Incorporated in 2012, SJP Ultrasonics Ltd. is engaged in the end-to-end plastic joining and automation solution providers. The company offers specialised solutions mainly in the Automotive industry and industries related to Medical, Electrical, Electronics, Textile, FMCG, Toys, Gift & Stationery, Food & Packaging, Defence & Educational Institutes. The sale of the products and services is majorly made to manufacturers engaged in various industries, which makes model business to business (B2B).
Business Segments:
The manufacturing facility is situated at Gala No. 1 and Gala No. 2, Shiv Shankar Industrial Complex 2, Bhutpada, Building No.5, Opp. Golden Chariot Hotel, Highway, Vasai East, Palghar – 401 208, Maharashtra, India.
The company intends to enhance in-house manufacturing capabilities and increasing production efficiency by purchasing Milling Machines, CNC Lathe Machine, Compressor, CNC Bandsaw Machine, Overhead Crane, 6 Axis Robot, Co2 Laser Cutting Unit, Computers, NX Softwares, Solid Works Software, Diesel Generator, CMM Machine, Vibration Welders, Laser Plastic Welder to improve production.
As of March 31, 2026, the company had 84 employees.
Competitive Strengths:
SJP Ultrasonics Ltd.’s revenue increased by 26% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 35.20 | 27.06 | 16.97 |
| Total Income | 26.63 | 21.15 | 15.22 |
| Profit After Tax | 5.24 | 4.17 | 3.40 |
| EBITDA | 8.32 | 6.93 | 5.43 |
| NET Worth | 20.09 | 14.85 | 6.73 |
| Reserves and Surplus | 10.65 | 5.41 | 5.63 |
| Total Borrowing | 5.78 | 2.41 | 2.01 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Phychem Technologies Ltd. | SME | ₹14.58 Cr | ₹54 | 9.96 | ₹58.80 | +8.89% | ₹50.95 |
| Technocrats Plasma Systems Ltd. | SME | ₹60.98 Cr | ₹132 | 11.38 | ₹241.50 | +82.95% | ₹404.80 |
| Liotech Industries Ltd. | SME | ₹36.03 Cr | ₹321 | 23.13 | ₹244.15 | -23.94% | ₹120.23 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards the Purchase of Machineries | 13.22 |
| 2 | Funding working capital requirements of the Company | 4.92 |
| 3 | General Corporate Purposes | 3.05 |
| 4 | Issue Expenses | 3.16 |
| Total | 24.34 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 38.86% |
| ROCE | 50.80% |
| Debt/Equity | 0.16 |
| RoNW | 28.10% |
| PAT Margin | 19.81% |
| EBITDA Margin | 32.47% |
| NAV | 15.73 |
| P/B (x) | 4.26 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 5.55 | 4.05 |
| P/E (x) | 12.07 | 16.54 |
| IPO Date | 30 Sep to 5 Oct, 2026 |
| Listing Date | Thu, Oct 8, 2026 |
| Face Value | ₹10 per share |
| Issue Price | ₹67 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,00,000 shares (agg. up to ₹23 Cr) |
| Reserved for Market Maker | 1,76,000 shares (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 33,24,000 shares (agg. up to ₹22 Cr) |
| Net Offered to Public | 33,24,000 shares (agg. up to ₹22 Cr) |
| Share Holding Pre Issue | 94,40,000 shares |
| Share Holding Post Issue | 1,29,40,000 shares |
The promoters of the company are Jignesh Pravinchandra Parekh, Rupal Jignesh Parekh, Parth Jignesh Parekh, Parthvi Jignesh Parekh and Jignesh Pravinchandra Parekh (HUF).
| Share Holding Pre Issue | 79.51% |
| Share Holding Post Issue | 58% |
As per our analysis and Based on the information we have, this is the output.
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