IPO marks a pivotal step in the company’s growth journey, enabling capacity enhancement and broader solution offerings.

Mr. Alok Desai, Vice President – Merchant Banking at Khandwala Securities Limited, highlighted that as of 31 March 2026, the company held an order book of ₹2,118.56 lakhs. For FY 26, the company reported:

  • Revenue from operations: ₹2,655.77 lakhs
  • EBITDA: ₹823.81 lakhs (EBITDA margin 31.02%)
  • PAT: ₹524.26 lakhs (PAT margin 19.74%)

Company Overview

Incorporated in 2012, SJP Ultrasonics operates across three principal segments: Plastic Joining Solutions, Industrial Automation, and Laser Technology Solutions. Its manufacturing facility is located in Vasai East, Palghar, Maharashtra, serving a pan‑India customer base.