SJP Ultrasonics IPO
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SJP Ultrasonics IPO details
Schedule of SJP Ultrasonics
| Issue open date | 30 Sep 2026 |
| Issue close date | 05 Oct 2026 |
| UPI mandate deadline | 05 Oct 2026 (5 PM) |
| Allotment finalization | 06 Oct 2026 |
| Refund initiation | 07 Oct 2026 |
| Share credit | 07 Oct 2026 |
| Listing date | 08 Oct 2026 |
| Mandate end date | 20 Oct 2026 |
| Lock-in end date for anchor investors (50%) | 04 Nov 2026 |
| Lock-in end date for anchor investors (remaining) | 03 Jan 2027 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About SJP Ultrasonics
SJP Ultrasonics primarily operates in the industrial automation solution segment, providing solutions under three business segments: Plastic Joining Solutions, Industrial Automation, and Laser Technology Solutions. The company is a start-to-finish plastic welding solution provider offering diverse and comprehensive service offerings, including specialized plastic products across varied industry segments. It customises industrial automation solutions for an array of industries such as automotive, pharmaceuticals, electronics, energy, food and beverage, packaging, material handling, water treatment, and textiles. SJP Ultrasonics designs and manufactures special-purpose machines that involve detailed fabrication processes and engineering precision on a made-to-order basis. The company integrates technologies like programmable logic controllers, supervisory control and data acquisition, human-machine interfaces, and robotics into its automation systems. SJP Ultrasonics conducts its entire manufacturing operations from its facility in Vasai, Maharashtra, generating revenue directly from customers, particularly original equipment manufacturers, through milestone-based billing without long-term contracts.
Financials of SJP Ultrasonics
Issue size
| Funds Raised in the IPO | Amount (₹ crores) |
| Total issue size | 23.45 |
| Fresh Issue – Proceeds go to the company | 23.45 |
Utilisation of Proceeds
| Purpose | INR crores (%) |
|---|---|
| Funding capital expenditure towards the purchase of machineries | 13.22 (56.37%) |
| Working Capital Requirement | 4.92 (20.98%) |
| General Corporate Purposes | 3.05 (13.01%) |
| Issue Expenses |
2.26 (9.64%) |
Strengths
- Comprehensive end-to-end plastic welding solution provider.
- Strong, long-standing customer and supplier relationships.
- Specialized expertise in custom, made-to-order manufacturing.
- Established in-house production facilities in Maharashtra.
- Experienced leadership and management team.
Risks
- High revenue dependence on two primary business segments.
- Significant revenue concentration from a few large clients.
- Raw material price volatility due to lack of long-term supplier contracts.
- Working capital-intensive operations tied to trade receivables management.
- Delays in new machinery procurement could hinder capacity expansion plans.
Allotment Status for SJP Ultrasonics
To check your IPO allotment status:
- Visit the Maashitla Securities IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.
Subscription Figures for SJP Ultrasonics
Grey Market Premium (GMP) is an unofficial and unregulated metric that may not accurately reflect investor interest. Instead, investors should refer to the IPO subscription data published by the stock exchanges, which is a more reliable indicator of demand.
Subscription numbers as of 05:00 PM on October 05, 2026:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| NII | 16.62 | 30.86 | 1.86x |
| Retail | 16.62 | 16.68 | 1x |
| Total | 33.24 | 60.46 | 1.82x |