SJP Ultrasonic
What they do: The company utilizes both secured and unsecured borrowings to finance its operations, focusing on maintaining liquidity and supporting business growth.
By IPO Milega Research · Published · Updated
The company shows moderate financial fundamentals with a stable revenue trend and a positive profit margin.
- GMP (unofficial)
- +0%
- ₹0 a share
- Opens
- 30 Sept
- Closes 5 Oct
- Min. investment
- ₹2,68,000
- 4000 shares
GMP is an unofficial grey market indication.
- Price band
- ₹67
- Lot size
- 4000 shares
- Min. investment
- ₹2,68,000
- Issue size
- 23.45 Cr.
- Open30 Sept 2026
- Close5 Oct 2026
- Allotment6 Oct 2026
- Listing8 Oct 2026
Overview
₹67 (+0.00%)
GMP trend
Unofficial grey market quotes, times in IST
Outer ring: estimated gain
How the score adds up
The overall score is the average of these five, nudged by QIB demand once bidding closes.
- Financials5.0
- Performance8.0
- Flexibility8.0
- Timing7.0
- Risk4.0
The approximate gains potential is based on the company's strong performance and flexibility scores, indicating robust operational capabilities and market adaptability. However, the lack of GMP data limits the precision of this estimate. The company's moderate financial fundamentals and significant risk factors, including reliance on two revenue segments and compliance issues, temper the potential gains.
Strengths3
- Expanded geographical presence with offices in multiple Indian states.
- Developed strong relationships with international manufacturers for procurement.
- Diversified revenue streams across multiple industry segments.
Concerns5
- Reliance on two primary revenue segments for 97% of revenue.
- Negative cash flows from operating activities.
- Compliance issues with Provident Fund and Insurance Acts.
- Potential fines from regulatory non-compliance.
- Price and volume fluctuations due to lack of trading history.
Who gets shares
- QIB50%
- NII15%
- Retail35%
- Retail Minimum2,68,0002 lots, 4000 shares
- Retail Maximum2,68,0002 lots, 4000 shares
- S-HNI Minimum4,02,0003 lots, 6000 shares
| Application | Lot size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 4000 | 2,68,000 |
| Retail Maximum | 2 | 4000 | 2,68,000 |
| S-HNI Minimum | 3 | 6000 | 4,02,000 |
Timing
7.0/10The IPO is well-timed considering the current market environment that supports SME growth and investment. The full underwriting and market maker arrangements further enhance investor confidence, making it a favorable time for SJP Ultrasonic to enter the public market.
- Time to market
- The company's strategic shift from private to public status and the full underwriting of the issue indicate a strong market entry strategy. The focus on individual investors and the fixed price issue align with current investor preferences, suggesting a well-considered timing for the IPO.
- How allotment works
- Basis of allotment finalized and shares credited to demat
- Market timing
- Favourable
- Time to market
- 8.0
- Listing on
- BSE SME
Key milestones
- 30 Sept 2026IPO Opens
- 5 Oct 2026IPO Closes
- 6 Oct 2026Basis of Allotment
- 7 Oct 2026Refunds Initiated
- 7 Oct 2026Credit to Demat Account
- 8 Oct 2026Listing Date
Financials
5.0/10- Revenue
- ₹26.63 Cr
- +25.9%
- Profit after tax
- ₹5.24 Cr
- +25.7%
- Net margin
- 19.7%
- -0.0 pts
- Assets
- ₹35.2 Cr
- +30.1%
- Return on equity
- 30.01%
- Debt to equity
- 0.64
- ROCE
- 38.49%
- Return on net worth
- 26.10%
- NAV per share (₹)
- 21.28
Financial performance trend
Amount ₹ in croresThe company shows moderate financial fundamentals with a stable revenue trend and a positive profit margin. However, the debt levels are notable, and the financial ratios suggest room for improvement in liquidity and efficiency.
Risk
4.0/10Read this score as a safety rating: 10/10 means the lowest risk, 1/10 the highest.
Where the risks sit
- Financial risks3
- Market risks1
- Operational risks1
- Regulatory risks2
SJP Ultrasonics faces significant financial and operational risks, including reliance on two revenue segments, negative cash flows, and compliance issues.
How the company offsets these
Diversify revenue streams and improve compliance to mitigate financial and regulatory risks.
Financial risks3
- Negative cash flows from operating activities.
- Outstanding tax proceedings and dues to creditors.
- Potential dilution from future share issuances.
Market risks1
- Price and volume fluctuations due to lack of trading history.
Operational risks1
- Reliance on two primary revenue segments for 97% of revenue.
Regulatory risks2
- Compliance issues with Provident Fund and Insurance Acts.
- Potential fines from regulatory non-compliance.
Performance
8.0/10SJP Ultrasonics Limited, established in 2012, specializes in end-to-end plastic joining and automation solutions, primarily serving the automotive industry. The company has diversified its offerings into three main segments: plastic joining solutions, industrial automation, and laser technology solutions. Over the years, SJP has developed strong relationships with international manufacturers, enhancing its procurement and manufacturing capabilities. The company has shown consistent revenue growth and has expanded its geographical presence across India.
- Historical growth
- consistent, high
- Market comparison
- SJP Ultrasonics operates in a competitive market with a diverse range of products catering to multiple industries, providing it with a strategic advantage over peers focused on single segments.
- Future potential
- The company is expected to continue its growth trajectory by expanding its market presence both domestically and internationally.
- Operational consistency
- The company's diversified revenue streams and strong customer relationships contribute to its revenue stability.
- Experience
- The management team, led by Jignesh Parekh, has extensive experience in plastic joining solutions and industrial automation.
- Track record
- The management has successfully expanded the company's operations and revenue streams.
Key achievements
- 01Expanded geographical presence with offices in multiple Indian states.
- 02Developed strong relationships with international manufacturers for procurement.
- 03Diversified revenue streams across multiple industry segments.
Flexibility
8.0/10The company serves a wide range of industries, including automotive, medical, and electronics, which diversifies its market risk. Its expansion into international markets, such as the USA and Europe, indicates strong market adaptability.
The company has a comprehensive end-to-end service model and a strong focus on innovation, which allows it to quickly adapt to customer needs and market changes. Its investment in new machinery and technology further enhances its operational agility.
The company demonstrates strong flexibility and adaptability through its diversified product offerings, strategic market presence, and robust financial performance. It has a well-established customer base across multiple industries and maintains strong supplier relationships, which enhance its operational resilience. The company's focus on innovation and expansion into international markets further supports its adaptability.
- Product diversification
- The company offers a diverse range of products, including plastic joining solutions, industrial automation, and laser technology solutions, catering to various industries such as automotive, medical, and electronics.
- Future adaptability
- The company's strategic investments in machinery and technology, along with its expansion into international markets, position it well for future adaptability and growth.
The data on this page has been reviewed manually by the IPO Milega research team. It is not investment advice, and IPO Milega accepts no responsibility for losses arising from any investment decision. Investments in the securities market are subject to market risks. Read all the related documents, including the full prospectus, carefully before investing.